Kavango Resources Share Discussion Threads

[jone06] 24/5/2019 22:45

If you are in for the long Hall, 100+ drill holes then what's a few weeks between friends? Admittedly, I always cringe when any company spokesperson gives any detailed timescale on anything. GLA

[skiboy10] 24/5/2019 21:08

17 May '19 - 18:27 - 420 of 464 Edit

Also I queried the company on 20 days and it is 20 business days so likely later June and if any slippage even early July.

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From

@LucTenHave Drill results probably July, not June. Poorly communicated

10 minutes ago
@GoldenRetriever Is there a delay? I expected results mid-June or so.

8 minutes ago
@LucTenHave No delay but poorly communicated. Had a talk with the company today. They believe the market was well informed..i disagree

[cpap man] 24/5/2019 11:36

From Tw*tt*r



paul johnson
@pauljohnson9691

#KAV

Know things are going well when I get calls asking if I want to sell stock. #ECR and #KAV at moment. If they call asking - I buy more😀

[jone06] 23/5/2019 19:05

Up alot one day, down a little the next.Rinse and repeat.

[greatfull dead] 23/5/2019 17:26

SP increase tomorrow I feel...

GLA,
GD

[jlondon] 23/5/2019 14:46

Kavango Resources [LON:KAV]
A short summary:

1)Ditau, Boswana: 5 km x 7 km [From the RNS this is the ANOMALY]

2)Mineralised in 2 holes at Ditau. share price Angel says, remarkable [hole 1] & more remarkable to also hit mineralisation in hole 2 as well, given that Hole 1 & 2 are 1.8 KILOMETRES apart. BHP*s Oak Dam was 400m apart near their Olympic Dam mine.

3)Alterted rock -300m+ [see details of pre and post gabbro]

4)Mike Moles in his latest video interview with Proactive said that both holes were mineralised prior to reaching the grabbo anomaly as well as the grabbo.

5) Skiboy10*s post #468 shows the pic from Kavango: "544.22 CHALCOPYRITE near the bottom of Hole 2. #cobalt #copper #nickel #norilsk." The 1st pic shown was not captioned but one can see the visual.

[Online, chalcopyrite: "IT IS THE PRINCIPAL ORE OF COPPER."

6) Awaiting assay results for Hole 1 & 2 Ditau, although XRF was used.

<><>PAUL JOHNSON
He mentioned on Twitter about Sirius Resources of Novo Bollinger fame and the tyoe of potential share price rises. Line spacing 160m or 80m SPACING and drilled to the base of the regolith. www.goldendragoncapital.com/nova-bollinga-ni-cu-deposit



The NOVO Ni, Cu & Co ANOMALY was 2KM X 1 KM - results 1.42% Cu Copper & 3.8% Ni.
[Ref: as above link]

<><>PETE Panda on Twitter provided a link to an article on Voisey Bay which has been posted before. The assays showed 2.23% Ni Nickel, 1.47% Cu Copper & 0.123% co Cobalt over 71m intersection at VB-04."


My Comment:
From the illustration [Novo-please check], one can see the Ditau ANOMALY appears to be sizeable as compared to the Novo anomaly.

Investors are awaiting the assays - the 2 pics posted by Kavango on their Twitter feed recently from Ditau is helpful especially since they have now captioned the 2nd. Better for them to say it.

Thur 23 May 2019
DYOR
Please check as there can be errors.
No warranty.

[jone06] 23/5/2019 12:48

Looks like we are finding a bit of resistance around 4p. Probably a good thing at this stage of proceedings

[catsick] 23/5/2019 06:44

Yes the first hole is really incomplete but at least the second one went down a good way, it looks like this will potentially be an underground mine but not that deep so a simple decline access should suffice. I am guessing they will need about 10m thick of ore with 100 usd of contained metal to make it work, so if 10 of the 70m of cobalt they hit is .3% grade then we should have a project with a decent irr on our hands, subject to a whole bunch of drilling and studies. Given the size of the orebody we are potentially looking at a very decent shareprice if we can hit 100 usd a ton.Then of course the xrf readings may have been selective and the best 10m may only be 30 usd a ton in which case we need a lot more drilling or just move on to another part of the ksz and we see the shares fall to 2pOr maybe 10% chance we get all sorts of other goodies like pgms in the assays and ore worth 200 usd a ton and it will be off to the races ..

[captain james t kirk] 22/5/2019 18:34

I've watched the Foster and Moles videos from last March to the present and my reading is that as the first drill hole collapsed at circa 350m and they were not able to take it as deep as they intended, the decision was made to delay the sending of the first cores for assay until after the second drill to 557m was complete. This obviously gave them a much fuller picture. Only my interpretation, I stress.

[riley9] 22/5/2019 17:39

Evening gd, and was that westie I saw just then, too ? Thanks for the info all, ties in with things I've found, always good to have it confirmed ! Happy with 100k for starters here.

[simonparker5] 22/5/2019 17:20

But what we haven't had yet, and which could land at anytime, are the second skyTEM survey results. Mike promised that these would be released last week but we still haven't had them. There is every chance that these are as positive as the first set.

[skiboy10] 22/5/2019 17:10

I might be wrong but I think both batches are being processed together as it's the most cost effective way of doing it. It's in the last RNS if I remember.

[captain james t kirk] 22/5/2019 17:04

Thanks for the reply but reading back through many of the previous posts I gathered that was for the second batch. The samples from the first drilling campaign were completed in late March. The results appear to be out of synch. Three months for one batch and circa 4-6 weeks for the second lot. Or have I completely mis read things ?

[skiboy10] 22/5/2019 16:49

17 May '19 - 18:27 - 420 of 464 Edit

Also I queried the company on 20 days and it is 20 business days so likely later June and if any slippage even early July.

[captain james t kirk] 22/5/2019 16:38

Skiboy10
Could you throw some light on the length of time the first batch of assays are taking please.

[skiboy10] 22/5/2019 16:29

For any newcomers

Ditau




Targets from phase one of the AEM helicopter surveys



So Ditau looks v promising with indicative economic cobalt and other metals TBD from the impending assays.

The targets from phase one of the AEM were followed up on the ground and produced a couple of very good looking drill targets. Diatu seems to have validated their zinc in soils sampling technique so what are the odds that the conductors below are also hosting massive sulphides?

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

"We are extremely pleased to be able to report that the initial AEM survey results show that a number of the conductive anomalies identified coincide with significant geochemical (zinc in soil) anomalies. Priority targets have now been followed up on the ground with AMT resistivity surveys and exciting potential drill targets have been identified, including at the Ditau Prospect, which forms part of the KSZ Project. It has been highly encouraging to note the effectiveness of Kavango’s exploration strategy and techniques, which are already beginning to deliver positive results."

[skiboy10] 22/5/2019 16:20

riley9 - Ditau though early stage has the potential to be a very big mine. It is 5km x 7km and they have mineralisation in the first two holes drilled which is very uncommon. The drill holes were 1.8km apart and the altered rock is 300m+. Assays due in the next month or so

The licence area KAV has is vast and from phase one of the AEM surveys there are several excellent looking drill targets to follow up on. Mike Moles said in a recent interview that Ditau is not even the best looking target.

We are also waiting for the results of phase two of the helicopter surveys (another 25% of the licence area 2000km +) which was flown with a much more advanced syetem so the results will be very interesting. Then there is still 50% of the licence area to fly at some point in the future. I think more work at Ditau and drilling on other prospects will be the focus for the next few months.

They have cash in the bank and I imagine will probably go the JV route on Ditau.

The warrants at 12p and 24p if exercised will generate approx 20M so probably no need for a fund raise if the assays from Ditau are good.

So in terms of share price who really knows but fully diluted there's approx 290M shares. If Ditau is as good as it potentially could be and other prospects also prove economic I'm pretty sure given enough time we would be looking at 200p+ maybe more but who knows!

[greatfull dead] 22/5/2019 15:26

Hi Westie,

Good to see you here too. Hope all is good with you.

100k and added!

I assume you bought in before the 100k you added today.

Your a man with a plan...

ATB,
GD

[greatfull dead] 22/5/2019 15:22

Riley,

Good to see you here. Over in the Emerald Isle things maybe looking up there too.

No guestimates of a target price from me, just to say IMHO KAV are a multi bagger and probably a lot more.

We are now waiting for assay and analysis results from a OZ laboratory. Should be here by June, hopefully...

GTB,
GD

[westmoreland lad] 22/5/2019 15:18

Hi GD -- added 100k at lunch time. Fingers crossed here. Could be massive !!

GL

[riley9] 22/5/2019 15:15

New to this - looks interesting, like the record of the CEO - anyone got a target price ? Cheers

[greatfull dead] 22/5/2019 14:58

tick tock....

gla,
gd