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| 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% | 0.65 | 0.00 | 00:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 0.60 | 0.70 | ||||
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Copper Ores | USD 12k | USD -2.21M | USD -0.0026 | -2.50 | 5.5M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| - | O | 0 | 0.65 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 29/11/2023 | 18:07 | ALNC |  TRADING UPDATES: Aura eyes Tiris expansion; Kavango backs Pambili |
| 29/11/2023 | 07:00 | UKREG | Kavango Resources PLC Investment in Pambili Natural Resources TSX-V:PNN |
| 20/11/2023 | 07:00 | UKREG | Kavango Resources PLC Grant of New Share Options |
| 16/11/2023 | 12:27 | ALNC | IN BRIEF: Kavango rises on prospect licences acquisition in Botswana |
| 16/11/2023 | 07:00 | UKREG | Kavango Resources PLC KCB -- Acquisition of six new PLs completes |
| 10/11/2023 | 17:04 | UKREG | Kavango Resources PLC Holding(s) in Company |
| 08/11/2023 | 07:00 | UKREG | Kavango Resources PLC Director Holding(s) in Company |
| 06/11/2023 | 13:48 | ALNC | Power Metal still likes Kavango but sells all shares back to execs |
| 06/11/2023 | 07:00 | UKREG | Kavango Resources PLC Director/PDMR Shareholding |
| 03/11/2023 | 18:24 | UKREG | Kavango Resources PLC Holding(s) in Company |
Kavango Resources (KAV) Share Charts1 Year Kavango Resources Chart |
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1 Month Kavango Resources Chart |
Intraday Kavango Resources Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 29/11/2023 | 16:28 | Kavango Resources exploring for another NORILSK under the Kalahari Desert | 5,477 |
| 26/10/2023 | 15:07 | Kavango Pumped | 18 |
| 17/10/2023 | 12:03 | Zimbabwe economy in meltdown | 1 |
| 10/11/2020 | 07:06 | Kavango Resources News and Research Thread | 151 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
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| Top Posts |
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Posted at 03/12/2023 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 0.65p.Kavango Resources currently has 845,569,314 shares in issue. The market capitalisation of Kavango Resources is £5,496,201. Kavango Resources has a price to earnings ratio (PE ratio) of -2.50. This morning KAV shares opened at 0.65p |
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 06/11/2023 12:11 by kdickson Power Metal Resources* (POW LN) 0.62p, Mkt cap £13m – Sale of Kavango shares raises £556kPower Metal reports the disposal of its total holding of Kavango Resources at 0.8p/share. The sale raised £556k for deployment in exploration activities. POW retains 60m warrants, half of which are exercisable at 4.25p and half at 5.5p, expiring on 8th January 2025. The Company retains a 1% NSR over the Kavango Kalahari and Ditau Camp projects. *SP Angel acts as Nomad and Broker for Power Metal Resources |
Posted at 01/11/2023 10:15 by apotheki FIRST EQUITYKavango 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 31/10/2023 09:01 by jp2011 You need your head testing if you think the IOCG target is worth pursuing. Firstly KAV found very little evidence of base metals in Northern KSZ, as did the other drillers going back 40 years. KAVs geophysics is suspect as per 2022/23 campaigns. The IOCG target depth is 1000-2000m, do you have any idea how expensive that would be to drill just a 4 hole exploratory campaign 1m to 2m USD with a low probability of success. For that money KAV could create a JORC resource elsewhere adding bankable shareholder value. The only reason KAV includes Northern KSZ/IOCG on the website is that they include monies spent to date on the balance sheet because it looks good and they want to avoid write downs. I could be completely wrong and perhaps Rio/AA etc will write a cheque for 20m but suspect he'll will freeze over first. |
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.kavangor 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 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 |
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 10/3/2023 20:18 by skiboy10 Kavango Eye’s Nova-Style KSZ Target10 March 2023 LSE: KAV Mining 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). hxxps://themarketbul |
Posted at 20/10/2022 06:48 by skiboy10 PRESS RELEASE20 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 For further information please contact: Kavango Resources plc Ben Turney bturney@kavangoresou +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. |
Posted at 11/7/2022 10:05 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 |
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