Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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They've also said today they expect to exercise the Hillside option before 23 April i.e. within the next week
Things are lining up well here. Good to see some liquidity return to the share. BT tweeted earlier that he is looking to make a new all time high in KAV’s share price in 2024. Bring it on!
From Telegram Hive:
"Dee, if you work on a shaft sinking cost of US$1,000 a meter, it will only cost us $100,000 to get a 2m x 2m shaft down to the ore zone.
If you work on the basis each level in a mine is roughly 30m to 40m we’re only talking about getting down to 4 Level to start mining
We then need to put a concrete collar and headgear on the shaft. Prospect 4 already has power and there is a small lake about 300m away
We still need to calculate the true width of the vein but the 29g/t grade is nearly an ounce a ton. That is exceptional
Prospect 4 sits about 10km north of Prospect 1, where our stamp mill processing plant is. That is easily in trucking distance
As you can see in the RNS today the gold in the high grade zone is visible, strongly suggesting it is free gold. We need to do further testing work on this but if this is correct it will mean the ore can be processed easily
We are very encouraged that the geology confirms the IP survey. This gives us a clear roadmap for testing this zone further with drilling and (more importantly) gives us confidence that we can test what we believe are 3 other shear zones in the close proximity. Artisanal work strongly suggests these are also gold bearing, offering potential for future expansion
Prospect 4 doesn’t look like it will be an open-pit opportunity but we never expected that. Instead it looks like a near surface, extremely high grade underground opportunity that we can hopefully bring into production for relatively little investment and very quickly
Having set Kavango Mining up, we’ve positioned ourselves to move swiftly on an opportunity like this if one presented itself, while pursuing exploration for the much larger, open pit style of mineralisation"
From Telegram, when asked about mining strategy this morning BT said:
"Our strategy will change on specific results. Ultimately we are looking for mineable deposits we can bring into production quickly
As you’ve correctly deduced this looks like a very high-grade, near surface opportunity, which is why we’ve highlighted KAV Mining
This is running at nearly an ounce a ton and sinking a shaft to it will be no problem
This is a massive step forward for KAV
The 3 untested shear zones are very exciting because they all seem to be being mined by artisanals (meaning they likely host gold at a good grade) and we seem to have picked them up accurately using the geophysics (the current drill results align perfectly with the IP result over the shear zone we tested)
Prospect 4 remains our 4th ranked target at Hillside, so this project is looking really strong for our 1Moz overall goal"
EDIT - sorry. slip of the pen: 4th para starts "They would've known", obviously!!! didn't let me correct edit it... apologies
Applying a paltry 1.1g/t Au cut-off grade, all you get is 30cm at 200g/t at U/G mining depth. No evidence of any bulk mineable grade thickness in that hole at all.
OK that grade is truly impressive. But what does the repeat assaying or, given nugget effect, the screen fire assays show? The CP/QP does not say...
Allowing for mining diultion and the fact it appears 30 degrees oblique to the structure, is it really worth getting out of bed for? High grade gold in a skinny vein below old open workings? Roll out the barrel.
They've known about the VG since it was drilled (didn't mention it then in the RNS of 25 Jan), had pXRF available etc., so the in crowd would have been in the know.
Let's hope they find something noteworthy in the rest...
IMHO, DYOR, GLTAH
Seems to have gone straight into auction. Can't buy across two different platforms!!!
I added a few to my ISA on Friday. Wish I'd done it sooner!
GLA
Just remember the Hillside strategy is bulk mining and normally a cut off grade is used for establishing resources.
Fantastic start for KAV at Hillside. 29g/t is excellent. Target of 1 million ounces with potential for near term production. Multi bagger in the making this for sure. Still cheap as chips at 1p.
WOW - that’s a big number !
#KAV - Massive assay results -
29g/t gold (close to an ounce per tonne) over 2.5m from a depth of just 97.47m & 1.8g/t gold over 1.32m from 214.46m
-Drilling hit target shear zone & several other potential shear zones
PJ & BT are best buddies from numerous businesses, so no surprise to hear an endorsement. Not sure if PJ is a direct shareholder in KAV but he hold a chunk of POW which has 60m warrants at c2p exp Jan 25. It could be a win-win with KAV getting £1.2m at 2p.
Yes, it would be good to hear from BT as to the reasons and confidence behind the increase in the target. And remember this is only Nara. What about Hillside? When you consider the current mcap against the potential here just from the gold, you can see the multibagger potential from these levels. Now imagine if they have any early drilling success at KCB!
I've been noting that PJ is also a big fan and wonder if he has bought in:
https://twitter.com/pauljohnson9691/status/1778675086104441020
Legal: the new target is slightly odd because its been 500-2600koz for the last 3 months before the current drills started. I suspect what BT means is their confidence has improved particularly if they confirmed a 200m x 5000m zone. I think the new mapping is welcome although I'd have like to see an interview with a detailed explanation.
They are obviously encouraged by what they have seen so far in order to raise the target by that much. Obviously the results will do the talking in the end. Talking of which, I can't wait for these Hillside results to come through now. So much to look forward to in Q2, with KCB drilling likely to commence as well.
I can see the share price continuing its healthy and incremental rise this year and we now have some liquidity coming in as well.
Appears to be very positive news. Lets hope the 2 million ounces goal is achievable.
BT sums it up perfectly in this tweet:
https://twitter.com/Share_Talk/status/1778720791460221214
I can't help but agree with a recent KAV comment from elsewhere that we are likely to be on a multi-bagger here, as we continue to go forward.
It's also good to read the steadily positive news-flow from KAV .
Everyone has had ample opportunity to buy in under their 1p purchase price. I just hope sub 1p is behind us now.
Kansagras are in the money now! And good luck to them too!
Gold at 2400. KAV already producing gold and mcap of a mere 12 million. Barely got going with its news flow as well. KCB selling to come as well this quarter.
Ducks are lining up here and great opportunity at only 1p.
More progress , I’m with you Legal Wolf ..
I can see Kavango coming good
Atb
Nara could be a company maker on its own and this will go parabolic if they hit the target. This is going under the radar and could turn out to be a real gem.
Hillside results coming later this quarter as well. Multibagger in the making for sure.