Kavango Resources Share Discussion Threads

[d220] 24/9/2019 16:41

Cheers for the link skiiboy!
I likes te talk of interest from big companies:
"the first intersection, give us a call"! :-)

[skiboy10] 24/9/2019 16:34

Kavango gets set to drill into three targets on the Kalahari Suture Zone

A contract with a local drilling company is likely to be signed before the end of September
Kavango Resources PLC -
The KSZ could be rich in nickel, as well as copper and platinum group elements

Kavango Resources PLC (LON:KAV) has selected targets for drilling at its Kalahari Suture Zone project in Botswana.

An initial 1,000 metre drill programme, using diamond core and/or reverse circulation drilling to test for sulphide mineralisation, is scheduled to commence in early October.

So far 77 conductors have been identified through two airborne electromagnetic surveys, covering 4,060kms on the KSZ in south-west Botswana.

Kavango has now drawn up a shortlist of 15 drill targets, following ground follow up survey work, and these have been ranked prospectivity.

Kavango has selected three of the most prospective targets to drill.

Kavango believes the KSZ geological model is analogous with the famous Norilsk/Talnakh and Voisey's Bay copper-nickel-platinum group elements massive sulphide deposits.

The hard rock geology of the KSZ area is obscured by 50-to-70 metres of recently deposited Kalahari sand, clays and calcretes. The company believes this has led to the KSZ being largely underexplored for minerals.

Kavango expects to sign a contract with an established local Botswana drilling company before the end of September and for mobilization to occur two weeks later.

“The three targets that have finally been chosen fit the company's geological model best and appear to be highly compelling,” said Kavango chief Michael Foster.

“They are relatively shallow and are located precisely where a magmatic sulphide deposit should be found. Preparation is now underway to get the drill rigs on site and the programme started.”

[skiboy10] 24/9/2019 13:49

Kavango Resources KSZ drill programme 'a potential game-changer'https://youtu.be/zkXH05pCqN4

[skiboy10] 24/9/2019 13:47

KAVKavango Resources (KAV LN) 1.8p, Mkt Cap £2.9m – Kavango selects new targets for 1,000m drill campaignKavango Resources has selected a number of targets for an initial 1,000m drill programme in Botswana.The drilling plans to test for sulphide mineralisation – the theory being that this should host nickel, copper or Platinum Group Metals as seen in the large Norilsk / Talnakh deposits in Siberia (Bushveld Igneous Complex in South Africa is layered and the genesis of the KSZ geological model is different).The Kavango team are focussing in on 15 drill targets out of 77 identified conductors as mapped using two airborne electromagnetic surveys.Three targets will be drilled in this first round with two of these into a large magnetic anomaly over a high level gabbroic, intrusive, magma chamberDrilling should start in early October.Kavango used SkyTem for a survey looking through the Kahalari sand, sandstone and other rock to an average depth of 400m which showed up a further 51 conductors.3D modelling on the data was used to identify targets which were further refined.Conclusion: Kavango is trying to identify deposits under the Karoo sediments using some high-tech remote sensing followed up with drilling. It's a bit like using a large magnet on a long string to find a set of keys dropped in a river but with the added benefit of not knowing where the keys were dropped or if they are magnetic.SP ANGEL - Morning Notes

[skiboy10] 24/9/2019 07:26

Nearly showtime!Michael Foster, Chief Executive Officer of Kavango Resources, commented:"It has been difficult to select just three drill targets from the large number of targets generated from the AEM data and our ground follow-up. The 3 targets that have finally been chosen fit the Company's geological model best and appear to be highly compelling. They are relatively shallow and are located precisely where a magmatic sulphide deposit should be found. Preparation is now underway to get the drill rigs on site and the programme started.We will announce to the market further details once we have signed the drilling contract, the drill collar positions have been confirmed and the start date established".

[skiboy10] 23/9/2019 12:44

SI Capital Broker Note 23 Sep 2019

[skiboy10] 23/9/2019 12:44

SI Capital Broker Note Sep 2019

[skiboy10] 23/9/2019 12:35

Updated Presentation Sep 2019

[skiboy10] 23/9/2019 12:34

Updated Presentation Sep 2019

[skiboy10] 20/9/2019 16:05

Seems as though news is close re: rig mobilisation for the start of drilling on the KSZ

[palace pete] 20/9/2019 12:31

Come on Kav!

[skiboy10] 19/9/2019 17:24

Kavango’s three projects in Botswana offer an excellent diverse potential for the discovery of nickel-copper-PGE, copper-silver and rare earth deposits. Listed on the Main Board of the London Stock Exchange (Standard List) - (KAV.L)

The Kalahari Suture Zone (KSZ) Project, a 450km long N-S magnetic structure of continental proportions, is a large scale nickel, copper, cobalt and PGE group exploration project in the southwest of the country. It is similar in its geological setting to the giant Norilsk deposits in Siberia. Kavango recently completed two phases of airborne electromagnetic surveys covering over 4,000 line-kms in the northern part of the KSZ. Numerous conductor anomalies were identified and located on the ground; drilling of the most prospective targets is planned for late Q3 / early Q4 2019

The Ditau Camp Project (Ditau) is a 7km long magnetic body with corresponding geochemical and gravity anomalies approx. 50km west of the KSZ structure. It is one of 10 significant ring structures in the two Ditau licences. Two recent drill holes and the discovery by Falconbridge of a carbonatite in the area indicate a large area of alkali intrusive bodies. Carbonatites are generally associated with rare earth minerals. Whilst the Company continues to add value to the project with some low cost (within the current budget) geophysical surveys at Ditau, the medium term plan is to attract a joint venture partner.

The Kalahari Copper Belt (KCB) extends in a northeast-southwest direction for at least 1,000 km from western Namibia to north-eastern Botswana. The KCB contains known sediment-hosted copper-silver deposits two of which are currently being developed into mid-tier copper-silver mines. Kavango will carry out geophysics surveys and soil sampling to identify copper hosting anticline structures. The KCB Project is the subject of a recently signed MOU with a private Botswana company, who hold two strategic but unexplored PLs in the KCB area, whereby Kavango can earn an interest in the two licences by spending funds on exploration.

Conclusion

Kavango’s three projects in Botswana, the Kalahari Suture Zone, the Ditau Camp Project and the Kalahari Copper Belt, offer an excellent diverse potential for the discovery of nickel-copper-PGE, copper-silver and rare earth deposits. Botswana is recognised as the best jurisdiction in Africa for business and with the Company’s very experienced management team the chances of success are high.

[d220] 18/9/2019 08:39

Articles like this should help:

[palace pete] 17/9/2019 12:57

Not sure of that but aim has changed over the years to a very wary platform on any news.

[thelung] 17/9/2019 12:25

And it will be a few months until the results of the percussion drilling are known, to then conclude a jv

[cashandcard] 17/9/2019 11:43

KAV management hold their cards close to their chest. Until a deal is sealed or clear results are released, the market has little to go on. Its just another explorer with an inkling of something like a thousand others out there.


Cash

[d220] 17/9/2019 11:17

I don't get it PP. Never mind, I have taken the opportunity for another £4.5k to average down.

[palace pete] 17/9/2019 10:55

So they announce a NDA with several big players and the market reaction is cold as ice. What's going on with the aim market.

[gasmanmick] 17/9/2019 10:31

Just bought more on dip Ditau is bonus play expecting results on KSZ note Fancamp have already found cu-ni-ohm at depths >700m which were no economically viable in 1996.
Also Kavango have previously worked with Rio in this part of Africa recently so expect them to be watching awaiting results.

[skiboy10] 16/9/2019 16:22

MiningMaven
‏ @theminingmaven
3h3 hours ago

Kavango Resources reveals ‘mounting evidence’ of mineralisation at #Ditau encouraging major JV partners (#KAV) …

@KavangoRes has signed NDAs with "several major & mid tier" potential JV partners



Kavango Resources reveals ‘mounting evidence’ of mineralisation at Ditau encouraging major JV partners (KAV)

Kavango Resources (LSE:KAV) was sitting at 1.74p on Monday after revealing ‘mounting evidence’ that its Ditau project in Botswana could host carbonatites – the primary source of rare earth elements (REEs) globally. If the company’s view bears fruit then this could be highly significant for the project. The fact that the firm has entered into non-disclosure agreements with “several major and mid-tier firms” about a possible Joint Venture here suggests this is being taken seriously. The next steps could prove to be extremely revealing.

In its update, Kavango said that further analysis of assay and geochemical results from its core drilling at the 1,386km2 site in February has suggested the presence of ‘fenitization’. This is a type of extensive alteration associated with what are known as carbonatites, geological bodies mined around the world for economic deposits of REEs such as neodymium and praseodymium.

Such elements have become highly sought after in recent years due to the use in the manufacture of the new generation of electric vehicles as well as in magnetics and other types of technology. Historically, carbonatites have also been mined for their phosphate content – primarily used in fertilisers – and their copper and uranium.

About one out of nine carbonatites worldwide have been mined commercially and one of the world's most productive carbonatites, Palabora, has been in production continuously since 1953. It remains to this day South Africa's principal source of copper.

Kavango also revealed that, after releasing drill results in August, it learned that a Canadian miner called Falconbridge previously drilled into three carbonatites fewer than 25km from Ditau in an area hosted by similar rocks. Although the business was looking for kimberlites – the world’s primary source of diamonds – Kavango said that carbonatites possess ‘similar-looking magnetic and gravity signatures’.

The carbonatites that Falconbridge intersected lie just below sand cover, making them amenable to lower-cost open-pit mining. Due to geological similarities between Ditau and the area drilled by Falconbridge, Kavango believes that any carbonatites discovered on its licence area are also likely to be relatively close to the surface.

With these similarities in mind, Kavango now plans to assess the geophysical and geochemical characteristics of the Falconbridge carbonatites to assist its exploration for the formations at Ditau.

Kavango’s analysis of existing airborne magnetic data at Ditau has also identified ten ‘ring structures’ that it claims to be typical of a type of magmatism that is often accompanied by the intrusion of carbonatite. Using existing funds, it will survey ‘some or all’ of these ring structures in a bid to identify carbonatite targets. It added it could then test these targets using relatively shallow and cheap percussion drilling.

‘The objective is to demonstrate over the coming months the existence of carbonatite within Kavango's Ditau licences,’ the business added.

Elsewhere, Kavango said that it had signed non-disclosure agreements with ‘several major and mid-tier companies’ concern possible future joint ventures at Ditau. It expects its work towards identifying carbonatites at the project to support these discussions.

The organisation’s chief executive Michael Foster added that there is ‘mounting evidence’ that Ditau is at the centre of a previously unrecognised alkali magmatic complex.

‘The current orientation exercise is designed to confirm the existence of carbonatite associated with the ten ring structures identified to date,’ he said. ‘A number of mining companies have shown interest in this project and we look forward to working with an industry partner to realise fully its potential.’

If Kavango is able to demonstrate more evidence that its Ditau licenses contain carbonatites that potentially host commercial deposits of mineralisation then it is entirely possible the business will secure a Joint Venture with a much larger firm. Even though the company has a portfolio of projects, further advancement alone at Ditau could be transformational.

To read our recent Q&A session about August’s Ditau drill results with Kavango’s director and chief geologist Mike Moles, please click here.



Author: Daniel Flynn