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  5. Kavango confirms February start for Ditau Prospect drilling

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Share Price: 1.50
Bid: 1.40
Ask: 1.60
Change: -0.05 (-3.23%)
Spread: 0.20 (14.286%)
Open: 1.55
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Kavango confirms February start for Ditau Prospect drilling

Mon, 28th Jan 2019 15:40

(Sharecast News) - Kavango Resources announced on Monday that drilling at its Ditau Prospect, which forms part of the Kalahari Suture Zone in Botswana, would begin in early February.The London-listed firm said drilling at the first of two coincident geophysical and geochemical base metal conductor/anomalies at the Ditau Prospect would start shortly.It said the 1,000m initial drill program was designed to intersect the targets at 100m and 200m vertical depth, and would involve a combination of both reverse circulation and core drilling, with the target conductors extending from just below the surface to depths in excess of 600m.A drilling contract had been signed with Maquana Explorations - an experienced Botswana company based at Selebi-Phikwe.The firm said the Ditau target anomalies extended north-south for at least four kilometres, and represented "very compelling" geophysical anomalies which were coincident with "significant" zinc in soil anomalies on surface.Zinc, which was the most mobile of the base metal elements, acted as a pathfinder for potential base metal mineralisation at depth."We are pleased to be able to announce the start of drilling at the first of several exciting coincident geophysical and geochemical base metal anomalies that have been identified at the Ditau Prospect, which forms part of the KSZ Project," said chief executive officer Michael Foster."The drilling is scheduled to commence shortly and results will be announced as they become available."Foster said that, with the success of the firm's exploration techniques, the board expected "many more" anomalous areas to be identified following completion of the second phase of the airborne electromagnetic survey."These will be followed up on the ground and prioritized for drilling."
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21 Feb 2023 15:54

UK shareholder meetings calendar - next 7 days

Wednesday 22 February 
Barkby Group PLCAGM
Gooch & Housego PLCAGM
Itaconix PLCGM re open offer shares
RWS Holdings PLCAGM
Tharisa PLCAGM
Thursday 23 February 
Bankers Investment Trust PLCAGM
Foresight Sustainable Forestry Co PLCAGM
IntegraFin Holdings PLCAGM
Friday 24 February 
Caledonian Trust PLCAGM
Ediston Property Investment Co PLCAGM
Monday 27 February 
Bonhill Group PLCGM re proposed capital reduction
Carr's Group PLCAGM
Diversified Energy Co PLCGM re capital raise and proposed acquisition
Oncimmune Holdings PLCAGM
Ramsdens Holdings PLCAGM
Tuesday 28 February 
Aberdeen Diversified Income & Growth Trust PLCAGM
Aquila Energy Efficiency Trust PLCGM re initial public offering vote
Cora Gold LtdGM re equity fundraising
Edge Performance VCT PLCGM re voluntary liquidation
Hambro Perks Acquisition Co LtdEGM business combination extension
Image Scan Holdings PLCAGM
Kavango Resources PLCGM re approving the issue of the Warrants 
Ncondezi Energy LtdEGM re change of name
Newmark Security PLCAGM
Reabold Resources PLCGM re capital reduction
Watkin Jones PLCAGM
  
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20 Feb 2023 10:03

Kavango to refocus efforts on Karakubis after consultancy advice

(Alliance News) - Kavango Resources PLC on Monday emphasised the significance of consulting work over its Kalahari exploration programme, as it looks to refocus on the Karakubis project area.

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17 Feb 2023 14:49

IN BRIEF: Kavango Resources completes drilling at Kalahari copper belt

Kavango Resources PLC - Botswana-focused metals exploration company - Completes drilling on the Kalahari copper belt licence. Says a total of 1,885.6 metres across seven holes were drilled, using combination of reverse circulation and diamond drilling. Kavango has sent samples from holes KCBRD005 and KCBRD007 to an internationally accredited laboratory to verify metal values

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13 Jan 2023 14:46

IN BRIEF: Kavango Resources restarts drilling at Kalahari Copper Belt

Kavango Resources PLC - Botswana-focused metals exploration company - Starts drilling on the sixth and final hole in the current drilling programme at Kalahari Copper Belt this weekend following a summer break. Upon completion, the company expects to have drilled around 1,640 metres in the programme, exceeding original guidance.

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21 Dec 2022 11:56

IN BRIEF: Kavango Resources appoints new executive director

Kavango Resources PLC - Botswana-focused metals exploration company - Appoints Jeremy Brett as an executive director. Says he is a senior geophysical consultant with 28 years international mineral exploration in most commodities. Says he has a strong background in geology, structure, ore deposit models, project management and strategy. Non-Executive Chair David Smith says: "Jeremy...has been working closely with Kavango since February 2022. Over this period, he has played a key role in enhancing the company's exploration programmes. Jeremy now joins the board, as we enter the next crucial growth phase for Kavango."

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16 Dec 2022 21:53

TRADING UPDATES: Dev Clever to cancel shares; Tintra raises funds

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

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25 Nov 2022 11:12

Kavango shares rise on survey breakthrough at Kalahari

(Alliance News) - Kavango Resources PLC on Friday said it has found success using controlled-source audio magnetotelluric surveys at one of its Kalahari assets, dubbing the results an "important breakthrough" for the company.

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25 Oct 2022 14:53

TRADING UPDATES: Gunsynd invests; AQRU launches crypto-backed loans

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

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24 Oct 2022 14:17

IN BRIEF: Kavango raises GBP3 million in placing for Botswana plans

Kavango Resources PLC - London-based mineral explorer focused on Botswana - Raises GBP3.0 million before expenses via the issue of 166.7 million shares at 1.8 pence each. The placing is conducted by First Equity Ltd with institutional and other investors "including high net worth and retail investors". Notes one "strategic cornerstone investor" subscribed for over half of the placing amount. Also conditionally completes issue of 8.1 million shares in a direct subscription.

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21 Oct 2022 21:58

TRADING UPDATES: IOG loses CEO; AEW UK REIT sees assets fall

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

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14 Oct 2022 10:30

Kavango Resources considers further exploration after system surprise

(Alliance News) - Kavango Resources PLC on Friday said it is considering next steps for drilling after the unexpected confirmation of an iron oxide copper gold system at its Ditau project.

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12 Oct 2022 10:17

Kavango Resources excited by results from Kalahari licence surveys

(Alliance News) - Kavango Resources PLC on Wednesday said it has received encouraging results from surveys at one of its licences on the Kalahari copper belt.

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11 Oct 2022 21:12

TRADING UPDATES: AssetCo net assets fall; VH Global seals deal

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

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5 Oct 2022 18:04

TRADING UPDATES: Reabold says Shell strikes Corallian deal

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

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28 Sep 2022 22:10

TRADING UPDATES: Harmony Energy plans raise; Kavango sets drill target

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

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