Kavango Resources Share Discussion Threads

[edjge2] 20/2/2020 15:12

gas yes got some mys3lf cos if it blows, it blows.

[gasmanmick] 19/2/2020 21:59

Skiboy I agree with most of that but details of funding not clear but primary sulphides found is game on and copper play is something they have been looking at for long time they believe they can make it work and use it and maybe Ditau to fund KSZ. So they want to fund KSZ themselves if possible because they believe in it and don’t want to sell out cheaply the management are heavily invested in the company and don’t want large dilution of shares. We have 80 targets and recent drill holes to survey with ground EM.we have footprints now we need to find the elephant. I topped up recently and look forward eagerly to the future.

[skiboy10] 19/2/2020 16:14

My takeaways from the Proactive interview KSZ Heat halos very large 8m+ either side this is significant Primary sulphides now proven - extremely important New ground based and down hole geophysics over the coming weeks Massive sulphide very likely exists - just need to find it!!!! Ditau work to continue soon No mention of data room or JV talks on KSZ or Ditau - perhaps too sensitive a subject at the moment??? KCB Known area two existing mines close by MOD / Sandfire Work programme already arranged Work to commence shortly Much less technical project Relatively straight forward exploration The KCB is already more of an established mining province than the KSZ Looks very much like some other approaches - not clear if by licence holders or other mining companies Combined deal on both KCB and KSZ to help with funding for both? This was not clear....but sounds very positive. Alludes to more licenses may be coming.

[skiboy10] 19/2/2020 16:14

My takeaways from the Proactive interview KSZ Heat halos very large 8m+ either side this is significant Primary sulphides now proven - extremely important New ground based and down hole geophysics over the coming weeks Massive sulphide very likely exists - just need to find it!!!! Ditau work to continue soon No mention of data room or JV talks on KSZ or Ditau - perhaps too sensitive a subject at the moment??? KCB Known area two existing mines close by MOD / Sandfire Work programme already arranged Work to commence shortly Much less technical project Relatively straight forward exploration The KCB is already more of an established mining province than the KSZ Looks very much like some other approaches - not clear if by licence holders or other mining companies Combined deal on both KCB and KSZ to help with funding for both? This was not clear....but sounds very positive. Alludes to more licenses may be coming.

[paleje] 18/2/2020 19:24

Thanks for the link skiboy. They're in the right postcode with the new jv but cash tight. No mention of the interested party they once had for Ditau and no mention of the Data room they were setting up.

[skiboy10] 18/2/2020 17:38

Kavango Resources team review KSZ drill results and discuss new copper JV Kavango Resources PLC's (LON:KAV) Michael Foster and Mike Moles caught up with Proactive London's Andrew Scott to chat through the recent joint venture agreement they've signed in respect of two prospecting licences in the Botswana section of the Kalahari copper belt. They also talk through the results of the recent drilling programme on its Kalahari Suture Zone (KSZ) project and what it means as far as the next steps. https://www.proactiveinvestors.co.uk/companies/news/913158/kavango-resources-review-ksz-drill-results-and-discuss-new-copper-jv-913158.html

[skiboy10] 18/2/2020 17:37

Kavango Resources team review KSZ drill results and discuss new copper JV Kavango Resources PLC's (LON:KAV) Michael Foster and Mike Moles caught up with Proactive London's Andrew Scott to chat through the recent joint venture agreement they've signed in respect of two prospecting licences in the Botswana section of the Kalahari copper belt. They also talk through the results of the recent drilling programme on its Kalahari Suture Zone (KSZ) project and what it means as far as the next steps. https://www.proactiveinvestors.co.uk/companies/news/913158/kavango-resources-review-ksz-drill-results-and-discuss-new-copper-jv-913158.html

[dplewis1] 18/2/2020 16:19

Do not click that link - spam account

[gasmanmick] 18/2/2020 15:39

LSE showing buys as sells ????

[paleje] 17/2/2020 09:35

It also means 3 projects to fund, Skiboy, but they must think they'll be able to one way or another. We'll see, I'm wary of both our joint brokers, bucket shops come to mind. I notice you've asked about funding, quite right and thanks for sharing the email. You too Mick for the email feedback.

[entropick] 17/2/2020 08:23

KAV Kavango Resources picks up ground in Botswana HTTP://twitter.com/entropick/status/1229320346941173762

[skiboy10] 17/2/2020 07:07

So now it’s three potentially good projects all in business friendly Botswana.

[skiboy10] 17/2/2020 07:04

PRESS RELEASE 17 February 2020 KAVANGO RESOURCES PLC ("Kavango" or "the Company") Kalahari Copper Belt - Joint Venture signed Kavango Resources plc (LSE: KAV), the exploration group listed on the Standard Listing Segment of the main market of the London Stock Exchange and targeting the discovery of mineral deposits in Botswana, is pleased to announce that, following the announcement of a signing of a Memorandum of Understanding on 2 September 2019 between the company's 100% owned Botswana subsidiary Kavango Minerals Pty Ltd and the Botswana registered company LVR GeoExplorers (Pty) Ltd ("LVR"), the Company has now signed a Joint Venture Agreement ("JVA") in respect to two Prospecting Licences (PLs) situated in the Botswana section of the Kalahari Copper Belt ("KCB"). PL 082/2018 lies 30km north of MOD Resources' T3 mine development and is completely surrounded by MOD/Metal Tiger/Sandfire PLs including their T5, T6, T9, T10, T14 and T15 targets. The PL lies astride the main Ghanzi - Maun tarred highway. PL 083/2018 is close to the Namibian border south of the Trans-Kalahari Highway and adjacent to a block of PL's held by Kopore Metals Limited. The JVA provides for a staged Earn-In, which will give Kavango the right to earn up to a 90% interest in both or either of the PLs. The principal terms of the JVA are: · In the first 12 months following the signing of the JVA, Kavango will be obliged to spend BWP1.25m (circa £92,000) on each of the licences to acquire a 25% interest. · Kavango's interest in either of the PLs can be extended by further expenditure in 3 stages to earn a maximum of 90%. · Kavango will be the managers of the exploration and development but will have the option to withdraw at any time following a two month notice period. · Exploration of these licences will commence shortly. Michael Foster, Chief Executive Officer of Kavango Resources, commented: "The signing of the JVA with LVR represents 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. Our exploration programme will start shortly. We believe that the JVA with LVR represents excellent value for shareholders, who now have the prospect of acquiring an interest of up to 90% in these PLs. We will continue to consider other opportunities in this exciting copper province in the coming months." 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. Notes for Editors: Sedimentary copper deposits are attractive to mineral exploration companies because they can form orebodies that compete with porphyry deposits on tonnage but are generally of higher grade. Examples include the Polish Lubin deposit with 2.6Bt @ 2% Cu and the Congolese Kamoa-Kakula deposit with 2.6Bt @ 2.6% Cu. They can also contain 'pockets' of several hundred million tonnes at over 4% Cu. A compilation of all sediment-hosted copper deposits globally shows that 19 of the 28 known giant deposits, defined as >2Mt of contained copper, occur within Southern Africa. The most recent deposit to join the giant category is Cupric Canyon's Zone 5 discovery in the Kalahari Copper Belt in Botswana, along strike of MOD's T3 deposit. It establishes the Ghanzi-Chobe basin as only the seventh basin globally to host a giant sediment-hosted copper deposit. To date, the Ghanzi-Chobe belt holds ~7Mt contained Cu in several deposits, with resource grades ranging from 0.9%-2.2% Cu at an average 1.4% Cu grade, well above the average (<1% Cu) feed grade of copper mines globally. Of the well-endowed belts globally, the Kalahari Copper Belt is the only one with an accelerating discovery rate. Of note, the belt shows potential for both open-pit and underground mineable resource styles. For further information please contact: Kavango Resources plc [phone] Michael Foster [e-mail] SI Capital Limited (Joint Broker) [phone] Nick Emerson Turner Pope Investments (TPI) Limited (Joint Broker) [phone] Andy Thacker / Zoe Alexander

[skiboy10] 17/2/2020 07:04

PRESS RELEASE 17 February 2020 KAVANGO RESOURCES PLC ("Kavango" or "the Company") Kalahari Copper Belt - Joint Venture signed Kavango Resources plc (LSE: KAV), the exploration group listed on the Standard Listing Segment of the main market of the London Stock Exchange and targeting the discovery of mineral deposits in Botswana, is pleased to announce that, following the announcement of a signing of a Memorandum of Understanding on 2 September 2019 between the company's 100% owned Botswana subsidiary Kavango Minerals Pty Ltd and the Botswana registered company LVR GeoExplorers (Pty) Ltd ("LVR"), the Company has now signed a Joint Venture Agreement ("JVA") in respect to two Prospecting Licences (PLs) situated in the Botswana section of the Kalahari Copper Belt ("KCB"). PL 082/2018 lies 30km north of MOD Resources' T3 mine development and is completely surrounded by MOD/Metal Tiger/Sandfire PLs including their T5, T6, T9, T10, T14 and T15 targets. The PL lies astride the main Ghanzi - Maun tarred highway. PL 083/2018 is close to the Namibian border south of the Trans-Kalahari Highway and adjacent to a block of PL's held by Kopore Metals Limited. The JVA provides for a staged Earn-In, which will give Kavango the right to earn up to a 90% interest in both or either of the PLs. The principal terms of the JVA are: · In the first 12 months following the signing of the JVA, Kavango will be obliged to spend BWP1.25m (circa £92,000) on each of the licences to acquire a 25% interest. · Kavango's interest in either of the PLs can be extended by further expenditure in 3 stages to earn a maximum of 90%. · Kavango will be the managers of the exploration and development but will have the option to withdraw at any time following a two month notice period. · Exploration of these licences will commence shortly. Michael Foster, Chief Executive Officer of Kavango Resources, commented: "The signing of the JVA with LVR represents 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. Our exploration programme will start shortly. We believe that the JVA with LVR represents excellent value for shareholders, who now have the prospect of acquiring an interest of up to 90% in these PLs. We will continue to consider other opportunities in this exciting copper province in the coming months." 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. Notes for Editors: Sedimentary copper deposits are attractive to mineral exploration companies because they can form orebodies that compete with porphyry deposits on tonnage but are generally of higher grade. Examples include the Polish Lubin deposit with 2.6Bt @ 2% Cu and the Congolese Kamoa-Kakula deposit with 2.6Bt @ 2.6% Cu. They can also contain 'pockets' of several hundred million tonnes at over 4% Cu. A compilation of all sediment-hosted copper deposits globally shows that 19 of the 28 known giant deposits, defined as >2Mt of contained copper, occur within Southern Africa. The most recent deposit to join the giant category is Cupric Canyon's Zone 5 discovery in the Kalahari Copper Belt in Botswana, along strike of MOD's T3 deposit. It establishes the Ghanzi-Chobe basin as only the seventh basin globally to host a giant sediment-hosted copper deposit. To date, the Ghanzi-Chobe belt holds ~7Mt contained Cu in several deposits, with resource grades ranging from 0.9%-2.2% Cu at an average 1.4% Cu grade, well above the average (<1% Cu) feed grade of copper mines globally. Of the well-endowed belts globally, the Kalahari Copper Belt is the only one with an accelerating discovery rate. Of note, the belt shows potential for both open-pit and underground mineable resource styles. For further information please contact: Kavango Resources plc [phone] Michael Foster [e-mail] SI Capital Limited (Joint Broker) [phone] Nick Emerson Turner Pope Investments (TPI) Limited (Joint Broker) [phone] Andy Thacker / Zoe Alexander

[skiboy10] 17/2/2020 03:21

Yes still all to play for. Cheers

[gasmanmick] 16/2/2020 18:30

Skiboy10 Thanks for posting MM email this is what I recieved. I have also asked MM how much ground surveys of these targets would cost and can the company fund this and any drilling of targets identified. Results of these surveys and possible drilling will be crucial in attracting a JV on good terms with majors. Still all to play for. Greetings from sunny St Lucia

[skiboy10] 16/2/2020 14:58

I also emailed the company about the salty water and if they would need to do the AEM surveys again. This is the reply [from Mike Moles] with permission to post / tweet etc.... Hi Tom Having drilled several conductors on the KSZ, it now looks as though salty water may have been responsible for, at least, some of the conductors here also. However, discussions with geophyscial consultants suggest that salty water may in some circumstances "mask" conductors that could be caused by the presence of massive sulphides. My understanding is that the EM signals are "absorbed" by the salty water in the sense that they are "used up" and therefore there is no signal left to detect the massive sulphide mineralisation. The consultants confirm that by increasing the power of the transmitter whilst at the same time reducing the signal frequency, one should be able to "see through" the conductivity of the salty water to identify conductivity generated by sulphide mineralisation. This can be done either down hole or from surface using suitable equipment (which is available locally). Kavango is determined to test this approach in the coming months and if it DOES appear to identify "conductors within a conductor" further drilling will be undertaken. The airborne EM surveys carried out on the KSZ do not need to be done again. (As far as I am aware, it is not (yet) possible to run AEM surveys at lower frequency or higher power). The surveys identified over 80 conductors. Some of these conductors may conceal massive sulphide deposits. These conductors therefore represent targets for further geophysical surveys (low frequency + higher power, ground based EM). The AEM surveys also allowed us to determine the geology down to depths of +/- 400m - including the location of the gabbro intrusives, which are the potential hosts to mineralisation. Bear in mind also that the drilling has contributed to the ticking of several important boxes that are required for the formation of magmatic sulphide deposits. In particular, we are encouraged by the confirmation that the sulphides found in the gabbro sills appear to be primary phases, which suggests that there was sulphur saturation at the time of magma crystalisation. Perhaps even more important is the strong evidence that the gabbro sills were "active" conduits, which conveyed large volumes of magma to the surface over an extended period, allowing time for the accumulation of metal sulphides within the intrusive body. It is perhaps also worth noting the existence of massive sulphide bodies at Insizwa (Eastern Cape) where a small magma chamber of similar age (same event) is exposed on surface. Kavango's contention is that massive sulphide bodies "should exist" on the KSZ - somewhere. - It is not going to be easy to find such bodies, which are likely to be only a few hundred metres in size, (in an area 450km long by up to 50km wide). There are no surface exposures, no gossans to follow or to drill on. Targets have to be generated by remote means – magnetic or EM geophysics, soil geochemistry, gravity surveying and computer modelling. Sometimes a technique does not work, or does not work as well as we had hoped. In this case we try a different approach or improve the technique. That is the nature of exploration. Evidence for the development of massive sulphide bodies on the KSZ continues to grow and this is reflected in the enthusiasm for the project by Kavango’s directors and management. The discovery of a significant magmatic sulphide deposit on the KSZ would give a huge uplift to the value of Kavango’s shares (the majority of which are still owned by the directors and management). We hope that shareholders such as yourself will stay with us. Any suggestions or constructive criticism are always welcome. Kind Regards Mike Moles Director

[gasmanmick] 14/2/2020 20:50

Have raised some questions with MM and I have had satisfactory replies. New tech with existing work done will improve the chances of finding what we all know is there but is admittantly going to be difficult to find. This is just a learning curve which Kav will learn from that I’m sure. I still have confidence in this company even though communication is not the best. I will be topping up good luck great buying opportunity.

[gasmanmick] 14/2/2020 14:22

The risk of salt water effecting EM surveys is well known so why was this not anticipated and the correct equipment used.

[thelung] 14/2/2020 13:19

paleje, ARCM is a better bet to benefit from that imo, although longer term KAV could surpass it in terms of potential if it successfully concludes the treasure hunt.

[paleje] 14/2/2020 09:43

Not directly relevant but RNS fom MTR this morning, CEO comment:- "In the context of our expectation of an increasing global requirement for copper production, and therefore exploration, we expect the Kalahari Copper Belt to become an increasingly more valuable area to be situated and are delighted to increase our interest in the area."

[d220] 14/2/2020 09:11

"The conformation that what they did find were primary sulphides was excellent news and this KEY point should not be overlooked " I completely agree - this was the standout part of the RNS for me and why I was surprised at the size of the fall. This puts us one step closer to the jackpot I believe. Although no geologist, I think this means that there IS mineralisation in the gabros, we just have to see exactly where it was deposited? Perhaps MM can enlighten us with one of his interviews today?