Kavango Resources Share Discussion Threads

[catsick] 03/5/2019 11:40

At 35000 usd a ton , .2% for a pittable resource is more than ok without any credits , now consider that if the cobalt is there then close by all the other elements will also be concentrated and you have a very interesting prospect

[greatfull dead] 03/5/2019 11:33

Looking like a good finish for the bank holiday.

Enjoy all,
GD

[skiboy10] 03/5/2019 11:29

Cashandcard - cobalt is economic at 0.1% not 1%

[cashandcard] 03/5/2019 10:41

catsick,


This looks interesting, but returning values of significantly less than 1% cobalt. To what extent will other metal credits have to make up the difference between marginal and economic deposits?


Cash

[jone06] 02/5/2019 20:45

So all good in the hood, update on geophys surveys next week and assays on both holes end of month.

I guess all +/- a week or two.

He was challenged on why they have not updated the market on the second drill site findings I half think that they realised than it made no difference to the share price so may as wait until the assay results.

sit tight

[greatfull dead] 02/5/2019 18:43

All in place... Majors IMHO will try to get a controlling interest once assay results are released. That's assuming they will be as good as I think they will be...

GLA,
GD

[skiboy10] 02/5/2019 18:16

Michael Foster mentioned testing for gold in the interview today. This would back up Mike Moles' earlier thoughts on an 'Olympic Dam type structure' Iron-Oxide-Copper-Gold or (IOCG) rather than Norilsk Cu-Ni-PGE?

Either way it's 'a big system'.

Also unlike drill one which did not reach target depth they hit their target on the second drill and went out the other side.

[catsick] 02/5/2019 15:03

Very interesting interview, he is not a very good poker player, he could not hide he is talking closely with the majors when asked... we have to wait to the end of the month when we should get 2 sets of assays and a funding jv deal too would be my bet ....

[skiboy10] 02/5/2019 14:51

Kavango Resources' Michael Foster updates as second Ditau hole completed09:46 02 May 2019Michael Foster, chief executive of Kavango Resources PLC (LON:KAV), caught up with Proactive London's Andrew Scott following the release of their 2018 results this week.Foster confirms two holes have now been drilled at their Ditau prospect and have been sent off for assay.Meanwhile more than 4,000 line-kilometres of airborne electromagnetic surveys have been carried out over its prospecting licences, which cover around 9,000 sq km in south west Botswana.https://youtu.be/3wpmn8M8wtE

[skiboy10] 02/5/2019 14:51

Kavango Resources' Michael Foster updates as second Ditau hole completed09:46 02 May 2019Michael Foster, chief executive of Kavango Resources PLC (LON:KAV), caught up with Proactive London's Andrew Scott following the release of their 2018 results this week.Foster confirms two holes have now been drilled at their Ditau prospect and have been sent off for assay.Meanwhile more than 4,000 line-kilometres of airborne electromagnetic surveys have been carried out over its prospecting licences, which cover around 9,000 sq km in south west Botswana.https://youtu.be/3wpmn8M8wtE

[skiboy10] 02/5/2019 04:36

Does this mean holes 3 and 4 are on hold whilst talks are ongoing? Why spend our own cash when a third party can?

Proposed work programme for 2019

During the first half of 2019, the Company will focus on modelling and interpretation of the extensive geological, geochemical and geophysical information now available for the exciting Ditau prospect. An assessment of the Ditau's potential will be made ahead of further work.

[skiboy10] 02/5/2019 04:22

I think the speculation regarding JVs and majors is totally justified given the preliminary partial results of holes one and two, the size of the prospect and that Mike Moles said this in May 2018 pre-IPO.


“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 think 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”.

[catsick] 02/5/2019 01:59

I would tend to agree with that report, I would guess that what explains their behavior is that after the first rns they have had a lot of farm in/jv interest from majors who would require the assay results from the first two holes prior to signing and they have been told to keep the market updates to the absolute bare minimum, I am guessing they give 25pct of the asset away in exchange for funding of a major 10,000m plus drill program costing around 10m usd. Either that or everything has been disappointing but that does not explain downplaying what seems to be good news hidden in the annual report...Very interesting and the lowly market cap and lack of noise is odd .... at worst its a coin toss, I have about 1% of the company now so I hope it comes up heads ....

[skiboy10] 01/5/2019 03:55

Cross section of Ditau and the first two hole locations and also holes three and four yet to be drilled

[skiboy10] 01/5/2019 03:53

And this is the only first two drills on the first prospect on licences covering over 9,000 sq. km.There can't be many stocks with better upside from a 5M cap listed on the main market and funded for 12 months.

[skiboy10] 30/4/2019 23:22

Kavango Resources looks ahead to “exciting” 2019 following busy start to life as a listed company

15:41 30 Apr 2019

The company, which is on the lookout for minerals in Botswana, has barely paused for breath since joining the London Stock Exchange last summer


Kavango bosses think the next 12 months could be even busier

Botswana-focused minerals explorer Kavango Resources PLC (LON:KAV) is looking ahead to an “exciting” 2019 following a “very busy” nine months or so since going public.

The company only joined the standard segment of the London Stock Exchange at the end of July, but it has already achieved “several significant milestones”, said chief executive Michael Foster.
WATCH: Kavango encouraged by results from first hole at Ditau

Over 4,000 line-kilometres of airborne electromagnetic surveys have been carried out over Kavango’s prospecting licences, which cover around 9,000 sq km in south west Botswana.

Around 1,000m of drilling has also been completed at the Ditau prospect, which has so far indicated the presence of high cobalt and elevated copper, as well as copper, nickel and zinc values.

Kavango said assays from the latest drill programmes are “eagerly awaited” and will be announced as they become available.

In terms of the financials, the company ended the 2018 with US$3.4mln of cash on hand (2017: US$2.9mln), boosted by the US$2.0mln (£1.5mln) it raised as part of its initial public offering.

Exciting programme planned for 2019

That figure is likely to be even healthier following the raising of a further US$1.0mln (£0.75mln) last month (March).

The annual loss widened to US$755,300 (2017: US$127,000) reflecting the

“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 on 31 July 2018,” said CEO Foster.

“We look forward to an exciting programme of exploration in 2019.”

[skiboy10] 30/4/2019 17:19

Proposed work programme for 2019

During the first half of 2019, the Company will focus on modelling and interpretation of the extensive geological, geochemical and geophysical information now available for the exciting Ditau prospect. An assessment of the Ditau’s potential will be made ahead of further work.

At the same time, the Company is expecting imminent results from the AEM survey on the northern part of the KSZ.
The targets will be followed up on the ground with CSAMT surveys and/or geochemistry to delineate in more detail locations of conductors ahead of drilling.

[skiboy10] 30/4/2019 16:59

From Kavango Twitter

Both holes encountered very intense alteration and deformation of the Karoo age rocks, which lie above a mafic intrusive (gabbro), which is almost certainly the source of the magnetic and gravity anomaly. #KAV
8:10 AM · Apr 30, 2019 · Twitter Web App

2/3
The alteration in the Karoo sediments appears to be in excess of 300m thick whilst the alteration penetrates into the gabbro for at least another 75m. #KAV
Kavango Resources
@KavangoRes

3/3
Iron and copper sulphide mineralisation is present throughout the altered Karoo sediments and the gabbro. Indicative cobalt mineralisation has been identified in both holes (portable XRF analyses). #KAV

[jone06] 30/4/2019 15:42

What is new is the 1000m of drilling, great progress. I was hoping for assay results on the first hole about now but they may want to issue a few holes worth at once.Sitting tight