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Ria20, How many stocks you P&D and the newbies left holding the baby?
Very nice indeed thanks legalwolf
In an amongst today's RNS news, there was also a tweet also re progress being made by Pambili, in whom KAV have a strategic position.
https://twitter.com/Ben_Turney/status/1765244948637470819
Heading to 2p plus in the short term imo. Based on today's RNS alone never mind what else is due!
Kansagra family bankrolling it 1p.
PureBond is their family fund. Self-made, wealthiest Asian family in Britain. They had previously invested in Moxico Mining which is an unlisted copper play in Zambia and has done very well. That is the child of Peter Wynter-Bee, who has come on board as a director at Kavango. I feel things may notch up here in coming weeks.. Gl all.
In just 9 months KAV has:
🔥Moved into Zimbabwe
🔥Secured 3 exciting #gold projects each with 1Moz bulk mineable potential
🔥Recruited a superb team (field, commercial & operational)
🔥Drilled 1,400m of diamond core
🔥Declared maiden 6,000/Oz #gold resource
This is just the start
There's a lot of news flow to come over the next few months:
Nara drilling
Hillside option decision (KAV has already said yes)
Karakubis geophysics and drill targets
Karakubis drilling campaign
Hillside assays
Nara assays
Some decent good news and KAV re-rates.
Good start this morning and now we are getting media coverage today should be a interesting and strong afternoon
Today 07:21
RNS Number : 7858F
Kavango Resources PLC
06 March 2024
6 March 2024
Kavango Resources
("Kavango" or "the Company")
Zim: Maiden 5,860/oz Indicated Gold Resource
Kavango Resources plc (LSE:KAV), the Southern Africa focussed metals explorer, is pleased to announce that it has received a maiden Resource Estimate (the "Resource Estimate") for the largest tailings dump at the Nara Gold Project ("Nara") in Zimbabwe.
The Resource Estimate highlights the potential for the tailings dump to provide Kavango with a significant near-term source of gold production and early, non-dilutive free cash flow.
HIGHLIGHTS
- The Resource Estimate concludes that the two Nara tailings dumps tested together contain:
- An Indicated Mineral Resource of 293,000 tonnes ("t") at an average of 0.62 grams per tonne ("g/t") gold, for a total of 5,860 ounces gold contained.
- An inferred resource of 11,900t at 0.66g/t gold, for a total of 253 ounces gold contained.
- Some 96% of the Mineral Resource has been categorised as Indicated thus placing it into a relatively high resource category for the early stage of the project, demonstrating confidence in the continuity of the material.
- Future extraction costs will be operational, with no mining required.
- The Mineral Resource Estimate also identified upside potential at the tailings dump, highlighting the opportunity to increase tonnage at as-yet-untested depths.
- Kavango is now assessing options to commercialise the gold in the Nara tailings dump.
- The Company plans to use free cash flow generated by any tailings production to advance its wider exploration activities targeting large-scale, bulk-mineable metal deposit discoveries in Zimbabwe.
Kavango currently has an exclusive 2-year option to buy Nara (announced >>> 26 June 2023).
Ben Turney, Chief Executive of Kavango Resources, commented:
"This Maiden Resource Estimate for gold for the Nara tailings dumps is the first Mineral Resource Estimate Kavango has delivered.
It's a milestone moment for our company and reflects the speed at which we are growing in Zimbabwe.
Given that this is a tailings dump, all material has already been mined and there are no further mining costs. The Resource Estimate and high resource category achieved underline the commercial potential at Nara.
While our primary objective is to discover larger-scale, bulk minable gold deposits, the 6,000 ounces of gold in the main tailings dump present an early opportunity for commercialising this project.
The free cash flow we could generate from processing the gold in the Nara tailings can help fund both our development of this project and our wider exploration across Zimbabwe's highly prospective, under-explored greenstone belts.
We will now commence metallurgical test work to optimise plant design to enable future gold production."
Agreed. If you look at his posting history, he has posted one or two posts on loads of stocks, and every single one of his posts are saying "it'll go down - don't get caught". You can't research that number of stocks in any detail, and there's never a detailed, constructive argument presented for any of them. Seems to just jump on the risers and post that mantra, then move on to find the next stock to say the same thing for.
The fact is: KAV has sight of near-term revenue from this, and this single tailings dump is just one of many easy-wins in Zimbabwe for them. Coupled with the Purebond investment of £6m, they have a plan to develop the KCB assets without needing to tap the market for discounted retail placings with warrants.
No danger of being spiked, because this is just the beginning of the newsflow here. Just add on any pullbacks imho!
This is being pumped by the usual pump-and-dump crews. Stay away, or you will be left holding the bag!
As it is moving up the leaderboard now, yes the spread has narrowed too and the buying pressure is strong and volume today is more than 6 times daily average ....so a nice day so far
Can you arrange for the spread to be narrowed?
Broken past 200 day moving average, RSI above 50 , MACD Bullish line cross has a bullish swing set up
Yes Nothopeful it is doing even better now moving up and climbing up the leaderboard, currently in the top 15
I wish it was in the top 25
Good opening start for KAV and news is just getting out about the GOLD ESTIMATE RNS today
Yes, BT has confirmed that KAV have more financing lined up, in addition to these near term revenue generation projects and that KAV therefore has no more need of "low ball broker led placings" - his words, not mine. So things should start to look up from hereon. All imo and dyor
I expect this to move up now overtrader and head towards 2.00+ mark after today news
As an investor focussed on the share price it seems to me that now there is a revenue generating resource, combined with the backing of the Kasangra's, it's hard to imagine the shareprice hasn't bottomed - the threat and execution of dilutive raises which destroys share prices for these companies seems to have gone.
Maiden 5,860/oz Indicated Gold Resource.....expect quite a bit of press coverage today
Gold is at an all time high .....fabulous time to be in.....i see a lot of people coming in here today