Kavango Resources Share Discussion Threads

[paulhopeful] 25/5/2024 15:53

Progress Update was very buoyant, Interesting comment on Nara, ( Encouraging core visuals ) Sounds promising. Still think the best news is the gold found in the first three holes at Hillside, appears to lineup with what has been seen in the IP surveys, looks like the stars are starting to align there, Perhaps a roadmap to propel Kav towards its gold target Will include more IP surveys. I think Ben is presenting the news exceptionally well.

[andrzejs1] 24/5/2024 15:09

Buys as sells again

[paulhopeful] 16/5/2024 08:07

jp2011: Thank you that makes more sense, still a bigger target Then I imagined, Exciting times, presentation on the targets would be interesting.

[jp2011] 15/5/2024 22:43

The 100m tons copper is confusing, I think they mean ore which if commercial is 1-2% copper so upwards of 1m tons Cu, could be looking at NPV $2-3bn perhaps more. KAV think they have two mineralised systems of which one is being drilled with multiple targets. KCB is not without risk but if they hit copper then highly likely multiple finds within that system. KAV said they would give a presentation on targets.At the moment KAV have not drilled anything so numbers are either estimates or pure speculation. BT was questioned about ENRGs drilling which found nothing but traces & he said they were looking in the wrong place.

[paulhopeful] 15/5/2024 20:05

Excellent Focus R Investor webinar today, Lots of information, Pleasantly Surprised the target for Zimbabwe gold has now been increased to 10 million ounces, must be happy with what they are Seeing.. Almost fell off the chair when I heard the target for the Kalahari Copper belt is 100 Million tons.

[mwj1959] 15/5/2024 18:19

You might end up making more money in KAV, but TKO, who also presented at the forum, are a much easier company to own in this space - already producing a lot of copper plus a further significant mine coming on stream next year. And they're operating in a safe jurisdiction.

[jp2011] 15/5/2024 16:08

A bit of news and 2p goes?

[jp2011] 15/5/2024 15:53

He has moved to Zim & they are finding lots of gold.

[fillipe] 15/5/2024 15:53

KAV - the highest ASK on show is now at 2p.
Lowest on show ...1.7p

Totals of only 190k shares showing on each side of the bid/ask.

f

[janet07] 15/5/2024 14:57

KAV and KDNC Both flying this afternoon we be great to see these both in the top 5 gainers today worth a look

[jp2011] 15/5/2024 13:59

Mostly he's an entrepreneur/investor relations guy, no finance or geology background. But, you need to ask who are the key people around, Peter WynterBee, he's the real deal, Dave Catterall in KCB or Steve Smith in Zim. Also why Purebond have invested £10m?

[mwj1959] 15/5/2024 13:47

As a matter of interest what qualification does Ben have to be CEO of such a business? His CV is the most threadbare one I've seen for a mining CEO.

[jp2011] 15/5/2024 08:22

https://www.youtube.com/watch?v=ye3zEYQR3BEFocus IR presentation was excellent, BT was second up on the list

[paulhopeful] 14/5/2024 08:18

Great time to be drilling the Kalahari Copper Belt.. With copper futures Holding ahead of the $10,000 per ton threshold, and with bullish long-term demand for copper, Plus a tight Supply heightening concerns of incoming shortages.

[giantpeach2] 14/5/2024 07:28

14 May 2024

Kavango Resources

("Kavango" or "the Company")

BOTS - KCB landmark drill contract signed



Kavango Resources plc (LSE: KAV), the Southern Africa focussed metals exploration company, is pleased to announce that it is has placed a drill contract for the first phase of stratigraphic drilling on the Kalahari Copper Belt (KCB) Karakubis Project.

Highlights

· Contract placed for first phase of 5,000m diamond core drilling on the Karakubis Project tenements in western Botswana.

· Program comprises 10-15 holes and is expected to commence in June 2024.

· Contractor is Mitchell Drilling Botswana (Pty) Ltd ('Mitchell'), who have completed multiple successful diamond drilling programs in the KCB for other clients.

· Mitchell is a subsidiary of Mitchell Drilling International, a contractor who have drilled over 5 million metres for mineral exploration across the world.

· Drilling is designed to test stratigraphic position and structural features interpreted from heliborne electromagnetic (AEM) survey, previously reported (>>> 2 April 2024).

· Drilling aims to follow up:

1. Targets previously identified by a combination of historic AEM, and Induced Polarisation (IP) surveys, and geological interpretation on the recently acquired ENRG licences that were never drill tested, and;

2. New targets being generated from interpretation of Kavango's AEM, magnetic and gravity survey flown in December 2023 and January 2024.

· Drilling expected to last four months and will be undertaken in a phased programme starting with one rig and scaled up to two rigs drilling day and night shifts.

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

"This is Kavango's best prepared and most important drill campaign. We are pursuing large-scale copper targets in the Kalahari Copper Belt. Our primary objective is to prove a copper mineralising system exists in our Karakubis licences. If we are successful, this will be transformational for our business.

We look forward to working with Mitchell to deliver a rapid drill program to test the structures and trap zones our team has identified. This program will be delivered quickly, starting with one rig and quickly scaling up to a second rig. We expect to complete drilling within 4 months.

While there are no guarantees in exploration, the work our team has done maximises our chances of success. We enter this landmark drill campaign with a sense of growing optimism."

[pieinsky] 10/5/2024 15:48

get your buckets and spades ready lads. not too deep to dig.

[citys2874] 10/5/2024 09:51

nice bounce up over the last week or so...great to see it bounce up

[paulhopeful] 10/5/2024 08:52

3 out of 3 is good, seem to hit gold everywhere at Hillside.

[fillipe] 10/5/2024 08:39

KAV - lowest ask on show now 1.5p.

f

[3ootuk] 10/5/2024 08:37

You can see why there's artisanal mining following the veins. There's the rub. How much overburden to process if you open pit and take the whole lot.

[jp2011] 10/5/2024 08:34

Market likes but unspectacular assays although does vindicate bulk mining strategy.

[hjfe] 10/5/2024 08:25

Good results - this is looking like a significant prospect that would be of great interest to one of the majors.

[giantpeach2] 10/5/2024 07:51

KAVANGO RESOURCES PLC

("Kavango" or "the Company")

Hillside Prospect 3 Assay Results

ZIM: Multiple zones grading >0.5g/t at Prospect 3

Kavango Resources plc (LSE: KAV), the Southern Africa focussed metals exploration company, is pleased to announce the first assay results from the Hillside Prospect 3 gold project ("Prospect 3") in Matabeleland, southern Zimbabwe.

Highlights

· Hole NSDD001 was a scoping hole sited to target mineralisation below multiple sets of artisanal workings at Prospect 3.

· NSDD001 was drilled to a total depth of 301.40 m and intersected multiple shear zones hosting sets of anastomosing gold bearing quartz veins and associated sulphide mineralisation, totalling over 40m grading >0.5 g/t gold.

· Mineralisation starts at 12m below surface and may be open-pit mineable.

· Induced Polarisation (IP) anomalies suggest the shears extend to depth.

· Best results* in the hole include:

- 5.00 m @ 1.68 g/t gold from 97.00 m.

- 0.97 m @ 2.14 g/t gold from 148.00 m.

- 1.00 m @ 3.10 g/t gold from 156.00 m.

- And includes 11.90m @ 0.92g/t from 148m.

· Interpretation of recently re-processed geophysics including drone magnetic data and IP data suggests Prospect 3 and Prospect 2 may be located on opposite margins of a major regional deformation zone that extends 1.2km southeast to Prospect 1.

· The recently reported BRDD001 (Prospect 2) is located along the northern margin of the same deformation zone, and the width of the deformation zone between Prospect 2 and Prospect 3 is now estimated to be approximately 600m wide.

· Kavango is currently planning an extensive ground IP programme designed to assess the extent and continuity of the (chargeability & resistivity) anomalies already identified to understand the extents of the broad shear zone.

· Additional drilling will then be planned to evaluate what appears to be continuity between Prospects 1 and 2, over the interpreted strike length of 1,200m.

· Results provide confirmation of a likely extensive mineralised system.

*All quoted thicknesses are apparent down hole intersection thicknesses



Ben Turney, Chief Executive of Kavango Resources, commented:

"Results from Prospect 3 emphasise the potential size of the shear system at Hillside. Our interpretation of data from IP and drone magnetic surveys over the area further confirms the potential for a larger-scale gold target than we originally anticipated.

We now need to follow up with multi-element testing of the remaining pulps from the fire assays and more drilling to confirm the extent to which the 1,200m by 600m target area is mineralised with gold.

We are particularly encouraged by the presence of broad zones containing gold mineralisation in both holes NSDD001 and BRD001. This fits our idealised model for bulk-minable deposits, and we look forward to bringing the drill rig back to Hillside in June."

[paulhopeful] 05/5/2024 16:17

The guardian: mining industry braces for multi billion pound Anglo American bidding war, Glencore is understood to be considering a takeover offer, BHP Could move again after initial rejection. The global mining industry is braced for a multibillion pound bidding war for Anglo American, Amidst growing speculation that mining companies are preparing Rival bids. Rio Tinto has also been linked to a potential 3 way Tug Of war over Anglo’s Vast reserves of copper.