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KAV Kavango Resources Plc

1.225
-0.025 (-2.00%)
24 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Kavango Resources Plc LSE:KAV London Ordinary Share GB00BF0VMV24 ORD 0.1P
  Price Change % Change Share Price Shares Traded Last Trade
  -0.025 -2.00% 1.225 3,580,037 11:44:07
Bid Price Offer Price High Price Low Price Open Price
1.15 1.30 1.25 1.225 1.25
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Copper Ores USD 12k USD -2.21M USD -0.0026 -4.69 10.32M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:21:02 O 500,000 1.25 GBX

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Date Time Title Posts
24/4/202407:28Kavango Resources exploring for another NORILSK under the Kalahari Desert5,551
26/10/202316:07Kavango Pumped 18
17/10/202313:03Zimbabwe economy in meltdown1
10/11/202007:06Kavango Resources News and Research Thread151

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Kavango Resources (KAV) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2024-04-24 15:21:031.25500,0006,250.00O
2024-04-24 14:47:581.2627,191342.33O
2024-04-24 14:35:281.18700,0008,260.70O
2024-04-24 13:36:281.18400,0004,708.00O
2024-04-24 12:01:021.2829,534377.15O

Kavango Resources (KAV) Top Chat Posts

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Posted at 24/4/2024 09:20 by Kavango Resources Daily Update
Kavango Resources Plc is listed in the Copper Ores sector of the London Stock Exchange with ticker KAV. The last closing price for Kavango Resources was 1.25p.
Kavango Resources currently has 845,569,314 shares in issue. The market capitalisation of Kavango Resources is £10,315,946.
Kavango Resources has a price to earnings ratio (PE ratio) of -4.69.
This morning KAV shares opened at 1.25p
Posted at 24/4/2024 07:28 by wi1l
Last night's rns may have been missed..........

23/04/2024 5:12pm
RNS Regulatory News


RNS Number : 7432L
Kavango Resources PLC
23 April 2024

23 April 2024

Kavango Resources

("Kavango" or "the Company")

ZIM - Hillside Option Exercise

Kavango Resources plc (LSE: KAV), the Southern Africa focussed metals exploration company, is pleased to announce that it has provided notice of exercise of the Hillside Call Option to the vendors of the Hillside Project ("Hillside") and Leopard South Project ("Leopard South"). Kavango intends to extend the Call Option on Leopard North to 30 June 2025.

Purchase agreements for Hillside and Leopard South are being drawn up by the Company's legal representatives and completion is scheduled for 15 May 2024.

Summary

· The Sellers and Kavango entered into call options in respect of the Hillside, Leopard North and Leopard South projects in a Call Option Agreement ("The Call Option") dated 25 July 2023, (announced >>> 25 July 2023). The Call Option had an initial term of six months, expiring 24 January 2024. This was subsequently extended, pending negotiation of revised terms following introduction of the Special Capital Gains Tax in Zimbabwe. Any material revisions to the terms will be announced in due course.

· Kavango has served notice of exercise to the Sellers, effective 23 April 2024.

· Completion is expected to occur on 15 May 2024.
Posted at 22/4/2024 11:31 by kdickson
SP Angel . Morning View .

Kavango Resources* (KAV LN) 1.1p, Mkt Cap £13.7m – Geophysics identifies drilling targets at Hillside, Zimbabwe

- Kavango Resources reports that induced-polarisation (IP) geophysics at its Hillside Prospect 4 gold prospect in Zimbabwe has identified up to five potentially mineralised shear zones over 500m of strike length and 700m width.

- The company says that two zones shown in the IP survey “appear to coincide with a series of parallel artisanal workings … [and that] … ”Three additional shear zones have been interpreted under slightly thicker cover and remain undiscovered by the artisanal miners with no indications of historic workings”

- Kavango Resources says that it plans “to drill a fence of six holes to test potential for a bulk-minable gold deposit at Prospect 4”.

- On 15th April, the company announced results of its drillhole SKDD-001 at Hillside Prospect 4 showing an intersection of gold mineralisation including visible gold and 2.53m at an average grade of 29.08g/t gold from a depth of 97.47m.

- In today’s announcement, Chief Executive, Ben Turney, says that the IP survey was conducted after the results of the drilling and that the “high-grade upper intersection in Hole SKDD001 represents a near-term, minable opportunity well within trucking distance of the Hillside stamp mills … [and that] … Kavango Mining is currently developing a work plan to pursue this”.

- Interestingly, however, Mr. Turney also says today that “it is the presence of the smaller, low-grade lower intersection in the same hole that our exploration team is now pursuing. Hole SKDD001 appears to have clipped a second shear zone, as indicated by results from the IP survey … [and the company now plans] … to return to Prospect 4 and drill a fence line of holes to test the IP anomalies and additional parallel artisanal mine workings we have identified. If these prove to be wide gold-bearing shear zones, Prospect 4 could represent an unanticipated bulk-minable opportunity”.”

Conclusion: Kavango Resources’ understanding of the geological nature of its target at Prospect 4 seems to be evolving swiftly as geophysical work is pointing to the possibility of a larger bulk mining opportunity rather than the narrow high grade concept envisaged originally. Considering a range of geological possibilities at this relatively early stage seems a prudent and sensible approach to the evaluation of Prospect 4 and we await results from the new fence of holes with interest.


*An share price Angel Analyst holds shares in Kavango
Posted at 19/4/2024 12:10 by kdickson
SP Angel . Morning View . Copper prices to break $10,000/t as negative Tc/Rcs highlight smelter scramble for material

Kavango Resources* (KAV LN) 1.05p, Mkt Cap £14m – Drill program to test Karakubis project in the Kalahari Copper Belt

- Kavango Resources report the tendering for the first phase of drilling on the Kalahari Copper Belt Karakubis project, Botswana.

- Management plan to drill 5,000m of diamond core on the Karakubis project in western Botswana targeting the shallower Kara Anticline for copper mineralisation.

- Target generation follows the analysis of AEM ‘Airborne Electro Magnetic’ and IP ‘Induced Polarisation’ surveys, and a new interpretation of the former ENRG licences which were not previously drilled.

- The drill program should see 10-15 diamond core holes from May to September with assays due along the way.

- Karakubis hosts three of the domal features which look similar to structures along strike from Sandfire’s Motheo Copper Mine.

- “The D'Kar Formation and Ngwako Pan Formation contact is known to host the majority of copper/silver mineralisation across the Kalahari Copper Belt.”

Kavango are also working towards gold production from the Nara Gold tailings in Zimbabwe.

*The share price Angel Analyst holds shares in Kavango
Posted at 15/4/2024 11:44 by kdickson
SP Angel . Morning View .


Kavango Resources* (KAV LN) 1.1p, Mkt Cap £13.4m – Drilling results from the Hillside gold prospect, Zimbabwe


Kavango Resources has reported drilling results from the Hillside 4 gold prospect in Matabeleland, southern Zimbabwe.

The company reports that hole SKDD-001, described as a “scoping hole sited to target mineralisation in a steeply dipping shear zone below artisanal workings” has intersected gold mineralisation, including “visible gold” including 2.53m at an average grade of 29.08g/t gold from a depth of 97.47m

The company says that the hole has “identified three further potential shear zones, parallel to the one being worked by artisanal miners … [and that an] … Induced Polarisation (IP) survey identified three further potential shear zones, parallel to the one being worked by artisanal miners”.

Chief Executive, Ben Turney, described future mining potential at Prospect and said that “We now need to test this potential with swift and methodical follow-up exploration. We are particularly looking forward to testing the additional three shear zones we believe we've identified here”.

Kavango Resources also says that “Results are pending on four other holes drilled across three other Hillside prospects”.

Conclusion: Initial drilling at Hillside Prospect has encountered visible gold and is being followed up to gain an appreciation of the mining potential. We await results from the follow-up exploration and results from holes where assay results are awaited.

An share price Angel Analyst holds shares in Kavango
Posted at 12/4/2024 12:05 by apotheki
SP Angel . Morning View . Gold jumps again, climbing to $2,400/oz as Chinese buying continues

Kavango Resources* (KAV LN) 1p, Mkt Cap £14m – Ground magnetic survey completed at Nara as drill results forthcoming

· Kavango Resources provides an update from its exploration programme at its Nara Gold Project, Zimbabwe.

· The Company reports it has completed its ground magnetic survey over 85km of lines.

· This was intended to identify geological structures bearing association with gold mineralisation.

· Following the survey, Kavango has now identified a 200m wide likely shear corridor over a 5km strike, with several magnetic lows.

· The target zone hosts artisanal and historic workings, which also bear association with low magnetic lineaments.

· The survey also pointed to unknown magnetic lows running parallel to the historical workings and prospective areas of hydrothermal alteration.

Conclusion: Kavango continues to progress the Nara asset quickly, having acquired the licence package 10 months ago. A rig was mobilised to site in March and drilling results are expected in the coming weeks. The 200m x 5km corridor anomaly is exciting and additional drilling will be completed over the next six weeks.

An share price Angel Analyst holds shares in Kavango
Posted at 12/4/2024 07:44 by apotheki
Kavango Resources* (KAV LN) 0.90p, Mkt Cap £11.73m – Permits to export drill core out of Zimbabwe

Kavango Resources plc reports it has received authorisation to export drill core samples from the Hillside gold project in Zimbabwe.

Approvals have been granted to the current Hillside project owner by the Ministry of Mines and Mining Development for the export of up to 2,500kg of drill core samples for analysis, valid for three months.

Drill cores from the Hillside project will be exported alongside samples from new holes.

Kavango recently reported results from geophysical survey at their Kalahari Copper Belt targets where helicopter borne gravity surveys conducted by the team has yielded encouraging gravity highs.

The Company is looking for basin margins, where base metals potentially lie on the edge of deeper basins which have traditionally been prospective for Cu-Ag mineralisation.

Sandfire’s Motheo Mine holds similar fold hinges associated with copper mineralisation.

*An share price Angel Analyst holds shares in Kavango
Posted at 02/4/2024 13:31 by kdickson
SP Angel. Morning View.
Gold prices soar past record highs following Fed inflation gauge as Central Bank buying accelerates.
Kavango Resources* (KAV LN) 0.95p, Mkt Cap £12.4m – Heliborne geophysics in Kalahari Copper Belt

- Kavango Resources reports results from a recent geophysical survey at their Kalahari Copper Belt targets.

- Helicopter borne gravity surveys conducted by the team has yielded encouraging gravity highs.

- Two linear features have been noted, the Kara and Tsootsha gravity highs, potentially linked to the Okwa complex.

- The Company is looking for basin margins, where base metals potentially lie on the edge of deeper basins.

- These have traditionally been prospective for Cu-Ag mineralisation.

- Kavango considers preliminary studies of the data encouraging, with clearly defined fold hinge targets noted.

- Sandfire’s Motheo Mine holds similar fold hinges associated with copper mineralisation.

Conclusion: Kavango’s exploration team are encouraged by the results from initial interpretation of the heliborne survey, with the presence of basin and sub-basin structures supporting their expectation of sedimentary copper mineralisation. The Company is now looking to define target areas for ground-based geophysics, before looking to start drilling towards the end of this quarter.



*An share price Angel Analyst holds shares in Kavango
Posted at 08/3/2024 12:31 by kdickson
SP Angel . Morning View .

Gold continues to test higher ground as traders brace for today’s employment data.

Kavango Resources* (KAV LN) 0.76p, Mkt Cap £10m – First gold production to begin generating revenue in April


- Kavango Resources has formed a subsidiary in Zimbabwe to begin small scale gold mining at their Hillside Project.

- Kavango reports gold production has been profitable from Hillside for the past three years.

- The Project holds two stamp mills, with Kavango looking to add a third stamp mill, with production capacity currently 600tpm.

- Four prospects have been identified by Kavango’s exploration team for processing.

- The Company will aim to double production to 1kg/month through 2024.

- Revenue is expected at $30k a month.

- Kavango will look to invest in the plant and is aiming at ‘enhancing local community-led gold extraction to increase near-term production.’

- Management believes that limited capital investment at Hillside provides opportunities for expansion of production, including potential small-scale underground mining.

- Hillside holds five historic underground mines.

*An share price Angel Analyst holds shares in Kavango
Posted at 06/11/2023 14:16 by apotheki
Power Metal still likes Kavango but sells all shares back to execs

(Alliance News) - Power Metal Resources PLC on Monday said it sold its entire holding of 69.5 million shares in Kavango Resources PLC, but stressed that this "does not reflect any negative view" of the company.

Kavango is a metals exploration company with assets in Botswana and Zimbabwe, while Power Metal is focused on North America, Africa and Australia.

On Friday, Kavango's Chief Executive Officer Ben Turney purchased 6.3 million shares for 0.8 pence each for GBP50,000 in total. At the same time, Non-Executive Director Peter Bee acquired 63.3 million shares for the same price, totalling GBP506,000.

On Monday afternoon in London, Kavango shares were up 6.3% at 0.85p each. Power Metal shares were down 2.4% at 0.61p.

Power Metal raised GBP556,000 in cash for this disposal of its shares in Kavango to bolster its cash reserves and fund its "high impact exploration initiatives".

Power Metal said it has retained 60.0 million warrants to subscribe for new shares in Kavango, which will expire on January 8, 2025. Of these, 30.0 million have an exercise price of 4.25p each while the other 30.0 million are priced at 5.5p each. It also holds a 1% net smelter return royalty respecting the project licence footprint in the Kalahari Copper Belt and the Ditau Camp projects it and Kavango previously held in joint venture.

Chief Executive Officer Sean Wade reassured investors: "Whilst we would describe our holding in Kavango as non-core our disposal does not reflect any negative view of their business or their ambitions and we wish them well in their endeavours.

"Our priority however is deploying financial resources into Power Metal core projects whilst also streamlining the diverse interests of the company and demonstrating our ability to raise cash for operations through means other than equity financings which dilute investor holdings."

Wade continued: "The funds raised will add to our significant existing cash balances and will be utilised for accelerated exploration, including drilling of certain high impact retained exploration projects targeting large-scale metal discoveries."
Posted at 20/10/2022 07:48 by skiboy10
PRESS RELEASE

20 October 2022

KAVANGO RESOURCES PLC

("Kavango" or "the Company")

KCB - drilling update

Botswana focussed metals exploration company Kavango Resources plc (LSE:KAV) ("Kavango") is pleased to announce an operational update from the Company's Kalahari Copper Belt ("KCB") project area.

Following interpretation of results from the ongoing Controlled Source Audio Magnetotelluric ("CSAMT") surveys (announced >>> 12 October 2022), Kavango's exploration team has decided to complete the holes in the current drill campaign at PL082/2018 using diamond drilling. Each hole will now first be drilled with a reverse circulation 'pre collar' and then completed with a diamond 'tail'.

The multipurpose rig can be used for both reverse circulation and diamond drilling equipment. The latter is now being mobilised to site.

Diamond drilling will enable Kavango to test properly the interpretation of the CSAMT data to target depth and retrieve drill core samples to evaluate the target lithology, structure, alteration, geochemistry and mineralization.

Hole KCBRC001 has been pre-collared to 153m using reverse circulation drilling and the multipurpose rig has been moved to the site of Hole KCBRC002.

KCBRC002 will test the Northern Zone target, which is an 8km long soil sampling copper anomaly that coincides with the edge of a magnetic high, which Kavango believes could represent a fault.

Kavango has interpreted the CSAMT inversion over KCBRC001 & KCBRC002 to indicate the presence of the crucial D'Kar/Ngwako Pan formational contact within 150m-300m of surface. This formational contact is the primary control for economic copper-silver deposits across the Kalahari Copper Belt. Kavango is keen to test its interpretation of the CSAMT results with diamond drilling to (i) prove that the inverted CSAMT data is effective in identifying the D'kar/Ngwako Pan contact, (ii) to verify interpreted fault structures, and (iii) determine if these targets are mineralized.

Jeremy S. Brett, Senior Geophysical Consultant to Kavango Resources, commented:

"The CSAMT survey is providing a potential breakthrough in the Kalahari Copper Belt for Kavango. We are fortunate to be able to test this immediately with drilling.

The CSAMT data over 3 test lines has been inverted and interpreted to show the contact between the D'Kar and Ngwako Pan formations, which is the main target horizon in the KCB.

A very high degree of resolution has been achieved with the inversions on the known folding in the belt, and has verified Kavango's hypotheses on variable wavelengths of the folds and brittle fault accomodations within the fold patterns to accomdate strain. The faults are postulated to have acted as conduits for mineralizing fluids, that could host deposits where they intersect the D'Kar / Ngwako Pan contact.

The results from the CSAMT inversions are providing us with estimated depths for the D'Kar / Ngwako Pan contact in the range of 150m to 300m from surface. This has led to the decision to switch to diamond drilling, in order to reach target depths with confidence and return drillcore for analyses."

Next Steps:

The northernmost CSAMT Line 4A is currently completed on Kavango's ground and the geophysical team is ready to deploy across the part of Sandfire's ground that hosts the Kronos deposit. This calibration point for the CSAMT survey is expected to confirm the signature for the D'Kar / Ngwako Pan contact .

Kavango had mobilised a multipurpose rig to give maximum operational flexibility as the drill campaign progressed. The ability to switch between reverse circulation and diamond core drilling is a strength of this programme and the Company is now able to take full advantage of this. The results of the CSAMT survey necessitate the switch to diamond drill core in order to test the interpreted contact between the D'Kar and Ngwako Pan rocks, which is the critical target horizon in the KCB.

Kavango has now decided to pre-collar its current planned holes on PL082/2018 with cost-effective reverse circulation drilling and then to return to each of them to complete with the diamond tails. The Company's expectation is that the core samples will provide valuable geological data that confirms the presence of the crucial D'kar/Ngwako Pan formational contact in Kavango's licence area and, hopefully, copper-silver mineralisation.

Further information in respect of the Company and its business interests is provided on the Company's website at www.kavangoresources.com and on Twitter at #KAV.

For further information please contact:

Kavango Resources plc

Ben Turney

bturney@kavangoresources.com

+46 7697 406 06
Kavango Resources share price data is direct from the London Stock Exchange

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