Kavango Resources Share Discussion Threads

[tonytony4] 03/2/2021 13:32

Still a seller about! Patience required here adding as and when I can.

[palace pete] 03/2/2021 10:25

This is still under so many radars.

[tonytony4] 03/2/2021 07:58

Good news.. slow and steady will do just fine.

[skiboy10] 03/2/2021 07:51

PRESS RELEASE

3 February 2021

KAVANGO RESOURCES PLC

("Kavango" or "the Company")

KSZ South new licences & extensive work programme

Kavango Resources plc (LSE:KAV), the exploration company targeting the discovery of world-class mineral deposits in Botswana, is pleased to announce it has secured two additional prospecting licences in the Southern Section of the Kalahari Suture Zone (the "Southern Section" of the "KSZ") and commenced an extensive work programme.

Highlights

v Two new prospecting licences awarded in the Southern Section

- The Company now has licences totalling 7,573.1km(2) on the KSZ.
v Through its work programme, Kavango will seek to develop its knowledge of the Southern Section to the same level as that of the northern (Hukuntsi Section). This will involve:

- Re-logging cores from 149 historic drill holes
- CSAMT and ground magnetic surveys
- Ground geophysics
- Development of a comprehensive 3D underground model
v Future field exploration to include:

- Time Domain Electromagnetic (TDEM) surveys
- Test-drilling of high-speed conductors, which may be large-scale magmatic sulphide deposits, identified within gabbroic intrusions

v Recruitment of new full-time geologist

Michael Foster, Chief Executive Officer of Kavango Resources, commented:

"We have refined sophisticated exploration methods over recent years at Hukuntsi. It is now time to leverage that experience in the Southern Section of the KSZ.

The new licences strengthen our strategic position in the Kalahari Suture Zone. Given the size of our company, this represents a significant opportunity. We have already gathered compelling evidence that this region experienced extensive geological activity during the Karoo Age, which was conducive to the formation of large-scale magmatic sulphide deposits.

The new work programme will significantly widen our search in our efforts to discover commercial mineral deposits."

Exploration plans for the Southern Section

In H2 2020, Kavango applied for two new prospecting licences in the KSZ Southern Section to extend its existing ground holdings.

The Company is pleased to confirm that these licences have now been awarded and that Kavango has commenced an extensive new regional work programme.

The Company's first goal will be to create an initial 3D magnetic model of the Southern Section, using the exploration methods and data gathering techniques refined on the northern (Hukuntsi) section.

The Company has started compiling data from historic drill holes in the Southern Section. This includes 137 water boreholes and cores from 12 diamond drill holes.

In parallel Kavango will carry out ground magnetic and CSAMT surveys across the Southern Section, to map the area's geology and stratigraphy.

3D magnetic modelling using regional magnetic data, historic drill hole data, CSAMT data and ground magnetic data will be carried out, as soon as the Company has acquired all the necessary data sets.

Kavango expects to enhance the 3D model with follow up magnetic surveys together with the TDEM technology currently being deployed at Hukuntsi.

Kavango's strategic objective will be to identify high-speed conductors at depth, which are situated within gabbroic intrusions for test drilling.

To accelerate this new exploration programme, Kavango will recruit a new full-time geologist.

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

Michael Foster

[e-mail]

First Equity (Joint Broker)

[phone]

Jason Robertson

SI Capital Limited (Joint Broker)

[phone]

Nick Emerson

Kavango Competent Person Statement

The information in this press release that relates to "geological and/or geophysical results" for the South Ghanzi Project is based on information compiled or reviewed by Mr Mike Moles BSc (Geology) & BSocSci (African Studies), a competent person who is a Member of the Australian Institute of Mining & Metallurgy. Mr Moles has sufficient experience that is relevant to the style of mineralisation and type of deposits under consideration and to the activity, which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves'. Mr Moles consents to the inclusion in this release of the exploration results for the Project in the form and context in which it appears. Mr Moles is a beneficial shareholder of Kavango Resources plc.

Note to Editors:

THE KALAHARI SUTURE ZONE

Kavango's 100% subsidiary in Botswana, Kavango Minerals (Pty) Ltd, is the holder of 14 prospecting licences covering 7,573.1km(2) of ground, including 12 licences over a significant portion of the 450km long KSZ magnetic anomaly in the southwest of the country along which Kavango is exploring for Copper-Nickel-PGM rich sulphide ore bodies. This large area, which is entirely covered by Cretaceous and post-Cretaceous Kalahari Sediments, has not previously been explored using modern techniques.

The area covered by Kavango's KSZ licences displays a geological setting with distinct similarities to that hosting World Class magmatic sulphide deposits such as those at Norilsk (Siberia) and Voisey's Bay (Canada).

The Norilsk mining centre is about 2,800km northeast of Moscow and accounts for 90% of Russia's nickel reserves, 55% of its copper and virtually all of its PGMs. Kavango's licenses in the KSZ display a geological setting with distinct geological similarities to the magmatic sulphide deposits at Norilsk. Magma plumbing systems are a key feature of these deposits.

KSZ DEFINITIONS

High Speed EM Conductors: are bodies of highly conductive minerals such as graphite, magnetite and metal sulphides, which conduct electricity very rapidly provided the mineral grains are in contact with each other.

Metal/Magmatic sulphide: Deposits of sulphide mineral concentrations in mafic and ultramafic rocks, derived from immiscible sulphide liquids. To view a video of how metal/magmatic sulphides form please visit -

[2prsimo] 03/2/2021 07:46

They don't let the grass grow do they - starting to get a bit exciting and still so much under the radar. Newsflow is excellent.

[soulsauce] 03/2/2021 07:39

More news. New KSZ licences and work programs.

[d220] 03/2/2021 07:38

RNS New KSZ Licences:
Hmmmn, why would they bother taking on new licences if they didn't think the EM survey had found something in their exisiting ones? ;-)
AND they are taking on another Geo to help with workload!

[skiboy10] 02/2/2021 12:36

SP Angel Morning View

Power Metal Resources* (POW LN) 2.7p, Mkt cap £27.8m – Further exploration progress at South Ghanzi

Kavango Resources (KAV LN) 2.7p, Mkt cap £8.3m

Power Metal is continuing to progress its South Ghanzi Project as part of a 50:50 strategic joint venture with Kavango Resources on the highly prospective Kalahari Copper Belt (KCB). The project includes two prospecting licenses covering an area of 1,294 km2 which includes lengthy geological redox boundaries, close to surface that represent prospective exploration targets.

The JV now intend to conduct an airborne electromagnetic and magnetic geophysics survey in parallel to ongoing ground exploration work which includes intensified soil sampling around target areas in order to advance the project and fast-track initial drill targets.

Kavango has signed a contract with SkyTEM Surveys to conduct 1,173km of airborne electromagnetic and magnetic geophysics survey over the project, which have previously been instrumental in helping other companies identify significant copper mineralisation and copper deposits in the KCB.

Survey flights are due to commence this month, alongside ongoing soil sampling and ground survey programmes.
The JV also expects to commence work on an Environmental Management Plan which will allow the drilling of key targets subject to positive outcomes from the current exploration work.

Paul Johnson, CEO of Power Metal Resources commented: "Both Kavango and Power Metal are eager to push ahead with ground exploration in the KCB, with the South Ghanzi Project demonstrating geological features similar to recent major copper/silver discoveries in the area.

In addition to exploration progress and in preparation for the potential listing of the JV on a recognised stock exchange, holding companies for the SJV have now been established with Kanye Resources Pty Ltd in Botswana and Kanye Resources in England.

[soulsauce] 01/2/2021 14:14

😄 nice one Spangle.

So we have a specific company name, surely only a short leap to a separate listing as the intention seems to be.

[spangle93] 01/2/2021 13:55

If they pick up licences to the west of KCB, I wonder what that JV will be called ;-)


On a more serious note, here's POW's take

Paul Johnson Chief Executive Officer of Power Metal Resources plc commented:

"Both Kavango and Power Metal are eager to push ahead with ground exploration in the KCB, with the South Ghanzi Project demonstrating geological features similar to recent major copper/silver discoveries in the area.

We now intend to conduct an airborne electromagnetic and magnetic geophysics survey in parallel to ongoing ground exploration work which includes intensified soil sampling around target areas. By doing this we will speed up the exploration process at this key stage, hopefully fast-tracking the delineation of initial drill targets.

There is a sense across the SJV team that the South Ghanzi project is shaping up rather well with each step forward. Having seen the benefits of a major discovery in the KCB previously, I am personally keen that we continue to push-on at pace."

[tonytony4] 01/2/2021 11:59

Electromagnetic surveys should get heads turning! Bod’s seem very confident and upbeat.

[skiboy10] 01/2/2021 11:19

1 February 2021

KAVANGO RESOURCES PLC

("Kavango" or "the Company")

Early commencement of AEM surveys in the KCB

Kavango Resources plc (LSE:KAV), the exploration company targeting the discovery of world-class mineral deposits in Botswana, is pleased to announce it has signed a contract with SkyTEM Surveys ApS, ("SkyTEM") to fly 2,389km of airborne electromagnetic ("AEM") surveys over the Company's interests on the Kalahari Copper Belt ("KCB").

Kavango's projects in the KCB include:

The South Ghanzi Project - 50% working interests in prospecting licences PL036/2020 and PL037/2020, to be held in a Strategic Joint Venture with Power Metal Resources (LSE:POW), which cover 1,294km(2) (the "POW SJV")

The LVR Project - Earning in a 90% interest in prospecting licences PL082/2018 & PL 083/2018, held in a Joint Venture with LVR GeoExplorers (Pty) Ltd ("LVR"), which cover 1,091km(2) (the "LVR JV")

Highlights

v Kavango and its Joint Venture partners are searching for commercially viable copper/silver deposits on the KCB

v SkyTEM is a leading airborne geophysical survey company based in Denmark.

v AEM surveys have been instrumental in identifying most of the copper deposits on the KCB

v SkyTEM will fly 2,389km of AEM, including:


- 1,173km over the South Ghanzi Project
- 1,216km over the LVR Project
v Final flight plans being prepared, targeting areas of interest over regional geological structures where promising soil anomalies have been identified, which conformed to Kavango's exploration model

v Flights to commence in February

v Further soil sampling and other ground surveying to continue

v POW SJV incorporated in England with subsidiary in Botswana

Michael Foster, Chief Executive Officer of Kavango Resources, commented:

"As we entered 2021 we promised to accelerate our field exploration, following the excellent progress we made last year. Our team has developed an increasingly comprehensive interpretation of the geological setting of our copper licences and we are well positioned to move to the next stage.

AEM surveys are a powerful technology in helping exploration companies identify targets for test drilling. Encouraging results from initial soil sampling revealed a number of targets for immediate airborne analysis.

The geology in the KCB is well documented with two copper/silver mines currently being developed. It is our belief that there is significant potential for further discoveries of major deposits."

KCB AEM Surveys & Further Exploration

SkyTEM acquires electromagnetic, magnetic and radiometric data from a helicopter platform. The highly accurate data it delivers is a critical component for subsurface exploration.

AEM data is gathered by transmitting an electromagnetic signal from a low flying helicopter. This signal induces current eddies in the ground, which are received by a large loop of coils carried underneath the helicopter.

This technology enables SkyTEM to detect variations in the conductivity of the underlying rocks to depths of over 300 metres. Processing and interpretation of this data will enable Kavango's exploration team to identify and differentiate any conductors encountered. Depending on the EM response, these conductors could become targets for future drilling.

SkyTEM will fly 2,389km of AEM on behalf of Kavango and its joint venture partners, including 1,173km over the South Ghanzi Project and 1,216km over the LVR Project.

Final flight plans are currently being prepared, guided by encouraging soil sample results from both South Ghanzi and the LVR Project.

Kavango has now signed a contract with SkyTEM to carry out the work, which is expected to begin in February.

In the meantime, the Company will continue to carry out further soil sampling and ground magnetic surveys at both South Ghanzi and the LVR Project.

POW SJV

Kavango announces that it has incorporated a new, privately held Plc in London called Kanye Resources ("Kanye"). Kanye will be the vehicle for the POW SJV. Kanye Resources Botswana Pty Ltd has also been incorporated as the local operating company for the POW SJV.

Kavango will commence the application process for environmental permits in the coming weeks.

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

Michael Foster

[e-mail]

First Equity (Joint Broker)

[phone]

Jason Robertson

SI Capital Limited (Joint Broker)

[phone]

Nick Emerson

NOTES TO EDITORS

KAVANGO'S INTERESTS IN THE KALAHARI COPPER BELT

Kavango's prospecting licences in the KCB include:

The South Ghanzi Project

- 50% working interests in prospecting licences PL036/2020 and PL037/2020 (totalling 1,294km(2) , to be held in a Joint Venture with Power Metal Resources (LSE:POW) (announced 21 September).

The LVR Project

- Earning in a 90% interest in prospecting licences PL082/2018 & PL 083/2018 (totalling 1,091km(2) ), held in a Joint Venture with LVR GeoExplorers (Pty) Ltd ("LVR").

[tonytony4] 31/1/2021 20:09

Interesting tweet! Fully funded for 2021 and into 2022! Results are imminent .Wouldn't worry too much about warrants a whiff of good news and this will absorb any warrants! Nice try though!

[catswhiskas] 31/1/2021 18:40

Back to 1P now as the warrants are exercised !

[tonytony4] 29/1/2021 14:22

Interesting RNS all but slowly.. let’s get these drill targets drilled and back to the market. Holding and adding gla.

[d220] 29/1/2021 14:18

Warrant selling will be irrelevant if there is half decent news on KSZ. DW, MM and HG seem to think it worth having more!
From today's RNS:
"the company believes that a number of drill targets are likely to be identified over the next few weeks"
Hint, hint! Why would they believe that then if the EM found nothing of interest?

[soulsauce] 29/1/2021 10:18

News out. We certainly are covering a lot of ground to narrow down the best targets.
Slow and steady wins the race - hopefully!!

[frost1] 28/1/2021 22:40

Of course they will exercise all the warrants at 1p. Even if price fell to 2p you still double your money.

[fbrj] 28/1/2021 19:24

Incidentally, the latest TR1 disclosures (27 Jan 2021) are difficult to reconcile. The last full disclosures were in the Nov 2020 prospectus. My calculations (probably not very accurate!) based on that and the latest TR1 show that MM's holding increased by 0.51m, HG by 2.80m, DW by 4.54m and MF by a net 3.63m - totalling approx 11.4m shares. The TR1 says the changes requiring disclosure happened on 26/27 Jan. I suspect they may well have something to do with the 14m shares issued to directors and senior managers on conversion of the loan notes. But if so, surely an announcement should have been made earlier?

[fbrj] 28/1/2021 19:02

Ski - surely it is very likely that all these 1p "A" warrants will be exercised at some stage? There are still some 50m outstanding, although by my rough calculations the directors and senior managers hold 14.4m of those from the loan note issue for £18000 cash and £92000 in lieu of remuneration. My understanding is that those 1p warrants can be exercised up to 28 April 2023 but if exercised before 28 April 2021 then a further "B" warrant, exercisable at 2.5p, will be issued also expiring on 28 April 2023. This A and B structure does seem a bit odd - maybe for CGT purposes?

[skiboy10] 28/1/2021 18:33

Kavango Resources
@KavangoRes
·
10h
#KAV #Botswana #Ditau #REE
𝐃𝐈𝐓𝐀9828; 𝐂𝐀𝐌𝐏 - 𝐑𝐀𝐑𝐄 𝐄𝐀𝐑𝐓9815; 𝐉𝐕
@KavangoRes encourages shareholders and new investors to visit the project page for the Ditau Camp REE project which is a 50/50 Joint Venture with @PowerMetRes
(LSE:POW)