Kavango Resources Share Discussion Threads

[mwj1959] 15/5/2024 13:47

As a matter of interest what qualification does Ben have to be CEO of such a business? His CV is the most threadbare one I've seen for a mining CEO.

[jp2011] 15/5/2024 08:22

https://www.youtube.com/watch?v=ye3zEYQR3BEFocus IR presentation was excellent, BT was second up on the list

[paulhopeful] 14/5/2024 08:18

Great time to be drilling the Kalahari Copper Belt.. With copper futures Holding ahead of the $10,000 per ton threshold, and with bullish long-term demand for copper, Plus a tight Supply heightening concerns of incoming shortages.

[giantpeach2] 14/5/2024 07:28

14 May 2024

Kavango Resources

("Kavango" or "the Company")

BOTS - KCB landmark drill contract signed



Kavango Resources plc (LSE: KAV), the Southern Africa focussed metals exploration company, is pleased to announce that it is has placed a drill contract for the first phase of stratigraphic drilling on the Kalahari Copper Belt (KCB) Karakubis Project.

Highlights

· Contract placed for first phase of 5,000m diamond core drilling on the Karakubis Project tenements in western Botswana.

· Program comprises 10-15 holes and is expected to commence in June 2024.

· Contractor is Mitchell Drilling Botswana (Pty) Ltd ('Mitchell'), who have completed multiple successful diamond drilling programs in the KCB for other clients.

· Mitchell is a subsidiary of Mitchell Drilling International, a contractor who have drilled over 5 million metres for mineral exploration across the world.

· Drilling is designed to test stratigraphic position and structural features interpreted from heliborne electromagnetic (AEM) survey, previously reported (>>> 2 April 2024).

· Drilling aims to follow up:

1. Targets previously identified by a combination of historic AEM, and Induced Polarisation (IP) surveys, and geological interpretation on the recently acquired ENRG licences that were never drill tested, and;

2. New targets being generated from interpretation of Kavango's AEM, magnetic and gravity survey flown in December 2023 and January 2024.

· Drilling expected to last four months and will be undertaken in a phased programme starting with one rig and scaled up to two rigs drilling day and night shifts.

Ben Turney, Chief Executive Officer of Kavango Resources, commented:

"This is Kavango's best prepared and most important drill campaign. We are pursuing large-scale copper targets in the Kalahari Copper Belt. Our primary objective is to prove a copper mineralising system exists in our Karakubis licences. If we are successful, this will be transformational for our business.

We look forward to working with Mitchell to deliver a rapid drill program to test the structures and trap zones our team has identified. This program will be delivered quickly, starting with one rig and quickly scaling up to a second rig. We expect to complete drilling within 4 months.

While there are no guarantees in exploration, the work our team has done maximises our chances of success. We enter this landmark drill campaign with a sense of growing optimism."

[pieinsky] 10/5/2024 15:48

get your buckets and spades ready lads. not too deep to dig.

[citys2874] 10/5/2024 09:51

nice bounce up over the last week or so...great to see it bounce up

[paulhopeful] 10/5/2024 08:52

3 out of 3 is good, seem to hit gold everywhere at Hillside.

[fillipe] 10/5/2024 08:39

KAV - lowest ask on show now 1.5p.

f

[3ootuk] 10/5/2024 08:37

You can see why there's artisanal mining following the veins. There's the rub. How much overburden to process if you open pit and take the whole lot.

[jp2011] 10/5/2024 08:34

Market likes but unspectacular assays although does vindicate bulk mining strategy.

[hjfe] 10/5/2024 08:25

Good results - this is looking like a significant prospect that would be of great interest to one of the majors.

[giantpeach2] 10/5/2024 07:51

KAVANGO RESOURCES PLC

("Kavango" or "the Company")

Hillside Prospect 3 Assay Results

ZIM: Multiple zones grading >0.5g/t at Prospect 3

Kavango Resources plc (LSE: KAV), the Southern Africa focussed metals exploration company, is pleased to announce the first assay results from the Hillside Prospect 3 gold project ("Prospect 3") in Matabeleland, southern Zimbabwe.

Highlights

· Hole NSDD001 was a scoping hole sited to target mineralisation below multiple sets of artisanal workings at Prospect 3.

· NSDD001 was drilled to a total depth of 301.40 m and intersected multiple shear zones hosting sets of anastomosing gold bearing quartz veins and associated sulphide mineralisation, totalling over 40m grading >0.5 g/t gold.

· Mineralisation starts at 12m below surface and may be open-pit mineable.

· Induced Polarisation (IP) anomalies suggest the shears extend to depth.

· Best results* in the hole include:

- 5.00 m @ 1.68 g/t gold from 97.00 m.

- 0.97 m @ 2.14 g/t gold from 148.00 m.

- 1.00 m @ 3.10 g/t gold from 156.00 m.

- And includes 11.90m @ 0.92g/t from 148m.

· Interpretation of recently re-processed geophysics including drone magnetic data and IP data suggests Prospect 3 and Prospect 2 may be located on opposite margins of a major regional deformation zone that extends 1.2km southeast to Prospect 1.

· The recently reported BRDD001 (Prospect 2) is located along the northern margin of the same deformation zone, and the width of the deformation zone between Prospect 2 and Prospect 3 is now estimated to be approximately 600m wide.

· Kavango is currently planning an extensive ground IP programme designed to assess the extent and continuity of the (chargeability & resistivity) anomalies already identified to understand the extents of the broad shear zone.

· Additional drilling will then be planned to evaluate what appears to be continuity between Prospects 1 and 2, over the interpreted strike length of 1,200m.

· Results provide confirmation of a likely extensive mineralised system.

*All quoted thicknesses are apparent down hole intersection thicknesses



Ben Turney, Chief Executive of Kavango Resources, commented:

"Results from Prospect 3 emphasise the potential size of the shear system at Hillside. Our interpretation of data from IP and drone magnetic surveys over the area further confirms the potential for a larger-scale gold target than we originally anticipated.

We now need to follow up with multi-element testing of the remaining pulps from the fire assays and more drilling to confirm the extent to which the 1,200m by 600m target area is mineralised with gold.

We are particularly encouraged by the presence of broad zones containing gold mineralisation in both holes NSDD001 and BRD001. This fits our idealised model for bulk-minable deposits, and we look forward to bringing the drill rig back to Hillside in June."

[paulhopeful] 05/5/2024 16:17

The guardian: mining industry braces for multi billion pound Anglo American bidding war, Glencore is understood to be considering a takeover offer, BHP Could move again after initial rejection. The global mining industry is braced for a multibillion pound bidding war for Anglo American, Amidst growing speculation that mining companies are preparing Rival bids. Rio Tinto has also been linked to a potential 3 way Tug Of war over Anglo’s Vast reserves of copper.

[paulhopeful] 03/5/2024 09:42

JP2011: I was always told it’s best to look for commodities in and around where they’ve already been found, This approach is currently proving to be successful at Hillside, Two holes so far, two strikes on gold. Management will want a fair deal with plenty of skin in this, And it makes a very pleasant change to see a non-discounted accelerated book build. The backing from purebond is a welcomed game changer here.

[bill216] 02/5/2024 13:43

I suppose they have more info than you

[kdickson] 02/5/2024 13:05

SP Angel . Morning View .
Copper holds below $10,000/t as China physical demand indicators pick up.
Kavango Resources* (KAV LN) 1.2p, Mkt Cap £16m – Successful equity placing and Zimbabwe update.

Kavango Resources has completed its accelerated bookbuild.

The Company has raised £3m through the issue of 257m shares at 1.2p.

Purebond Limited underwrote the bookbuild, subscribing for 221m new shares.

CEO Ben Turney has subscribed for 2m shares, with NED Peter Wynter Bee subscribing for 16.75m new shares.

The Company will use the funds raised for advancing their exploration efforts in Zimbabwe and Botswana.

Diamond drilling will be conducted to test potential for an economic gold ore body at the Hillside/Nara projects in Zimbabwe.

5,000m of drilling is planned at the Kara Anticline copper target on the Kalahari Copper Belt in Botswana.

Funds will also be invested into Kavango’s gold production at Hillside, where management is looking to produce 1kg/month over the course of 2024.

Kavango also announced today it has exercised an option over the Hillside project, becoming the sole owner over a Hillside and Leopard South, for cash considerations totalling $650k.


*An share price Angel Analyst holds shares in Kavango

[jp2011] 02/5/2024 08:42

RNS very poor deal for KAV shareholders, factoring the CGT and revised terms $2-4m worse. Exact figure hard to estimate because depends on share price at a later date. CEO needs a decent accountant and to lay off the Jonnie Walker. I get PWB who is an insider has invested £700,000 but FFS what are they playing at? Leopard South would need to find at least 1m oz, but more like 2m if factoring in drill costs.

[paulhopeful] 02/5/2024 07:54

Will be interesting to see the plan to grow production at Hill Side. Two rigs at the Kalahari copper Belt will save time, good to see the presence of Galena and Sphalerite, important ores of lead, zinc, and a source of silver. Copper is often found in deposits with these metals.

[hjfe] 01/5/2024 13:57

Nice to see directors buying as part of the bookbuild.

[apotheki] 29/4/2024 10:54

SP Angel . Morning View . Copper prices hold $10,050/t as inventory levels tick lower

Kavango Resources* (KAV LN) 1.23p, Mkt Cap £16m – Initial MRE for Nara tailings project, Zimbabwe

· Kavango Resources has announced plans to raise £3m through the issue of 257m shares.

· The accelerated bookbuild will be undertaken at a price of 1.2p/share, underwritten by Purebond Ltd who are subscribing for 135m shares.

· Funds will be used to continue drilling at Hillside, where recent intersections included 7.2m at 9.95g/t Au. Focus will be on testing the target along strike.

· Kavango is set to begin its 5,000m drilling programme at their Karakubis Copper Project on the Kalahari Copper Belt, following some encouraging surveying and mapping.

· Funds will enable an accelerated programme by adding a second rig to the Karakubis Project.

An share price Angel Analyst holds shares in Kavango

[3ootuk] 29/4/2024 10:13

Still a bit of a lifestyle company, using other people's money.

[jp2011] 29/4/2024 09:23

It's dilution before drilling results from the last £4.4m raise

[palace pete] 29/4/2024 09:10

Dilution hope they get a big find.

[apotheki] 29/4/2024 08:40

Ben Turney, Chief Executive Officer of Kavango, commented:

"We are extremely grateful to Purebond for their continued strong support of Kavango.

As the prices of gold and copper continue to rise, this is an ideal time to make major discoveries in both metals. Thanks to Purebond's powerful financial backing, Kavango has developed its projects swiftly in Zimbabwe and Botswana. Today's £3.08million accelerated bookbuild will enable us to build on this momentum.

In Zimbabwe we recently announced results of two successful gold exploration holes at our Hillside Project. Highlights included 7.2m @ 9.95g/t at Prospect 2 and 2.53m @ 29.08g/t at Prospect 4. We will use some of the funds raised in the bookbuild to take the diamond drill rig back to Hillside to test the strike, width, and extent of these possible discoveries.

Meanwhile, in Botswana, we are about to embark on a 5,000m diamond drill programme at the Karakubis Copper Project, part of our extensive 7,500km2 mineral rights package in the Kalahari Copper Belt. Having recently completed detailed surveying and mapping, we believe we have identified the right geological setting and structural controls for potential large-scale copper/silver deposits across the Kara Anticline.

It now remains for us to test whether the Kara Anticline contains a copper mineralised system. Physical indicators are encouraging, with the presence of pathfinder minerals galena and sphalerite. We are keen to start this landmark drill campaign and will use some of the funds raised to deploy a second rig to the Karakubis Project. This will halve the time it takes for us to complete the programme.

If any existing Kavango shareholders wish to participate in the accelerated bookbuild, please contact our broker First Equity."

Participating in the Accelerated Bookbuild

Kavango's broker, First Equity, will coordinate the Accelerated Bookbuild.

To participate in the Accelerated Bookbuild please contact Jason Robertson:

Telephone: [phone]

Email: [e-mail]

[paulhopeful] 27/4/2024 16:40

Glad that others can see the potential for dividends in the future, Kav are in small scale production already, with plans to expand this soon. “We’re taking a staged approach towards building a multi-million ounce mineable Gold camp in Zimbabwe”. I like the idea of staged approach, they have plans to grow the small-scale side of the business, with long-term plan to build modular ore processing plant in stages, sounds good to me.