Kavango Resources Share Discussion Threads

[catsick] 16/9/2019 07:35

Interesting!

[skiboy10] 16/9/2019 07:14

Joint Venture Discussions

In order to offset the costs of a prolonged exploration programme, which may involve extensive resource drilling, Kavango has signed Non-Disclosure Agreements with several major and mid-tier companies concerning possible future joint ventures. The orientation programme (described above) is expected to support these discussions and the Company will provide further updates in due course.

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

"There is mounting evidence that Ditau is at the centre of a previously unrecognised alkali magmatic complex. The current orientation exercise is designed to confirm the existence of carbonatite associated with the 10 ring structures identified to date. A number of mining companies have shown interest in this project and we look forward to working with an industry partner to realise fully its potential."

[andy197180] 15/9/2019 17:39

Thanks Skiboy10 for a an interesting and very informative overview of the prospects for this company. I will sit tight on my investment and await developments. Thanks so much for taking the time to reply.

[skiboy10] 15/9/2019 16:00

Hi Andy

Most of this is covered in recent posts but there’s news due on several fronts.

Drilling at the KSZ
JV news at Ditau
Update from the JV at the Kalahari Copper Belt

The initial drilling at Ditau whilst disappointing should not deter potential JV partners as mining companies have a longer term view than many private investors. I think KAV were oversold on the news and they have added an additional licence to the area and have identified 10 ring like structures that may contain cabonatites which are prospective for rare earths and copper. The company has been talking to several potential partners and an update is due anytime. It worth remembering too that Ditau is not Kavango’s main focus. It was the most advanced prospect which is why it was drilled first.

It sits approx 70km to the east of their main target which is the Kalahari Suture Zone (KSZ). This is a huge structure 450Km long which KAV have been working on since 2011. The geology is different on the KSZ than Ditau. There’s a lot of detail in the recent posts but they are looking for a world class Cu-No-PGE deposit. The geological setting is very similar to that of Norilsk in Siberia so that is what they are looking for. EM surveys have been completed over half of the 10,000 sq. km. and they have identified 45 targets so far.

Drilling is due to start late this month or early October.

That’s a quick overview. I think it’s oversold and at a 3M cap the potential if they make a decent find in what would become a brand new mining district is obviously massive. But we shall see. Cheers.

[andy197180] 15/9/2019 15:16

Hi all. Total newbie here. What are the long term prospects and time scales for this company and news flow? Any lth who have any advice? Would be greatly appreciate.

[gasmanmick] 12/9/2019 17:22

Totally oversold Ditau was always just sideshow KSZ is the main area of interest with approximately 45 targets identified and huge areas not even surveyed.
This will rocket when results come in.
Fill yer boots you won’t get better chance than this.

[skiboy10] 11/9/2019 17:51

Overview/recap of the KSZ - Drilling due later this month or early October

Kavango’s main focus in the southwest of Botswana is the huge north-south trending 450km x 50km magnetic anomaly known as the Kalahari Suture Zone (KSZ). Targeting world class Norilsk style Cu-Ni-PGE deposits.



Overview of the KSZ and work carried out so far


Plan view of Phase 2 AEM survey modelled by Aarhus Geophysics Ltd. The image is a horizontal slice at 240m depth below surface showing EM anomalies. Dots represent single line anomalies whereas linear shapes are over several lines. Each horizontal line is 500m apart.

X-Section – Line 104301 in PL163/2012

Numerous conductive zone anomalies have now been identified. These are currently being followed up on the ground and detailed geophysics and geochemistry are enabling priority targets to be identified ahead of drilling.



X-Section – Line 100502 in PL365/2018

[palace pete] 11/9/2019 16:25

Had a few more.

[d220] 11/9/2019 16:15

Certianly seems to have come back to life this afternoon. Has someone got wind of a RNS being logged for tomorrow?
Great buying opportunity for those either not yet in or (like me) wanting to avearage down. Way oversold IMO

[skiboy10] 11/9/2019 16:06

Yes new due on three fronts

Drilling at the KSZ
Potential JV on Ditau
Update at KCB

I think we'll be back to previous highs before too long

Current market cap is only 3.1M

[jone06] 11/9/2019 14:45

Somethings brewing, volume took off today... News of commencement of drilling the KSZ or farm in at Ditau?

[skiboy10] 11/9/2019 14:40

SP Angel - Morning Notes

Kavango Resources (KAV LN) 1.8p, Mkt Cap £2.9m – Earning up to 90% in two licences in the Kalahari Copper Belt

Kavango Resources reports that it has signed a Memorandum of Understanding with a Botswana company, LVR GeoExplorers, to farm in to up to a 90% interest in two exploration licences in the Kalahari Copper Belt in Botswana.

Over the first 12 months, Kavango is obliged to spend approximately £92,000 on each of the licences in order to acquire a 25% interest. Kavango, which will manage the exploration programme, can increase its interest in either licence by advancing the project to a bankable feasibility level.

The first of the licences (PL082/2018) is located approximately 30km north of MOD Resources’ T3 mine development project and is “completely surrounded by MOD/Metal Tiger exploration licences including their T5, T6, T9, T10, T14 and T15 targets.

The PL lies astride the main Ghanzi - Maun Highway.”
The second licence, PL083/2018, is close to the Namibian border “south of the Trans-Kalahari Highway and adjacent to the block of licences held by Kapore Metals Limited.”

Chief Executive, Michael Foster, described the agreement as “an excellent opportunity for Kavango to acquire an interest in some highly prospective ground in the KCB area, which is now regarded as one of the world's most promising under-explored copper provinces. We believe that the proposed Joint Venture with LVR represents excellent value for shareholders, who now have the prospect of acquiring an interest of up to 90% in these licences.”

He also confirmed that “We will continue to consider other opportunities in this exciting copper province, while our main focus remains the KSZ Project".

Conclusion: The offer by Sandfire to acquire MOD Resources has highlighted the exploration potential of the Kalahari Copper Belt. Kavango Resources’ success with its own exploration at KSZ and the expansion of its portfolio of exploration property within the Kalahari Copper Belt via the MoU with LVR GeoExplorers may prove to be particularly timely.

[skiboy10] 11/9/2019 14:35

Some decent sized trades going through

[skiboy10] 06/9/2019 19:04

Potential JV updates on Ditau too

[skiboy10] 06/9/2019 19:03

Not long to wait now for drilling on the monster KSZ. Rig mobilization by month end for an early October start? Only a few weeks away.It looks like they will be drilling shallower holes too down to only maybe 250-300m

[skiboy10] 02/9/2019 17:09

Full interview: Kavango farms into two licences on the Kalahari copper belt

Kavango Resources (LON:KAV) has signed a memorandum of understanding to farm into two prospecting licences in the Botswana section of the Kalahari copper belt.
Non-Executive Director Mike Moles tells Proactive London about the MoU and how the next few weeks will go before the exploration and development begins.
Under the terms of the farm-in deal, Kavango will have the right to earn up to a 90% interest in both or either of the licences.