Kavango Resources Share Discussion Threads

[jp2011] 30/5/2024 12:41

KCB is the main value driver

[apotheki] 30/5/2024 11:00

For the record I hold both ARCM for the AA JV and KAV for the potential exploration upside

[apotheki] 30/5/2024 10:55

SP Angel . Morning View . Copper short squeeze fades as COMEX discount narrows

Arc Minerals (ARC LN) – IP survey results used to indicate drill targets in Kalahari in Botswana

Conclusion: This is early stage exploration work which will likely require substantial drilling before any particular conclusions can be drawn.

We would refer investors towards Kavango* which we see as better established and further ahead in its exploration in the Kalahari and we believe has better prospects for discovery in the region.

*See Below

Kavango Resources* (KAV LN) 1.58p, Mkt Cap £25m – Board appointments

· Kavango Resources has appointed Donald McAlister and Alexandra Rose Gorman to its Board and announced that Peter Wynter Bee is to assume the role of Deputy Chairman.

· Mr. McAlister is described as having “years of experience of operating in Zimbabwe and raising funds for many projects” and has previously served as “Finance Director of Mwana Africa plc, Ridge Mining plc and Reunion Mining plc and has served on the Board of Bindura Nickel Corporation and Freda Rebecca Gold mine, both in Zimbabwe”.

· Ms Gorman is a qualified geologist currently working as a mining analyst in London.

· Kavango Resources confirms that “CEO, Ben Turney, has moved to Zimbabwe to lead the business there” and that as “part of the restructuring, Brett Grist and Jeremy Brett will step down from the Company's board of directors with immediate effect. Brett will continue in his roles as Kavango's Chief Operating Officer and Company Secretary, while Jeremy will continue to in his role as a Senior Geophysical Consultant to the Company”.

· Chairman, David Smith, thanked “both Brett and Jeremy for their contributions during their time spent on Kavango's board. They have been instrumental in building the Company's strong presence in Botswana and Zimbabwe”.

· Commenting on the changes Mr. Smith said that “we have decided to restructure the board with a more commercial and strategic focus”.

*An share price Angel Analyst holds shares in Kavango

[paulhopeful] 30/5/2024 10:16

Good restructuring of the board, Both bring financial management experience. Donald Has lead numerous financing of mining ventures, and has significant experience working in Zimbabwe.. good to see he is a shareholder already, Company must be confident in our Zimbabwe Outlook. Alex seems to have many talents, Interestingly, has worked with Dave Catterall in Botswana So has direct experience of the Kalahari Copper Belt. Reassuringly, Peter Wynter Bee Assumes new role as deputy chairman, Looking Good.

[jp2011] 30/5/2024 09:18

If Turney left tomorrow, then KAV is in safe hands

[jp2011] 30/5/2024 09:15

He's invested 600k and I guess looking for 10-20p share price.

[apotheki] 30/5/2024 08:45

For those who understandably have concerns about the current CEO and perhaps also the current Chairman worry not in my view as this gentleman is thankfully clearly taking control of the company....

Peter Wynter Bee [assumes a new role as Deputy Chairman]

[apotheki] 30/5/2024 08:00

About the new directors

Donald brings years of experience of operating in Zimbabwe and raising funds for many projects. He was a founding director and remains on the board of Tertiary Minerals plc.

Previously he was Finance Director of Mwana Africa plc, Ridge Mining plc and Reunion Mining plc and has served on the Board of Bindura Nickel Corporation and Freda Rebecca Gold mine, both in Zimbabwe. He also worked at Enterprise Oil plc, Texas Eastern N Sea Inc. and Cluff Oil Holdings plc. He has over 20 years' experience in all financial aspects of the resource industry, including metal hedging, tax planning and economic modelling.

Donald's experience also includes the economic evaluation of gold and base metal mines and the arranging of project finance for feasibility studies and mine developments.

He was also involved in the listing of Reunion Mining plc on the Luxembourg and London Stock Exchanges and the listing of Ridge Mining on AIM.

Mr McAlister will take on the responsibility of Chairman of the Audit Committee.

Alex trained as a geologist and worked with Dave Catterall in Botswana. She is currently a Mining Analyst at Peel Hunt, covering small and mid-cap mining companies listed in London. Prior to that, Alex worked in BMO's commodities team, and in various analytical and consulting roles at Wood Mackenzie. She brings a wealth of banking and analytical experience.

Donald's and Alex's appointments will take effect following the Company's 2024 AGM which takes place on 6 June.

There are no disclosable matters which need to be announced in respect of Donald or Alex save that Donald holds 725,664 shares in Kavango Resources plc.

Further information in respect of the Company and its business interests is provided on the Company's website at www.kavangoresources.com and on X (formerly Twitter) at #KAV.

[apotheki] 30/5/2024 07:55

Director Appointments & Board Changes

Kavango Resources plc (LSE:KAV), the Southern Africa focussed metals exploration company, is pleased to announce a restructuring of the board to meet the future commercial needs of the Company.

Donald McAlister and Alexandra (Alex) Rose Gorman join the Board and Peter Wynter Bee assumes a new role as Deputy Chairman. Donald brings years of experience of operating in Zimbabwe and raising funds for many projects. He was a founding director and remains on the board of Tertiary Minerals plc. Alex is currently a Mining Analyst at Peel Hunt. Alex originally trained as a geologist and worked previously with Dave Catterall in Botswana.

As part of the restructuring, Brett Grist and Jeremy Brett will step down from the Company's board of directors with immediate effect. Brett will continue in his roles as Kavango's Chief Operating Officer and Company Secretary, while Jeremy will continue to in his role as a Senior Geophysical Consultant to the Company.

David Smith, Chairman of Kavango Resources, commented:

"As Kavango moves towards substantial revenue generation, we have decided to restructure the board with a more commercial and strategic focus. Our CEO, Ben Turney, has moved to Zimbabwe to lead the business there. This is already yielding significant results. In March, Kavango announced its maiden gold resource and moved into gold production. This represents a step-change for the business.

I would like to thank both Brett and Jeremy for their contributions during their time spent on Kavango's board. They have been instrumental in building the Company's strong presence in Botswana and Zimbabwe. Brett has done much to bolster our operational infrastructure and will carry on in his executive role. Jeremy has played a key role in modernising and sharpening Kavango's exploration capabilities and has brought in key senior specialists who have unlocked significant early-stage potential on the KSZ and Ditau projects. Jeremy will continue to consult for Kavango on the same terms.

With the Company now entering a crucial growth period, the board has decided to adopt a less executive and more strategic structure.

To this end, we are delighted to welcome Donald and Alex onto the board. Donald brings a wealth of financial management experience, having acted as finance director for a number of PLCs. He has led numerous successful financings of mining ventures and has significant experience working in Zimbabwe.

Alex, meanwhile, is a well-respected mining analyst for Peel Hunt. Alex brings with her a rare combination of technical geological and financial market experience. Alex completed a site visit to Zimbabwe in early May and has reviewed our progress there. Importantly, Alex also has direct experience of the Kalahari Copper Belt in Botswana, having started her career working for Dave Catterall on the Zone 5 Discovery 10 years ago.

I am delighted that Donald and Alex have agreed to join Kavango as directors. With their appointments, we have strengthened our board substantially. We now move forward into an exciting phase of growth, with even greater confidence."

[paulhopeful] 26/5/2024 21:49

Ben did mention adding an additional Stampmill at Hillside to double production capacity, Guess that wouldn’t be too expensive. Doesn’t take much to envisage the outcome when using higher grade feed. Quick look at gold modular plants, Surprised by the choice, Many suited to fit projects of different sizes and budgets. I wouldn’t call processing 1 million odd ounces of gold, Especially the higher grade Shallow ores small? There would be no rush to sell additional finds If we were lucky enough to get to that point, Surely we would just process until offered a reasonable price for the rest. Gold prices should rise when the fed cuts rates. A find of several million ounces sold at only 30 $ an ounce equals several fold of today’s markets cap, would we sell at that price with our own production facility already available? With perhaps later a gold modular unit? 1,000,000 ounces sold at today’s prices is worth over $2 billion .. Wouldn’t that be a good problem to have?

[jp2011] 26/5/2024 12:24

Developing a mine & processing plant for a 3moz resource would be expensive >$100m. But, Ben has talked about other financing ie forms of debt otherwise Purebond would quickly reach 99% of equity. BT has also talked about a modular plant at Hillside which can be expanded.My gut feel is KAV mining will do the small stuff upto 1m oz resource and the larger deposits will go to Caledonia. If KAV gets anywhere close to 10m oz they will get taken out, there's another big but, a recent deal in Zim valued a 1.3m oz resource at $10/oz which is peanuts vs $2300oz retail. If the economic/political situation in Zim improves & there are signs of change, then perhaps $20-30/oz.

[paulhopeful] 25/5/2024 23:49

3ootuk: Good to see you think a fully fledged processing Plant Would be needed, in your calculations. Interesting.. would need a major Find to make this necessary ? Guessing from your comments, you are not Invested. Agree at least one or more major finds Are on the way.

[3ootuk] 25/5/2024 19:37

Ben talks a good job.
A fully fledged processing plant will cost serious money and dilute current shareholders out of existence, or leave the company at the mercy of creditors who will take the lot for a pittance.

[paulhopeful] 25/5/2024 15:53

Progress Update was very buoyant, Interesting comment on Nara, ( Encouraging core visuals ) Sounds promising. Still think the best news is the gold found in the first three holes at Hillside, appears to lineup with what has been seen in the IP surveys, looks like the stars are starting to align there, Perhaps a roadmap to propel Kav towards its gold target Will include more IP surveys. I think Ben is presenting the news exceptionally well.

[andrzejs1] 24/5/2024 15:09

Buys as sells again

[paulhopeful] 16/5/2024 08:07

jp2011: Thank you that makes more sense, still a bigger target Then I imagined, Exciting times, presentation on the targets would be interesting.

[jp2011] 15/5/2024 22:43

The 100m tons copper is confusing, I think they mean ore which if commercial is 1-2% copper so upwards of 1m tons Cu, could be looking at NPV $2-3bn perhaps more. KAV think they have two mineralised systems of which one is being drilled with multiple targets. KCB is not without risk but if they hit copper then highly likely multiple finds within that system. KAV said they would give a presentation on targets.At the moment KAV have not drilled anything so numbers are either estimates or pure speculation. BT was questioned about ENRGs drilling which found nothing but traces & he said they were looking in the wrong place.

[paulhopeful] 15/5/2024 20:05

Excellent Focus R Investor webinar today, Lots of information, Pleasantly Surprised the target for Zimbabwe gold has now been increased to 10 million ounces, must be happy with what they are Seeing.. Almost fell off the chair when I heard the target for the Kalahari Copper belt is 100 Million tons.

[mwj1959] 15/5/2024 18:19

You might end up making more money in KAV, but TKO, who also presented at the forum, are a much easier company to own in this space - already producing a lot of copper plus a further significant mine coming on stream next year. And they're operating in a safe jurisdiction.

[jp2011] 15/5/2024 16:08

A bit of news and 2p goes?

[jp2011] 15/5/2024 15:53

He has moved to Zim & they are finding lots of gold.

[fillipe] 15/5/2024 15:53

KAV - the highest ASK on show is now at 2p.
Lowest on show ...1.7p

Totals of only 190k shares showing on each side of the bid/ask.

f

[janet07] 15/5/2024 14:57

KAV and KDNC Both flying this afternoon we be great to see these both in the top 5 gainers today worth a look