Kavango Resources Share Discussion Threads

[paulhopeful] 16/4/2024 12:46

So the Nara tailings contain Gold worth around 9 million sterling, with potential upside, could be a good add-on project.

[kdickson] 15/4/2024 12:18

First Equity

High Grade gold drilling results at Hillside.

This morning Kavango Resources plc (KAV.L) reported on high grade gold results from its Hillside project in Zimbabwe at ‘Prospect 4’.

Visible gold was identified from one of the drill core holes (SKDD001), that was sent for immediate testing, which then returned 2.53 metres at 29.08 g/t gold, along with a bonanza style grade of 212.07 g/t gold over a shorter interval for 0.34 metres. Further details and drill hole diagrams can be accessed via the button link below.


FE Comment:

These are impressive high-grade results which raises the likelihood that this prospect could be developed into a relatively near-surface underground high-grade gold mine. It also shows Kavango appears to be on path towards proving up over 1 million ounces of mineable gold and is making progress on its objective to identify large scale bulk mineable gold deposits.

The group is benefiting from an improved business environment in Zimbabwe since the change in regime a few years ago and its early mover advantage in the country. Against the background of gold prices that are trending upwards, which have already risen by around 14% since the start of this year and positive gold exploration and development news-flow being reported, leads us to re-affirm our ‘Buy’ recommendation on the shares.

[paulhopeful] 15/4/2024 11:50

Sinking a shaft to it will be no problem, can see now why Ben is all smiles. 28.35 grams equals 1 ounce.. where’s that shovel!

[kdickson] 15/4/2024 11:44

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

[paulhopeful] 15/4/2024 09:54

Our current small scale production at Hillside is using grades of less than 1 gram per ton. Already Kavango have found grades up to 212 grams per ton, from 1 drill.. above an ounce over 2.5 metres. plus this targeted area has twin sisters, demonstrates accurate drilling too, excellent start.. well done team.

[citys2874] 15/4/2024 08:32

Great start for KAV and TYM this morning .....nice buying pressure and great assay results

[jp2011] 15/4/2024 08:15

In terms of target area, it was the 4th ranked target at Hillside so think most investors will take it as a win.

[3ootuk] 15/4/2024 07:13

Mostly low grade apart from that highly rich thin vein?

[paulhopeful] 13/4/2024 15:53

jp2011: hi there, so 10p to 15p implies a market cap of around 131/196 million. Do you think that’s a fair approximate assumption of where things could go, if the company was lucky enough to hit its target at Nara ? Know ( if ) means nothing yet, thanks for any advice on how valuations are calculated, something I’m not good at, interested in how you come up with those figures.

[palace pete] 12/4/2024 16:14

Sandfire only 9p where do your calls come from?

[apotheki] 12/4/2024 12:15

First Equity

Nara Gold Project Magnetic Survey Completed

Kavango Resources plc (KAV.L) announced this morning it has completed a ground magnetics survey over its Nara Gold project in Zimbabwe. From this work, a 200-metre-wide interpreted shear corridor along a 5km strike has been defined and a number of additional exploration targets identified. Such shear zones are typically associated with large-scale bulk mineable gold deposits. The management also explained why it has been confident enough to upgrade its goal to find 2 million ounces of gold at Nara.

The RNS outlined some of the potential near term news events from its gold exploration projects in Zimbabwe, such as the multi-element test results later this quarter from 1,400 metres of drilling at Hillside and an update and results from first phase drilling at Nara. The full RNS can be accessed via the button link below.


FE Comment: Kavango seems to be making swift progress on its gold exploration and mining projects in Zimbabwe, where it has only been operational for the last 10 months. This has included the definition of a maiden gold resource and commencement of first gold production at Hillside as revealed last month.

The share price has been moving slowly higher in the past two or three weeks from near its all-time lows and is now breaking above 1.00p. This is the price at which Kavango secured £6m in a placing last year to finance its Botswana and Zimbabwe operations. Considering the improving fundamentals, recent new gold generated cash flow operations, sound balance sheet and prospect of near-term exploration and development news flow in the coming months, we continue to recommend the shares as a ‘Buy’ and believe the Company should warrant a much higher valuation than its current £13.7m market cap.

[jp2011] 12/4/2024 12:12

10-15p per share and that's ignoring Hillside or Karakubis

[apotheki] 12/4/2024 12:05

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

[smackeraim] 12/4/2024 10:18

Get your calculator out

[jp2011] 12/4/2024 10:10

KAV targeting >2moz

[paulhopeful] 12/4/2024 09:12

Good news from Nara, 200m interpreted shear corridor along a 5 KM strike. Sure there was a historic mine at hillside that produced 18,000 ounces from a 250 metre strike, maybe things are looking up.

[apotheki] 12/4/2024 07:45

FYI

SP Angel . Morning View

The Sesana project is located on the eastern edge of the Kalahari Copper Belt approximately 25km from “the producing Khoemacau underground copper-silver mine” and “next to Galileo Resources licence PL039/2018 and near ARC Minerals licence PL135/2017 (Virgo Copper-Silver Project), where a 3km long soil anomaly associated to the D'Kar / Ngwako Pan formations contact has been recently identified”.

Existing deposits in the Kalahari Copper Belt are usually found at the geological contact between the D’Kar Formation and the underlying Ngwako Pan Formation and today’s announcement describes a “regional airborne magnetic data … [which] … shows … a ca. 10km long stretch of the contact between the D'Kar and Ngwako Pan formations contact is passing through the northern part of the Tenement, along the eastern margin of a fold structure, which makes it a perfect setting for copper-silver mineralisation”;.

“Initial exploration work will include a combination of geochemical and geophysical exploration methods … [including] … Soil sampling associated to ionic leach assays is particularly suitable for the KCB context … [and a] … Detailed magnetometer survey will allow a detailed mapping of lithology and structures while induced polarization will allow the direct localisation of disseminated sulphides to allow accurate reconnaissance drilling planning”.

CEO, Cedric Simonet, explained that the “acquisition of the Sesana Project is in line with the implementation of Altona's portfolio diversification strategy”.

Conclusion: Altona Mining is joining the increasing exploration interest in Botswana’s Kalahari Copper Belt. We await news as exploration of the Sesana project proceeds.

[apotheki] 12/4/2024 07:44

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

[smackeraim] 12/4/2024 07:44

"We recently upgraded our goal at Nara to find 2 million ounces of gold. Today's survey results are particularly encouraging because we appear to have identified a 200m wide shear corridor along 5km of strike."https://www.londonstockexchange.com/news-article/KAV/zim-nara-project-ground-magnetic-survey-completed/16419876

[paulhopeful] 11/4/2024 18:02

Is that gold being pointed to in the core sample? They look interesting in the share talk pictures.

[paulhopeful] 06/4/2024 15:14

Perhaps RIO and Sandfire got it wrong? Maybe at 1.8 billion the Chinese paid too much for Khoemacau, it’s just to our north-east. Kavango holds a massive land package at the KCB .. In a midst the big boys, Drilling to start soon.

[danmart2] 06/4/2024 13:45

This is a lifestyle company in a terrible jurisdiction

[kdickson] 05/4/2024 11:46

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.