Kavango Resources Share Discussion Threads

[palace pete] 11/12/2024 09:48

Been in this year's not sure I'll get much joy from it mostly gnored now.

[cat33] 27/11/2024 12:08

Good piece on Kavango from Jim https://mining.beehiiv.com/p/jim-s-mining-letter-november-26-2024Worth reading

[apotheki] 25/11/2024 11:40

SP Angel . Morning View .

Kavango Resources* (KAV LN) 0.75p, Mkt Cap £12m – Drilling underway at Prospect 3 in Zimbabwe

Kavango Resources reports that it has started drilling at its Prospect 3 in the Hillside gold project located in Matabeleland, southern Zimbabwe.

The drilling aims to “delineate a mineral resource to form the basis for an open pit mine, and to obtain sufficient sample to conduct metallurgical test work”.

Systematic drilling will comprise a “grid of 90m deep diamond core holes over the target area, on a 25m x 50m spacing with the goal of defining an initial resource containing at least 20,000oz of gold at > 0.5 g/t”.

“Samples from this program will be combined with bulk samples from artisanal pits to complete heap leach metallurgical test work. Metallurgical testing will seek to determine the metallurgical recovery of the gold contained in the mineralised material and guide the design of the heap leach … [and] … Selected core samples will also be used for geotechnical testing to aid in the open pit mine design”.

Prospect 3 is described as Kavango Resources’ “priority project in Zimbabwe … [with] … the highest potential to commence commercial production in the shortest amount of time, and with the lowest capital entry”.

“Artisanal miners are currently producing gold from 12 surface workings with at least 2 different vein orientations, from oxidized meta-sediments above a granodiorite intrusive next to … [drillhole] … NSDD0002”

Shallow mineralised intersections from the 3 exploration holes drilled to date at Prospect 3 include:

A 1m wide intersection grading 1.13g/t gold from a depth of 14m in hole NSDD-001; and

A 2m wide intersection at an average grade of 1.21g/t gold from a depth of 6m in hole NSDD-002 which also intersected 1m grading 1.77g/t gold at 13m and 8.2m averaging 3.08g/t from 66.9m; and

A single metre grading 2.08g/t gold at 28m depth in hole NSDD-003.

The announcement describes these intersections as “close enough to surface to represent a possible open-pit gold deposit”.

Explaining that “artisanal workings have focussed on higher-grade material, but to a limited and shallow extent … [Chief Executive, Ben Turney, said that the] … high level of artisanal workings across Prospect 3 is strongly indicative of the area's potential for larger scale, near surface gold deposits that Kavango can mine”.

Conclusion: Kavango Resources is drilling to delineate a resource at Prospect 3 where it hopes to establish a shallow resource amenable to open-pit mining in an area of existing artisanal mining activity. We await the results with interest.

*An share price Angel Analyst holds shares in Kavango

[apotheki] 25/11/2024 11:37

FE Comment - Kavango Resource Drilling Starts - 'Buy' Rec

Resource Drilling Commences

Kavango Resources (KAV.L) this morning announced that it had started resource drilling on its Prospect 3 target on the Hillside Gold Project in Zimbabwe. The plan is to define a mineral resource that would form the basis of an open pit mine and then to gather enough sample data to perform metallurgical test work. The management have identified ‘Prospect 3’ as holding the best potential to start “commercial production in the shortest amount of time, with the lowest capital entry”.

FE Comment: - We continue to rate Kavango Resources as a ‘Buy’, as outlined in our research note from 8 March 24, for the manifold of near-term gold revenue opportunities in Zimbabwe and high-impact copper exploration potential in Botswana. The shares are trading at 0.75p, representing a discount of over 50% to the 12-months highs of 1.60p reached during the summer months, despite the background of a favourable gold price that continues to trend upwards.

[jp2011] 25/11/2024 08:17

Total absolute p1ss take, 20,000oz target, so what, not world class. KAV is worth 0.2p not the current 0.775p

[spangle93] 25/11/2024 08:03

... by which time we'll have issued a load more shares at a discount price

[apotheki] 25/11/2024 07:40

Ben Turney, Chief Executive of Kavango Resources, commented:

"The high level of artisanal workings across Prospect 3 is strongly indicative of the area's potential for larger scale, near surface gold deposits that Kavango can mine.

The artisanal workings have focussed on higher-grade material, but to a limited and shallow extent. Our exploration team has identified much more extensive potential, which we will now test with a focussed drill campaign to develop a maiden mineral resource here.

Assuming this drill campaign is successful, we expect to move to a pre-mining, grade control drill campaign and metallurgical test work.

[danmart2] 23/11/2024 06:29

SP Angel trying really hard to ramp this junk share

They are making a gang of locals with spades and an old digger transporting mixed soils 20km (total insanity in Zim and hard to believe) to a tiny processing plant (that won’t be working 24/7 despite share price angels massive rampy assumption) seem an attractive investment opportunity

If you want to lose money, invest here

[apotheki] 22/11/2024 18:15

SP Angel . Morning View .

Kavango Resources* (KAV LN) 0.75p, Mkt Cap £11m – New gold process plant commissioned for Prospect 4 in Zimbabwe

Kavango Resources report identifies manufacturer to build a 100-200tpd gold process plant for its Prospect 4 .

Prospect 4 currently hosts artisanal workings with contract miners currently feeding Kavango’s process plant at Hillside some 20km away.

The area shows at least 8 mineralised vein shears currently being mined with visible gold in surface stocks from 4 of these vein shears.

The modular plant can easily be moved to other areas once Prospect 4 has been worked out.

Prospect 4 exploration assays show:

582 surface soil samples were taken over 1.5km² with a peak value of 8.21g/t
19 samples returning grades >0.5g/t (announced >>> 19 August 2024).

2.53m intersection grade 29.08g/t from 97.47m, associated with visible gold and a peak grade of 212.07g/t over 0.34m

The current contractors are working to less than 30m depth with the above drillhole potentially indicating more ore to be won below this level.

The current process plant at Hillside can process 40-50 t/d (~13,000tpa assuming 24/7 working and 80% availability).

Prospect 4 drilling: 4 holes planned to 500-600m depth to test the continuity and depth extent of visible gold bearing quartz-vein shears

>12 sub-parallel vein sets have been identified with a 2.53m mineralised section grading at 29.08g/t in Hole SKDD001

Extensive surface sampling also returns positive results.

Prospect 3: two rigs currently drilling.

TEA ‘Technical Economic Assessment’: assays will guide a ne TEA for the project
Management are confident Prospect 4 can sustain a minimum 100t/d plant and potentially a 200t/d plant based on current activity and observed vein sets.

Conclusion: Kavango are pressing ahead to increase exploration at production at Prospect 4. Management are also looking at exercising their option to acquire the Nara deposit which is around the historic Nara gold mine.

*An share price Angel Analyst holds shares in Kavango. The analyst holds shares in Kavango.

[apotheki] 22/11/2024 07:15

Ben Turney, Chief Executive of Kavango Resources, commented:

"Following our recent announcement of resource drilling at Prospect 3, we continue at a fast pace of development at the Hillside Gold Project with plans for an underground high-grade gold operation at Prospect 4.

We have high hopes for the next phase of drilling at Prospect 4. We've identified 12 sub parallel vein sets, intersected a 2.53m mineralised section grading at 29.08g/t in Hole SKDD001 and have conducted extensive surface sampling that has returned very positive results.

Once we have finished drilling at Prospect 3, we will mobilise the two rigs to Prospect 4 to conduct the next phase of exploration there. As well as assay tests, we intend to complete metallurgical test work on core samples from the next four holes. Our goal will be to use this data to guide the Technical Economic Assessment (TEA) for this project.

Given the amount of current high-grade small-scale mining at Prospect 4, we will work on the specification for a more advanced processing plant in parallel to exploration. We are confident production at Prospect 4 can sustain a minimum 100t/d plant and potentially a 200t/d plant in the near-term.

Our plan is then to use free cash flow generated through the new processing plant to pay for the TEA. If results are favourable, the final TEA for Prospect 4 could provide a blueprint for substantially higher gold production for Kavango.

We look forward to providing more updates in the New Year."

[apotheki] 20/11/2024 14:40

SP Angel . Morning View . Copper edges higher on signs of stronger demand

Kavango Resources* (KAV LN) 0.75p, Mkt Cap £11m – New target at Nara, Zimbabwe

Kavango Resources reports that analysis of historical data, coupled with the results from its drillhole NAKLLDD-001 which were announced in August, has helped identify a new exploration target at its Nara project in southern Zimbabwe.

The historic N1 mine, which reportedly “produced 72,468 ounces ("oz") of gold at an average grade of 10 grams a ton ("g/t) … before its closure in the early 1980s is currently being mined to 4-level by artisanal miners who are contracted to the current owner of Nara” is a priority target for exploration.

“Kavango holds an option to acquire Nara until June 2025”.

Previously reported results from hole 001, include:

2.1m averaging 1.54g/t gold from 54.9m depth, and single metre long intersection averaging 1.88g/t gold from235.5m and 3.78g/t from 241m; as well as
0.5m at an average grade of 7g/t from 237m depth; and
A single metre averaging 3.78g/t from 241m depth.

Examination of the historic information including the digitisation of “old mine plans and development sections of the historic workings at N1 … [lead Kavango Resources to believe that] … the higher-grade mineralisation intersected from 235.5m to 242m coincides with the down dip extension of the N1 Main Reef, which was never developed or mined”.

In addition to the reinterpretation of the historic information and the recent drilling, “Induced Polarisation ("IP") surveying over the entire N1 mine zone subsequently identified a discrete resistivity low coincident with the central portion of the mine workings and the mineralisation intersected by hole NAKLDD001”.

Kavango Resources’ “technical team believes the IP results, along with the new zones of mineralisation intersected by hole NAKLDD001, offer compelling evidence for the continuation of gold mineralisation along strike of the N1 development workings”.

The company “has now begun to drill three holes along strike of hole NAKLDD001 into areas of the N1 mine zone that historic development data indicate to be entirely undrilled and with no known development

Hole NAKDDL002 and Hole NAKLDD004, will test whether gold mineralisation continues at depth in areas to the NW and SE of NAKLDD001 respectively, where historic development appears to be restricted to shallow levels near to the surface

Hole NAKDDL003 will test whether the mineralised structures at N1 mine extend into an area southeast of NAKDDL001 that appears to have never been mined”.

The company explains that “Successful completion of this programme will be followed by further drilling to establish grade and continuity in the new target areas”.

Commenting on the wider significance of improved geological understanding of Nara, Chief Executive, Ben Turney, said that “there are mines on the same regional structure as Nara that have been mined below 25 Level (>750m depth from surface), this could be developing into a significant opportunity for Kavango”.

Conclusion: Kavango Resources is following up its initial drilling results from Nara and improved geological understanding based on historic records with a limited 3-hole programme of additional drilling to establish depth and lateral continuity of gold mineralisation observed in historical and artisanal workings. We await results which, if successful, could trigger further exploration.

*An share price Angel Analyst holds shares in Kavango

[jp2011] 20/11/2024 09:03

No buyers, why? Karakubis RNS within next 3 weeks. Dilution about to go through the roof in next 6-7 months.

[apotheki] 20/11/2024 08:00

Ben Turney, Chief Executive of Kavango Resources, commented:

"Now that we understand more about the geological structures at Nara, we are pursuing the new underground potential energetically. We mobilised our drill rig to the project quickly and are testing the potential for a large-scale underground gold mine.

We targeted the ore body underneath the N1 historic mine in the first phase of drilling. On completion of the digitised wireframe model, we appreciated the significance of the drill results from Hole NAKLDD001. The high-grade gold intercepts between 235.5m and 242m depth coincide with the depth of a projected 7 Level in this mine.

Here, we intercepted 1m of gold mineralisation grading at 1.88g/t from 235.5m, 0.5m of gold mineralisation grading at 7g/t from 237m and 1m of gold mineralisation grading at 3.78g/t from 241m.

This is significant because historic mining at N1 only went down to 6 Level. One of the main unanswered questions we had about this was whether the ore body continued to 7 Level and below.

Levels 5 and 6 at N1 have flooded with slimes. While this has meant our exploration team has been unable to access these levels, it also means the ore body has almost certainly been protected from recent mining. This could present substantial near-term upside

Now that it appears we have confirmed the downdip extension at N1, we will test the lateral strike extent with the next three exploration holes.

Given that there are mines on the same regional structure as Nara that have been mined below 25 Level (>750m depth from surface), this could be developing into a significant opportunity for Kavango."

[danmart2] 07/10/2024 17:59

It’s a bad share

It’s created ZERO shareholder value

[alfred neuman] 05/10/2024 20:23

Looks like a bot

misoolisland - 05 Oct 2024 - 17:36:02 - 69262 of 69269
what assets do they have?
misoolisland - 05 Oct 2024 - 17:35:49 - 69261 of 69269
is this a good share?
misoolisland - 05 Oct 2024 - 17:34:58 - 465 of 467
what assets do they have?
misoolisland - 05 Oct 2024 - 17:34:44 - 464 of 467
is this a good share?
misoolisland - 05 Oct 2024 - 17:33:20 - 5709 of 5712
what assets do they have?
misoolisland - 05 Oct 2024 - 17:32:54 - 5708 of 5712
is this a good share?
misoolisland - 05 Oct 2024 - 17:32:20 - 75684 of 75686
what assets do they have?
misoolisland - 05 Oct 2024 - 17:32:06 - 75683 of 75686
is this a good share
misoolisland - 05 Oct 2024 - 17:31:31 - 5 of 6
what assets do they have?
misoolisland - 05 Oct 2024 - 17:31:17 - 4 of 6
is this a good share?
misoolisland - 05 Oct 2024 - 17:30:34 - 7616 of 7617
what assets do they have?
misoolisland - 05 Oct 2024 - 17:30:14 - 7615 of 7617
is this a good share?
misoolisland - 05 Oct 2024 - 17:29:15 - 9397 of 9402
what assets do they have?
misoolisland - 05 Oct 2024 - 17:28:59 - 9396 of 9402
is this a good share?
misoolisland - 05 Oct 2024 - 17:27:45 - 6409 of 6411
what assets do they have?
misoolisland - 05 Oct 2024 - 17:27:31 - 6408 of 6411
is this a good share?
misoolisland - 05 Oct 2024 - 17:27:06 - 9429 of 9431
what assets do they have?
misoolisland - 05 Oct 2024 - 17:26:49 - 9428 of 9431
is this a good share?
misoolisland - 05 Oct 2024 - 17:26:22 - 14372 of 14373
what assets do they have?
misoolisland - 05 Oct 2024 - 17:25:56 - 14371 of 14373
is this a good share?
misoolisland - 05 Oct 2024 - 17:25:17 - 33531 of 33538
what assets do they have
misoolisland - 05 Oct 2024 - 17:24:50 - 33530 of 33538
is this a good share?
misoolisland - 05 Oct 2024 - 17:18:24 - 41461 of 41465
what assets do they have?
misoolisland - 05 Oct 2024 - 17:10:38 - 41460 of 41465
Is this a good share?
misoolisland - 05 Oct 2024 - 17:04:29 - 20078 of 20080
What assets do they have?
misoolisland - 05 Oct 2024 - 16:58:41 - 20077 of 20080
Is this a good time to buy?

[jp2011] 05/10/2024 18:19

Good share?Historically no, it's been an absolute pig.The only real prospect is Karakubis and that campaign is going badly.

[jp2011] 05/10/2024 18:14

Hillside & Karakubis licences which were mostly purchased.There's no directly owned resource, although Hillside has 5-6 prospects and various drill assays. KAV is going straight into production without JORC resources.Nara is a $4m option, unclear if they'll proceed as assays weren't good.

[misoolisland] 05/10/2024 16:33

what assets do they have?

[misoolisland] 05/10/2024 16:32

is this a good share?

[cat33] 05/10/2024 16:09

Good piece from Jim https://mining.beehiiv.com/p/jim-s-mining-letter-october-5-2024Worth reading

[bukowski750] 04/10/2024 10:39

Why XRF and no mention of sending the core off to the assay labs, kiddo? I assume they're not going to bother with lab assays? In my humble opinion there's a word for this......duster! A Kav speciality!But that's just my humble opinion, which i am entitled to, and is in no way investment advice! DYOR!

[apotheki] 04/10/2024 09:50

SP Angel . Morning View . Gold ($2,660/oz) rallies again as Middle East tensions escalate



Kavango Resources* (KAV LN) 1p, Mkt Cap £16m – Update on Karakubis Project

Kavango Resources provides an update from their copper exploration programme in Botswana’s Kalahari Copper Belt.

The Company has drilled five holes and analysis suggests ‘the same stratigraphic sequences’ as Sandfire’s Motheo and MMG’s Zone 5 deposit.

Core analysis also suggests functioning structural ‘trap-sites217; and hydrothermal alteration.

pXRF analysis also suggests copper, silver, lead and zinc mineralisation.

Hole KCBDD006 returned

At 320m, bornite was recorded with a pXRF reading hitting 1.28% Cu.

At 541m of chalcopyrite was noted in a quartz vein with pXRF readings of 32% Cu

The exploration team is now conducting geophysical surveys to delineate drill targets for future campaigns.

The five holes account for 2,838m/5000m of the current programme.

The team notes the stratigraphy intersected in the current drilling programme varies from the surrounding region, but with similar sedimentary cyles seen at Sandifre’s Motheo and MMG’s Zone 5.

Geophysical surveying will also be used to better understand the structural setting, including IP to a depth of 1,200m and Controlled Source Audio MagnetoTelluric data.

Going forward, Kavango will complete the ongoing KCBDD007 hole, before focusing on geophysics and magnetotellurics. They will then continue the Phase 1 drilling programme.

Conclusion: Kavango is taking a methodical and sophisticated approach to better their understanding of the Karakubis area through a combination of drilling and geophysics. The Company is aiming to distinguish sedimentary cycles within the stratigraphy, whilst also identifying the main structural components of the area. Encouragingly, the Company notes the presence of copper sulphides alongside pathfinder minerals in veins.

*An share price Angel Analyst holds shares in Kavango