Kavango Resources Share Discussion Threads

[skiboy10] 30/4/2019 15:07

-- Approximately 1,000m of drilling has now been concluded at the Ditau prospect where indications of high cobalt and elevated copper, nickel and zinc values have been identified; assays are eagerly awaited.

[skiboy10] 30/4/2019 15:06

30 April 2019

KAVANGO RESOURCES PLC ("KAVANGO" OR "THE COMPANY")

Results for year ended 31 December 2018

Kavango Resources plc (LSE: KAV), the exploration group listed on the Standard List segment of the main market of the London Stock Exchange and targeting the discovery of world class mineral deposits in Botswana, is pleased to present its audited financial statements for the year ended 31 December 2018. The full report is available on the Company's website at www.kavangoresources.com.

KEY HIGHLIGHTS

-- Total assets - US$3.4M (2017 US$ 2.9M).
-- (Loss) Income - (US$755,307) (2017 - US$126,955).

-- The Group reports its results in US Dollars (USD). Its primary assets are in Botswana and are accounted for in Botswana Pula (BWP). Kavango Resources plc accounts for fundraisings in Pounds Sterling (GBP). In 2018 the BWP and GBP depreciated approximately 8% and 6% respectively against the USD which produced a net foreign exchange loss of US$221,065.

-- The entire issued ordinary share capital of the Company was admitted to the Standard List segment of the Official List of the UK Listing Authority and to trading on the Main Market for listed securities of the London Stock Exchange ("Admission") on 31 July 2018 under the TIDM (Stock Code): KAV.

-- On Admission, completion of a placement of 60,000,000 ordinary shares at 2.5p/share to raise GBP1,500,000 (before expenses); on 12 March 2019 a further placement of 26,785,713 ordinary shares at 2.8p/share to raise GBP750,000 (before expenses) was completed.

-- Over 4,000 line-kms of airborne electromagnetic surveys have been concluded over the Company's prospecting licences, which cover an area of approximately 9,000km(2) in south west Botswana.

-- Approximately 1,000m of drilling has now been concluded at the Ditau prospect where indications of high cobalt and elevated copper, nickel and zinc values have been identified; assays are eagerly awaited.

Michael Foster, Chief Executive Officer of Kavango Resources, commented:

"We are pleased to announce our audited financial statements for the year ended 31 December 2018, our first since listing on the London Stock Exchange (Standard List segment) on 31 July 2018. Our mineral exploration activities in Botswana are on target having already achieved several significant milestones in this short period. They include completion of the airborne electromagnetic survey over a large part of our Kalahari Suture Zone (KSZ) Project, an area of 9,231km(2) of prospecting licences in the southwest of the country, and completion of 1,000m of drilling over some exciting base metal anomalies at the Ditau prospect, which is part of the KSZ Project. Results are eagerly awaited and will be announced as they become available. We look forward to an exciting programme of exploration in 2019."

The Chairman's Statement and Results are set out in the following pages.

Contacts


Kavango Resources plc
Michael Foster [phone]
[e-mail]

City & Westminster Corporate Finance LLP [phone]
Nicola Baldwin


SI Capital Limited (Broker) [phone]

Nick Emerson / Alan Gunn

[skiboy10] 30/4/2019 15:06

30 April 2019

KAVANGO RESOURCES PLC ("KAVANGO" OR "THE COMPANY")

Results for year ended 31 December 2018

Kavango Resources plc (LSE: KAV), the exploration group listed on the Standard List segment of the main market of the London Stock Exchange and targeting the discovery of world class mineral deposits in Botswana, is pleased to present its audited financial statements for the year ended 31 December 2018. The full report is available on the Company's website at www.kavangoresources.com.

KEY HIGHLIGHTS

-- Total assets - US$3.4M (2017 US$ 2.9M).
-- (Loss) Income - (US$755,307) (2017 - US$126,955).

-- The Group reports its results in US Dollars (USD). Its primary assets are in Botswana and are accounted for in Botswana Pula (BWP). Kavango Resources plc accounts for fundraisings in Pounds Sterling (GBP). In 2018 the BWP and GBP depreciated approximately 8% and 6% respectively against the USD which produced a net foreign exchange loss of US$221,065.

-- The entire issued ordinary share capital of the Company was admitted to the Standard List segment of the Official List of the UK Listing Authority and to trading on the Main Market for listed securities of the London Stock Exchange ("Admission") on 31 July 2018 under the TIDM (Stock Code): KAV.

-- On Admission, completion of a placement of 60,000,000 ordinary shares at 2.5p/share to raise GBP1,500,000 (before expenses); on 12 March 2019 a further placement of 26,785,713 ordinary shares at 2.8p/share to raise GBP750,000 (before expenses) was completed.

-- Over 4,000 line-kms of airborne electromagnetic surveys have been concluded over the Company's prospecting licences, which cover an area of approximately 9,000km(2) in south west Botswana.

-- Approximately 1,000m of drilling has now been concluded at the Ditau prospect where indications of high cobalt and elevated copper, nickel and zinc values have been identified; assays are eagerly awaited.

Michael Foster, Chief Executive Officer of Kavango Resources, commented:

"We are pleased to announce our audited financial statements for the year ended 31 December 2018, our first since listing on the London Stock Exchange (Standard List segment) on 31 July 2018. Our mineral exploration activities in Botswana are on target having already achieved several significant milestones in this short period. They include completion of the airborne electromagnetic survey over a large part of our Kalahari Suture Zone (KSZ) Project, an area of 9,231km(2) of prospecting licences in the southwest of the country, and completion of 1,000m of drilling over some exciting base metal anomalies at the Ditau prospect, which is part of the KSZ Project. Results are eagerly awaited and will be announced as they become available. We look forward to an exciting programme of exploration in 2019."

The Chairman's Statement and Results are set out in the following pages.

Contacts


Kavango Resources plc
Michael Foster [phone]
[e-mail]

City & Westminster Corporate Finance LLP [phone]
Nicola Baldwin


SI Capital Limited (Broker) [phone]

Nick Emerson / Alan Gunn

[2prsimo] 30/4/2019 11:54

Ouch - some heavy selling there - boredom or somebody in the know

[skiboy10] 24/4/2019 19:57

Apr 23, 2019 - 01:18 pm

Volkswagen joins blockchain for cobalt supply

Volkswagen has joined an industry initiative for responsible purchasing of strategic minerals, especially cobalt. Blockchain technology is to help to improve efficiency, sustainability and transparency in global and complex supply chains.

The cooperation gives members of the responsible sourcing network a better insight into the origin of cobalt, which is in high demand for its use in lithium-ion batteries that power electric vehicles among other devices. According to a report from Morgan Stanley, demand for cobalt is expected to multiply eightfold by 2026. Currently, a typical electric car battery requires around 9 kg of cobalt, while the average laptop requires about 28 grams of the mineral.

The blockchain group was formed in January of this year and intended to run a pilot built on the IBM Blockchain Platform and powered by the Linux Foundation’s Hyperledger Fabric. Blockchain technology is used to trace and validate ethically sourced minerals, making it possible to detect the origin of minerals while being transparent for all companies in the supply chain. The RCS Global Group has validated the network for compliance with responsible sourcing standards such as those set by the OECD. Members can access and supplement “secure and unalterable data” to track and record mineral pathways in near real time.

From mine to factory: Volkswagen makes supply chain transparent

Volkswagen will be joining the ranks of companies such as Ford Motor Company, Huayou Cobalt, IBM, LG Chem and RCS Global. Moreover, the blockchain network includes not only end users but also mines and other production partners along the way.

The pilot will end by the middle of this year after which supply chain networks will be encouraged to join the initiative. The platform is built to allow interested parties of all sizes and roles in the supply chain. Also, the operators expect to extend the Blockchain beyond cobalt into other battery metals and raw materials, as well as rare earth.

[skiboy10] 24/4/2019 13:49

24th April 2019BMW turns to ethical cobalt supplyGerman automaker BMW will purchase the fundamental battery metal cobalt directly from mines in Australia and Morocco to ensure they are not produced by child labour, according to an executive.The announcement came as the London Metal Exchange launched an initiative under which it could ban or delist brands that are not responsibly sourced by 2022 to help root out metal tainted by child labour or corruption.Andreas Wendt, BMW board member responsible for procurement, told a briefing in Paris that the new supply of cobalt would be used in the carmaker's next generation of EVs in 2020.The trend for supply chain transparency and responsible procurement follows reporting cobalt and other conflict minerals are typically mined in artisanal operations across the DRC where production is not strictly monitored.Source: share price Angel - Morning View

[skiboy10] 24/4/2019 13:44

Yes news on various fronts including drilling at Ditau [which forms part of the KSZ project in Botswana] should be due shortly although assay results are likely to take longer as there is much to do on that front!

[catsick] 24/4/2019 10:51

Been a month since the drill update, we need to get assay results and and indication of what they are pulling out of hole 2 asap ....

[skiboy10] 23/4/2019 18:44

Since then

The first hole encountered a 200 metre zone of intensely altered rock above the conductive drill target and exhibits significant sulphide alteration together with indicative cobalt values of up to 0.9% and a weighted average of 0.2% cobalt over 70 metres as well as elevated copper, zinc, lead and nickel values*.

I'm looking forward to the certified assays from hole one and I'm guessing hole two shouldn't be too far behind.

[skiboy10] 23/4/2019 18:43

This was from back in May 2018 pre-IPO. What are the odds they are talking seriously with bigger companies since the excellent preliminary drilling news last month?

“So you are pretty excited about the potential of this project Mike?”

“Oh absolutely yes. I think it is very exciting. Look it’s not without its risk. There is obviously a chance that there is absolutely nothing there at all but it has all the right addresses. The similarity between the Norilsk type model and what we discovered to date would suggest to us there is a very good chance of discovering massive sulphide deposits. I think the other thing that’s also good it that this is a huge huge body. It’s a huge system and generally in geology the bigger the system the bigger the deposit is likely to be so we are very upbeat about it.’

“Have you seen much interest externally in Kavango Resources?”

“There are a number of people who are watching us very closely. Some of the big companies have been very interested in what we are doing. We are not interested at this stage in doing a deal with a big company because we would not get value for it at this point in time. We need to identify a big deposit first and then I think we would be very keen to talk to some of the bigger companies. At the moment we are talking, we have been talking to some of the big companies who have shown some interest in us but we would prefer at this stage to keep going alone until we make a substantial discovery”.

[greatfull dead] 23/4/2019 14:28

Move to the Sky. Not stratospheric, that is to come.

The 5 Laws of Stratospheric Success

hxxps://elitemarketingpro.com/blog/the-5-laws-of-stratospheric-success/

GLA,
GD

[skiboy10] 23/4/2019 14:16

When we get some solid certified assays this could really move

[skiboy10] 23/4/2019 14:14

Couple of buys and we're blue!

[jone06] 17/4/2019 22:20

Hopefully we will get the assay results in the next few weeks. Yes there methodology is a giant step forward

[skiboy10] 17/4/2019 14:18

The great thing about the KAV approach to exploring from what I can see at Ditau which forms part of the KSZ project in Botswana is that they only need to on average drill 2 to 4 holes prior to demonstrating that there is something really rather interesting down there. This has led to speculation that one of the approaches that KAV could take would be to shortly follow up with some MAJORS regarding a serious drilling campaign of say 25 to 50 holes? at Ditau on an "earn in" basis.Then repeat the process on other prospects on the huge KSZ licence area.

[discodave4] 16/4/2019 22:50

Nortic 007 is a troll, beware.Oops wrong board

[greatfull dead] 10/4/2019 13:16

Not wishing my life away, roll on month end. Confident the laboratory assay results will light up the sky...

GLA,
GD

[jone06] 09/4/2019 20:36

Formal assay results from both holes will give the share price a boost. I think they were super excited with the first hole, understandably so, but markets need assays. Spread is still massive which is good for the LTH

[skiboy10] 09/4/2019 16:16

I think there's a good chance Bungee yes.

Cores from hole one should be back by month end. Not sure if we'll get an interim update about hole two or maybe those cores will go straight to the lab in AUS to be assessed.

News on the AEM surveys also due. Lots to be excited about though I realise these things can all take time including the QA etc. I wonder if they will issue the results of the surveys AFTER the drill results (particularly if the results are good). Then it'll be a case of 'check out these drill results! And by the way we have x number of additional drill targets like this one on our monster licence area.'

We are very much under the radar still which I quite like for the time being.

[bungeetrader] 09/4/2019 08:15

All gone a bit quiet.
The calm before the storm.....?

[catsick] 05/4/2019 08:36

Lets have some tweets of some cores of almost solid nickel , they should be done drilling hole 2 now, it looks like the plan was only to drill 333m , I think they should already be planning the next drill campaign with drilling equipment that can get right to the bottom of things ....

[greatfull dead] 04/4/2019 19:13

Thanks Skiboy.

ATB,
GD

[skiboy10] 04/4/2019 18:27

Quick recap of where we're at

- Success on first drill despite not reaching the target Cobalt 0.2% average over 70m up to 0.9%. Assays pending.
- Second drill ongoing 1.8km away on same prospect at Ditau. Should be near target depth now.
- Looks as though their business model and unique soil sampling exploration technique is being validated due to immediate success
- If Ditau Prospect proves economic it's just the first of many drill targets. Structure is 7km by 5km.
- 50% of the near 10,000 sq. km. licence area has been flown now - the second 25% with new HM (High motion) mode AEM survey providing exceptional depth of investigation - these results are due soon and should provide more drill targets
- Potential for a world class mine(s)similar to Norilsk in Siberia or Olympic Dam in Australia
- Low market cap at 5M
- Low free float of shares
- Experienced management with successful track records hold approx 30%
- Fully funded for 12 months +