Kavango Resources Share Discussion Threads

[philjeans] 03/6/2020 09:22

A long way to go here now they have the licence.

Right place - right time.

[riley9] 03/6/2020 08:42

If it's of any use to anyone, IG now offer a market on KAV. Didnt a couple of months back.

[d220] 03/6/2020 08:11

So they got the licenses signed off at last! However, the really good news is:
"Acquisition of further licences underway"
They are building quite a footprint on the KCB. Can't be long before someone wants in on a JV, surely?

[philjeans] 03/6/2020 07:49

BINGO!

Excellent news!

[thelung] 28/5/2020 23:57

MiningMaven was founded by experienced investors Malcolm Palle and Paul Johnson

Paul Johnson, Chief Executive Officer, Power Metal Resources commented: "POW is building a portfolio of potentially exciting opportunities, with the conditional acquisition of the Ditau Project offering a great deal of promise

Paul Johnson, Chief Executive Officer of Power Metal Resources plc holds 5,091,544 shares in Kavango Resources plc ("Kavango") representing 2.71% of the issued share capital of Kavango

[skiboy10] 28/5/2020 23:22

Kavango hits on major geological formation with world-class nickel-copper-PGM potential (KAV)

Main market-listed Kavango Resources (LSE:KAV) has a secret hiding under trillions of tons of rock in Botswana.

And something rather interesting cropped up in its full year results to 31 December 2019, published on 26 May 2020.

The company has a huge license area totalling 5,573km2 across the Kalahari Suture Zone (KSZ) in the south west of the African nation.

CEO Michael Foster noted how the region continues to show considerable potential for the discovery of world-class base metals deposits.

“Kavango has gathered more exploration data on the KSZ than any other company. Over the coming months we expect to make significant progress in validating our view that the underexplored KSZ is host to world-class copper-nickel-PCM deposits.”

“In addition, we are nearing completion of our first farm-out by selling a 51% interest in the Ditau project,” he said.

Power up

Ditau covers 1,386km2. At its centre are ten vast geological formations known as ring structures, many kilometres across. Ring structures are widely associated with the presence of volcanic carbonatites, the primary source of rare earth elements (REE).

On 15 April 2020 shares in partner firm Power Metals (LSE:POW) rocketed when it announced it had agreed to buy the stake in Ditau to target “highly prospective” REE deposits. Rare earth elements are critical for manufacturing numerous high-tech applications, including electric vehicle motors and batteries.

Kavango has also added to its portfolio in the Kalahari Copper Belt, where two new mines are being developed.

But excitement is growing here for another reason.

Kavango Chairman DJ Wright writes: “Our primary goal in the coming months is to deepen our understanding of the KSZ project and identify future drill targets.”

This deeper understanding is what I want to focus on today.

Underground: watch this space

50 years ago, an important Canadian nickel-copper producer called Falconbridge was working in the Kalahari Suture Zone. Its scientists were convinced that south west Botswana held the key to vast deposits of undiscovered diamonds that could make fortunes and transform world markets.

Excitedly drilling target holes, the scientists were disappointed to find absolutely barren rock. It didn’t seem to make sense. Running out of money, the Canadian company was forced to abandon the site and leave perplexed.

Using much more precise instruments, a new hypothesis has been formed. And it’s good news for Kavango’s shareholders.

Advances in geological mapping since the 1970s, including 3D computer modelling, have revealed that, far from being barren, in fact, the opposite is true.

DJ Wright notes: “There is now a large body of evidence suggesting that the accumulation of nickel and copper-bearing metal sulphides occurred within the high level gabbroic intrusions of the KSZ.”

What really happened

Kavango began drilling at the KSZ in October 2019, beginning with three target holes across 1,000m.

The point of the campaign was to identify high-potential targets in what are known as underground traps. It is these traps that so confused the Canadian scientists back in the 1970s.

Drilling confirmed the presence of an extensive magma plumbing system. This is a feature of established nickel-copper-PGM deposits in some of the largest and most profitable mines in the world, including Norilsk in Siberia, Canada’s Raglan and Voisey’s Bay, and Jinchuan in China.

This magma plumbing system had filtered molten magma, carrying dense metal sulphide liquid through a series of vertical and horizontal fissures. Because metallic elements are heavier than the surrounding rock, they accumulated and solidified in underground traps further below the surface.

Kavango believes — backed by the latest science — that these underground traps contain intensely concentrated metal deposits just waiting to be exploited.

In the next stage of its exploration Kavango will drill and test trap zones in the plumbing systems that lie within 300m of the surface. And initial drill samples are being sent to the University of Leicester for mineralogical and petrographic testing.

Then the main task is to combine Kavango’s data from extensive analysis, which includes airborne electromagnetic surveys and soil geochemistry, together with gravitational surveys in the public domain.

And 3D computer modelled reports to confirm their theory will be prepared across Q2 and Q3 2020. No wonder that chief executive Michael Johson says Kavango are looking forward to an “exciting programme” of exploration in 2020.

Author: Mark Sheridan

The Author does not hold any position in the stock(s) and/or financial instrument(s) mentioned in the piece.


Published in: Blog, on: 28 May 2020

[skiboy10] 28/5/2020 23:21

Kavango hits on major geological formation with world-class nickel-copper-PGM potential (KAV)

Main market-listed Kavango Resources (LSE:KAV) has a secret hiding under trillions of tons of rock in Botswana.

And something rather interesting cropped up in its full year results to 31 December 2019, published on 26 May 2020.

The company has a huge license area totalling 5,573km2 across the Kalahari Suture Zone (KSZ) in the south west of the African nation.

CEO Michael Foster noted how the region continues to show considerable potential for the discovery of world-class base metals deposits.

“Kavango has gathered more exploration data on the KSZ than any other company. Over the coming months we expect to make significant progress in validating our view that the underexplored KSZ is host to world-class copper-nickel-PCM deposits.”

“In addition, we are nearing completion of our first farm-out by selling a 51% interest in the Ditau project,” he said.

Power up

Ditau covers 1,386km2. At its centre are ten vast geological formations known as ring structures, many kilometres across. Ring structures are widely associated with the presence of volcanic carbonatites, the primary source of rare earth elements (REE).

On 15 April 2020 shares in partner firm Power Metals (LSE:POW) rocketed when it announced it had agreed to buy the stake in Ditau to target “highly prospective” REE deposits. Rare earth elements are critical for manufacturing numerous high-tech applications, including electric vehicle motors and batteries.

Kavango has also added to its portfolio in the Kalahari Copper Belt, where two new mines are being developed.

But excitement is growing here for another reason.

Kavango Chairman DJ Wright writes: “Our primary goal in the coming months is to deepen our understanding of the KSZ project and identify future drill targets.”

This deeper understanding is what I want to focus on today.

Underground: watch this space

50 years ago, an important Canadian nickel-copper producer called Falconbridge was working in the Kalahari Suture Zone. Its scientists were convinced that south west Botswana held the key to vast deposits of undiscovered diamonds that could make fortunes and transform world markets.

Excitedly drilling target holes, the scientists were disappointed to find absolutely barren rock. It didn’t seem to make sense. Running out of money, the Canadian company was forced to abandon the site and leave perplexed.

Using much more precise instruments, a new hypothesis has been formed. And it’s good news for Kavango’s shareholders.

Advances in geological mapping since the 1970s, including 3D computer modelling, have revealed that, far from being barren, in fact, the opposite is true.

DJ Wright notes: “There is now a large body of evidence suggesting that the accumulation of nickel and copper-bearing metal sulphides occurred within the high level gabbroic intrusions of the KSZ.”

What really happened

Kavango began drilling at the KSZ in October 2019, beginning with three target holes across 1,000m.

The point of the campaign was to identify high-potential targets in what are known as underground traps. It is these traps that so confused the Canadian scientists back in the 1970s.

Drilling confirmed the presence of an extensive magma plumbing system. This is a feature of established nickel-copper-PGM deposits in some of the largest and most profitable mines in the world, including Norilsk in Siberia, Canada’s Raglan and Voisey’s Bay, and Jinchuan in China.

This magma plumbing system had filtered molten magma, carrying dense metal sulphide liquid through a series of vertical and horizontal fissures. Because metallic elements are heavier than the surrounding rock, they accumulated and solidified in underground traps further below the surface.

Kavango believes — backed by the latest science — that these underground traps contain intensely concentrated metal deposits just waiting to be exploited.

In the next stage of its exploration Kavango will drill and test trap zones in the plumbing systems that lie within 300m of the surface. And initial drill samples are being sent to the University of Leicester for mineralogical and petrographic testing.

Then the main task is to combine Kavango’s data from extensive analysis, which includes airborne electromagnetic surveys and soil geochemistry, together with gravitational surveys in the public domain.

And 3D computer modelled reports to confirm their theory will be prepared across Q2 and Q3 2020. No wonder that chief executive Michael Johson says Kavango are looking forward to an “exciting programme” of exploration in 2020.

Author: Mark Sheridan

The Author does not hold any position in the stock(s) and/or financial instrument(s) mentioned in the piece.


Published in: Blog, on: 28 May 2020

[gasmanmick] 27/5/2020 09:16

New JV
Hope this is KCB not KSZ we don’t want to sell out any of that licence on cheap.
Would like to thank all who have been regularly contributing to this board I’m still holding long term and looking to add in future.

[thelung] 27/5/2020 08:55

:-)

the ban of foreign visitors remains in place

[d220] 27/5/2020 08:30

So the brakes should be off now. I'm waiting with antocipation for the signing of the new KCB licences, the "left field" news that MM implied was coming in his last interview (which may be a new JV of some kind)and some indication of the timing of a drilling/work programme on KSZ.
Skiboy, please feel free to "cheerlead", I'm sure I'm not the only spectator! :-)

[skiboy10] 26/5/2020 20:00

COVID-19 Pandemic
Botswana Ends 7-Week Lockdown
By VOA News
May 21, 2020
Botswana’s 48-day lockdown ended at midnight Wednesday after gradually relaxing restrictions aimed at slowing the spread of the coronavirus in the diamond rich southern African country.

All businesses and schools are now cleared to reopen under government guidelines, including individual temperature checks, use of face masks and regular sanitizing.

COVID-19 Task Force Coordinator Dr. Kereng Masupu said in a news briefing that depending on the coronavirus disease pattern, a return to lockdown will remain an option.

Meantime, people returning home to Botswana will undergo mandatory quarantine and the ban of foreign visitors remains in place.

Botswana confirmed 29 COVID-19 infections and one death.

Reuter’s news agency said the Botswana's government set aside more than $400 million to help absorb the economic impact of businesses suspending operations, including the prized diamond industry, which had no buyers coming into the country because of travel restrictions.

[thelung] 26/5/2020 18:24

Yes, but again we already know it's close from MM comments in same interview. No point cheer leading as there aren't any spectators cause we're on a season break.

[skiboy10] 26/5/2020 17:02

Maybe something is now close to be finalised?

[thelung] 26/5/2020 16:42

We already know it's more than Ditau as per MM recent interviews

[skiboy10] 26/5/2020 16:26

"This will ensure that current funds last longer and will give the Company more time to conclude various ongoing commercial negotiations, which include potential JV agreements"

Sounds like more than just Ditau.

[skiboy10] 26/5/2020 16:25

Kavango says poring over data to identify drilling targets as coronavirus (COVID-19) pandemic affects fieldwork

The company, which is targeting the discovery of mineral deposits in Botswana, noted the country had “dealt admirably” with COVID-19 and is already easing travel restrictions

Kavango Resources PLC (LON:KAV) is putting the emphasis on desktop research while travel restrictions apply in Botswana during the coronavirus (COVID-19) outbreak.

The company, which is targeting the discovery of mineral deposits in Botswana, said the country had “dealt admirably” with COVID-19 and is already easing travel restrictions.

Even so, the company’s plans to conduct exploration work in the field have been affected but its geologists will be poring over the data gathered during 2019 from drilling and surveying as well as data from third parties to identify future drilling targets at the Kalahari Suture Zone (KSZ) project.

The exploration effort is currently directed towards confirming the existence of the conditions necessary for the formation of metal sulphide orebodies during the emplacement of gabbroic intrusives associated with a major volcanic episode during the late Karoo geological era (180 million years ago), Kavango said.

The drilling programme confirmed the gabbro sills contain "primary" sulphides, which suggests that the molten magma was in a condition of "sulphur saturation" at the time of magma crystallisation, it added.

The pre-revenue company released results for 2019 that showed it made a loss before tax of US$1.47mln, compared to a loss of US$534,242 in 2018, after the group took a US$1mln non-cash impairment charge relating to the valuation of exploration, evaluation and development expenditure.

"Our mineral exploration activities on the Kalahari Suture Zone in the southwest of Botswana, where we have an area of 5,573km2 under licence, continue to show considerable potential for the discovery of world-class base metals deposits with the completion during the year of our initial drill campaign.

"In addition, we are nearing completion of our first farm-out by selling a 51% interest in the Ditau Project. We have added to our mineral portfolio with our involvement on the exciting Kalahari Copper Belt where two new copper mines are now being developed," Michael Foster, the chief executive officer of Kavango said in a statement.

[skiboy10] 26/5/2020 07:11

"Although it is of course hard to predict just how long the current difficult conditions will last, we are still able to move the Company forward meaningfully. We have always managed Kavango prudently and will continue to significantly reduce costs wherever possible. This will ensure that current funds last longer and will give the Company more time to conclude various ongoing commercial negotiations, which include potential JV agreements."

[d220] 22/5/2020 07:56

lol gasman! Diamonds would fit the bill - but no coal thank you!

[gasmanmick] 21/5/2020 18:37

D220 I’m dreaming of diamonds but probably going to end up with coal.

[gasmanmick] 21/5/2020 17:58

D220 Bit “left field” !?
Lot of diamonds in that part of the world.