Kavango Resources Share Discussion Threads

[kdickson] 10/6/2019 14:45

24 May 2019, 21:32
[@LucTenHave] I understand that it takes longer (processing, road transport, airline, customs, lab, etc) but they should not say 20 days in an interview when it is rather 40 - 50 days. Now they say "business days". But after the first hole they also said in the interview "one month". Over promising and under delivering is not good. Not a red flag I think but just not smart.

[catsick] 10/6/2019 13:29

The Assay results about 20 days away comment was made on the 17th may, we should be due an RNS any day now even if they are business days .....

[skiboy10] 09/6/2019 23:56

Yes you are right 12 months for the warrants. If we were at a 50M market cap then maybe a trebling of the share price would be a stretch but it's only 7M and these are elephant targets we are after.

[mpls] 09/6/2019 19:24

As for 12p post assay, they would have to be very exceptional results for the share to tripple.

[mpls] 09/6/2019 19:22

Skiboy, I don't think the warrants can be exercised yet, my understanding is that they can only be exercised 1 year after the funding round in March this year or after a new funding prospectus is issued.

[skiboy10] 09/6/2019 18:47

What do we know so far

Ditau is the first drill target on a monster 9,000+ sq.km. area (15 licenses)
Ditau is a huge system 5km x 7km
Two holes drilled and we are waiting for assays

From handheld XRF reported readings
Hole one - up to 0.9% cobalt average 0.2% over 70m
Hole two - 0.2% neodymium over 200m, 1.5% copper over unknown length

As per Mike Moles XRF cannot scan for gold, silver, uranium, vanadiaum, other REEs. This has been mentioned a couple of times now in interviews.
Assays due in the next few weeks. They seem to be leaning toward an Olympic Dam style deposit rather than Norilsk now though as Mike has said it early days and a lot more work has to done to get a full grasp on what is down there.

SkyTEM survey phase two (25% of license area) has identified another 45 conductors to be followed up on and the best 3-4 will be drilled once ground work is complete.

New SkyTEM 12.5hz system is a major breakthrough for exploring under sand cover scanning up to 700m down at an average of 400m.

Funded for another 12 months. Also warrants at 12p which would generate 10M GBP if exercised post assays if as good as hoped.

Plenty to look forward to and though still early days I think an exceptional opportunity at only a 7M market cap.

[skiboy10] 09/6/2019 18:18

Juniors reap rewards as majors return to greenfields exploration

Stuart McKinnonThe West Australian

Thursday, 30 May 2019 3:52PM

Juniors are reaping the benefits from mining majors rushing back into greenfields exploration as they desperately look for new discoveries to restock their depleting production pipelines, Encounter Resources boss Will Robinson says.

Speaking as part of a panel discussion at a WA Mining Club lunch yesterday, Mr Robinson described the re-emergence of big mining companies in frontier exploration as a transformational event for greenfields explorers.

Many of the big miners have been absent from greenfields exploration in recent years, with a focus on returning cash to shareholders via cost-cutting and optimising existing operations, divesting non-core assets and a preference for brownfields drilling around their own mines.

More recently Rio Tinto, Newmont Goldcorp and Newcrest Mining have been active in greenfields exploration across the Paterson province in the East Pilbara and the Tanami region of the Northern Territory.

Encounter, which moved early to secure big tenement packages in both areas, has benefited via five joint ventures with Newcrest and a partnership with mid-tier miner Independence Group.

Mr Robinson noted similar recent deals between Red Metals and OZ Minerals across tenements in WA and Queensland and Prodigy Gold and Newmont in the Tanami.

“Five years ago, you do an earn-in deal, you might get a certain amount of money spent on the ground and then you (have to) stick your hand in your pocket,” he said.

“Whereas now ... it’s become an industry standard that big companies will have to carry juniors with good projects into production or a long way down the track and I think that’s a great development for the sector.”

Mr Robinson said he expected the new funding model to be embraced more broadly because it benefited juniors and majors.

“From a junior’s perspective, it really enables you to raise your eyes and look for bigger things,” he said.

“If second prize is something that’s not quite the size for a major, it can come back to the junior and be a very nice discovery.”

Mr Robinson, who is former president of the Association of Mining and Exploration Companies, said equity market investors had lost their appetite for funding greenfields exploration, but the big miners were looking to restock their pipelines.

MOD Resources non-executive director Bronwyn Barnes said juniors were comfortable shouldering risk but needed bigger players to stump up dollars to fulfil exploration ambitions.

Mr Robinson described the Paterson and Tanami regions as the two most significant exploration success stories in Australia in the past five to 10 years.

“Not many people talk about the exploration success that Newmont has had at Callie but they’ve been finding millions and millions of high-grade, high-quality ounces there since 2013. It’s really transformed that district.”

Meanwhile, Rio is buoyant about the potential of its Winu copper/gold discovery 130km north of Telfer in the Paterson.

[skiboy10] 09/6/2019 18:16

Q&A: Kavango Resources’ Chief Geologist, Mike Moles (KAV)

06 Jun 2019

Guest article from
Originally published 02 June 2019

[skiboy10] 07/6/2019 01:34

My guess is they have already been talking to Rio or similar. Mike Moles did say last year before they even starting drilling that Majors were watching closely.

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2 May '19 - 04:22 - 312 of 576

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] 07/6/2019 00:45

Yes the JV they had with rio is very interesting on many levels even though in the end rio walked away prior to the ipo, number one it shows the team have the ability to negotiate and ink a deal with a major, the ipo was set to be priced much higher off the back of the jv, however with rio walking away the ipo price was slashed, we now have a full listing rather than an aim one as a result of what was planned to be a higher valuation. When the assays are out I am sure Rio will get the first call, especially if they can blow winu out of the water, Rio had the right idea in Botswana they were just looking in the wrong place ...

[palace pete] 06/6/2019 20:53

Electric cars need manganese cobalt and nickel and the rate people are buying them these are going to be more sort after than ever

[jlondon] 06/6/2019 19:23

Skiboy10-Thank you. I was trying to search relating to the latest but there was nothing.

[skiboy10] 06/6/2019 19:08

jlondon - Rio Tinto pulled out of the JV on the copper project in the NE of Botswana prior to KAV listing in July 2018. According to Michael Foster as per Proactive Investor interview this was due to "their own internal issues".
Whilst we still have the licenses in the NE the company's focus is very much on Ditau and the rest of the huge KSZ in the SW of Botswana.

[jlondon] 06/6/2019 12:12

SP Angel gave more detailed results for Rio*s Wini today:

"-104m @0.8% Copper
-71m @1.02% Copper
-439m @0,42% Copper
-683m @0.48% Copper
-499m @0.40% Copper"


Title: Today*s market view - Pe ntagon sets its sights on AFRICA Rare Earths."
Click to read the Rio Winu details, Thur 6 June 2019

[catsick] 06/6/2019 09:13

On the rare earth stuff mkango seem to have similar grades to .2% NdO3 that kav reported but just the rees, cant wait to get these assays ....

[jlondon] 06/6/2019 09:05

At HL, it is 3.64p to buy and 3.65p to sell [dummy live price] at 9:05am, Thur 2019
Strange that one can sell at a higher price than buy?

[jlondon] 06/6/2019 08:58

From Primorous this morning on the Winu story, 2 hrs ago, Thur 6 June 2019

"New Drill results add to buzz around Rio*s Winu find."-The West.com.au

The embedded article said that copper was 1%.
The KAV RNS said XRF said 1.5% copper. Please check.

[catsick] 06/6/2019 08:07

So rio tinto just gave out more info on the winu project that has everyone excited about the patterson region in oz, the best intercept revealed is 100m from 70m deep at an average metal in ore value of about 67 usd a ton, lets see how kavs assays stack up against this project that they have 180 staff camping 7 hours from civilization to evaluate....

[skiboy10] 05/6/2019 19:07

Copied Twitter thread

[skiboy10] 05/6/2019 19:05

Copied Twitter thread

[jlondon] 05/6/2019 19:00

"Boswana MINING-FRIENDLY approach is PAYING OFF."-The Citizen, 5 June 2019

hxxps://citizen.co.za/business/2139713/boswanas-mining-friendly-approach-is-paying-off/

Quote:
"It has resulted in the world*s 2nd largest diamond find, while coal exports take off. Boswana has issued MORE THAN 1,000 EXPLORATION LICENCES in recent years ranging from gold and diamonds to COPPER, nickel, iron ore and manganese."

[skiboy10] 05/6/2019 17:41

Podcast
KAV @ 37:16