Herencia Resources Share Discussion Threads

[thrgef] 16/12/2019 20:13

Perhaps the vote was unsuccessful? Strange silence. Anyone any ideas?

[alasparavolar] 08/12/2019 21:03

Price of copper going up.

[thrgef] 08/12/2019 20:11

Yes, 1000 to 1 consolidation with new shares allocated on Weds. Will be interesting to see the share price - I feel there must be some new news in the offering as well, otherwise the price decline and the share dilution will happen all over again

[martyn9] 27/11/2019 18:21

Consolidation of shares to be proposed at the egm, 1000 shares held to convert to 1 share!!!

[caw1965] 18/9/2019 14:29

spoke to barclays yesterday to ask about what happens if Hers relist....they said they will send me the paper certificates and I could re register them if they do...
anyone know if this is correct ??

[steeplejack] 28/8/2019 10:30

A truly awful company even by the degraded standards of AIM.

[darrenward] 27/8/2019 16:02

Is that all the shares cancelled?

[fillipe] 27/8/2019 12:07

Sadly, yet another one of mine....grrrr.

f

[martyn9] 01/8/2019 13:10

Another $3000,000 down the plug hole!!!

[skiboy10] 24/2/2019 13:49

Kavango’s Mike Moles on how firm’s new tech could mark a ‘major step forward’ in Botswana (KAV)

Kavango Resources (LSE:KAV) rose 1.9p on Monday after revealing the imminent launch of its next phase of airborne electromagnetic (AEM) surveying over Botswana’s Kalahari Suture Zone (KSZ). Importantly, the company also revealed that it has contracted a high-power new technology to carry out the work. It expects this to ramp up the speed at which it can highlight potential copper, nickel, and PGE mineralisation in the area dramatically. Speaking exclusively to MiningMaven, Kavango’s exploration director Mike Moles told us the significance of this development and how it could help the company in its quest to identify Norilsk-like mineralisation at the KSZ.

Surveying targets

In Monday’s update, Kavango announced that it has now mobilised the second phase of its AEM survey. The work is being carried out over the business’s 15 prospecting licences in Southwest Botswana. Much of this sits on the KSZ, which is a highly-prospective, 450km2-long magnetic anomaly.

Kavango hopes to identify massive sulphide orebodies containing vast amounts of nickel, copper, and platinum group elements beneath the KSZ’s surface. Mining consultant MSA Group has backed the potential presence of these deposits on the KSZ, which was first explored in the 1980s and 1990s. Meanwhile, Kavango has suggested that the area has a similar geological setting to the giant Norilsk copper/nickel deposits in Siberia.

The airborne EM survey is the first stage in the company’s efforts to identify these sulphide orebodies. It detects and prioritises potential locations for these deposits, which Kavango can then follow up with more detailed groundwork and drilling.

Flying for the second phase of the survey is expected to begin later this month, with the first phase completing at the end of last year. It will take between four to six weeks to complete and will cover up to 2,062 line-kilometres in the Hukunstsi area of Botswana.

The highlight of Monday’s announcement was the news that Kavango has contracted the services of a leading airborne geophysical survey player called SkyTEM for its latest phase of work. SkyTEM offers a ground-breaking, high-power surveying system that has been optimised to reach a depth of up to 300m below the earth’s crust.

It reaches these depths by using a high current and low base frequency of 12.5hz. According to Kavango, the technology has not been used in Africa before and is more effective than the older systems currently on the market.

Increasing efficiency

Moles tells us the technology will allow Kavango to investigate for orebodies at a much deeper level and with higher resolution than it was able to in the first phase of its survey.

The company identified 26 conductive anomalies over 2,000 line-km of the KSZ project during this stage of work. However, the technology used did not penetrate deep enough beneath the surface. As such Kavango was unable to tell which anomalies were low priority near-surface conductors like clays and shales and which went much deeper.

In layman’s terms, the deeper an anomaly is, the more likely to be prospective for mineralisation. This makes it a higher priority drilling target for Kavango. As such, the firm was forced to carry out groundwork on all 26 targets to determine whether they were worth following up. Moles tells us this was a difficult task that took longer than expected to complete.

He believes the new technology will make it much easier for Kavango to differentiate between the two types of anomalies.

‘We will immediately be able to see which conductors have a depth component to them and represent high priority targets. Likewise, it will be much easier for the business to identify and ignore those surficial conductors that are very often just clays and other conductive materials that lie within the first 50-60m below the surface,’ he told us.

‘The technology we contracted in Phase One used a much higher frequency and was not getting deep enough to differentiate between the shallow and deep targets. If we had SkyTEM’s technology back in September when we launched the campaign, we could have reduced the number of conductors worth following up from 26 to about six or seven straight away. Using our new approach, we should be to turn over these conductors much more quickly in Phase Two.’

To assess the effectiveness of SkyTEMS’ technology, Moles told us that Kavango also plans to run lines over some of the areas it surveyed in Phase One and compare results. However, he tells us he is already very confident that the results will be positive:

‘We are confident that this new technique will work. A huge amount of test work has been completed in the past to demonstrate its effectiveness. We think it will represent major step forward in our exploration strategy.’

If Moles’ confidence translates into results this could prove to be highly significant for £2.5m valued Kavango. Since listing last summer the company’s story hasn’t attracted a great deal of attention, despite the progress it has made on the ground. Exploration plays can be extremely racey stocks and with the size of target Kavango is going for, the deployment of the new technology could give it just the edge it needs.

Author: Daniel Flynn

The Author does not hold any position in the stock(s) and/or financial instrument(s) mentioned in the piece.
The Author has not been paid to produce this piece by the company or companies mentioned above.
Catalyst Information Systems Ltd, the owner of MiningMaven.com, has not been paid for the production of this piece by the company or companies mentioned above.
MiningMaven.com and Catalyst Information Systems Ltd are not responsible for its content or accuracy and do not share the views of the author. News and research are not recommendations to deal, and investments may fall in value so that you could lose some or all of your investment. Past performance is not an indicator of future performance

Published in: Blog, on: 22 January 2019

[zen12] 08/11/2018 16:28

Monies until end of Oct, funding news must be imminent as they are still trading?

[excellance] 19/9/2018 16:20

New projects to be announced, presumably new directors and new finance also.

Interesting.

[martyn9] 13/9/2018 13:25

Hi stock, i'm ok thanks and still kicking!! i hope your keeping well.Yes the usual shambles continues with these cowboys.Buyers be warned.

[stockready] 12/9/2018 17:21

GS needs to come and answer people, he is the one who ruined this company
nice people like Corbin believed that idiot and I always said don't trust this dummy, and I was right,
he screwed the company and left

sad

[stockready] 12/9/2018 17:20

those crooks are still doing this company after GS left,
there is no hope here and no future, don't waste your time
Martyn how you doing mate?

hope all good with you

[sibeks] 03/8/2018 19:20

Delighted to see them trading again

[excellance] 03/8/2018 13:28

so....the company survived!

trading resumed on the markets...

refinanced for a few months.

now what?

[excellance] 23/7/2018 17:12

Refinanced, new directors, bad eggs removed from the team...

HER still pursuing copper assets but the Base metals markets are dire at the moment...if only they could accidentally discover a bit of gold!

What hope has this newly reshaped company got now?

[sibeks] 29/6/2018 19:30

Temporary suspension of trading...........