Kavango Resources Share Discussion Threads

[skiboy10] 11/9/2019 16:06

Yes new due on three fronts

Drilling at the KSZ
Potential JV on Ditau
Update at KCB

I think we'll be back to previous highs before too long

Current market cap is only 3.1M

[jone06] 11/9/2019 14:45

Somethings brewing, volume took off today... News of commencement of drilling the KSZ or farm in at Ditau?

[skiboy10] 11/9/2019 14:40

SP Angel - Morning Notes

Kavango Resources (KAV LN) 1.8p, Mkt Cap £2.9m – Earning up to 90% in two licences in the Kalahari Copper Belt

Kavango Resources reports that it has signed a Memorandum of Understanding with a Botswana company, LVR GeoExplorers, to farm in to up to a 90% interest in two exploration licences in the Kalahari Copper Belt in Botswana.

Over the first 12 months, Kavango is obliged to spend approximately £92,000 on each of the licences in order to acquire a 25% interest. Kavango, which will manage the exploration programme, can increase its interest in either licence by advancing the project to a bankable feasibility level.

The first of the licences (PL082/2018) is located approximately 30km north of MOD Resources’ T3 mine development project and is “completely surrounded by MOD/Metal Tiger exploration licences including their T5, T6, T9, T10, T14 and T15 targets.

The PL lies astride the main Ghanzi - Maun Highway.”
The second licence, PL083/2018, is close to the Namibian border “south of the Trans-Kalahari Highway and adjacent to the block of licences held by Kapore Metals Limited.”

Chief Executive, Michael Foster, described the agreement as “an excellent opportunity for Kavango to acquire an interest in some highly prospective ground in the KCB area, which is now regarded as one of the world's most promising under-explored copper provinces. We believe that the proposed Joint Venture with LVR represents excellent value for shareholders, who now have the prospect of acquiring an interest of up to 90% in these licences.”

He also confirmed that “We will continue to consider other opportunities in this exciting copper province, while our main focus remains the KSZ Project".

Conclusion: The offer by Sandfire to acquire MOD Resources has highlighted the exploration potential of the Kalahari Copper Belt. Kavango Resources’ success with its own exploration at KSZ and the expansion of its portfolio of exploration property within the Kalahari Copper Belt via the MoU with LVR GeoExplorers may prove to be particularly timely.

[skiboy10] 11/9/2019 14:35

Some decent sized trades going through

[skiboy10] 06/9/2019 19:04

Potential JV updates on Ditau too

[skiboy10] 06/9/2019 19:03

Not long to wait now for drilling on the monster KSZ. Rig mobilization by month end for an early October start? Only a few weeks away.It looks like they will be drilling shallower holes too down to only maybe 250-300m

[skiboy10] 02/9/2019 17:09

Full interview: Kavango farms into two licences on the Kalahari copper belt

Kavango Resources (LON:KAV) has signed a memorandum of understanding to farm into two prospecting licences in the Botswana section of the Kalahari copper belt.
Non-Executive Director Mike Moles tells Proactive London about the MoU and how the next few weeks will go before the exploration and development begins.
Under the terms of the farm-in deal, Kavango will have the right to earn up to a 90% interest in both or either of the licences.

[skiboy10] 02/9/2019 11:42

SP Angel - Morning NotesKavango Resources (KAV LN) 1.8p, Mkt Cap £2.9m – Earning up to 90% in two licences in the Kalahari Copper BeltKavango Resources reports that it has signed a Memorandum of Understanding with a Botswana company, LVR GeoExplorers, to farm in to up to a 90% interest in two exploration licences in the Kalahari Copper Belt in Botswana.Over the first 12 months, Kavango is obliged to spend approximately £92,000 on each of the licences in order to acquire a 25% interest. Kavango, which will manage the exploration programme, can increase its interest in either licence by advancing the project to a bankable feasibility level.The first of the licences (PL082/2018) is located approximately 30km north of MOD Resources' T3 mine development project and is "completely surrounded by MOD/Metal Tiger exploration licences including their T5, T6, T9, T10, T14 and T15 targets. The PL lies astride the main Ghanzi - Maun Highway."The second licence, PL083/2018, is close to the Namibian border "south of the Trans-Kalahari Highway and adjacent to the block of licences held by Kapore Metals Limited."Chief Executive, Michael Foster, described the agreement as "an excellent opportunity for Kavango to acquire an interest in some highly prospective ground in the KCB area, which is now regarded as one of the world's most promising under-explored copper provinces. We believe that the proposed Joint Venture with LVR represents excellent value for shareholders, who now have the prospect of acquiring an interest of up to 90% in these licences."He also confirmed that "We will continue to consider other opportunities in this exciting copper province, while our main focus remains the KSZ Project".Conclusion: The offer by Sandfire to acquire MOD Resources has highlighted the exploration potential of the Kalahari Copper Belt. Kavango Resources' success with its own exploration at KSZ and the expansion of its portfolio of exploration property within the Kalahari Copper Belt via the MoU with LVR GeoExplorers may prove to be particularly timely.

[skiboy10] 02/9/2019 11:41

Kavango Resources (@KavangoRes)2019-09-02, 03:34To clarify for several shareholders that have asked for further info on LVR (from today?s MOU) - they are 100% local Botswana individuals, some of whom are experienced geologists who were high up in the very well managed Botswana Geological Survey.#KAV

[skiboy10] 02/9/2019 11:39

SP Angel - Morning NotesKavango Resources (KAV LN) 1.8p, Mkt Cap £2.9m – Earning up to 90% in two licences in the Kalahari Copper BeltKavango Resources reports that it has signed a Memorandum of Understanding with a Botswana company, LVR GeoExplorers, to farm in to up to a 90% interest in two exploration licences in the Kalahari Copper Belt in Botswana.Over the first 12 months, Kavango is obliged to spend approximately £92,000 on each of the licences in order to acquire a 25% interest. Kavango, which will manage the exploration programme, can increase its interest in either licence by advancing the project to a bankable feasibility level.The first of the licences (PL082/2018) is located approximately 30km north of MOD Resources' T3 mine development project and is "completely surrounded by MOD/Metal Tiger exploration licences including their T5, T6, T9, T10, T14 and T15 targets. The PL lies astride the main Ghanzi - Maun Highway."The second licence, PL083/2018, is close to the Namibian border "south of the Trans-Kalahari Highway and adjacent to the block of licences held by Kapore Metals Limited."Chief Executive, Michael Foster, described the agreement as "an excellent opportunity for Kavango to acquire an interest in some highly prospective ground in the KCB area, which is now regarded as one of the world's most promising under-explored copper provinces. We believe that the proposed Joint Venture with LVR represents excellent value for shareholders, who now have the prospect of acquiring an interest of up to 90% in these licences."He also confirmed that "We will continue to consider other opportunities in this exciting copper province, while our main focus remains the KSZ Project".Conclusion: The offer by Sandfire to acquire MOD Resources has highlighted the exploration potential of the Kalahari Copper Belt. Kavango Resources' success with its own exploration at KSZ and the expansion of its portfolio of exploration property within the Kalahari Copper Belt via the MoU with LVR GeoExplorers may prove to be particularly timely.

[skiboy10] 02/9/2019 11:37

Kavango Resources (@KavangoRes)2019-09-02, 03:34To clarify for several shareholders that have asked for further info on LVR (from today's MOU) - they are 100% local Botswana individuals, some of whom are experienced geologists who were high up in the very well managed Botswana Geological Survey.#KAV

[skiboy10] 02/9/2019 07:15

Nice addition here with several mines already being developed along the belt. They have been looking at the Kalahari Copper Belt and this deal has been in the works for some time as the Feb 25th RNS states “The funds will also assist us to review other highly selective but potentially very interesting natural resource opportunities in Botswana.” This is probably why they raised the extra £250K.
It’s a good deal with minimum expenditure in the first year and it’ll give them a foothold into the KCB with I’m sure potentially more to come.

[skiboy10] 02/9/2019 07:08

2 September 2019

KAVANGO RESOURCES PLC

("Kavango" or "the Company")

Kalahari Copper Belt - MOU signed

Kavango Resources plc (LSE: KAV), the exploration group listed on the Standard List segment of the main market of the London Stock Exchange and targeting the discovery of world class mineral deposits in Botswana, announces the signing of a Memorandum of Understanding with the Botswana company, LVR GeoExplorers (Pty) Ltd to farm into two Prospecting Licences in the Botswana section of the Kalahari Copper Belt.

HIGHLIGHTS:

-- Earlier this year, Kavango Minerals (Pty) Ltd was approached by the Botswana registered company, LVR GeoExplorers (Pty) Ltd ("LVR") with a view to assisting them with the exploration of two Prospecting Licences ("PLs") in the highly prospective sedimentary copper province known as the Kalahari Copper Belt ("KCB").

-- Following subsequent negotiations, Kavango has now signed an MOU with LVR that provides for a staged Farm-In, which will give Kavango the right to earn up to a 90% interest in both or either of the licences.

-- In the first 12 months following the signing of the Farm-In Agreement, Kavango will be obliged to spend BWP1.25m (circa GBP92,000) on each of the licences to acquire a 25% interest which has already been allocated within the current budget.

-- A 90% interest in either licence can be earned by taking a project through to bankable feasibility.

-- Kavango will be managers of the exploration and development but will be allowed to withdraw at any time following a two month notice period.

-- PL 082/2018 lies 30km north of MOD's T3 mine development and completely surrounded by MOD/Metal Tiger exploration licences including their T5, T6, T9, T10, T14 and T15 targets. The PL lies astride the main Ghanzi - Maun Highway.

-- PL 083/2018 is close to the Namibian border south of the Trans-Kalahari Highway and adjacent to the block of licences held by Kapore Metals Limited.

-- Exploration of these licences will commence within four weeks of the signing of the Farm-In Agreement.

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

"The signing of an MOU with LVR GeoExplorers represents an excellent opportunity for Kavango to acquire an interest in some highly prospective ground in the KCB area, which is now regarded as one of the world's most promising under-explored copper provinces. We believe that the proposed Joint Venture with LVR represents excellent value for shareholders, who now have the prospect of acquiring an interest of up to 90% in these licences. We will continue to consider other opportunities in this exciting copper province, while our main focus remains the KSZ Project".

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.

Notes for Editors:

Sedimentary copper deposits are attractive to mineral exploration companies because they can form orebodies that compete with porphyry deposits on tonnage but are of much higher grade. Examples include the Polish Lubin deposit with 2.6Bt @ 2% Cu and the Congolese Kamoa-Kakula deposit with 2.6Bt @ 2.6% Cu. They can also contain 'pockets' of several hundred million tonnes at over 4% Cu. A compilation of all sediment-hosted copper deposits globally shows that 19 of the 28 known giant deposits, defined as >2Mt of contained copper, occur within the Katanga basin. The most recent deposit to join the giant category is Cupric Canyon's Zone 5 discovery in the Kalahari Copper Belt in Botswana, along strike of MOD's T3 deposit. It establishes the Ghanzi-Chobe basin as only the seventh basin globally to host a giant sediment-hosted copper deposit. To date, the Ghanzi-Chobe belt holds 7Mt contained Cu in several deposits, with resource grades ranging from 0.9%-2.2% Cu at an average 1.4% Cu grade, well above the average (<1% Cu) feed grade of copper mines globally. Of the well-endowed belts globally, the Kalahari Copper Belt is the only one with an accelerating discovery rate. Of note, the belt shows potential for both open-pit and underground mineable resource styles.

For further information please contact:

Kavango Resources plc [phone]

Michael Foster

[e-mail]

SI Capital Limited (Joint Broker) [phone]

Nick Emerson

Turner Pope Investments (Joint Broker) [phone]

Andy Thacker

[skiboy10] 02/9/2019 07:07

2 September 2019

KAVANGO RESOURCES PLC

("Kavango" or "the Company")

Kalahari Copper Belt - MOU signed

Kavango Resources plc (LSE: KAV), the exploration group listed on the Standard List segment of the main market of the London Stock Exchange and targeting the discovery of world class mineral deposits in Botswana, announces the signing of a Memorandum of Understanding with the Botswana company, LVR GeoExplorers (Pty) Ltd to farm into two Prospecting Licences in the Botswana section of the Kalahari Copper Belt.

HIGHLIGHTS:

-- Earlier this year, Kavango Minerals (Pty) Ltd was approached by the Botswana registered company, LVR GeoExplorers (Pty) Ltd ("LVR") with a view to assisting them with the exploration of two Prospecting Licences ("PLs") in the highly prospective sedimentary copper province known as the Kalahari Copper Belt ("KCB").

-- Following subsequent negotiations, Kavango has now signed an MOU with LVR that provides for a staged Farm-In, which will give Kavango the right to earn up to a 90% interest in both or either of the licences.

-- In the first 12 months following the signing of the Farm-In Agreement, Kavango will be obliged to spend BWP1.25m (circa GBP92,000) on each of the licences to acquire a 25% interest which has already been allocated within the current budget.

-- A 90% interest in either licence can be earned by taking a project through to bankable feasibility.

-- Kavango will be managers of the exploration and development but will be allowed to withdraw at any time following a two month notice period.

-- PL 082/2018 lies 30km north of MOD's T3 mine development and completely surrounded by MOD/Metal Tiger exploration licences including their T5, T6, T9, T10, T14 and T15 targets. The PL lies astride the main Ghanzi - Maun Highway.

-- PL 083/2018 is close to the Namibian border south of the Trans-Kalahari Highway and adjacent to the block of licences held by Kapore Metals Limited.

-- Exploration of these licences will commence within four weeks of the signing of the Farm-In Agreement.

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

"The signing of an MOU with LVR GeoExplorers represents an excellent opportunity for Kavango to acquire an interest in some highly prospective ground in the KCB area, which is now regarded as one of the world's most promising under-explored copper provinces. We believe that the proposed Joint Venture with LVR represents excellent value for shareholders, who now have the prospect of acquiring an interest of up to 90% in these licences. We will continue to consider other opportunities in this exciting copper province, while our main focus remains the KSZ Project".

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.

Notes for Editors:

Sedimentary copper deposits are attractive to mineral exploration companies because they can form orebodies that compete with porphyry deposits on tonnage but are of much higher grade. Examples include the Polish Lubin deposit with 2.6Bt @ 2% Cu and the Congolese Kamoa-Kakula deposit with 2.6Bt @ 2.6% Cu. They can also contain 'pockets' of several hundred million tonnes at over 4% Cu. A compilation of all sediment-hosted copper deposits globally shows that 19 of the 28 known giant deposits, defined as >2Mt of contained copper, occur within the Katanga basin. The most recent deposit to join the giant category is Cupric Canyon's Zone 5 discovery in the Kalahari Copper Belt in Botswana, along strike of MOD's T3 deposit. It establishes the Ghanzi-Chobe basin as only the seventh basin globally to host a giant sediment-hosted copper deposit. To date, the Ghanzi-Chobe belt holds 7Mt contained Cu in several deposits, with resource grades ranging from 0.9%-2.2% Cu at an average 1.4% Cu grade, well above the average (<1% Cu) feed grade of copper mines globally. Of the well-endowed belts globally, the Kalahari Copper Belt is the only one with an accelerating discovery rate. Of note, the belt shows potential for both open-pit and underground mineable resource styles.

For further information please contact:

Kavango Resources plc [phone]

Michael Foster

[e-mail]

SI Capital Limited (Joint Broker) [phone]

Nick Emerson

Turner Pope Investments (Joint Broker) [phone]

Andy Thacker

[jone06] 29/8/2019 16:28

I think it's fair to say we have plateaued

[thelung] 19/8/2019 20:12

Hopefully they dont have the same XRF machine as us 😂

[jone06] 17/8/2019 19:03

Thanks for the link skiboy. So, October for drilling. Let's hope they leave the hand held testing kit at home this time. The Q and A session was helpful but sounds like they will be wary of publishing field tests in the future.

[skiboy10] 17/8/2019 10:36

https://www.kavangoresources.com/investor-relations/presentations/download?path=Corporate%2BPresentation%2BAugust%2B2019.pdfwww.kavangoresources.com

[skiboy10] 17/8/2019 10:31

https://www.kavangoresources.com/investor-relations/presentations/download?path=Corporate%2BPresentation%2BAugust%2B2019.pdf