Kavango Resources Share Discussion Threads

[skiboy10] 22/5/2019 17:10

I might be wrong but I think both batches are being processed together as it's the most cost effective way of doing it. It's in the last RNS if I remember.

[captain james t kirk] 22/5/2019 17:04

Thanks for the reply but reading back through many of the previous posts I gathered that was for the second batch. The samples from the first drilling campaign were completed in late March. The results appear to be out of synch. Three months for one batch and circa 4-6 weeks for the second lot. Or have I completely mis read things ?

[skiboy10] 22/5/2019 16:49

17 May '19 - 18:27 - 420 of 464 Edit

Also I queried the company on 20 days and it is 20 business days so likely later June and if any slippage even early July.

[captain james t kirk] 22/5/2019 16:38

Skiboy10
Could you throw some light on the length of time the first batch of assays are taking please.

[skiboy10] 22/5/2019 16:29

For any newcomers

Ditau




Targets from phase one of the AEM helicopter surveys



So Ditau looks v promising with indicative economic cobalt and other metals TBD from the impending assays.

The targets from phase one of the AEM were followed up on the ground and produced a couple of very good looking drill targets. Diatu seems to have validated their zinc in soils sampling technique so what are the odds that the conductors below are also hosting massive sulphides?

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

"We are extremely pleased to be able to report that the initial AEM survey results show that a number of the conductive anomalies identified coincide with significant geochemical (zinc in soil) anomalies. Priority targets have now been followed up on the ground with AMT resistivity surveys and exciting potential drill targets have been identified, including at the Ditau Prospect, which forms part of the KSZ Project. It has been highly encouraging to note the effectiveness of Kavango’s exploration strategy and techniques, which are already beginning to deliver positive results."

[skiboy10] 22/5/2019 16:20

riley9 - Ditau though early stage has the potential to be a very big mine. It is 5km x 7km and they have mineralisation in the first two holes drilled which is very uncommon. The drill holes were 1.8km apart and the altered rock is 300m+. Assays due in the next month or so

The licence area KAV has is vast and from phase one of the AEM surveys there are several excellent looking drill targets to follow up on. Mike Moles said in a recent interview that Ditau is not even the best looking target.

We are also waiting for the results of phase two of the helicopter surveys (another 25% of the licence area 2000km +) which was flown with a much more advanced syetem so the results will be very interesting. Then there is still 50% of the licence area to fly at some point in the future. I think more work at Ditau and drilling on other prospects will be the focus for the next few months.

They have cash in the bank and I imagine will probably go the JV route on Ditau.

The warrants at 12p and 24p if exercised will generate approx 20M so probably no need for a fund raise if the assays from Ditau are good.

So in terms of share price who really knows but fully diluted there's approx 290M shares. If Ditau is as good as it potentially could be and other prospects also prove economic I'm pretty sure given enough time we would be looking at 200p+ maybe more but who knows!

[greatfull dead] 22/5/2019 15:26

Hi Westie,

Good to see you here too. Hope all is good with you.

100k and added!

I assume you bought in before the 100k you added today.

Your a man with a plan...

ATB,
GD

[greatfull dead] 22/5/2019 15:22

Riley,

Good to see you here. Over in the Emerald Isle things maybe looking up there too.

No guestimates of a target price from me, just to say IMHO KAV are a multi bagger and probably a lot more.

We are now waiting for assay and analysis results from a OZ laboratory. Should be here by June, hopefully...

GTB,
GD

[westmoreland lad] 22/5/2019 15:18

Hi GD -- added 100k at lunch time. Fingers crossed here. Could be massive !!

GL

[riley9] 22/5/2019 15:15

New to this - looks interesting, like the record of the CEO - anyone got a target price ? Cheers

[greatfull dead] 22/5/2019 14:58

tick tock....

gla,
gd

[greatfull dead] 22/5/2019 13:46

Yes nice...

GLA,
GD

[palace pete] 22/5/2019 09:02

Nice flow of buys

[greatfull dead] 21/5/2019 15:29

Nibble away guys and gals...

GLA,

[palace pete] 21/5/2019 15:20

Had a little dabble.

[d220] 21/5/2019 15:13

Yes, I took the opportunity of a top up at 3.94p which I hadnt expected to see again.....

[greatfull dead] 21/5/2019 15:02

Nice lull...

GLA,
GD

[d220] 21/5/2019 14:49

And another chunk for me at 3.94p. Didn't think I would be able to buy at below 4p again.....

[greatfull dead] 21/5/2019 13:39

Picked up a few more...

GLA,
GD