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Kavango Resources Plc

0.00 (0.0%)
Share Name Share Symbol Market Type Share ISIN Share Description
Kavango Resources Plc LSE:KAV London Ordinary Share GB00BF0VMV24 ORD 0.1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 1.15 0.00 08:00:00
Bid Price Offer Price High Price Low Price Open Price
1.10 1.20 1.15 1.15 1.15
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Copper Ores 0.00 -1.74 -0.40 - 8.11
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 1.15 GBX

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Date Time Title Posts
02/6/202303:20Kavango Resources exploring for another NORILSK under the Kalahari Desert5,355
28/9/202221:28Kavango Pumped 12
10/11/202007:06Kavango Resources News and Research Thread151

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Kavango Resources (KAV) Top Chat Posts

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Posted at 23/5/2023 16:53 by jp2011
Let's see what happens in next 5 weeks. Share price could end up 0.5p or 3p depending on KSZ drills. One of the problems is iron, copper, nickel sulphides look fairly similar and the core might contain 70-80% pyrrhotite so visually nobody will be able to tell what they have from core photos. KAV use pXRF but won't release results pre assay and it won't pick up PGMs so PIs will have to judge BTs body language, if he says 20m of core has been airlifted toJohannesburg for express assays then you know its good. I'm optimistic about the drill but pessimistic on share price given the intention to give away 45% of the company.
Posted at 12/5/2023 08:41 by kdickson
Southern African focussed metals exploration company Kavango Resources plc (LSE:KAV) is pleased to announce the Company's Annual General Meeting will be held at the offices of the Company's Solicitors, Druces LLP, Salisbury House, London Wall, London EC2M 5PS at 11 a.m. on 08 June 2023 (the "AGM").

Kavango will today post a copy of the notice of its annual general meeting (the "2023 AGM Notice") and form of proxy for the AGM, along with the 2022 annual report and financial statements to shareholders. The Company will also make these documents available to download from the Company's website ( ).

In accordance with Listing Rule 14.3.6 of the UK Financial Conduct Authority ("FCA"), a copy of the 2023 AGM Notice will be submitted to the FCA via the National Storage Mechanism and will shortly be available to the public for inspection at:

Further information in respect of the Company and its business interests is provided on the Company's website at and on Twitter at #KAV.

Posted at 06/5/2023 07:46 by jp2011
Fund from success, discover something and the money flows in. This is funding at the very bottom of the market when KAV is meters away from success in the KSZ. Remember £3m raised late Oct 22 gives KAV 3 rolls of the dice this year but the turnip running KAV is playing games to keep the share price low. It's abusing private investors.
Posted at 05/4/2023 11:15 by kdickson
SP Angel . Morning View . Gold prices rally past $2,000/oz as US labour data surprises to the downside

Kavango Resources (KAV LN) 1p, Mkt cap £8m –Historical exploration drill core logged at Ditau

Having confirmed the 470m strike of the Banded Iron Formation at Ditau, Kavango has now logged two additional historic exploration holes gained from the Botswana Geological Institute.

The Kavango team note that both holes show clear visual evidence of mineralisation.

X077_H002 was drilled to 189m depth and is 470m away from DITDD004.

X077 is noted to intercept similar mineralisation to the BIF identified by Dr Hamid Mumin in his recent review of Ditau.

Mineralisation in the X077 hole remains open at depth, with the Kavango team eyeing a twin drill hole to gain a better understanding of the target.

The second hole, X081 was drilled to a depth of 144km and lies 3km southwest of the DITDD004 hole.

Kavango notes the core is highly weathered and oxidised but contains clear signs of intense hydrothermal activity.

We await the assay results eagerly.

Posted at 10/3/2023 20:18 by skiboy10
Kavango Eye’s Nova-Style KSZ Target

10 March 2023

Tim Cornish

On the back of the re-interpretation of the B conductor cluster, Kavango Resources are now looking for a new Nova-style discovery at the Kalahari Suture Zone in Botswana, with similarities between the two projects becoming increasingly evident.

Uncovered in 2012 by Sirius Resources and Newexco in Western Australia’s Fraiser Range, Nova is one of Australia’s most well-known nickel discoveries as it was at the time a totally new style of nickel-copper mineralisation with further exploration leading to the discovery of the Bollinger Nickel Sulphide Deposit down plunge of Nova.

The Company’s significant upgrade in B1’s conductivity is due to its interpretation of the presence of possible pyrrhotite, which is highly conductive and often associated with pentlandite, a host rock for nickel-copper sulphide mineralisation.

Interestingly, Richard Hornsey, a leading authority on nickel sulphide exploration, provided a separate review of all exploration data available from the KSZ for the company and identified similarities between the KSZ and Fraser Range, where Nova is located.

In his report on the KSZ, Mr Horensey noted that “The closest terrane analogue from a pure exploration strategy and technical perspective is the Fraser Range belt of Western Australia, and it is likely that a similar exploration strategy will require implementing for the KSZ to address the similar exploration and operational challenges expected to be encountered.”

Chief Executive Ben Turney also observed similarities between the drill programs at the two projects, noting that drill hole 25 at Nova missed 15m of massive nickel sulphide mineralisation by mere metres, similar to what happened to the B1 conductor.

“The difference between hitting & missing is very small. We now believe we missed the B1 Conductor by a matter of meters. Following our recent data re-interpretation of the downhole electromagnetic survey, we’ve remodelled the conductance to 28,700 Siemens” Chief Executive Ben Turney said.

Nova’s potential led to Sirius being acquired by Australian mining giant Independence Group in 2015 for the sum of 1.8 billion Australian dollars, a deal that has been paying dividends for Independence with mining at Nova producing a whopping 26,675 tonnes of nickel, 11,483 tonnes of copper, and 982 tonnes of cobalt at a cash cost of A$1.95/lb Ni last year alone.

And with the similarities between Nova and Kavango’s B Conductor cluster growing, it’s obvious why the London-listed explorer is excited to hit its new target base at the KSZ.

“The B1 Conductor is an A-ranked target in nickel exploration. We can’t wait to drill it.”

KAV’s London Stock Exchange-listed share price is currently trading at 1.30 British Pence (3.27 pm UTC+ 8 hours).


Posted at 28/2/2023 12:19 by kdickson
SP Angel . Morning View .

Kavango Resources (KAV LN) 1.3p, Mkt cap £9m – Updated Botswana strategy and potential portfolio expansion

Kavango reports the results of its in-house Strategic Review on its path to delivering a maiden economic resource.

Going forward, Kavango will focus its exploration efforts on the Great Red Spot asset in the Kalahari Suture Zone with plans to drill the B Conductors at the asset

Additionally, Kavango will look to execute additional fieldwork in the Kalahari Copper Belt over its Karakubis block.

Kavango’s management will look to gain direct project funding for financing the 2-year exploration programmes across the KSZ, KCB and Ditau projects.

Envisioned exploration campaigns in Botswana will incolve more widespread surveying, including geophysical and geochemical exploration, alongside more targeted and extensive drilling.

The Company is hoping to secure a project finance partner.

Kavango is also looking to expand its portfolio of exploration assets in Southern Africa, noting ‘liquidity weakness in the global exploration sector.’

A ‘pipeline of possible acquisition targets’ has been developed, with the team currently at advanced stages of due diligence regarding two potential targets.

Posted at 20/10/2022 07:48 by skiboy10

20 October 2022


("Kavango" or "the Company")

KCB - drilling update

Botswana focussed metals exploration company Kavango Resources plc (LSE:KAV) ("Kavango") is pleased to announce an operational update from the Company's Kalahari Copper Belt ("KCB") project area.

Following interpretation of results from the ongoing Controlled Source Audio Magnetotelluric ("CSAMT") surveys (announced >>> 12 October 2022), Kavango's exploration team has decided to complete the holes in the current drill campaign at PL082/2018 using diamond drilling. Each hole will now first be drilled with a reverse circulation 'pre collar' and then completed with a diamond 'tail'.

The multipurpose rig can be used for both reverse circulation and diamond drilling equipment. The latter is now being mobilised to site.

Diamond drilling will enable Kavango to test properly the interpretation of the CSAMT data to target depth and retrieve drill core samples to evaluate the target lithology, structure, alteration, geochemistry and mineralization.

Hole KCBRC001 has been pre-collared to 153m using reverse circulation drilling and the multipurpose rig has been moved to the site of Hole KCBRC002.

KCBRC002 will test the Northern Zone target, which is an 8km long soil sampling copper anomaly that coincides with the edge of a magnetic high, which Kavango believes could represent a fault.

Kavango has interpreted the CSAMT inversion over KCBRC001 & KCBRC002 to indicate the presence of the crucial D'Kar/Ngwako Pan formational contact within 150m-300m of surface. This formational contact is the primary control for economic copper-silver deposits across the Kalahari Copper Belt. Kavango is keen to test its interpretation of the CSAMT results with diamond drilling to (i) prove that the inverted CSAMT data is effective in identifying the D'kar/Ngwako Pan contact, (ii) to verify interpreted fault structures, and (iii) determine if these targets are mineralized.

Jeremy S. Brett, Senior Geophysical Consultant to Kavango Resources, commented:

"The CSAMT survey is providing a potential breakthrough in the Kalahari Copper Belt for Kavango. We are fortunate to be able to test this immediately with drilling.

The CSAMT data over 3 test lines has been inverted and interpreted to show the contact between the D'Kar and Ngwako Pan formations, which is the main target horizon in the KCB.

A very high degree of resolution has been achieved with the inversions on the known folding in the belt, and has verified Kavango's hypotheses on variable wavelengths of the folds and brittle fault accomodations within the fold patterns to accomdate strain. The faults are postulated to have acted as conduits for mineralizing fluids, that could host deposits where they intersect the D'Kar / Ngwako Pan contact.

The results from the CSAMT inversions are providing us with estimated depths for the D'Kar / Ngwako Pan contact in the range of 150m to 300m from surface. This has led to the decision to switch to diamond drilling, in order to reach target depths with confidence and return drillcore for analyses."

Next Steps:

The northernmost CSAMT Line 4A is currently completed on Kavango's ground and the geophysical team is ready to deploy across the part of Sandfire's ground that hosts the Kronos deposit. This calibration point for the CSAMT survey is expected to confirm the signature for the D'Kar / Ngwako Pan contact .

Kavango had mobilised a multipurpose rig to give maximum operational flexibility as the drill campaign progressed. The ability to switch between reverse circulation and diamond core drilling is a strength of this programme and the Company is now able to take full advantage of this. The results of the CSAMT survey necessitate the switch to diamond drill core in order to test the interpreted contact between the D'Kar and Ngwako Pan rocks, which is the critical target horizon in the KCB.

Kavango has now decided to pre-collar its current planned holes on PL082/2018 with cost-effective reverse circulation drilling and then to return to each of them to complete with the diamond tails. The Company's expectation is that the core samples will provide valuable geological data that confirms the presence of the crucial D'kar/Ngwako Pan formational contact in Kavango's licence area and, hopefully, copper-silver mineralisation.

Further information in respect of the Company and its business interests is provided on the Company's website at and on Twitter at #KAV.

For further information please contact:

Kavango Resources plc

Ben Turney

+46 7697 406 06

Posted at 03/10/2022 18:14 by danmart2
Anyone else think this is the last chance for those of us who are in at multiples of todays price to get our money back?

The 3 scenarios

1. They strike big, both commercial quantities and some more for good measure, share price booms up, everyone goes home happy, KAV have turned the concept into reality.
Big boys come sniffing, share price stabilises around 8p into the new year and we have options including joint ventures.
I will even buy Ben the CEO a Christmas present.

2. They find some residue of metals but it’s barely commercial levels and more drilling is required.
The market has a small fall, Ben the CEO try’s to spin it as a positive again and another fund raising is required early next year.

3. They find more dirt. Share price loses another 25%. Ben the CEO try’s to spin the dirt as special dirt but everyone knows a blagger by now.
Share price nose dives below 1p, huge share issue early next year, Kav remains the jam tomorrow story it’s been since conception.

Posted at 11/7/2022 11:05 by kdickson
SP Angel broker note...

Kavango Resources (KAV LN) 1.925p, Mkt cap £8.4m – Acquisition of 50% of Kanye Resources

Kavango reported on Friday that it agreed terms with Power Metal Resources* to acquire Power's 50% of the Kanye Resources Joint Venture.

Kavango now own a 100% interest in Kanye.

Project: Kanye Resources owns two considerable land packages in Botswana, the Kalahari Copper Belt project covering 4,257km2 and the Ditau Camp project covering 1,386km2.

Ditau: Kanye reports that four diamond drillholes have been successfully completed cross three targets (i1, i8 and i10) for a total of 1,623m.

In parallel with drilling, additional Controlled Source Audio Magneto Telluric (CSAMT) geophysical surveys and modelling were carried out over the i1, i8 and i10 targets – used successfully in the past to provide high quality sub-surface imagery.

Kanye is now awaiting assay results from the four drillholes at Ditau, with samples currently in transit to the lab.

KCB: Soil sampling continues at Kanye’s licenses on the Kalahari Copper Belt, with a total of 3,478 soil samples collected from a total of approximately 5,750 soil samples planned across the KCB JV licences.

Kanye continues to delineate targets for an RC drill programme on the KCB planned for later in 2022.

Terms: Kavango will issue to Power Metal 60m shares at a price of 3p per share.
Kavango will issue to Power 30m warrants at 4.25p for 30 months and 30m at 5.5p for 30 months.

Power Metal will also receive 15m variable price warrants with a six-month life to expiry, with a minimum exercise price of 3p and an actual exercise price at a 15% discount to the volume-weighted average share price on the date of exercise.

In a separate announcement this morning, Kavango reports progress at its Kalahari Suture Zone project, identifying three EM conductors for follow up testing.

The three targets exhibit strong conductance readings, that the company comments could conform to an idealised Ni-Cu-PGE orebody model.

Kavango will now delineate the targets further to define drill targets in due course.

Conclusion: Kavango taking whole ownership of Kanye allows them to progress the KCB project and Ditau, taking the company’s land package to nearly 16,000km2 in Botswana. Kavango also have also gained a strategic investor in Power Metal on their register, while the deal allows Power to focus on its other exploration projects.

*SP Angel acts as nomad and broker to Power Metal

Posted at 22/3/2022 14:57 by skiboy10
22 March 2022


("Kavango" or "the Company")

Ditau Drill Mobilisation & KKME offer withdrawal

Further to the announcement on 21 March, Kavango Resources plc (LSE:KAV) announces that it has withdrawn its proposal to make an offer to acquire 100 per cent of the issued share capital of Kalahari Key Mineral Exploration Proprietary Ltd ("KKME").

Despite the Company's best efforts, it became apparent that there was insufficient agreement among the shareholders of KKME to justify incurring further time and expense with an uncertain outcome.

Kavango remains of the view that the Molopo Farms Complex Project ("Molopo") held by KKME is a very attractive exploration opportunity. However, the Company is ready to drill key targets at the Ditau Camp Project ("Ditau") and was not prepared to incur unnecessary operational delay.

Under Kavango's original timetable, the Company had planned to mobilise the rig to Ditau on Friday 18 March. Site preparation has been underway at this project since the middle of February.

This work continued, while discussions with KKME were ongoing. Camp clearance, pad preparation and road access construction are nearing completion. A water drill contractor has been engaged to drill a water borehole, to provide a reliable source of water for drilling operations.

Now that Kavango has mobilised the diamond rig to Ditau, the Company will provide a more detailed announcement outlining its key targets and drill plans in the coming days.

Ben Turney, Chief Executive Officer of Kavango Resources, commented:

"I would like to thank the KKME team for their support and engagement in recent weeks. We wish them well with their future endeavours. Eleven of twelve shareholders agreed to the original offer Kavango made, but this was the kind of deal that would only work with unanimous approval.

There is clearly considerable potential at Molopo. Although we have not been able to secure a workable acquisition agreement at this moment in time, we will keep the door open.

More importantly for Kavango, we have maintained our momentum in the field. Ditau has been a longstanding project for the Company. We have accumulated a considerable amount of technical exploration data leading to this drill programme.

Advance preparations for rig mobilisation have progressed well. Construction work continued while discussions with KKME were ongoing. The campsite is ready to receive the rig and we've nearly completed construction of road access. The water borehole should be operational by the end of the month.

With the rig now on its way, we will provide a more detailed drill plan for the potential carbonatite targets at this project, which can be a source of Rare Earth Elements, in the coming days."

Further information in respect of the Company and its business interests is provided on the Company's website at and on Twitter at #KAV.

For further information please contact:

Kavango Resources plc

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