Kavango Resour. Share Chat (KAV)

Spot on Makus.

The share price reaction has been well over top for what was an excellent RNS demonstrating decent progress at the KSZ. We already knew back in December that they hadn't hit the jackpot yet. I think some investors expectations are unrealistic and whilst I'm not a geologist I do realise that these things can take time and the more information that is gathered refines the model and leads them closer and closer to their goal.

The conformation that what they did find were primary sulphides was excellent news and this KEY point should not be overlooked -

- Discussions were held with several major mining companies at the recent Mining Indaba Conference in Cape Town; interest was shown in the size and potential of the KSZ to host mineral deposits; a data room is currently being set up.

We already know they have signed NDAs with several companies re: carbonatites at Ditau so why not JV both projects with the same company?

They clearly are in the right area and hopefully the downhole geophysics and/or more powerful transmitters will detect the massive sulphides that we are looking for. And also get a mid tier or major on board to really accelerate the projects at both the KSZ and Ditau.

It's main market listed not AIM

PM - you say why is there such bad sentiments to the stock ? , there has been more buys than sells, so there is no PI bad setiments, the only bad sentiment is by the MMs and their manipluative games. I don't know anything about a new placing apart from thats what the MMs are hoping for so they can cover their short position as they do with most aim stocks. F-----s

Absolutely disgusting what the MMs get away with in these markets

It’s another Jam tomorrow RNS , I think there’s more minerals at the bottom of our garden.

Tiny volume of trades showing on LSE, barely a couple of thousand pounds of sells so I suspect games being played.....

I suspect the market doesnt understand it! I don't, and am hoping for a MM interview later to explain it!

Looks like the market is not taking the update as positive

News out this morning - looks encouraging.

Wonder if any of the major mining Company's stated in the update are going to take an active interest in Company's activities prior to the geophys works get carried out or wait to see the results are (if positive) before stepping up to the plate.

We shall see in the coming months.

This may explain the lack of news since xmas

It looks like the Indaba conference in Cape Town has most likely delayed news flow but now that Indaba is pretty much over now for another year this should be rectified shortly. By all accounts there were some interesting meetings held including with potential industry partners most of whom were the Majors!

That was 2nd Dec. Two weeks later we got this,

· Disseminated sulphide mineralisation has been intersected at various depths in a number of gabbro sills. This is extremely encouraging and suggests that free sulphur was present in the cooling magma (sulphur saturation). The tenor of the mineralized intervals will be subject to assays to be undertaken in a Johannesburg laboratory.



· On the last hole (RIT8DDH2) a 16m mineralized gabbro sill was intersected that showed intense heat alteration that extended several metres into the sediments on either side of the intrusion. This suggests that the intrusive acted as an active conduit transporting large volumes of magma to the surface*.

D220 - think there was a bit of a prolonged Christmas break before the downhole testing started at KSZ.

I'm waiting patiently. These guys won't keep us in the dark longer than is necessary, in my opinion.

Share price back at a level where people can take a position before news (rather than trying to fight a wide-ish spread after a positive announcement).

GL.

So four weeks on, still no news. Are they actually doing anything or not? If the lull is time to allow a deal with other parties, fair enough. Otherwise I'm a bit dis-chuffed with the lack of info.....

Would be nice to hear something from Kav about the downhole geophys in the next few days. MM said it would start in January I believe. We seem to be drifting in a bit of limbo atm. Do we have anything or not?

Reply from Michael Foster

The xenoliths are whitish clasts inside the gabbros. They are incorporated inside the gabbro, some with remnants of the original sedimentary textures etc. They will have to be studied in detail as they will reveal information about the temperature, pressure, cooling of the magma that formed the gabbro rocks. Part of a much bigger picture being unravelled at the KSZ.

PRESS RELEASE

2 December 2019

KAVANGO RESOURCES PLC

("Kavango" or "the Company")

DRILLING ON THE KSZ IDENTIFIES MAGMA PLUMBING SYSTEM

Kavango Resources plc (LSE: KAV), the exploration group listed on the Standard List segment of the main market of the London Stock Exchange and targeting the discovery of world-class copper-nickel-PGE deposits in SW Botswana, is pleased to announce that the current drilling programme on the Kalahari Suture Zone Drilling Project (KSZ) appears to have identified multiple magma conduits, which would have supplied molten lava to the surface.

HIGHLIGHTS

-- Drilling on the final target of Kavango's current drilling programme has intersected a 16m gabbroic sill at 120m from surface on hole RIT08DH2.

-- The gabbro sill contains disseminated sulphides as in the other intrusives intersected in this drilling programme. What is significant, however, is that the sediments above and below the sill show intensive alteration by heat. This alteration extends several meters either side of the sill.

-- The extent of the heat alteration in the sediments is unusual for a relatively thin gabbro and suggests that the sill represents a formerly active conduit that would have allowed a constant flow of magma over an extended period to the surface.

DISCUSSION and SIGNIFICANCE

-- Kavango's geological team believe that they have intersected a small part of a very extensive magma plumbing system that lay beneath multiple volcanic vents and fissures which extruded large quantities of basaltic lava onto the surface about 180 million years ago.

-- This is the type of plumbing system that hosts massive sulphide orebodies at Voisey Bay in Canada, one of the world's largest Ni/Cu/Co deposits.

-- Typically these complex plumbing systems are composed of stacked (horizontal) sills connected to each other via (vertical) dykes.

-- If the magma contained "free" sulphur (due partly to contamination of the magma by the incorporation of coal), a continuous flow of magma along the conduit over extended periods may have allowed for the accumulation of metal suphides in certain localities within the sill.

-- The application of downhole geophysical techniques should locate accumulations of metal sulphides within the gabbro. This will be undertaken as soon as the equipment becomes available.

Michael Foster, Chief Executive Officer of Kavango Resources, commented:

"It is most encouraging that the current drilling programme may have identified a magma plumbing system typical of those that host some of the world's largest metal sulphide deposits. If it can be established that the disseminated metal sulphides seen in the gabbroic sills are a primary feature, then there is an excellent possibility that economically viable metal sulphide deposits exist within the KSZ. The Company will continue to keep the market informed of all developments on the KSZ in the coming days."

For further information please contact:

Good interview. "we're not there yet" but "looks very encouraging". Sounds as if we won't know for sure if we are on the money until the New Year so more top up opportunities I guess.

https://www.proactiveinvestors.co.uk/companies/news/908181/kavango-resources-optimistic-as-it-hits-early-stage-signs-of-mineralisation-at-ksz-in-botswana-908181.html

It does sound positive. However, my lack of geo knowledge and understanding prevents me from properly interpreting what the company are saying. I am interested to see if the market determines that this is positive.

29 November 2019
KAVANGO RESOURCES PLC
SULPHIDE MINERALISATION INTERSECTED ON THE KSZIN SW BOTSWANA

Kavango Resources plc (LSE: KAV), the exploration group listed on the Standard List segment of the main market of the London Stock Exchange and targeting the discovery of world-class copper-nickel-PGE deposits in SW Botswana, is pleased to announce that disseminated sulphide mineralization has been intersected in two high level gabbro sills during drilling on the Company’s Kalahari Suture Zone Drilling Project (KSZ).

HIGHLIGHTS

• Twog abbro sills containing disseminated sulphide mineralization have been intersected in hole RIT38DH1, which lies approximately 50km north-east of the town of Hu****si in SW Botswana.

• The sills were intersected at340m and 367m respectively and were each about one third of a metre thick.

• Gabbro sills have also been intersected in reverse circulation drillholes (RIT50DH1 & RIT50DH2), which lie10kms south of Hu****si. The sills are respectively 12m and 14m thick and were intersected between 55-60m below surface.

• Drilling on the third and last target (RIT08) is currently in progress.

A photograph of some core at RIT38 can be seenon Twitter at @KavangoRes or athttps://www.kavangoresources.com/projects/kalahari-suture-zone

DISCUSSION and SIGNIFICANCE (a glossary of terms is found at the end of this RNS)

• Until thin sections of the core have been made and examined, it is difficult to be certain that the sulphides intersected in the gabbros were generated in the molten magma (primary)or introduced into the solidified gabbro from an outside source (secondary).

• The existence of primary sulphides in the gabbro would imply that there was sufficient “free” sulphur in the molten magma to scavenge metals (including Cu/Ni/PGEs) from the melt and deposit them in discrete locations (massive sulphides).

• The observed contact between the gabbro and the coal seams in the hole suggests that coal and carbonaceous matter, rich in sulphur, was incorporated into the molten magma during emplacement.

• Study of magmatic sulphide orebodies world-wide suggest that the thickness of the gabbroic sills has little bearing on the grade and value of the metals contained.

• In this type of deposit, the gabbro sills and dykes represent conduits along which large volumes of magma passed on their way to the surface. What is important is the amount of magma that passed through the conduit - leaving metal rich,immiscible sulphide liquid behind to solidify into an orebody.

Michael Foster, Chief Executive Officer of Kavango Resources, commented:

“We are highly encouraged by the discovery of disseminated metal sulphides in gabbro sills and the incorporation of coal seams into the melt. This lends significant support to Kavango’s belief that the post Karoo magma chambers emplaced along the KSZ developed sulphur rich magma that allowed for the crystallization of large volumes of metal sulphides (Cu/Ni/PGE). It

A few profit takers in the last half hour but the rewards are potentially huge for holders. News this week or next is the question.

Up 18%

Must be near target depth by now

https://www.proactiveinvestors.co.uk/companies/news/905710/kavango-resources--mike-moles-updates-on-ksz-drilling-programme-905710.html