Kavango Resources Share Discussion Threads

[jp2011] 28/6/2024 15:17

You wouldn't know from the share price KAV has 3 live drilling campaigns.

[paulhopeful] 24/6/2024 17:43

algernon2: I agree, This is just the beginning, Only three drill results so far from Hillside And all are Positive. The race hasn’t really started yet.. A leash of super fit greyhounds could emerge, Think the result at prospect 2 Was particularly good. Drilling is now underway in very perspective locations.

[jp2011] 24/6/2024 14:42

KCB drilling underway, could be transformational.Zim drill results very slow to materialise but not bad, Hillside Prospect 1 & Nara outstanding.Currently auger drilling Nara tailings, hopefully with a view to increasing resource, theory gold has migrated to bottom of sandy heap.Hillside Prospect 2, drilling two holes as we speak.Gold production c3Kg/mth by end of summer.There's a few Twitter posts but Turney relatively quiet on interview front.There's a lot going on & won't take much to break 2p at which point LTHs will be breaking even.

[algernon2] 24/6/2024 10:59

The "dog" is not yet dead Gentlemen! Patience and faith and a bit of luck only required.

[danmart2] 22/6/2024 23:04

Ben Turney still earning a nice wedge while hyping a dead dog

When is the next round of fund raising?

[cat33] 22/6/2024 13:33

Weekend summary from Jim https://mining.beehiiv.com/p/jims-mining-letter-june-22-2024Worth reading

[apotheki] 20/6/2024 10:51

SP Angel . Morning View . Copper prices strengthen as US market tightens again following short squeeze

Kavango Resources* (KAV LN) 1.35p, Mkt Cap £22m – Drilling underway in Zimbabwe

Kavango Resources has reported that drilling at its Hillside gold project in Zimbabwe has started in a campaign to follow up the results from the Prospect 2 target where hole BR DDD-001 intersected gold mineralisation beneath an historic mine and area of artisanal mining.

The company plans a further two holes to test the “strike continuation of the mineralisation intersected in BRDD001” which, in April, reported an intersection of 7.2m at an average grade of 9.95g/t gold from a depth of 50.61m and a deeper intersection of 2m at an average grade of 2.12g/t gold from 86m depth.

CEO, Ben Turney, said that the “next phase of discovery drilling at Hillside is extremely important for Kavango … [and will] … test the projected 162m strike extent that we've mapped from surface, based on known historic and artisanal mine workings”.

The drilling will be testing an induced-polarisation (IP) geophysical anomaly which “clearly maps the sulphide zone to the artisanal gold workings that have also been intersected in our drill hole. This is a powerful exploration tool that will enable us to map gold associated sulphides both down-dip and along strike ahead of future drilling”.

Conclusion: We look forward to results from the new drilling at Hillside as it tests the significance of IP anomalism in an area of artisanal mining.

*An share price Angel Analyst holds shares in Kavango

[paulhopeful] 19/6/2024 11:25

That’s a very interesting article listed on the London stock exchange board at 7:59. Loads of information, hillside is looking quite the ticket.

[jp2011] 18/6/2024 17:57

What does it say?

[cat33] 18/6/2024 15:23

Nice summary from Jimhttps://mining.beehiiv.com/p/jims-mining-letter-june-18-2024Worth reading

[apotheki] 17/6/2024 11:00

SP Angel . Morning View .

Kavango Resources* (KAV LN) 1.5p, Mkt Cap £21m – Botswana drilling to start this week

· Kavango Resources reports that it will start a 5,000m drilling programme to test priority shallow targets in the Kalahari Copper Belt in Botswana.

· The company says that it has identified 15 priority targets in its “located above interpreted, doubly-plunging fold structures over gravity highs where associated faulting is thought to be favourable for trap site development” for copper/silver mineralisation.

· The targets are relatively shallow at depths between 150-350m below surface.

· Chief Executive, Ben Turney, described the programme as “the most sophisticated drill campaign ever undertaken by Kavango”.

· He described how, having assembled “a wide ranging and comprehensive data set over Karakubis” the results were “compared … with what is known about major discoveries elsewhere on the Kalahari Copper Belt” to select specific targets.

The Kalahari Copper Belt is gaining increasing attention following recognition that the contact zone between the D’Kar and Ngwako Pan Formations hosts economic copper/silver mineralisation including at the T3 deposit of Sandfire Resources and at Khoemacau Mining’s Zone 5 deposit where, in February 2023, mining reached the targeted 300,000tpm rate.

Conclusion: We look forward to results from the drilling at Karakubis as the drilling progresses.

*An share price Angel Analyst holds shares in Kavango

[paulhopeful] 15/6/2024 17:20

Great to see the drill rig has arrived, Good luck everybody, Exciting times.

[apotheki] 14/6/2024 16:30

SP Angel . Morning View . Luxury brands discount products at an unprecedented rate in China in a sign of waning local consumer spending

Arc Minerals (ARC LN) 1.84p, Mkt cap £27m – Drilling starts at Virgo project in Botswana

Arc Minerals reports the start of drilling at the Virgo project in Botswana.

Management have worked up some drill targets based on the results of an Induced Polarisation survey along two trends of high chargeability.

These lie close to an interpreted redox contact.

This refers to an area where there is a change in the chemistry and particularly oxidising agents / reductants within the underling geology.

Arc is planning a 3,000m maiden exploration drilling campaign using relatively cheap, Percussion and Reverse Circulation drilling to take the holes through the Kalahari sand before extending the holes using more expensive Diamond Drilling.

The plan is for five holes using Percussion and RC drilling for 930m with a further 1,320m of DD to follow indicating the team expect to drill through around 186m of sand cover before drilling into harder rock below.

This indicates that any potential discovery will likely start at around 186m depth.

A further three holes will be drilled on a separate license for just 750m to test soil geochemistry with one hole to test a potential syncline.

Conclusion: We are big fans of structural geology and its ability to direct geologists towards new mineral discoveries, but we remain cautious over its ability to direct drilling to economic targets in the Botswana Kalahari due to the relatively deep sand cover.

We continue to favour Kavango Resources* which, we see as, substantially further advanced in its exploration of the Kalahari Copper Belt and is drilling 5,000m to test trap site structures associated with associated with doubly plunging fold targets and anticlines identified from modelling of Airborne ElectroMagnetic at around 200-300m depth. The level of sand cover makes exploration equally difficult and speculative for both companies.

*The analyst holds shares in Kavango Resources

[browngirl] 06/6/2024 18:59

thanks Paul

[paulhopeful] 06/6/2024 17:20

Browngirl: yes Ben brought 2 million shares back in May, Plus others on the Open market I believe. Deputy Chairman Peter Wynter Bee is in for a mind-boggling £750,000.

[browngirl] 06/6/2024 16:59

Paul
I thought the director purchase was bullish as well did he but 2million

[paulhopeful] 06/6/2024 12:05

jp2011: yes, but six months on ENRG Areas is not that long, Perhaps they’re especially confident with what has been seen there? The last two RNS Announcements on KCB Say drilling expected to commence in June. Within RNS 31st May: A large number of potential drill targets have been identified, Which will be ranked according to results of the IP surveys. Over 18 months work has generated more target areas than anticipated. Would think with 10-15 Drills in phase 1, but with Lots of targets, It’s A process of Prioritisation. Kavango Resources: Director purchase. We’re pleased to announce our Deputy chairman Peter Wynter Bee has increased his holding in Kav to 5.77 Percent. That shows massive confidence, They’re not the only ones pleased.

[jp2011] 05/6/2024 16:07

Paul: KAV has had 18 months to complete geophysics on the original KAV licences and at least 6 months on the acquired ENRG areas. Drilling was meant to start March and its looking unlikely in June. BT hasn't explained the delays or why the latest batch of tests is only taking place now? There is a possibility drilling is further delayed into Aug. BT talked about twin rigs, it's not about the money but getting the share price into a good place before the next raise in Nov/Dec.One thing I did notice is the ENRG related priority targets look to have changed which may have something to do with the contact depths. KAV is going for shallow targets first as a proof of concept. The last KAV RNS does talk about looking for pathfinder elements which is slightly at odds because PIs are looking for discoveries.

[paulhopeful] 01/6/2024 20:08

We can’t complain that it’s been going slow, And then say they aren’t allowing enough time for Geophysics? I would imagine they’re moving at the correct speed with the evidence they have to hand. Looks to me that the problem is they have too many targets to choose from ? So are trying to prioritise. Possibly, they will leave scope to adjust their plan as the drilling commences? Have seen Ben‘s guesstimate on what a reasonable find could be worth on success, my guess is that is conservative, if they hit their target. The current drill plan only covers a tiny part of the overall license area, Less than half a percent.. Makes you wonder what the rest of the license area could contain or be worth? Good luck to the team, Can see a lot of work has gone into this.

[jp2011] 31/5/2024 11:57

First Equity is a good assessment but then it should be! Have to say progress is very slow. A few weeks back KAV was talking about two drilling rigs to accelerate matters, now I wonder if drilling will start in July rather than June. There have clearly been issues with geophysics and we know to our cost PL082 what happens so no excuses this time.

[apotheki] 31/5/2024 11:30

SP Angel . Morning View . Copper holds as speculative positions unravel following epic short squeeze

Kavango Resources* (KAV LN) 1.5p, Mkt Cap £22m – High priority copper targets identified through geophysics in Botswana

Kavango Resources provides an update from its exploration programme on the Kalahari Copper Belt Karakubis Copper Project.

Geophysics have been conducted using Airborne ElectroMagnetics over the Block 1A of the Karakubis Project.

This has identified a potential contact point between lower D’Kar Formation and Ngwako Pan Formation.

This contact point has formed copper/silver deposits in the region.

The Company will now conduct Induced Polarisation over five high priority targets to rank for drilling.

Drilling is set to begin in June.

*An share price Angel Analyst holds shares in Kavango

[apotheki] 31/5/2024 11:25

First Equity

KCB Targets Identified & Drilling to Start in June.

Kavango Resources plc (KAV.L) this morning announced the identification of a number of high priority targets for a Phase 1 drilling programme of around 5,000 metres on its Kalahari Copper Belt (KCB) project in Botswana. The next news-flow from this project is likely to be results of the IP surveys to refine final targets and then activity relating to the start of drilling “in the coming weeks”. Further details and technical analysis can be found on the RNS button link below.

FE Comment:

The end game objective on the KCB project is to discover and identify one or several large-scale copper silver deposits. An example of what can be achieved in monetary terms and potential prize awaiting from a major KCB discovery is illustrated by the acquisition of the Khoemacau Copper Mine (Zone-5 deposit) deposit, announced late last year for the enormous sum of US$1.88 billion by Hong Kong listed MMG. Kavango believe its KCB targets are very similar to Sandfire Resources’ T3 and A4 deposits, which were obtained when it acquired Mod Resources for A$167m in 2019, when copper spot prices were around 40% less than today’s level.

We continue to rate the shares as a ‘Buy’ based on the near term high-impact drilling and ‘company making’ potential on the KCB project, along with the continued development and expansion of the Group’s gold producing assets in Zimbabwe.

[jp2011] 31/5/2024 08:23

Gradient Array Induced Polarisation is quite important and still outstanding

[apotheki] 31/5/2024 07:55

BOTS - Priority KCB Targets identified

Kavango Resources plc (LSE: KAV), the Southern Africa focussed metals exploration company, is pleased to announce the first high priority targets have been identified for Phase 1 of the drilling on the Kalahari Copper Belt (KCB) Karakubis Copper Project in Botswana.

Highlights

· Specialist geophysical consultant Emergo Srl has completed Inversions on Airborne ElectroMagnetic ("AEM") data over the central portion of Survey Block 1A of the Karakubis Project.

o Kavango interprets this area is underlain by lower D'Kar Formation ("DKF").

o The contact point between the lower DKF and Ngwako Pan Formation ("NPF") is known to coincide with major copper/silver ("Cu/Ag") deposits in the region.

· Kavango has identified five high priority target areas for immediate Gradient Array Induced Polarisation ("IP") surveys to refine drill targets.

o The high priority target areas are interpreted to be underlain by lower DKF stratigraphy, occupying a faulted block within the Kara Antiform, which lies along a gravity high believed to represent a basin margin setting.

o A large number of potential drill targets have been identified, which will be ranked according to results of the IP surveys.

· First phase of drilling, totalling approximately 5,000 m, designed to test trap site structures associated with doubly plunging fold targets and anticlines identified initially from modelling of AEM data as being relatively shallow, at ~200-300m.

· Diamond core drilling of selected targets will be undertaken by Mitchell Drilling, commencing in June.

· Further priority targets anticipated as data processing and interpretation are completed for survey results from Survey Blocks 1A and 1B.

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

"Kavango holds in excess of 6,200 km2 of highly prospective ground in the Kalahari Copper Belt. This is a very large land package with the potential to host multiple, large-scale copper silver deposits.

Over the last 18 months, our team has completed the painstaking task of compiling a wide array of exploration data to maximise our chances of drill success. This work has generated more target areas than we anticipated, which is especially positive for the overall potential of the Karakubis Project.

Although we still have further airborne data to process, the targets we have identified are already strong enough to be classed high priority. As such, we have decided to push ahead with drilling.

Our primary objective will be to prove that our target areas cover a copper mineralising system. We had previously reported the identification of favourable structural geology for possible trap zones. If we can now prove that copper mineralised fluids passed through the region our chances of success should increase significantly.

We look forward to the results of the IP surveys to refine final target selection and then to commence drilling in the coming weeks."