Core Vct I Share Discussion Threads

[the chairman elect] 14/7/2022 08:15

KAVANGO RESOURCES PLC //// LSE:KAV

Independent Valuation of Kanye Resources

Botswana focussed metals exploration company Kavango Resources plc (LSE:KAV) ("Kavango") is pleased to publish the Independent Valuation (the "Valuation Report") conducted by Afrasia Mining and Energy Investment Holdings Ltd ("Afrasia") of the mineral exploration assets of Kanye Resources Proprietary Ltd ("Kanye").

Following the announcement on 08 July 2022, Kavango will become the sole owner of Kanye on completion of the acquisition, which is conditional on publication of a prospectus relating to the new shares and warrants to be issued as consideration for the acquisition.

Kanye owns 100% working interests in:

- 10 prospecting licenses in the Kalahari Copper Belt ("KCB"), which cover 4,257km2

- 2 prospecting licences in the Ditau Camp Project that cover an area of 1,386km2

Highlights

- The Valuation Report covers solely the Kanye assets, comprising 10 Prospecting Licences in the KCB, and two PLs at Ditau.

- Kavango's KSZ PLs and the LVR earn-in PLs have not been reviewed in the Valuation Report

- US$8.0m preferred value assigned to Kanye

- Combination of market & cost approaches used

- Valuation date 01 May 2022,

- Subsequent work undertaken at Kanye's KCB and Ditau projects not reflected

- Valuation Report prepared in accordance with the SAMVAL code, by a designated Competent Valuator

- Kavango will publish the Valuation Report on its website via the following link

hxxps://www.kavangoresources.com/investor-relations/research-notes

Ben Turney, Chief Executive Officer of Kavango Resources, commented:

"Today's independent valuation report underlines the commercial rationale for the deal we recently struck to acquire the 100% working interest in Kanye Resources. The sound fundamentals of the transaction were nicely balanced for both parties.

Afrasia has undertaken a detailed piece of work which shows an established Preferred Valuation for Kanye of US$8.0m.

The valuation is based squarely on the current stage of our Kalahari Copper Belt and Ditau interests. This not only underlines the inherent value in our portfolio of our asset base versus the current market capitalisation of the company, but also highlights yet again the huge prospectivity of our licence area. If we can build on the momentum we have gathered across both projects and deliver success in the field, Kavango's 100% ownership could prove to be a game-changer for the company.

Exploration work across the portfolio continues at pace, and I look forward to giving shareholders continued updates on our progress as the opportunities arise."

[noirua] 13/7/2022 11:08

Bought TRAC at 14.875p

t42 IoT Tracking Solutions PLC, up 39% at 14.25 pence, 12-month range 5.60p-31.75p.
The real-time tracking, security, and monitoring solutions provider signs a deal with an unnamed Latin American distributor for the provision of t42 products and services to local port authorities in Argentina.
The contract has a four-year duration and an estimated total value of at least USD16 million.

[noirua] 13/7/2022 10:37

Watching TRAC but not making a move quite yet. The shares might well be cheap at 15p or so but...

[noirua] 13/7/2022 09:24

Should you buy Red Rock shares with open arms? Well at 0.37p it turns out it 'twaz' so. Now at under 0.55p maybe finger a few.

[noirua] 13/7/2022 09:19

As a tidy up I sold all my shares remaining in COPL, RMM, VAST, and ARB at a thumping loss and put the dough into RRR at 0.37p and 0.383p last week.
No UK losers remain. A decision had to be made and a mistake admitted. Hopefully Red Rock will reach 0.75p bid shortly and the errors erased or at least crossed out with a marker pen.

Good luck!

[noirua] 12/7/2022 11:49

Red Rock RRR -- train waiting at the station:
The tickets for entry are gradually rising in price.
Update - RRR holding now at 9.04 million - 0.72%.

[noirua] 11/7/2022 16:48

Sold my ARB shares today for just £86 profit - changed my mind. RRR shares now at 7.25m bought at about 0.39p average. Over my maximum for a microcap in the main.

[theonewhoknows2] 11/7/2022 15:11

market looking v weak..heading for the lows of the day.....hasnt even got the strength for a little bounce on the way down...

[the chairman elect] 11/7/2022 11:15

SP Angel . Morning View . Tirupati Graphite (TGR LN) 24.3p Mkt Cap £21m – Acquisition of TSG remains pending

Tirupati reports this morning that the acquisition of Tirupati Speciality Graphite Private Limited, or TSG, remains pending as it requires the approval of the regulators in India under The Foreign Exchange Management Act as it classes TG as an Overseas Direct Investment.

TSG was established to develop downstream flake graphite projects and a research & development centre for graphene, advanced materials and mineral processing technologies.

Indian authorities have now determined that the independent valuation report used to establish the share swap ratio is no longer valid and a new report will need to be undertaken.

Tirupati is now evaluating a number of alternative options to complete the acquisition, while TSG has advised the Company that it needs to explore alternative sources of capital to maintain its development.

[the chairman elect] 11/7/2022 11:00

Kavango Resources (KAV LN) 1.925p, Mkt cap £8.4m – Acquisition of 50% of Kanye Resources

Kavango reported on Friday that it agreed terms with Power Metal Resources* to acquire Power's 50% of the Kanye Resources Joint Venture.

Kavango now own a 100% interest in Kanye.

Project: Kanye Resources owns two considerable land packages in Botswana, the Kalahari Copper Belt project covering 4,257km2 and the Ditau Camp project covering 1,386km2.

Ditau: Kanye reports that four diamond drillholes have been successfully completed cross three targets (i1, i8 and i10) for a total of 1,623m.

In parallel with drilling, additional Controlled Source Audio Magneto Telluric (CSAMT) geophysical surveys and modelling were carried out over the i1, i8 and i10 targets – used successfully in the past to provide high quality sub-surface imagery.

Kanye is now awaiting assay results from the four drillholes at Ditau, with samples currently in transit to the lab.

KCB: Soil sampling continues at Kanye’s licenses on the Kalahari Copper Belt, with a total of 3,478 soil samples collected from a total of approximately 5,750 soil samples planned across the KCB JV licences.

Kanye continues to delineate targets for an RC drill programme on the KCB planned for later in 2022.

Terms: Kavango will issue to Power Metal 60m shares at a price of 3p per share.
Kavango will issue to Power 30m warrants at 4.25p for 30 months and 30m at 5.5p for 30 months.

Power Metal will also receive 15m variable price warrants with a six-month life to expiry, with a minimum exercise price of 3p and an actual exercise price at a 15% discount to the volume-weighted average share price on the date of exercise.

In a separate announcement this morning, Kavango reports progress at its Kalahari Suture Zone project, identifying three EM conductors for follow up testing.

The three targets exhibit strong conductance readings, that the company comments could conform to an idealised Ni-Cu-PGE orebody model.

Kavango will now delineate the targets further to define drill targets in due course.

Conclusion: Kavango taking whole ownership of Kanye allows them to progress the KCB project and Ditau, taking the company’s land package to nearly 16,000km2 in Botswana. Kavango also have also gained a strategic investor in Power Metal on their register, while the deal allows Power to focus on its other exploration projects.

*SP Angel acts as nomad and broker to Power Metal

[noirua] 11/7/2022 09:05

Chairman, KAVango report isn't anything special though the share price is so low it should recover well by the day's end.
The Bitcoin price and mining microcaps can't go down forever.

[noirua] 11/7/2022 09:02

Buy with open arms - ...

[noirua] 11/7/2022 08:23

Have you followed the last few week's heads up on Red Rock?

[the chairman elect] 11/7/2022 08:00

London listed Botswana focused KAVANGO RESOURCES PLC LSE:KAV

KSZ North: Cluster of EM conductors identified

Botswana focussed metals exploration company Kavango Resources plc (LSE:KAV) ("Kavango") has identified a cluster of three electromagnetic conductors (the "EM Conductors") within Target Area B in the northern (Hukuntsi) section of the Kalahari Suture Zone ("KSZ").

The size and orientation of these conductors conform to an idealized model for the Talnakh and Kharaelakh massive sulphide nickel/copper/platinum group element (" Ni-Cu-PGE" ) orebodies at Norilsk. This fits both the 'Norilsk Model' Kavango has used in its exploration for large-scale Ni-Cu ore bodies in the KSZ, as well as a more detailed Ni-Cu-PGE orebody model.

Kavango has ranked the three EM Conductors as priority targets for future drilling.

Highlights

- Group of three EM Conductors identified in close proximity to one another

- Conforms to 'Norilsk Model' that Kavango has applied to the KSZ

- First evidence captured in the KSZ of a cluster of drill targets, which corresponds to similar clusters observed at Talnakh and Kharaelakh

- Norilsk is one of the world's largest nickel/copper/platinum group element mines

- The three EM Conductors exhibit strong conductance readings, which conform to an idealised Ni-Cu-PGE orebody model

- B1 Conductor - 14,350 Siemens* (classified as a high priority drill target)

- B3 Conductor - 4,350 Siemens (classified as a priority drill target)

- B4 Conductor - 4,350 Siemens (classified as a priority drill target)

- Kavango has published maps and diagrams on its website

- hxxps://www.kavangoresources.com/media-library/news-release-media/rns11july2022

*Under Kavango's new target ranking system in the KSZ, an EM Conductor with a conductance greater than 1,000 Siemens is a drill target, greater than 3,000 Siemens is a priority drill target and greater than 10,000 Siemens is a high priority drill target.

Ben Turney, Chief Executive Officer of Kavango Resources, commented:

"These are some of the most outstanding exploration results Kavango has delivered in the Kalahari Suture Zone. We now have 3 significant drill targets, in close proximity to one another, in our hunt for 'Norilsk Model' nickel/copper/platinum group element ore bodies.

The primary objective of this phase of TDEM was to define comprehensively the B1 Conductor. We achieved this and, pending final modelling of the 14,350 Siemens B1 Conductor it will be drill-ready. This is a high priority drill target.

With a roughly 9km2 area of investigation per loop, surface TDEM surveys also enable us to pick up other potential conductors in the vicinity. In the case of the Loop 10 survey, we detected two more conductors to the north.

We immediately recognised the potential significance of this and arranged for two further TDEM loops, Loops 11 & 12.

We were delighted to receive these results. These confirmed the presence of conductors B3 & B4, which both exhibited preliminary modelled conductance readings of 4,350 Siemens and are now also priority drill targets for Kavango.

Final modelling is needed on all 3 conductive bodies to resolve them to "drill-ready" state, but the exciting development is the clustering and amplitude of these conductors does fit our idealised 'Norilsk Model'. This is exactly what we would have hoped to see at this stage in exploration.

Kavango has been the first company to deploy surface and downhole TDEM technology to the 450km-long KSZ, and we are now also actively exploring how we can roll out a much-more expansive reconnaissance campaign across our 8,800km2 property."

[theonewhoknows2] 11/7/2022 00:11

xXTiPSXHEETSXx

[theonewhoknows2] 10/7/2022 11:06

EOG BUY HOLD ADD