Core Vct I Share Discussion Threads

[the chairman elect] 07/11/2022 09:15

Lithium & Graphite headed UP & AWAY....

LSE:TGR

LSE:KOD

LSE:FRG

[noirua] 04/11/2022 11:40

I bought FRG for 13.1p. As to HEMO I made quite a bit of money on this during the boom period. Since then I've lost track other than knowing it is a well-run company and will do just great if the marketplace gives it some well-earned breaks. The share price has collapsed from 14p+ and under 2p looks really cheap though without breaks it is going nowhere.


Noirua - 26 Apr 2021 - 11:36:27 - 9955 of 11876 TOP TRADERS THREAD for PROFESSIONALS ONLY!!!! - CR
Quite a fall by HEMO that I think of as an old friend that did well last year.

[the chairman elect] 03/11/2022 08:45

United Oil & Gas PLC / Index: AIM / Epic: UOG / Sector: Oil & Gas

Investor Presentation

UNITED OIL & GAS PLC is pleased to announce that Brian Larkin, Peter Dunne and Jonathan Leather will provide a live presentation via the Investor Meet Company platform on 16th Nov 2022 at 10:00am GMT. During the presentation, speakers will give an update on the Company, and the ongoing strategy as we move towards an exciting 2023.

The presentation is open to all existing and potential shareholders. Questions can be submitted pre-event via your Investor Meet Company dashboard up until 9am the day before the meeting or at any time during the live presentation.

Investors can sign up to Investor Meet Company for free and add to meet UNITED OIL & GAS PLC via:

hxxps://www.investormeetcompany.com/united-oil-gas-plc/register-investor

Investors who already follow UNITED OIL & GAS PLC on the Investor Meet Company platform will automatically be invited.

[the chairman elect] 02/11/2022 16:00

KAVANGO RESOURCES / LSE:KAV



SMALL CAP IDEAS: Miner Kavango's £3.5m fundraising shows it's not dealing with 'moose-pasture'

By ALASTAIR FORD, PROACTIVE INVESTORS, FOR THISISMONEY.CO.UK

How will the junior mining exploration sector look over the next 12 months?

One possibility is that newsflow in the sector might just about dry up, as markets become even tougher and money to pay for work on the ground becomes harder and harder to find.

If that's true, though, Kavango Resources is likely to be a beacon of light in an otherwise gloomy sector.

Because Kavango has just raised £3.5million at 1.8p a share in new money to fund its ongoing exploration activities in Botswana.

It's a big amount in a sector where a typical fundraising might be £1million, and there are plenty of companies that would settle for less than that.

Over the past couple of years, the company has undertaken significant work at its flagship Kalahari Suture Zone project, deploying new technology to work up new geological models

But Kavango isn't just scratching around at 'moose-pasture,' as the industry slang would have it.

Rather, it's sitting on what could be some of the biggest discoveries to come out of southern Africa in years.

Big potential, big raise – it's as simple as that.

Or to put it another way, this is no ordinary exploration company.

Any one of the targets that Kavango has in its portfolio could serve as a company maker, and any one of them might on their own absorb the entire energies of a comparable peer.

But Kavango benefits from a handy combination – its founders are seasoned experts in their fields, long in the tooth and rich in experience, and wise enough too to know that running a company full time is a job for a younger team.

So, Ben Turney was brought in a year or two ago, to bring the kind of energy and verve it takes to turn exploration dreams into mining reality.

Can he do it? He hasn't done it yet, but he's certainly moved the story along pretty rapidly in a short period.

Over the past couple of years, the company has undertaken significant work at its flagship Kalahari Suture Zone project, deploying new technology to work up new geological models, none of which have yet to disprove the original thesis – that the KSZ may play host to a major Norilsk-style deposit.

For those not in the know, Norilsk is one of the biggest nickel and platinum group metals projects in the world, and while there are differences between it and KSZ, most notably in terms of depth, the geological similarities are striking.

That depth is an issue, though. If there is Norilsk-style mineralisation, it's likely be situated at between around 500 metres and 700 metres beneath the surface, down through significant cover of Kalahari sands, and on into bedrock.

Drilling something like that isn't out of the question for a junior miner, but it is out of the ordinary.

Not many companies would take it on, and even fewer would take on the challenge of keeping on going down deeper, to around 1,000 metres, where there may be yet another mineralised zone, this time with iron, copper and gold.

That kind of can-do attitude certainly marks Kavango out from the pack – at the KSZ the risks are bigger, but so are the rewards.

What might they be? That's impossible to say with any accuracy at this stage, but it's worth noting that the company built around Norilsk is one of the biggest in the world, and that the iron-oxide copper-gold mineralisation bears some similarity to the Olympic Dam, one of BHP's biggest and most valuable assets.

Kavango, then, is exploration done in style. Not for Turney and his team a few small-scale drillholes looking for a few grams of gold here or there in some near-surface vein or other.

At KSZ, it's all or nothing stuff, with the crucial caveat that with £3.5million in the bank, the company can really give it its best shot.

'We're going to put a lot of metres into the ground,' says Turney, matter-of-factly. That's all there is to it.

And there's no question the drilling will go ahead, never mind that sentiment in the exploration sector is poor.

In fact, the drills are already turning on one of the company's other projects, the Kalahari Copper Belt, where the broad aim is another discovery along the lines of the one Metal Tiger delivered not far away at T3 and eventually sold on at considerable profit.

Around 37,000 metres of drilling will go into the ground here, all told, and the results from that are likely to light up the sector's newsflow for months to come.

Turney reckons that if discoveries are to be made, actually it's more likely that one will occur on the KCB first.

That in itself would be a company maker. But a discovery on the KSZ could do even more – it could change the whole face of the mining industry in Botswana and southern Africa.

[the chairman elect] 02/11/2022 07:37

Yuval Cohen, Chief Executive of Firering, said:

"The Atex Lithium-Tantalum Project has consistently demonstrated potential to be Côte d'Ivoire's first lithium mine. Our partnership with Ricca will help to bring this to fruition and our combined expertise will support an accelerated exploration pathway. The investment by Ricca will reduce our funding risk through studies and towards production. The partnership also reduces capital costs and brings with it the support of a management team at Ricca with highly relevant recent experience developing a West African lithium asset.

"I believe that reaching this Agreement is a fantastic result for our and Ricca's shareholders, and provides a real opportunity for Firering and Ricca to fast track the Project, against a backdrop of surging demand for lithium. We are excited to work together, not only for the benefit of Ricca and Firering shareholders, but also for our stakeholders in Côte d'Ivoire."

Stu Crow, Chairman of Ricca Resources, said:

"Today's Agreement and strategic investment mark a pivotal moment in Ricca Resources' strategy to enhance, de-risk and diversify our portfolio into green commodities, particularly lithium.

"We are delighted to be partnering with Firering, which is now awaiting assay results following the recently completed 3,000m drilling programme that has identified visible spodumene. Working with Firering and applying proven lithium exploration methods, we will accelerate the advancement of the Project to identify a maiden resource to take through studies and develop.

"I'd like to thank our new partner Firering for providing us with the opportunity to be part of this compelling project. Our team brings extensive experience operating in West Africa, particularly in Côte d'Ivoire, and in lithium exploration and we, therefore, believe that the partnership can drive significant value for both companies.

"We look forward to playing our part in Côte d'Ivoire's first lithium project and working with the Firering team as we undertake grassroots exploration and move to define our resource."

[the chairman elect] 02/11/2022 07:35

Firering Strategic Minerals plc / EPIC: FRG / Market: AIM / Sector: Mining

US$18.6m Investment to Advance Firering Lithium Projects through to DFS Stage

Firering Strategic Minerals plc, an exploration company focusing on critical minerals, is pleased to announce that it has entered into binding and definitive agreements (the "Agreement") with Ricca Resources Limited ("Ricca"), an Australian diversified minerals company which was formerly part of AIM and ASX-quoted Atlantic Lithium Limited ( AIM: ALL, ASX: A11, OTC: ALLIF), to advance the Atex Lithium-Tantalum Project ("Atex") and the adjacent Alliance exploration licence (once granted) (together the "Atex and Alliance Lithium-Tantalum Projects", "AALTP" or the "Project") in Côte d'Ivoire.

Highlights

· Agreement entered into with Ricca to fund the advancement of the Atex Project and adjacent Alliance licence (once granted) in Côte d'Ivoire for up to US$18.6m

· Opportunity for Firering to fast-track the exploration of the Project and secure funding of its development pathway, including its maiden Mineral Resource Estimate ("MRE") and feasibility studies, in partnership with Ricca

· The Agreement will combine Firering and Ricca's shared exploration and in-country expertise to accelerate the resource definition and onward development of the Project towards production

· Côte d'Ivoire to benefit from the acceleration and development of its first lithium project in the prolific West African lithium pegmatite occurrences

· The total amount of US$18.6m paid by Ricca pursuant to the Agreement includes consideration paid to Firering, in particular:

o US$1m cash consideration; and

o US$0.6m of Ricca shares, which the Company plans to retain

o Ricca to complete a four stage earn-in of up to 50% of the Project through the funding of up to US$17m (current budget $US14.7m), with the aim of achieving a Definitive Feasibility Study ("DFS") on the Project.

· Beyond the US$17m expenditure to be spent to advance the Project, Ricca has agreed to fund a further US$2m (to take total expenditure to US$19 million) if the JORC inferred Mineral Resource Estimate ("MRE") surpasses 20Mt @ 1.0% Li2O.

· Any additional expenditure beyond the earn-in funding amounts to be spent on the Project will be funded equally between Ricca and Firering.

[the chairman elect] 01/11/2022 16:45

STOCK WATCH over @ LITHIUM play KODAL MINERALS / LSE:KOD

Bazza5211 Nov '22 - 10:33 - 9115 of 9120

hxxps://www.innovationnewsnetwork.com/meeting-increasing-lithium-demand-with-bougouni-project/26816/

encarter1 Nov '22 - 11:53 - 9117 of 9120

Good find. Looks like a deal is close.

[the chairman elect] 01/11/2022 09:10

Keep an eye on LSE:DELT who are about to drill the first of two GAS wells in the NORTH SEA with the super major FTSE100 SHELL

The rig is just about to be on the way....

[the chairman elect] 01/11/2022 09:08

Any thoughts on London listed bio tech play LSE:HEMO

[noirua] 01/11/2022 09:06

InvestorMeetLicensing deal with Stalicla SA
Clinical Programme update
October 2022


Evgen EVG - A Clinical Stage Drug Development Company
Focus on breast cancer, glioma, and other cancers SFX-01 has three molecular targets, STAT 3, Nrf2 and SHP2

[the chairman elect] 31/10/2022 10:50

London listed CYBERSECURITY play Darktrace / LSE:DARK

Good article & coverage in yesterday's Mail on Sunday..............

[the chairman elect] 31/10/2022 10:05

PLUS..London listed Firering Strategic Minerals / LSE:FRG - focusing on the production of critical minerals..

[the chairman elect] 28/10/2022 07:50

United Oil & Gas PLC / Index: AIM / Epic: UOG / Sector: Oil & Gas

ASH-4 well update

United Oil & Gas PLC (AIM: "UOG"), the growing oil and gas company with a portfolio of production, development, exploration and appraisal assets, is pleased to announce an update on the drilling of the ASH-4 development well ("ASH-4") in the Abu Sennan licence, onshore Egypt. United holds a 22% non-operating interest in the Abu Sennan licence, which is operated by Kuwait Energy Egypt.

Highlights

- Net pay of 20 metres interpreted in the targeted Alam El Bueib ("AEB") reservoir

- The well is expected to reach TD in the coming days, after which it will be tested and completed

ASH-4 Well

The ASH-4 development well, which spudded on 10 September, reached a depth of 3,956 metres MD on 24 October, in line with the pre-drill schedule and under budget. The well was drilled as a step-out development well into the ASH field. Initial logs have been acquired through the primary AEB reservoir target, with net pay estimated at 20 metres.

The well is expected to reach TD in the coming days, after which it will be tested and completed. It is then expected to be immediately brought onstream through the existing ASH facilities. On completion, the ST-1 rig is planned to move to the ASW-1X location (previously named ASF-1X) to commence the drilling of this high-impact exploration well, targeting c. 8 mmbbls gross recoverable resources.

United Chief Executive Officer, Brian Larkin commented:

"The ASH-4 well result marks a successful return to drilling on a prolific area of the Abu Sennan licence. Based on the initial petrophysical interpretation we expect that this well will deliver a material increase to current production levels. The updated technical information from this well, and the three other producing ASH wells coupled with the reprocessed seismic, is expected to further enhance our understanding of the field which will support the optimisation of the recovery of the material reserves and value. This provides further encouragement for the forthcoming exploration well and the remainder of our 2022 work programme."

[the chairman elect] 27/10/2022 17:05

LSE:HEMO

Sector = biotech

ashleyjv27 Oct '22 - 14:10 - 8207 of 8207

Do you ever get that feeling that other people know something you don't? I'm getting that feeling with HEMO today. 54 transactions, nearly all buys

[the chairman elect] 26/10/2022 11:20

Small cap stock watch - London listed Firering Strategic Minerals - LSE:FRG - focusing on the production of critical minerals

[the chairman elect] 26/10/2022 07:45

Bidstack Group Plc //// LSE:BIDS //// Strategy Update

Following the successful conclusion of its shareholders' meeting on 25 October 2022, Bidstack Group Plc (AIM: BIDS), the in-game brand activation platform, is pleased to share an update on its strategy for the accelerated growth of the business.

The Board is excited that the Group's increased focus on the US market is starting to create traction and its team is continuing to grow. The recruitment campaign focused on recruiting US-based sales, gaming and marketing professionals with significant experience in gaming, digital advertising and with local market knowledge is continuing and, following the announcement of Jude O'Connor (CRO) and Camila Franklin (COO), the team now comprises nine people.

As announced on 20 September 2022, the Directors' target of annual revenue from the US market of US$100m or more within the next three years is already starting to become visible and members of the US team are incentivised to provide these results.

Asia-Pacific is also becoming a key region which exhibits favourable market dynamics for gaming and advertising. Bidstack has appointed Motoki Kikuta (Regional Lead) based in Tokyo to capture the opportunity with local game developers and media agencies.

Bidstack's breadth of game developers continues to grow given new products, ad-formats and the acceleration of adoption of the Company's platform. This is reflected in several new commercial deals:

● Bidstack has signed with global mobile developer Outfit7 for its portfolio of games which have global reach and up to 470m monthly active users; and

● Bidstack now has a partnership with Unity as a Unity Verified Solution. The Verified Solution status has been rigorously tested and will see the Bidstack SDK featured on Unity platforms as a "best-in-class" monetisation solution for game developers.

Bidstack's technology and licensing business is also becoming a crucial pillar of growth for the future. This part of the Group's business has already achieved a number of enterprise agreements, including a contract to provide a leading Asia-Pacific mobile marketing technology company with the ability to white-label the platform, as announced on 11 July 2022. Since then it has signed a multi-year deal with metaverse franchise, SimWin Sports.

The Directors are pleased with the Group's technology and licensing business' pipeline of both demand and supply side customers wishing to license Bidstack's self-serve platform in non-core markets.

Bidstack is working to build a transparent, open marketplace which removes barriers to the growth of programmatic buying and selling in gaming environments. As demand for in-game advertising continues to grow in line with advancements in measurement and brand safety, Bidstack's product roadmap is expected to deliver the following items in 2023:

● Further SSP capabilities by expanding connections with enterprise partners and integrating new ad formats to scale inventory access; and

● Expanded data infrastructure to ingest third-party data sources for verification, viewability and attribution and reporting capabilities for audience activation and campaign optimisation.

As a consequence of these developments, Bidstack intends to undertake a comprehensive business review, specifically reassessing and renegotiating, where appropriate, both existing and new reseller engagements in all geographies in order to maximise the benefits of its contacts with developers, publishers, ad-tech vendors and media companies. This strategy is based on the Group's early evidence of its success in selling directly into North America and Japan.

Bidstack's has uploaded an investor presentation which can be found at www.bidstack.com/investors .

James Draper, Founder/CEO said:

"Bidstack has an aggressive growth strategy for 2023 and beyond. We are happy to share the new revenue streams the Group is exploring, including licensing our proprietary technology, empowering IP rights holders to control their brand activations in the virtual world and the expansion of our gaming 'SSP', which now houses all ad-formats within the gaming ecosystem.

"This is an exciting period where we are looking to accelerate our top line growth and look to cement our position as the dominant technology provider for game developers and platform owners for targeted, brand-based communications within gaming environments and applications."

[the chairman elect] 25/10/2022 11:25

London listed Botswana focused mining exploration play Kavango Resources / LSE:KAV

Ben Turney, Chief Executive Officer of Kavango, commented:

"Following yesterday's £3million strategic financing, I am extremely happy to welcome our second strategic investor into Kavango for an additional £500,000 investment.

With all the progress we've made across our portfolio over the last 12 months, this is an incredibly exciting time to be involved in this business.

We are now extremely well positioned to pursue our ambition of making multiple major metal discoveries in Botswana."

[the chairman elect] 25/10/2022 08:00

Deltic Energy Plc / Index: AIM / Epic: DELT / LSE:DELT / Sector: Natural Resources

Pensacola Drilling Update

Deltic Energy Plc, the AIM-quoted natural resources investing company with a high impact exploration and appraisal portfolio focused on the Southern and Central North Sea, announces that Shell UK Ltd ("Shell"), the Operator of Licence P2252, has indicated that the preparations are now underway to move the Maersk Resilient drilling rig to the Pensacola location and mobilisation is planned to occur in early November with the well expected to commence drilling in mid-November.

The Company looks forward to providing a further update when the rig is on site at Pensacola and drilling has commenced.

[the chairman elect] 24/10/2022 08:05

Ben Turney, Chief Executive Officer of Kavango Resources / LSE:KAV, commented:

"I am delighted to announce the successful completion of this £3million fund raising for Kavango, a transformational financing for the Company.

Supported by many existing shareholders and new investors, we are now empowered to drive forward a dramatic exploration programme across our portfolio. Our current key focus is on our Kalahari Copper Belt interests, where the drilling programme is underway.

We are now fully funded for our ambitious plans through 2023 and are in an excellent position to achieve our goal of becoming the leading minerals exploration company in Botswana."

[sweepie2] 24/10/2022 07:51

ValiRx PLC ("ValiRx" or the "Company")

Cytolytix Subsidiary Launched and IP License signed with Kings College London

London, UK - ValiRx Plc (AIM: VAL), a life science company focusing on early-stage cancer therapeutics and women's health, announces today the formation of a new partially-owned subsidiary company, Cytolytix Limited ("Cytolytix"), and that Cytolytix has signed an IP License Agreement with King's College London ("KCL").

Cytolytix has been established to progress the triple negative breast cancer project, CLX001, through preclinical development to a stage of readiness for clinical trials. CLX001 is a peptide in a nanoparticle formulation that has initially been developed for treatment of triple negative breast cancer, with potential for disease expansion into ovarian and other difficult to treat solid tumour cancers. CLX001 is designed for precision destruction of cancer cells to avoid excessive side effects. The novel mechanism of action allows for broad application across various cancers as it targets the tumour micro-environment and does not require specific cell markers or specific gene mutations for activity.

ValiRx holds 60% of the shares in Cytolytix. The remaining 40% is split between King's College London (20%), and the two academic inventors of CLX001, Martin Ulmschneider and Charles Chen (the "Inventors"). Under the IP License, ValiRx will provide the necessary funding to Cytolytix for further preclinical development of the technology. The IP License also covers milestone and royalty payments between the parties, should the project be sub-licensed in the future.

As the major shareholder, ValiRx will lead the development of CLX001 with oversight provided by the Cytolytix Board, which comprises representative from ValiRx, KCL and the Inventors.

ValiRx CEO, Dr Suzy Dilly commented "I am really pleased to announce the launch of Cytolytix today. This project is the first output of the strategy we launched in 2020 to bring new academic projects into our pipeline and is an excellent example of the innovative science being carried out in university departments. Expanding our pipeline with CLX001 is an important step towards diversifying our pipeline and ensuring innovative R&D remains the foundation of our Company."

[the chairman elect] 24/10/2022 07:50

Petrel Resources Plc (LSE:PET) is pleased to announce that the company has arranged a placing with Monecor (London) Ltd trading as OvalX to raise £250,000 (before expenses) via the issue of 20,833,333 new ordinary shares (the "Placing Shares") at a placing price of 1.2p per Placing Share. Each Placing Share has one warrant attached with the right to subscribe for one new ordinary share at 1.8p per new ordinary share for a period of two years.

Use of Funds

The proceeds of the placing will provide the company with additional working capital, as Petrel's board continues to assess new projects in Iraq, and advance its Ghanaian interests.

Petrel had previously conducted a Technical Cooperation Agreement on the Merjan oil-field in west-central Iraq, in a 50% partnership.

Following the steadily improving security conditions in this part of Iraq, and increasing global oil and gas prices, Petrel had proposed to develop this discovery under applicable Iraq contracts.

Post-election delays frustrated our efforts to advance this project, but as of October 2022 a new administration is being formed.

Accordingly, Petrel expects to enter into pre-qualification discussions with the Ministry of Oil. Discussions may cover Petrel's past studies on the Merjan-Kifl-West Kifl area, and the Mesozoic and Paleozoic potential of the Western Desert.

Following a hiatus due to the C-19 pandemic and the temporary absence of the farm-out market for oil & gas projects, Petrel is again in discussion with the Ghanaian authorities on ratification and development of its Tano acreage.

Directors and Secretaries Holdings

John Teeling and James Finn have participated in the placing on the same terms



David Horgan, Director, commented:

"The supply/demand balance for oil is shifting in Iraq's favour. The dramatic growth in North American fracked output between 2005 and 2014 is no longer a concern for OPEC exporters. Sanctions on Russia, Iran and Venezuela had constrained the early development of their resources, while demand has returned to pre-pandemic levels - particularly in Asia."

"The new Iraqi Government plans to streamline contract awards and fiscal terms so as to deliver increased output for Iraq's economic development. We have the team, experience and skills to participate in the coming boom".

[noirua] 21/10/2022 09:28

EVG Evgen Pharma is recovering quickly!

Noirua - 13 Oct 2022 - 08:33:52 - 11842 of 11854 TOP TRADERS THREAD for PROFESSIONALS ONLY!!!! - CR
Increased holding in EVG by 60% at 4.97p average. The overall average price bought is 5.45p so a long way to go as yet.

[the chairman elect] 20/10/2022 07:40

KAVANGO RESOURCES PLC //// LSE:KAV

KCB - drilling update

Botswana focussed metals exploration company Kavango Resources plc (LSE:KAV) ("Kavango") is pleased to announce an operational update from the Company's Kalahari Copper Belt ("KCB") project area.

Following interpretation of results from the ongoing Controlled Source Audio Magnetotelluric ("CSAMT") surveys (announced >>> 12 October 2022), Kavango's exploration team has decided to complete the holes in the current drill campaign at PL082/2018 using diamond drilling. Each hole will now first be drilled with a reverse circulation 'pre collar' and then completed with a diamond 'tail'.

The multipurpose rig can be used for both reverse circulation and diamond drilling equipment. The latter is now being mobilised to site.

Diamond drilling will enable Kavango to test properly the interpretation of the CSAMT data to target depth and retrieve drill core samples to evaluate the target lithology, structure, alteration, geochemistry and mineralization.

Hole KCBRC001 has been pre-collared to 153m using reverse circulation drilling and the multipurpose rig has been moved to the site of Hole KCBRC002.

KCBRC002 will test the Northern Zone target, which is an 8km long soil sampling copper anomaly that coincides with the edge of a magnetic high, which Kavango believes could represent a fault.

Kavango has interpreted the CSAMT inversion over KCBRC001 & KCBRC002 to indicate the presence of the crucial D'Kar/Ngwako Pan formational contact within 150m-300m of surface. This formational contact is the primary control for economic copper-silver deposits across the Kalahari Copper Belt. Kavango is keen to test its interpretation of the CSAMT results with diamond drilling to (i) prove that the inverted CSAMT data is effective in identifying the D'kar/Ngwako Pan contact, (ii) to verify interpreted fault structures, and (iii) determine if these targets are mineralized.

Jeremy S. Brett, Senior Geophysical Consultant to Kavango Resources, commented:

"The CSAMT survey is providing a potential breakthrough in the Kalahari Copper Belt for Kavango. We are fortunate to be able to test this immediately with drilling.

The CSAMT data over 3 test lines has been inverted and interpreted to show the contact between the D'Kar and Ngwako Pan formations, which is the main target horizon in the KCB.

A very high degree of resolution has been achieved with the inversions on the known folding in the belt, and has verified Kavango's hypotheses on variable wavelengths of the folds and brittle fault accomodations within the fold patterns to accomdate strain. The faults are postulated to have acted as conduits for mineralizing fluids, that could host deposits where they intersect the D'Kar / Ngwako Pan contact.

The results from the CSAMT inversions are providing us with estimated depths for the D'Kar / Ngwako Pan contact in the range of 150m to 300m from surface. This has led to the decision to switch to diamond drilling, in order to reach target depths with confidence and return drillcore for analyses."

Next Steps:

The northernmost CSAMT Line 4A is currently completed on Kavango's ground and the geophysical team is ready to deploy across the part of Sandfire's ground that hosts the Kronos deposit. This calibration point for the CSAMT survey is expected to confirm the signature for the D'Kar / Ngwako Pan contact .

Kavango had mobilised a multipurpose rig to give maximum operational flexibility as the drill campaign progressed. The ability to switch between reverse circulation and diamond core drilling is a strength of this programme and the Company is now able to take full advantage of this. The results of the CSAMT survey necessitate the switch to diamond drill core in order to test the interpreted contact between the D'Kar and Ngwako Pan rocks, which is the critical target horizon in the KCB.

Kavango has now decided to pre-collar its current planned holes on PL082/2018 with cost-effective reverse circulation drilling and then to return to each of them to complete with the diamond tails. The Company's expectation is that the core samples will provide valuable geological data that confirms the presence of the crucial D'kar/Ngwako Pan formational contact in Kavango's licence area and, hopefully, copper-silver mineralisation.

Further information in respect of the Company and its business interests is provided on the Company's website at www.kavangoresources.com and on Twitter at #KAV.

[the chairman elect] 17/10/2022 14:30

Looks like a 50% FIB retracement from the most recent highs /// FIB buying opportunity @ EML