Kavango Resources Share News (KAV)

IN BRIEF: Kavango excited about discovery drilling at Zimbabwe project

Kavango Resources PLC - London-based, Botswana-focused metals exploration company - Starts follow up discovery drilling at its Prospect 2 target in the Hillside gold project in Zimbabwe. Chief Executive Ben Turney says: "The next phase of discovery drilling at Hillside is extremely important for Kavango. We will follow up on the significant success we had with Hole BRDD001 at our Prospect 2 target. This intercepted a 7.2m gold mineralised zone that returned an average grade of 9.95 [grammes per tone]. This zone has been exploited on surface and was intersected at an approximate vertical depth of 35m, which is in line with our exploration model searching for possible open-pit gold deposits." Adds: "What is especially exciting about this target is that if we are correct, it presents both a long-term bulk-mining opportunity and the chance for a near-term higher-grade open-pit." Further exploration holes will be announced at Hillside in due course.

IN BRIEF: Kavango starts first drilling at Karakubis targets

Kavango Resources PLC - London-based, Botswana-focused metals exploration company - Commences drilling its first high-priority targets at the Karakubis Copper Project in the Kalahari Copper Belt, which runs from northeast Botswana to western Namibia. Company identifies 15 high-priority targets for this first phase, "all located above interpreted, doubly-plunging fold structures over gravity highs where associated faulting is thought to be favourable for trap site development". Says drill holes are designed to check favourable trap sites; to confirm stratigraphy; and assess the potential for large-scale copper and silver mineralisation. Kavango expects to identify further targets as it completes data processing for the first survey results.

Kavango moves forward with Botswana drilling as targets identified

(Alliance News) - Kavango Resources PLC on Friday announced the first priority targets for phase one of drilling on the Karakubis copper project in Botswana.

UK shareholder meetings calendar - next 7 days

EARNINGS AND TRADING: Various Eateries and Luceco see sales climb

(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

IN BRIEF: Kavango encouraged by mineralisation findings in Zimbabwe

Kavango Resources PLC - Botswana and Zimbabwe-focused exploration company - Announces the first assay results from the Hillside Prospect 3 gold project in Matabeleland, southern Zimbabwe. Says Hole NSDD001 was a scoping hole sited to target mineralisation below multiple sets of artisanal workings at Prospect 3. The hole intersects multiple shear zones hosting sets of anastomosing gold bearing quartz veins and associated sulphide mineralisation. Says mineralisation starts at 12m below surface and may be open-pit mineable.

TRADING UPDATES: Microsaic wins contract; Frontier inks Canadian deal

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

Kavango Resources raises GBP3.1 million via bookbuild

(Alliance News) - Kavango Resources PLC on Wednesday said that it has raised GBP3.1 million via an accelerated bookbuild, at a price of 1.2 pence per share.

TRADING UPDATES: Smarttech247 inks USD2.1 million contract

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

EARNINGS AND TRADING: Graft Polymer extends loan; ASA profit down 30%

(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

IN BRIEF: Kavango finds 9.95 gold grammes per tonne at Hillside

Kavango Resources PLC - Botswana and Zimbabwe-focused exploration company - Says drilling at Hillside Prospect 2 finds up to 9.95 gold grammes per tonne. Intends to test the gold-bearing potential of these shears by drilling a fence of holes to test for a bulk-minable gold deposit across the entire zone, it says. The Hillside gold project is in Zimbabwe. On Monday, Kavango reported that it had found up to five potentially mineralised shear zones identified from an induced polarisation survey at Hillside. Chief Executive Officer Ben Turney says: "Results from Prospect 2 at Hillside are even stronger than those we've recently reported at Prospect 4. The 7.2 meters wide zone running at 9.95g/t is significant in itself, but viewed in the context of the other gold intercepts in Hole BRDD001 the open-pit potential is clear."

IN BRIEF: Kavango finds potentially mineralised zones at Hillside

Kavango Resources PLC - Botswana and Zimbabwe-focused exploration company - Finds up to five potentially mineralised shear zones identified from an induced polarisation survey at its Hillside gold project in Zimbabwe. Two of the zones identified from the IP survey coincide with a series of parallel artisanal workings. Adds that three additional shear zones have been interpreted under slightly thicker cover and remain undiscovered. Chief Executive Officer Ben Turney says: "We are looking forward to testing the bulk-minable gold potential at prospect 4. The possible presence of four parallel, gold-bearing shear zones makes this an increasingly attractive exploration target."

Kavango Resources announces drill tender for drilling at Karakubis

(Alliance News) - Kavango Resources PLC on Friday said that it is tendering for the first phase of scope drilling on the Kalahari copper belt at its Karakubis project in Botswana.

IN BRIEF: Kavango Resources loss widens; eyes Kalahari drilling start

Kavango Resources PLC - Botswana and Zimbabwe-focused exploration company - Pretax loss widens 49% to USD3.3 million in 2023, from USD2.2 million in 2022. Notably, Kavango reports pre-licence exploration costs of USD1.2 million for 2023, compared to none a year prior. Administrative cost decrease 7.0% to USD2.1 million from USD2.2 million. The company is in a pre-revenue state so far. Kavango expects to start drilling at Kalahari copper belt project in Botswana in the middle of the second quarter of 2024. Notes that in March it signed its first contract to start immediate gold mining operations at the Hillside project in Zimbabwe.

EARNINGS AND TRADING: AssetCo deputy retiring, Chapel Down ups revenue

(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News: