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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Kavango Resources Plc | KAV | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.025 | 3.85% | 0.675 | 08:29:22 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 0.65 | 0.65 | 0.675 | 0.65 |
| Industry Sector |
|---|
| MINING |
| Top Posts |
|---|
Posted at 28/8/2024 09:50 by apotheki SP Angel . Morning View . Gold holds steady as dollar sell off pauses as investors gauge strength of US economyKavango Resources* (KAV LN) 1.45p, Mkt Cap £22m – Drilling results from the Hillside gold project, Zimbabwe Kavango Resources reports that results from three diamond drill holes at its Hillside project (Prospect 3) in Matabeleland, southern Zimbabwe have “returned what Kavango believes to be significant assay results”. In addition to the results of the previously reported hole BRDD-001 which intersected 7.2m at an average grade of 9.95g/t gold from a depth of 50.64m and a second 2m wide intersection of 2.12g/t gold from 86m depth, the subsequent two holes intersected: 2m at an average grade of 0.53g/t gold from 163m depth and a single metre at a grade of 3.73g/t gold from 263m hosted in “narrow shear zones where gold and associated sulphides were hosted in narrow quartz veins” in hole BRDD-002; and 2m at an average grade of 5.27g/t gold from 312.5m depth as well as a single metre assaying 7.94g/t gold from 315m depth in hole BRDD-003 in “a series of shear zones, hosting gold and associated sulphides in anastomosing quartz veins, at various intervals down hole”. Chief Executive, Ben Turney, said that “We are extremely pleased with the rapid progress and achievements Kavango is making in Zimbabwe. When we first entered this country, our strategy was to use modern exploration technology to find bulk-mineable gold ore bodies that Kavango could bring into production. Subsequent exploration has identified several potentially bulk mineable targets, together with possible underground opportunities that now need to be drill tested, assessed, and ranked as potential deposit”. Describing its plans to advance the Hillside project, Kavango Resources says that it “aims to complete the current scope and exploration diamond drill programme with additional holes at Prospect 1 and Prospect 4, after which it plans to assess all four prospects and rank them as potential deposits to be drilled with the aim of defining a mineral resource and future Exploration Targets”. Further assay results are awaited from holes NSDD-001, 002 and 003 at the Nightshift area in Prospect 3 which “subject to further drilling, … [could] … become a source of low-tonnage, high-grade ore”. Earlier this month, the company reported a gold in soil geochemical anomaly covering around 1.5km2 over the Propsect 4 area at Hillside where relatively shallow mineralisation “forms part of a larger and yet untested system that is within 13km by tar and dirt road from Prospect 1”. Conclusion: The Hillside prospect is beginning to look more extensive than previously thought with potential for shallow bulk underground mining as well as the possibility of deeper underground mining opportunities. We look forward to further news as the exploration programme develops. *An share price Angel Analyst holds shares in Kavango |
Posted at 31/7/2024 16:45 by paulhopeful JP2011: yes, investor roadshows should help to make more people aware, I’ve always thought we are under the radar, It would be nice to have some H.N.W. Investors clued up, Ready to vector in. |
Posted at 31/7/2024 15:34 by jp2011 Don't forget the investor roadshow which I expect is with First Equity. KAV have been reliant on Purebond for the last 15 months & will be going forwards. Whilst the share price has bounced off 0.6p lows it's now range bound 1.3-1.5p partly because engagement is mostly at small private investors so it would be good to target additional high net worth investors. |
Posted at 24/7/2024 07:40 by jp2011 Are you a current KAV investor or just someone with a grudge? |
Posted at 04/7/2024 19:20 by apotheki SP Angel . Morning View .Zimbabwe – Sovereign Wealth fund paid $1.6bn for shares in mining company The Mutapa Investment Fund formerly known as the Sovereign Wealth Fund of Zimbabwe has so far refused to name the company. (Business Maverick) US$1.6bn equates to around 5% of Zimbabwe GDP. The Sentry, a US-based investigative group which tracks corruption has named Kuvimba Mining as the recipient Kuvimba owns a number of gold, lithium, nickel and platinum mines. The Sentry suggests Mutapa holds 65% of Kuvimba with 35% in private investor hands. The report indicates Matapa paid $1.6bn for 35% of the shares valuing Kuvimba Mining at US$4.6bn The Sentry also reports the Mutapa fund received $1.9bn in government loans to revive failing state-owned enterprises. The Sentry goes further to suggest that Kudakwashe Tagwirei, reported to be a financier of ZANU-PF owned up to 35% of Kuvimba via companies including Pfimbi Resources. |
Posted at 30/5/2024 09:55 by apotheki SP Angel . Morning View . Copper short squeeze fades as COMEX discount narrowsArc Minerals (ARC LN) – IP survey results used to indicate drill targets in Kalahari in Botswana Conclusion: This is early stage exploration work which will likely require substantial drilling before any particular conclusions can be drawn. We would refer investors towards Kavango* which we see as better established and further ahead in its exploration in the Kalahari and we believe has better prospects for discovery in the region. *See Below Kavango Resources* (KAV LN) 1.58p, Mkt Cap £25m – Board appointments · Kavango Resources has appointed Donald McAlister and Alexandra Rose Gorman to its Board and announced that Peter Wynter Bee is to assume the role of Deputy Chairman. · Mr. McAlister is described as having “years of experience of operating in Zimbabwe and raising funds for many projects” and has previously served as “Finance Director of Mwana Africa plc, Ridge Mining plc and Reunion Mining plc and has served on the Board of Bindura Nickel Corporation and Freda Rebecca Gold mine, both in Zimbabwe”. · Ms Gorman is a qualified geologist currently working as a mining analyst in London. · Kavango Resources confirms that “CEO, Ben Turney, has moved to Zimbabwe to lead the business there” and that as “part of the restructuring, Brett Grist and Jeremy Brett will step down from the Company's board of directors with immediate effect. Brett will continue in his roles as Kavango's Chief Operating Officer and Company Secretary, while Jeremy will continue to in his role as a Senior Geophysical Consultant to the Company”. · Chairman, David Smith, thanked “both Brett and Jeremy for their contributions during their time spent on Kavango's board. They have been instrumental in building the Company's strong presence in Botswana and Zimbabwe”. · Commenting on the changes Mr. Smith said that “we have decided to restructure the board with a more commercial and strategic focus”. *An share price Angel Analyst holds shares in Kavango |
Posted at 15/5/2024 19:05 by paulhopeful Excellent Focus R Investor webinar today, Lots of information, Pleasantly Surprised the target for Zimbabwe gold has now been increased to 10 million ounces, must be happy with what they are Seeing.. Almost fell off the chair when I heard the target for the Kalahari Copper belt is 100 Million tons. |
Posted at 25/4/2024 10:33 by apotheki Ariana Resources (AAU LN) 2.7p, Mkt Cap £32.4m – Rockover merger brings in 1.3moz Dokwe gold deposit in ZimbabweAriana Resources confirms that it has reached a conditional agreement for a merger with Rockover Holdings which owns the 1.3moz Dokwe gold project in Zimbabwe. The planned merger, through Ariana Resources’ wholly owned subsidiary, Asgard Metals, which currently owns 2.1% of Rockover, will be via shares “based on a merger ratio in the enlarged entity of 62.5% Ariana existing shareholders and 37.5% Rockover existing shareholders”. “Based on the merger ratio, Ariana would issue 687,817,998 new ordinary shares … to acquire the shares in Rockover not already owned”. Ariana Resources says that it expects the merger to “be implemented by 28 June 2024 … [and that it] … intends to seek a dual-listing on the Australian Securities Exchange ("ASX") to promote the opportunity to a broader range of potential investors”. The Dokwe North deposit “contains 1.21Moz in JORC 2012 … Measured, Indicated and Inferred Resources, including 0.8Moz in Proven and Probable Reserves; Dokwe Central contains 80,000oz in JORC 2004 Indicated and Inferred Resources … [and the company reports that a 2022 pre-feasibility study, currently being revised, shows] … a mine life of 13 years at a post-tax NPV10 of US$72 million and an IRR of 25% at a gold price of US$1,650/oz”. Conclusion: Ariana Resources’ all-share merger with Rockover Holdings is expected to be concluded by the end of June bringing in the 1.3moz Dokwe gold project in Zimbabwe. |
Posted at 15/4/2024 07:15 by jp2011 In terms of target area, it was the 4th ranked target at Hillside so think most investors will take it as a win. |
Posted at 05/4/2024 10:46 by kdickson SP Angel. Morning View.Zimbabwe – Government to launch new currency backed by gold - The government of Zimbabwe has said it will bring in a new gold-backed currency to help stabilise the economy. - President Mnangagwa, aka the Crocodile, says the nation has sufficient gold to support the new ‘structured currency’ (FT). - Investors are going to take a lot of convincing on any new currency following the collapse of the latest incarnation of the Zimbabwean dollar. - The Zim dollar continues to collapse in local and global markets due to the government’s ongoing printing of currency. - Many business continue to work with US dollar as a more reliable and functional currency within Zimbabwe - Investors may worry about where the government might acquire the gold for this latest currency ideas and could require more gold to be deposited into the central bank. - Caledonia Mining continues to mine gold and operate relatively unimpeded in Zimbabwe despite the past requests for funds to support ZanuPF campaigns. - We are not aware of miners having lost any assets to the government other than at the Marange diamond fields which were reported to be briefly annexed by a Chinese force some years ago. - From a mining perspective Zimbabwe continues to provide opportunity with an educated and skilled labour force and good access to expertise from South Africa. |
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