Kavango Resources Share Discussion Threads

[cashandcard] 06/1/2021 13:10

I wonder if they may look to press ahead with drilling early on SJV projects - in and around same time as KSZ in order to maximise efficiencies and minimise costs?



Cash

[soulsauce] 06/1/2021 13:09

Excellent speaks volumes.

[flashheart] 06/1/2021 13:05

Nice RNS..... Full steam ahead on this one.

[tonytony4] 06/1/2021 12:49

Very large delayed trades 3x500k I wonder what's going on..

[palace pete] 06/1/2021 12:14

Doubled my holding just before Christmas.

[tonytony4] 06/1/2021 12:12

Small position taken here.. gla

[soulsauce] 06/1/2021 12:11

Yes I had some more early this morning.

[palace pete] 06/1/2021 12:10

Good luck Sabine I think this could be a very good time for Kav.

[sabine4] 06/1/2021 11:37

I just topped up. Feeling very positive. GLA

[gamesplayer] 06/1/2021 10:46

With the apparent increased interest in this share, I feel this is about to jump up a little.

Personally I think this is undervalued objectively and also by reference to POW.

[soulsauce] 06/1/2021 10:41

So POW are valued over 3x more than KAV. I know they have other projects and exposure to gold licences but they don't have the massive potential of the KSZ.
Hopefully the large loop EM will have cleared the waters some more and showing some nice drilling targets.

[cashandcard] 06/1/2021 10:27

flashheart,


Yes definitely ;) As soon as I'm in a position to do so.



Cash

[skiboy10] 06/1/2021 10:25

MININGMAVEN on: 06 January 2021

Power Metal Resources spikes to fresh highs on Ditau Project update (POW)

Power Metal Resources (LSE: POW) has hit new all time highs above 3p on news about its Ditau Project in Botswana.

The London-listed miner climbed more than 5% on Tuesday 5 January after announcing the first stage of orientation work at Ditau was now complete.

The Ditau project is made up of two licenses covering 1386km2, with the main focus being 10 large geological formations known as ‘ring structures’. One of the largest of these is 7km by 5km across. Each is thought to host carbonatite rocks, which are the principal source of rare earth elements.

The exercise examined the magnetic anomaly called ‘I10’, and included taking soil geochemistry samples along with controlled source audio-frequency magnetotellurics across a 5km run. The objective was to identify the position of rocks beneath the surface by testing their magnetic resistance.

Power Metal said it planned follow-up surveys for I10 in mid-January 2021, including gravity surveys at 50m intervals and a ground magnetic geophysics survey at 12.5m spacing.

Assay results and processed geophysics from the exercise are expected by early February 2021.

The results will shape the calibration of survey equipment for follow-on surveys of the remaining nine ring structures, Power Metal said.

The company’s Botswana project comprises a 50-50 joint venture with fellow AIM-listed explorer Kavango Resources (LSE: KAV) to discover rare earth elements including Neodymium (Nd) and Praseodymium (Pr).

The two metals are key elements in the manufacture of high-level magnets and parts for electric vehicles. Tesla (NASDAQ:TSLA) and Chinese competitor NIO (NYSE:NIO), for example, both use the sought-after metals in their engines.

Power Metal Resources has extensive geophysical surveying and soil sampling planned at Ditau throughout Q1 and Q2 2021, and an exploratory drill campaign is expected to start in early Q3 2021. Exploration is expected to be relatively straightforward: assuming the surveys can isolate specific drill targets, they can be tested by very low-cost reverse circulation drilling.

Back in April 2020, the Power Metal share price jumped to a then-high of 0.3p on news of the Ditau JV. Now the share price has gained some 900%, 3p is expected to be the baseline for the company to grow much more strongly.

CEO Paul Johnson commented:

“With the Ditau Project we are seeking a discovery of rare earth elements (REEs), which are highly valuable and sought after commodities, particularly from secure and stable jurisdictions such as Botswana.”

"The Strategic Joint Venture with Kavango is surging ahead with work completed and announced from the Kalahari Copper Belt, and now from the Ditau Project.”

[flashheart] 06/1/2021 10:20

I think you're going to need to be quick cash.

[cashandcard] 06/1/2021 10:12

Keep it quiet guys, not done accumulating yet.

Fill ya boots is my strategy here ;)



Cash

[palace pete] 06/1/2021 10:03

Totally agree ss well undervalued. The markets have changed quite a lot over the years as this would be 10 15p on these prospects not so long ago.

[soulsauce] 06/1/2021 09:42

Good to see a bit of strength here today.

I can only assume that raising shares have been sloshing through the system, but has to be massively undervalued for a company that has 100% of a potential Norilsk type deposit, a JV on several very prospective copper licences and now even the possibility of decent rare earth accumulations.

[algernon2] 04/1/2021 12:54

Big q and a Webinar with Paul of Power Metal later on and there should be plenty of questions or info about the project with Kavango.

So register or dial in and listen. Any questions for Paul re KAV or the Ditau Project progress 7pm Today.

When: Monday, January 4, 2021 · 07:00:00 PM · London
Duration: 1 hour 30 minutes
Language: English
Who can attend? Everyone
Webinar ID: 3506b7af38cf
Dial-in available? (listen only): Yes
Dial-in Number: 1 [phone]
Dial-in ID: 847695#
Dial-in Passcode: 9729#

[bungeetrader] 04/1/2021 10:45

Nothing not to like here. Nice regular updates to keep us well informed on what is going on. Hoping for a GGP type share price this year.

[skiboy10] 04/1/2021 10:25

Paul Johnson Chief Executive Officer of Power Metal Resources plc commented:

"The Strategic Joint Venture with Kavango is surging ahead with work completed and announced from the Kalahari Copper Belt, and now from the Ditau Project.

With the Ditau Project we are seeking a discovery of rare earth elements (REEs), which are highly valuable and sought after commodities, particularly from secure and stable jurisdictions such as Botswana.

I look forward to reporting further updates from Botswana and the Ditau Project as material developments occur."

[georgeo1] 04/1/2021 08:39

The missed out post...Carbonatites are the principal source of REEs including the much sought-after elements Neodymium (Nd) and Praseodymium (Pr), which are used in the manufacture of the new generation of electric vehicles (EVs), magnets and other high-tech applications.One of the ring structures is a 7km x 5km magnetic and gravity anomaly with significant zinc-in-soils values. Assay and whole rock geochemistry results from two drill holes drilled on this ring structure in 2019 by Kavango demonstrated the presence of an extensive zone of altered Karoo sediments sitting above a mafic intrusive body. The alteration extended to over 300m in depth in both holes, which were 1.8km apart. The geochemistry obtained from the drill core suggested that the alteration was due to "fenitization", a type of extensive alteration associated with alkali magmatism and carbonatites.Fenite alteration is particularly associated with carbonatite intrusions, where it occurs as an aureole or halos around the carbonatite intrusive. It can indicate the presence of mineralised intrusions in a similar way that alteration patterns are used in other ore systems, such as porphyry copper deposits.Kavango suspects that the post-Karoo fenitized rocks intersected at Ditau may be comparable to the Longonjo carbonatite in Angola being developed as a neodymium and praseodymium open pit mine by Pensana Metals Limited.This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.ENDUPDEASFDELAFEFA(END) Dow Jones NewswiresJanuary 04, 2021 02:00 ET (07:00 GMT)

[skiboy10] 04/1/2021 08:16

PRESS RELEASE

4 January 2021

KAVANGO RESOURCES PLC

("Kavango" or "the Company")

Ditau Orientation Work

Kavango Resources plc (LSE:KAV), the exploration company targeting the discovery of world-class mineral deposits in Botswana, is pleased to announce an exploration update for the Ditau Project ("Ditau").

Ditau includes two prospecting licenses (PL169/2012 and PL010/2019) in a Strategic Joint Venture with Power Metal Resources (LSE:POW) ("Power Metals").

Highlights

v First stage of orientation work at Ditau complete

- Work conducted on one of 10 "ring structures" previously identified at Ditau ("I10")
- Each "ring structure" has the potential to host carbonatite rocks
- Carbonatites are the principal source of rare earth elements ("REEs")
v Initial work finished at I10

- 5km CSAMT orientation line run at 50m station interval
- Soil geochemistry samples taken over the same line at 200m spacing
v Follow up surveys at I10 planned for mid-January

- Gravity survey at 50m intervals
- Ground magnetic survey at 12.5m station spacing
- Soil sampling and survey results expected by early February
v Calibration of survey equipment

- Results from the I10 orientation exercise will shape the calibration of survey equipment for future surveying of the remaining 9 "ring structures

- Extensive surveying at Ditau planned in Q1/Q2 2021
- Exploratory drill campaign anticipated in Q2/Q3
Michael Foster, Chief Executive Officer of Kavango Resources, commented:

"We have completed a lot of valuable work at Ditau over recent years. Drill cores from our 2019 campaign confirmed the presence of highly altered Karoo sediments, sitting above a mafic intrusive body. The alteration extended to depths >300m.

Our job is now to confirm whether or not the ring structures contain carbonatite, and if so, evaluate them for valuable minerals. Once we have calibrated our equipment based on the results from the I10 anomaly, we will survey the remaining 9 ring structures to identify potential drill targets.

Thanks to the knowledge base we have built up at Ditau, the next phase of exploration should be relatively straightforward and quick to implement."

Ditau Exploration

Kavango had previously planned to complete the orientation work to calibrate its surveying equipment at the Falconbridge carbonatites. However, by focussing its efforts on the I10 magnetic anomaly, the Company will be able to accelerate its plans for the more extensive surveying of all 10 "ring structures" identified at Ditau*.

The initial CSAMT orientation line over I10 is 5km long and has been plotted at 50m station intervals. Soil samples were taken at stations every 200m.

Gravity surveying at 50m intervals and ground magnetic surveying at 12.5m intervals is planned along the orientation line in mid January.

The objective of the CSAMT survey is to identify the position of the various rock types below surface by testing their electrical resistivity

Evidence from carbonatites found in the area by Falconbridge in the 1970s suggests that the Ditau intrusive bodies are located at the bottom of the Kalahari cover sands, approximately 75m below surface.

The fractured nature of carbonatites means mineralisation can be dispersed within long, thick veins of carbonatite material.

Kavango's immediate priority is to confirm whether the 10 "ring structures" at Ditau contain carbonatite. The exploration process for this is relatively straightforward. Assuming the CSAMT surveys isolate specific drill targets, these can be tested by low-cost, shallow Reverse Circulation (RC) drilling.

Kavango and Power Metals will provide further updates in due course.

* For an explanation of the geology of "ring structures" and carbonatites please review the section at the bottom of this announcement.

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.

For further information please contact:

Kavango Resources plc

Michael Foster

[d220] 04/1/2021 08:14

This company continues to amaze and impress me! They are moving forward on all three assets simultaneously! Any one of which could be a company maker. Roll on 2021!

[skiboy10] 31/12/2020 16:16

Kavango Resources



Kavango Resources (LSE:KAV) has made significant progress this year towards clarifying the promise of the company’s primary asset, the Kalahari Suture Zone (KSZ), a 450km long geological formation in south-western Botswana that studies suggest may be rich in sulphide deposits suffused with copper, nickel and platinum group metals (PGMs).

The KSZ’s structure seems to bear comparison with the prolific copper, nickel and PGM mines at Voisey’s Bay and Raglan (Canada), Jinchuan (China), the Thomson Nickel Belt (Canada), and, most significantly, Russia’s giant Norilsk mine.

Kavango’s 3D modelling has identified four high priority drill targets, around 200 to 600 metres deep, where the most significant deposits might be concentrated. Electromagnetic (EM) surveys to be undertaken over the coming weeks will further define the location and geometry of the targeted areas, allowing a drilling programme to be designed. See our analysis earlier this year interviews with the Kavango team for more details.

The KSZ has always been Kavango’s primary focus. But progress has also been made this year towards realising the promise of its interest in the Kalahari Copper Belt (KCB), a prospect covering part of the DRC-Zambia copperbelt that runs some 1,000km from northern Botswana to central Namibia. In September Kavango agreed a joint venture with Power Metal Resources (LSE:POW) to form a co-owned, privately held company focused on large-scale mineral exploration projects in Botswana. And another update earlier this month announced the start of field exploration programmes on prospecting licences within the KCB held by the joint venture. Sampling and ground magnetic surveys will seek to delineate regional targets for future airborne electromagnetic surveying.

Kavango’s progress towards realising the promise of its assets, together with bull markets for copper and nickel, puts it in a strong position as it enters 2021. The company concluded a fundraise last month for £2m to fund its programme for the new year, and has been further boosted by the easing of Covid-19 restrictions in Botswana, allowing field work to fully resume.

Kavango’s positive run of news has been reflected in a steady rise in its share price, which is now at around 2.65p, up from just over 2p at the start of the year.