Kavango Resources Share Discussion Threads

[skiboy10] 08/10/2019 13:39

This was from back in May 2018 pre-IPO before the AEM surveys which have clearly uncovered some very exciting targets.

"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 thing 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"

[skiboy10] 08/10/2019 13:30

It is worth remembering that whilst Ditau forms part of the KSZ project it is actually 70km east of the main 450 km long KSZ body and that the geological structures at Ditau (rare earths) and the main body of the KSZ (Norilsk) are totally different.

[jone06] 08/10/2019 12:56

Let's hope so

[skiboy10] 08/10/2019 02:29

Drilling at the KSZ to start later this week 😀

[d220] 03/10/2019 14:26

PP, Indeed! Looking good for a useful rise back up to previous highs imo. The first 2 buys were mine today as am looking to average down here. Sold out of Tomco as I just don't see any progress in the near term. HZM now my biggest holding but would like more here.

[palace pete] 03/10/2019 12:49

Slowly slowly.

[skiboy10] 02/10/2019 16:29

They were reporting genuine readings from the XRF and in hindsight probably should have waited for the assays to announce anything. I can't imagine they would take the same approach again. Having spoken to both Mike Moles and Michael Foster they seem very genuine and not the sort to mislead intentionally. Ditau still looks very prospective for REEs. They are talking to several major and mid tiers about a JV. All to play for there. The KSZ was always the main project and does look very exciting. RE: funding I think they have enough until April next year having used the main listing 20% allotment for the financial year and would probably JV any discovery at the KSZ on a project by project basis anyway.

[skiboy10] 02/10/2019 14:27

SP Angel . Morning View .


Kavango Resources (KAV LN) 2.0p, Mkt Cap £3.1m – Kavango selects new targets for 1,000m drill campaign

Kavango Resources has signed a contract mobilising a number of drill rigs to test targets in Botswana.

The drill program is for three vertical holes covering 1,000m on the Kalahari Suture Zone ‘KSZ’

The team plan to intersect conductor targets at depths of between 200m and 400m.

To save time and cost, the holes will be pre-collared to approximately 150m with reverse circulation drilling followed by diamond core drilling for better information on the geology below this point.

Management are hoping to find mineralisation in a 10km x 6km magnetic anomaly, which is interpreted as a potential magma chamber.

The other two targets relate to significant linear magnetic and conductive structures.
Water will be trucked in from a local town.

Conclusion: Botswana hides many interesting mineral discoveries under a significant depth of Kalahari desert sand.

Kavango hopes the use of modern remote sensing techniques will help it pinpoint mineralisation in anomalies of significant scale under the sand.

While drilling these targets feels a bit like wildcatting in the oil industry investors can rest assured that target generation is supported by a thorough analysis of the latest data.

[skiboy10] 02/10/2019 14:25

Kavango Resources PLC's (LON:KAV) Mike Moles tells Proactive London's Andrew Scott their drill programme at the KSZ project in Botswana will kick off in the next week or two.

Moles says the initial programme at KSZ will take in around 1,000 metres of drilling across three holes - due to cut into targets at depths between 200 to 400 metres.

[cashandcard] 02/10/2019 10:01

The interest will come once they deliver some decent results from this program. Not long now.


Cash

[palace pete] 02/10/2019 09:37

Kav well off the radar I thought this would have generated some interest.

[skiboy10] 02/10/2019 07:23

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

"Following the CSAMT surveying of targets selected from the detailed modeling of the AEM data, Kavango has identified a number of drill targets, which we believe are highly attractive. These priority targets are now ready for drilling. The drilling company has been mobilized and within a short period of time we will be drilling on the KSZ. This has been an innovative and systematic mineral exploration programme in a very under-explored region of SW Botswana that we believe has excellent potential to host significant base metal deposits."

[d220] 01/10/2019 11:03

So, we are into October, Mike Moles was due to be "in country" from yesterday and the drilling contract was signed last week. MM stated that the next announcement would be just before the start of drilling, either this week or next. If all goes well, the drills could be complete in 2-3 weeks but it could become 1-2 months if they encounter problems.
Either way, we should have an idea of what is there before the end of the year.
As MM said in the last interview:

"... we only need one sniff of massive sulphide in any of these holes that we're planning to drill and I think we're away ..."

[skiboy10] 30/9/2019 13:49

FEATURES MARKET FLASHES

ANALYSIS- Kavango Resources’ ‘mounting evidence’ of Ditau mineralisation and the possibility of a major JV partner (KAV)

30 SEP 2019 | Daniel Flynn

Earlier this month, Kavango Resources (LSE:KAV) revealed ‘mounting evidence’ that its Ditau project in Botswana could host carbonatites – the primary source of rare earth elements (REEs) globally. If the company’s view bears fruit then this could be highly significant for the project. The fact that the firm has entered into non-disclosure agreements with “several major and mid-tier firms” about a possible Joint Venture here suggests this is being taken seriously. The next steps could prove to be extremely revealing.

In its update, Kavango said that further analysis of assay and geochemical results from its core drilling at the 1,386km2 site in February has suggested the presence of ‘fenitization’. This is a type of extensive alteration associated with what are known as carbonatites, geological bodies mined around the world for economic deposits of REEs such as neodymium and praseodymium.
Such elements have become highly sought after in recent years due to the use in the manufacture of the new generation of electric vehicles as well as in magnetics and other types of technology. Historically, carbonatites have also been mined for their phosphate content – primarily used in fertilisers – and their copper and uranium.

About one out of nine carbonatites worldwide have been mined commercially and one of the world’s most productive carbonatites, Palabora, has been in production continuously since 1953. It remains to this day South Africa’s principal source of copper.

Kavango also revealed that, after releasing drill results in August, it learned that a Canadian miner called Falconbridge previously drilled into three carbonatites fewer than 25km from Ditau in an area hosted by similar rocks. Although the business was looking for kimberlites – the world’s primary source of diamonds – Kavango said that carbonatites possess ‘similar-looking magnetic and gravity signatures’.

The carbonatites that Falconbridge intersected lie just below sand cover, making them amenable to lower-cost open-pit mining. Due to geological similarities between Ditau and the area drilled by Falconbridge, Kavango believes that any carbonatites discovered on its licence area are also likely to be relatively close to the surface.

With these similarities in mind, Kavango now plans to assess the geophysical and geochemical characteristics of the Falconbridge carbonatites to assist its exploration for the formations at Ditau.

Kavango’s analysis of existing airborne magnetic data at Ditau has also identified ten ‘ring structures’ that it claims to be typical of a type of magmatism that is often accompanied by the intrusion of carbonatite. Using existing funds, it will survey ‘some or all’ of these ring structures in a bid to identify carbonatite targets. It added it could then test these targets using relatively shallow and cheap percussion drilling.

‘The objective is to demonstrate over the coming months the existence of carbonatite within Kavango’s Ditau licences,’ the business added.
Elsewhere, Kavango said that it had signed non-disclosure agreements with ‘several major and mid-tier companies’ concern possible future joint ventures at Ditau. It expects its work towards identifying carbonatites at the project to support these discussions.

The organisation’s chief executive Michael Foster added that 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 ten ring structures identified to date,’ he said. ‘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.’

If Kavango is able to demonstrate more evidence that its Ditau licenses contain carbonatites that potentially host commercial deposits of mineralisation then it is entirely possible the business will secure a Joint Venture with a much larger firm. Even though the company has a portfolio of projects, further advancement alone at Ditau could be transformational.
To read MiningMaven’s recent Q&A session on August’s Ditau drill results with Kavango’s director and chief geologist Mike Moles, please click here.
KAV
Kavango Resources

[philjeans] 26/9/2019 09:42

Worth a punt at this price.

[gasmanmick] 24/9/2019 18:11

Good to hear Mike Foster going out there to personally oversee drilling an change batteries in that RSF gun.
As I said before here big companies watching closely.
I would prefer to drill more than three but lots of research gone into these three.
Hope long time investors and management get the success they deserve.
Squeaky Bum Time

[skiboy10] 24/9/2019 17:22

"We only need one sniff of massive sulphides in any of these holes that we are planning to drill and I think we are away because it would justify our model and I think we would immediately have a lot of other bigger companies interested in coming in with us. In fact we have been approached by a number of big companies who said 'first intersection give us a call'. A lot hangs on this and we if get an intersection or two that is all we really need then we're away"

[d220] 24/9/2019 16:41

Cheers for the link skiiboy!
I likes te talk of interest from big companies:
"the first intersection, give us a call"! :-)

[skiboy10] 24/9/2019 16:34

Kavango gets set to drill into three targets on the Kalahari Suture Zone

A contract with a local drilling company is likely to be signed before the end of September
Kavango Resources PLC -
The KSZ could be rich in nickel, as well as copper and platinum group elements

Kavango Resources PLC (LON:KAV) has selected targets for drilling at its Kalahari Suture Zone project in Botswana.

An initial 1,000 metre drill programme, using diamond core and/or reverse circulation drilling to test for sulphide mineralisation, is scheduled to commence in early October.

So far 77 conductors have been identified through two airborne electromagnetic surveys, covering 4,060kms on the KSZ in south-west Botswana.

Kavango has now drawn up a shortlist of 15 drill targets, following ground follow up survey work, and these have been ranked prospectivity.

Kavango has selected three of the most prospective targets to drill.

Kavango believes the KSZ geological model is analogous with the famous Norilsk/Talnakh and Voisey's Bay copper-nickel-platinum group elements massive sulphide deposits.

The hard rock geology of the KSZ area is obscured by 50-to-70 metres of recently deposited Kalahari sand, clays and calcretes. The company believes this has led to the KSZ being largely underexplored for minerals.

Kavango expects to sign a contract with an established local Botswana drilling company before the end of September and for mobilization to occur two weeks later.

“The three targets that have finally been chosen fit the company's geological model best and appear to be highly compelling,” said Kavango chief Michael Foster.

“They are relatively shallow and are located precisely where a magmatic sulphide deposit should be found. Preparation is now underway to get the drill rigs on site and the programme started.”