focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
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Copper prices roofing it atm.
Exploring in the right post code (KCB)
Big few weeks and months ahead for KAV.
As BT has said, a potentially transformational drilling programme coming up and the most important drilling campaign ever by KAV. A discovery here would be MASSIVE. Time to add here and enjoy the guaranteed news filled ride for H2 of 2024.
I expect KAV 2.0 to multi bag from these levels. GLA
Not quite the RNS was expecting but good to see phased start, makes sense.
Really need to hear about the targets and depths (really important). Typical commercial grades for 300m holes are 1.2%Cu + 12g/t, requirement increases the deeper they go.
Now this is the best news , this is where the upside is...
A copper discovery... Really looking forward to the coming months here...
surely the SP will increase with anticipation when the drill starts to spin
ATB
Ben Turney, Chief Executive Officer of Kavango Resources, commented:
"This is Kavango's best prepared and most important drill campaign. We are pursuing large-scale copper targets in the Kalahari Copper Belt. Our primary objective is to prove a copper mineralising system exists in our Karakubis licences. If we are successful, this will be transformational for our business.
We look forward to working with Mitchell to deliver a rapid drill program to test the structures and trap zones our team has identified. This program will be delivered quickly, starting with one rig and quickly scaling up to a second rig. We expect to complete drilling within 4 months.
While there are no guarantees in exploration, the work our team has done maximises our chances of success. We enter this landmark drill campaign with a sense of growing optimism."
GLA
The Hillside option transfer is any day at which point KAV will be in better position to share information
Now targeting 3kg/mth production, c$200k/mth, think the original target was 1kg/mth
A more detailed video presentation next week, ...."great visuals"
Returning to drill at Hillside ASAP, beginning June.
Overall: very upbeat
The Stockbox is out. Things are getting very exciting here.
https://www.youtube.com/watch?v=uO0stKxu3XU
BT says KCB campaign about to get started in a "couple of weeks"...which from experience means 2 weeks + 1 week to set up camp & clear drill sites + 1 week for drill team to arrive set up so broadly second week in June for actual drilling
Uptick in publicity; Mining Podcast today, Investor Webinar on Tuesday, another Stockbox due very shortly. I generally find 1 or 2 bits of new information but would like to see some new material such as drill targets.
According to good old Zak Mir! Retweeted by BT - does he have some more newsflow incoming for us?
https://twitter.com/Share_Talk/status/1783034741240758636
On reflection the observations about grades at depths is missing some important points. The drill was designed to intersect 7 or 8 shear zones, going right to left so some of the intersects were always going to be deep. Because its only a single drill the results don't tell what the grades are above the intersection point to the surface, therefore there's a lot more gold than indicated. eg 1m @3.1g/t from 156m, is that part of a shear zone & what are the grades vertically above to surface? In hindsight KAV might have drilled a second hole left to right & I think Lobo Tiggre picked up on this 3 weeks ago...from KAV's point of view it was a limited scoping drill campaign but Lobo raised a good point. Note drills rarely go vertically because it gives less information.
The artisans are targeting much shallower free gold & as BT said historic grades c12g/t .A lot of that material will have been mined but KAV clearly thinks there's potential & want a follow up bulk sample.
Its quite difficult to come to any firm conclusions from this drill other than gold mineralisation has occurred within the shear zones, grades were reasonable but a lot more drilling (June) is required. KAV have 3d IP resistivity & chargeability models & aligning these with the drill results will give a good indication where to drill next.
The drill campaign was proof of concept prior to option exercise so there’s a lot more drilling to come before anyone knows the scale of the deposit. One snippet from the previous result was the alignment of IP to gold deposits.
The unknown £10k trades? BUYs as one was me.
😴
Legalwolf said: "Another good RNS from KAV 2.0."
I am not sure I'm reading the same material then? KAV 2.0 has just spent lots of money drilling a 300m deep hole, and found nothing of especial note, certainly not mineable, in other words just like KAV 1.0. and how 2020/2021/2022/2023 was billed as the "Year of Discovery"
Surprised they released this and didn't wait in case other holes have better results. Can't wait for the next thrilling update.
DYOR!
KAV didn’t quantify copper, it merely said 2-10% sulphides &vast majority will be iron based. The multi element analysis is done in JHB and likely available June.
Two observations, the better grades are quite deep & secondly KAV thinks the grades should be better based on artisan findings. KAV will need this for bulk mining.
Thanks for the tip Legalwolf....onwards and upwards!
@LW
Land a decent copper hit also and I agree
Another good RNS from KAV 2.0. This is one of the few stocks in my pf that I don't feel that I need to worry about. Fully funded and will soon have 3 rigs on the ground proving up gold and copper projects. Majority of the stock is very tightly held. All shaping up very nicely indeed.
Hopefully the next update will push us to 1.5p. GLA
The closest comparison is Sandfire's T4 Motheo which lies on the same regional fault, TBH it means diddly squat because the mineralised zones are more nuanced.
Interestingly ARC Minerals are also about to recommence drilling at the KCB. They hit copper during their maiden drilling campaign there last year. Has anyone here been following ARC and are there any useful comparisons to be made from the work/geology they have been doing vis a vis KAV 2.0?
Quite difficult not to make discoveries on Zim greenbelt but the real question will be scale & commercial attractiveness, tbc.
Botswana & KCB would be the real deal and hopefully they'll start in the next month.
BT took a lot of stick when he asserted this before and KAV didn't deliver a discovery. For him to repeat it again shows his confidence and obviously he is putting his reputation on the line here. I think KAV know they already have the discoveries in Zim and it's a case of proving them up with drilling etc. Three drills soon to be turning in Zim and KCB. Should make for another news filled and share price rising period here. GLA
https://twitter.com/Ben_Turney/status/1788479546028658826
Dave also works with Cobre. Next 3-4 months important for KAV.