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KAV Kavango Resources Plc

0.80
0.00 (0.00%)
Last Updated: 08:00:05
Delayed by 15 minutes
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 0.00% 0.80 0.00 08:00:05
Bid Price Offer Price High Price Low Price Open Price
0.75 0.85 0.85 0.80 0.85
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Copper Ores USD 12k USD -2.21M USD -0.0026 -3.08 6.76M
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 0.80 GBX

Kavango Resources (KAV) Latest News

Kavango Resources (KAV) Discussions and Chat

Kavango Resources Forums and Chat

Date Time Title Posts
15/3/202410:19Kavango Resources exploring for another NORILSK under the Kalahari Desert5,507
26/10/202315:07Kavango Pumped 18
17/10/202312:03Zimbabwe economy in meltdown1
10/11/202007:06Kavango Resources News and Research Thread151

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Kavango Resources (KAV) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2024-03-18 13:33:130.852,92724.88O
2024-03-18 09:28:290.78499,9433,907.05O

Kavango Resources (KAV) Top Chat Posts

Top Posts
Posted at 19/3/2024 08:20 by Kavango Resources Daily Update
Kavango Resources Plc is listed in the Copper Ores sector of the London Stock Exchange with ticker KAV. The last closing price for Kavango Resources was 0.80p.
Kavango Resources currently has 845,569,314 shares in issue. The market capitalisation of Kavango Resources is £6,764,555.
Kavango Resources has a price to earnings ratio (PE ratio) of -3.08.
This morning KAV shares opened at 0.85p
Posted at 11/3/2024 11:31 by jp2011
What's all the sh1t stirring about? You must be one of the LSE axe grinders whose posts keep getting moderated.Correction 1, KAV have a production contract, they don't own it at this stage.Correction 2, KAVs duty is to comply with relevant laws in the jurisdiction, there is no obligation beyond that.KAV have 52% shareholder with unlimited cash. The only bodies that care about ESG are pension funds and they don't invest in junior miners.
Posted at 08/3/2024 12:31 by kdickson
SP Angel . Morning View .

Gold continues to test higher ground as traders brace for today’s employment data.

Kavango Resources* (KAV LN) 0.76p, Mkt Cap £10m – First gold production to begin generating revenue in April


- Kavango Resources has formed a subsidiary in Zimbabwe to begin small scale gold mining at their Hillside Project.

- Kavango reports gold production has been profitable from Hillside for the past three years.

- The Project holds two stamp mills, with Kavango looking to add a third stamp mill, with production capacity currently 600tpm.

- Four prospects have been identified by Kavango’s exploration team for processing.

- The Company will aim to double production to 1kg/month through 2024.

- Revenue is expected at $30k a month.

- Kavango will look to invest in the plant and is aiming at ‘enhancing local community-led gold extraction to increase near-term production.’

- Management believes that limited capital investment at Hillside provides opportunities for expansion of production, including potential small-scale underground mining.

- Hillside holds five historic underground mines.

*An share price Angel Analyst holds shares in Kavango
Posted at 23/2/2024 11:58 by kdickson
SP Angel. Morning View.

Kavango Resources* (KAV LN) 0.7p, Mkt Cap £9m – Drilling at Hillside shows promising visual core

Kavango Resources provides an update on its exploration programmes at the Hillside Gold Project in Zimbabwe.

The Company is completing IP over four prospects over 16km lines.

The IP is intended to identify sulphide bodies relating to high-grade gold-bearing shear structures.

The Company has also completed four diamond core holes over 1,306m over the four prospects.

Core visuals are reportedly encouraging and assays are due following the granting of export permission.

The Company intends to complete a further 1,400m of diamond drilling relating to the current IP survey.

Management notes its confidence in the visual observation of the recent cores, encouraging them to carry on exploring Hillside.

Drilling is also being planned at the Nara Project, with a geological mapping exercise ongoing.

90 auger holes have been drilling at the Nara tailings dump, with these currently being modelled with a resource consultant.

Nara covers four historic underground mines, which produced at average grades of 9.8g/t.

*An share price Angel Analyst holds shares in Kavango
Posted at 25/1/2024 11:17 by kdickson
SP Angel . Morning View .
Metals rally as traders continuing buying following surprise China rate cut.

Kavango Resources (KAV LN) 0.65p, Mkt cap £8.8m – Gold exploration progress at the Hillside project, Zimbabwe

Kavango Resources reports that it is preparing drilling of a fourth target at the Hillside gold project in Zimbabwe and that it is awaiting permission for the export of samples from diamond drilling of three other targets for assaying.

The latest hole is planned to test “a number of possible gold-bearing structures … [at around 250m depth] … adjacent to a historic narrow vein-hosted high-grade gold mine that was subject to near-surface mining”.

The old mine “reportedly produced at an average recovered grade of 13g/t gold at various times from 1910 until recently”. Historic workings were “limited to the near-surface oxide zone, at shallow depths” and Kavango Resources plans to test “a highly prospective greenstone gold target, located in a shear zone in granites and extending across the contact margin”.

The company is also testing geochemical samples from augur drilling of the “largest tailings dump at the Nara Project” and is awaiting export clearance for samples from geochemical testing “over … [the] … entire Nara area”.

Further geochemical work is planned for the Leopard Project.

Chief Executive, Ben Turney, described Zimbabwe as offering “enormous, unrealised potential in … [its] … goldfields … [and expressed hope that] … Kavango's success will help illustrate what is possible in this exciting, heavily underexplored gold province”.

Conclusion: Further gold exploration drilling in Zimbabwe is planned with a hole next to an historic mine aiming to test the deeper potential beneath near-surface oxide hosted workings.
Posted at 06/11/2023 14:16 by apotheki
Power Metal still likes Kavango but sells all shares back to execs

(Alliance News) - Power Metal Resources PLC on Monday said it sold its entire holding of 69.5 million shares in Kavango Resources PLC, but stressed that this "does not reflect any negative view" of the company.

Kavango is a metals exploration company with assets in Botswana and Zimbabwe, while Power Metal is focused on North America, Africa and Australia.

On Friday, Kavango's Chief Executive Officer Ben Turney purchased 6.3 million shares for 0.8 pence each for GBP50,000 in total. At the same time, Non-Executive Director Peter Bee acquired 63.3 million shares for the same price, totalling GBP506,000.

On Monday afternoon in London, Kavango shares were up 6.3% at 0.85p each. Power Metal shares were down 2.4% at 0.61p.

Power Metal raised GBP556,000 in cash for this disposal of its shares in Kavango to bolster its cash reserves and fund its "high impact exploration initiatives".

Power Metal said it has retained 60.0 million warrants to subscribe for new shares in Kavango, which will expire on January 8, 2025. Of these, 30.0 million have an exercise price of 4.25p each while the other 30.0 million are priced at 5.5p each. It also holds a 1% net smelter return royalty respecting the project licence footprint in the Kalahari Copper Belt and the Ditau Camp projects it and Kavango previously held in joint venture.

Chief Executive Officer Sean Wade reassured investors: "Whilst we would describe our holding in Kavango as non-core our disposal does not reflect any negative view of their business or their ambitions and we wish them well in their endeavours.

"Our priority however is deploying financial resources into Power Metal core projects whilst also streamlining the diverse interests of the company and demonstrating our ability to raise cash for operations through means other than equity financings which dilute investor holdings."

Wade continued: "The funds raised will add to our significant existing cash balances and will be utilised for accelerated exploration, including drilling of certain high impact retained exploration projects targeting large-scale metal discoveries."
Posted at 01/11/2023 10:15 by apotheki
FIRST EQUITY

Kavango Resources plc (KAV,L)*

1 Nov 2023

Price: 0.725p

MCp: £9.5m

Tck: KAV.L

Sector: Resources

Geo: Botswana & Zimbabwe

Recommendation: Buy

Completion of £6m Financing

Kavango Resources (KAV.L) yesterday completed its £6m fund raising at 1.0p per share with the issue of second stage placing shares to investor Purebond Limited, which now holds an interest of 52.5%, although this is expected to be diluted to 49.3% when 84m consideration shares are issued to the vendors for two of the new Zimbabwe gold projects.

This financing was completed after the publication of the Prospectus last week and passing of General Meeting resolutions required to issue the second stage placing shares (£4.6m worth) and investment of £1.4m secured at the first stage back in June 2023. These were both completed at a 1.0p placing price.

FE Comment

With net proceeds of £5.9m at its disposal, Kavango Resources is now probably one of the most well financed micro-cap exploration companies listed in London.

Funds will principally be earmarked for exploration work programmes on the KCB copper project in Botswana (which the Company expects to drill in Q1 next year), along with the newer interests in Zimbabwe on the Nara, Hillside and Leopard gold projects. Drilling has commenced at Hillside in recent days and is expected to be complete before Christmas. Kavango has imported a multi-purpose rig into Zimbabwe to continue exploration drilling in the New Year. The proceeds will also be used at Ditau and KSZ, along with working capital and project acquisition payments.

Since the middle of July this year, the shares have traded below the 1.0p placing price and continue this pattern today after the issue of second-tranche shares, with a discount of around 25%, at a bid-offer quote of 0.70p-0.75p.

Pricing anomalies such as this do not last for long. We therefore recommend investors take advantage of this short-term buying opportunity to invest in a well-funded exploration company that now has the financial resources to advance its projects in both Botswana and Zimbabwe. Moreover, the prospect of near-term revenue generation from the gold tailings Nara interest provides an extra dimension to the situation. We therefore recommend the shares as a ‘Buy’.
Posted at 26/10/2023 16:25 by apotheki
Today paulhopeful [see copy of the RNS below]

Publication of Prospectus

Further to the announcement of 9 May 2023 in which Kavango announced it had conditionally raised GBP6,000,000 before expenses by the two stage issue of 600,000,000 new ordinary shares of GBP0.001 each in the capital of the Company (the "New Ordinary Shares") at a price per share of 1.0 pence, the Company is pleased to announce that the Financial Conduct Authority has approved its prospectus dated 26 October 2023 (the "Prospectus") issued in connection with the Stage 2 Subscription of 460,000,000 New Ordinary Shares (the "Stage 2 Subscription Shares").

The Prospectus has been published in electronic form and will shortly be available on the Company's website at:

hxxps://www.kavangoresources.com/investor-relations/admission-document

A copy of the Prospectus has also been submitted to the National Storage Mechanism and will shortly be available for inspection at

hxxps://data.fca.org.uk/#/nsm/nationalstoragemechanism

Admission and Total Voting Rights

Application will be made for the Stage 2 Subscription Shares to be admitted to the Standard List segment of the O cial List and to trading on the main market of the London Stock Exchange plc ("Admission"). It is expected that Admission will become e ective and that dealings in the Stage 2 Subscription Shares will commence at 8.00 am on 31 October 2023.

Following Admission, the total issued share capital of the Company will consist of 1,305,569,314 ordinary shares. Therefore, the total number of voting rights in the Company is 1,305,569,314 and this gure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest, in the share capital of the Company.

Further information in respect of the Company and its business interests is provided on the Company's website at www.kavangoresources.com and on X at #KAV.
Posted at 25/9/2023 12:20 by kdickson
SP Angel. Morning View.
Kavango Resources (KAV LN) 0.65p, Mkt cap £5.1m – Expansion of exploration area in the KCB

Kavango Resources reports that it is to acquire additional Prospecting Licences in the Kalahari Copper Belt (KCB) of Botswana consolidating its land position around its existing licences in the South Ghanzi Block.

The company will acquire a 90% interest in licences between its existing Karakubis Block and the South Ghanzi licences for a total of A$2.5m, to be paid in stages “giving Kavango a single, contiguous project area to explore”.

Under the agreement with two subsidiaries of Global Exploration Technologies (Icon Trading and Ashmead Holdings) Kavango will pay an initial A$1.5m in cash upon completion of the acquisition followed by two further cash payments, each of A$500,000, after 90 days and 180 days.

The Ashmead licences are due for renewal in June 2024 and those currently held by Icon are renewable in September 2025.

The additional licences are believed to host the contact zone between the D’Kar and Ngwako Pan Formations which hosts economic mineralisation elsewhere within the Kalahari Copper Belt, including at the T3 deposit of Sandfire Resources and at Khoemacau Mining’s Zone 5 deposit where, in February, mining reached the targeted 300,000tpm rate.

The new licences also give Kavango Resources coverage of “a single regional system that incorporates notable domal structures, which are key exploration targets in the search for large-scale copper/silver mineralisation”;.

Chief Executive, Ben Turney, expressed confidence that “uninterrupted control of the single system in this portion of the Kalahari Copper Belt … significantly increases our chances of making a discovery here”.

He said that the company will
now review “exploration data for the new licence areas and the results of our recently completed IP surveys at the Karakubis project area. Our goal is to identify high-confidence drill targets to pursue in Q1 next year”.

Conclusion: The additional licences consolidate Kavango Resources’ position over a stratigraphically and structurally promising part of the Kalahari Copper Belt in Botswana. We await news from the continuing exploration with interest.
Posted at 20/10/2022 06:48 by skiboy10
PRESS RELEASE

20 October 2022

KAVANGO RESOURCES PLC

("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 www.kavangoresources.com and on Twitter at #KAV.

For further information please contact:

Kavango Resources plc

Ben Turney

bturney@kavangoresources.com

+46 7697 406 06
Posted at 03/10/2022 17:14 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.
Kavango Resources share price data is direct from the London Stock Exchange

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