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Pin to quick picksKavango Resources Share News (KAV)

Ben Turney, CEO at Kavango Resources, explains the company's progress from exploration to mining

Ben Turney, CEO at Kavango Resources, explains the company's progress from exploration to mining

Share Price Information for Kavango Resources (KAV)

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Share Price: 1.55
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TRADING UPDATES: Clipper in John Lewis deal; Immotion's record July

Mon, 16th Aug 2021 12:10

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

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Clipper Logistics PLC - Leeds, England-based logistics firm - Notes deal with retailer John Lewis Partnership to provide e-commerce and store replenishment services at Clipper distribution site near Leicester. "This is in addition to a range of existing services that Clipper currently provides for John Lewis including returns management for e-commerce products, forward orders for furniture, pre-retail operations for clothing suppliers," Clipper says. "The extended operation is initially for a minimum term of three years and the Bardon facility comprises 317,000 square feet of warehousing space." Last week Wednesday, John Lewis signed a deal with Tesco PLC to lease a million square foot distribution centre to meet demand for online orders, creating 500 jobs in the process.

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Immotion Group PLC - Manchester, England-based virtual reality entertainment company - Expects revenue of GBP2.7 million for first half of 2021 and a breakeven at an earnings before, interest, tax, depreciation and amortisation level. Immotion notes June was its best ever month, posting Ebitda of GBP126,000 on revenue of GBP850,000. "We are further pleased to confirm that the second half of 2021 has started very strongly with July being yet another record month. Unaudited group revenue was GBP1 million, with unaudited Ebitda at circa GBP200,000, a considerable increase versus June, taking the company into overall Ebitda profitability for the year to date," Immotion says. "Overall, we remain very optimistic about the prospects for H2, assuming no material reversal in the easing of pandemic related restrictions."

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SimiGon Ltd - training and simulation technologies developer - Says independently operated US arm SimiGon Inc re-awarded a purchase deal with US Air Force to supply virtual and mixed reality training devices for a four-year period. SimiGon notes it is one of three contractors under the blanket purchase pact.

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Seeing Machines Ltd - Canberra-based driver-monitoring technology company - Says transportation technology company firm Eroad Ltd will see Seeing's Guardian platform used in a fleet management software to "help combat driver fatigue and make roads safer". Seeing notes Eroad's fleet management software is "designed to improve driver safety, manage vehicle fleets and reduce costs associated with driving".

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Avation PLC - Singapore-based passenger aircraft leasing company - Signs five-year leases for three ATR 72-500 aircrafts with Australian carrier Hevilift. "These aircraft are all former Virgin Australia aircraft that the company has been remarketing since Virgin Australia entered administration and returned the aircraft to Avation. Virgin Australia returned six ATR 72-500 aircraft to Avation of which five have now been leased or sold," Avation says.

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Cellular Goods PLC - UK-based provider of premium consumer products based on lab-made cannabinoids - Signs "multi-year" manufacturing and supply agreement with Chanelle McCoy Health Ltd for ingestible products. Pure cannabinoid products provider Chanelle McCoy Health to supply Cellular with three CBD ingestibles which will go on sale under Cellular Goods branding in UK first, then continental Europe in 2022. Chanelle McCoy Health was founded by Chanelle McCoy, who is on the panel of Irish iteration of BBC television programme Dragons' Den. The show sees budding entrepreneurs pitch to receive backing from panel of investors. "The deal marks a significant step in Cellular Goods' go-to-market strategy and will accelerate its entry into the market for ingestible wellness products for human consumption by more than a year," Cellular adds.

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Altus Strategies PLC - mining royalty company - Notes "further encouraging results" from Mali-based Tabakorole gold project, which Altus has 49% stake in as well as 2.5% net smelter return royalty. Says results from five diamond drill holes in central zone of asset are expected to "increase the volume and grade of the resource". "Further encouraging drilling results have been received from the Tabakorole gold project in southern Mali. Of particular significance, is the continued shallow and higher-grade intersections from the central zone of the deposit,2 CHief Executive Steven Poulton commented.

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i3 Energy PLC - oil & gas company with assets and operations in the UK and Canada - Says second quarter of 2021 was "another intensely active and transformational period" for company. Output averaged 8,905 barrels of oil equivalent per day, down 2.0% quarter-on-quarter. In July, including recent acquisitions of Wapiti and South Simonette assets, in Canada, output in July averaged 9,598 Boepd, including 10,031 Boepd in final week alone.

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United Oil & Gas PLC - London-based oil & gas company - Announces spudding of ASX-1X exploration well in 22%-owned Abu Sennan licence, Egypt. "In a success-case scenario, the well is expected to take up to 54 days to drill, test and complete," United Oil says.

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Premier African Minerals Ltd - southern Africa-focused miner - Updates scoping study at Zulu lithium project in Zimbabwe. Study updated to reflect higher selling prices of Spodumene, a mineral which is a source of lithium. Premier African says top revenue forecast at project lifted to USD1.67 billion from USD1.10 billion forecast from 2017 estimate. Estimated capital costs also rise, to USD69.3 million from USD64.0 million. "With the recently reported surge in Spodumene concentrate selling prices, Premier approached Bara Consulting with a request that the scoping study financial matrix be reviewed taking cognisance of the price changes and any other salient factors that may have changed in the period after publication of the scoping study," CEO George Roach says.

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Blencowe Resources PLC - natural resources company focused on the development of the Orom-Cross graphite project in Uganda - Says new drilling campaign completed at Orom-Cross, with 38 additional infill holes sealed. Notes 1,150 samples currently on way to JORC-accredited laboratory in Tanzania.

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Kavango Resources PLC - mineral exploration company with operations in Botswana - Completes first geological borehole in target area A, located in Hukuntsi section of Kalahari Suture Zone in Botswana. Area was drilled to depth of 578 metres.

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Oriole Resources PLC - mineral explorer in Senegal and Cameroon - Notes results from drilling at Senala project in Senegal, where joint-venture partner IAMGOLD Corp has option to spend USD8 million to earn 70% interest. Says drilling results from Fare and Madina Bafe areas of Senala have best results of up to 70 metres at 1.46 grammes per tonne of gold and 10 metres at 1.69 grammes per tonne of gold. "The results reaffirm the presence of wide intervals of near-surface gold mineralisation, endorsing the company's belief that Fare has the potential to host a standalone deposit," Oriole says.

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Longboat Energy PLC - North Sea-focused exploration firm - Says Norway's Ministry of Petroleum & Energy approves acquisition of exploration licence interests in Norwegian Continental Shelf. Longboat adds: "The company is thereby qualified as a licence holder on the Norwegian Continental Shelf and subject to the finalisation of the usual completion procedures with the various counterparties, expects to complete the farm-ins on 1 September 2021." In June, Longboat said it struck deals to acquire an exploration drilling programme on the Norwegian Continental Shelf structured as three farm-in transactions.

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Anglo Asian Mining PLC - gold, copper and silver producer operating in Azerbaijan - Seals maiden JORC-compliant mineral resource estimate at Zafar polymetallic deposit in Azerbaijan. Anglo Asian highlights mineralisation of 8.5 million tonnes wuth average grades of 0.60% copper, 0.47% zinc and 0.30% gold. "Zafar's maiden mineral resource estimate is extremely encouraging and will help underpin the company's future long-term production growth," CEO Reza Vaziri says.

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Pure Gold Mining Inc - operates mine in Red Lake, Ontario, Canada - Says daily throughput averaged 703 tonnes per day in July, up 38% from second quarter average. "Average throughput is expected to continue to increase steadily up to and beyond nameplate capacity of 800 tpd for the balance of 2021," Pure Gold adds. Says head grades averaged 5.6 grammes per tonne in July, in line with expectations. July gold production came in at 3,730 ounces, a monthly record. Including July, Pure Gold expects second half output of 27,000 to 32,000 ounces of gold.

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By Eric Cunha; ericcunha@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

More News
26 Jun 2023 14:25

IN BRIEF: Kavango Resources signs two year Zimbabwe gold project deal

Kavango Resources PLC - London-based, Botswana-focused metals exploration company - Signs exclusive two year option to acquire a gold exploration project in Matabeleland, southern Zimbabwe. Kavango Resources says that the Nara project has 45 contiguous gold claims, and believes it has potential to host a bulk mineable gold deposit. Says the Nara Project has generated approximately 150,000 to 250,000 tonnes of tailings, which presents a separate opportunity for near-term revenue generation.

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14 Jun 2023 11:40

IN BRIEF: Kavango Resources completes GBP1.4 million fundraise

Kavango Resources PLC - London-based, Botswana-focused metals exploration company - Says it has raised GBP1.4 million through the issue of 140.0 new shares at a price of 1 pence each. Notes that it has completed stage one of its two-stage equity investment. Says the funds from the stage one subscription will contribute to the company's general working capital, as well as help fund proposed exploration work and provide finance for possible acquisitions.

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1 Jun 2023 15:52

UK shareholder meetings calendar - next 7 days

Friday 2 June 
Cap-XX LtdGM re fundraising
Conduity Capital PLCGM re future direction of the company
Kibo Energy PLCEGM re renewal of director authorisations to issue shares
Mirriad Advertising PLCGM re new ordinary shares admitted to trading on AIM
Purplebricks Group PLCGM re proposed sale of business & assets to Strike Ltd
Monday 5 June 
EnQuest PLCAGM
Tuesday 6 June 
Billington Holdings PLCAGM
Mast Energy Developments PLCAGM
NB Global Monthly Income Fund LtdAGM
Tasty PLCAGM
WANdisco PLCGM re new shares authorisation and fundraise
Wednesday 7 June 
City Pub Group PLCAGM
Gem Diamonds LtdAGM
Gulf Marine Services PLCAGM
Hostmore PLCAGM
LXi REIT PLCAGM
Pennant International Group PLCAGM
Third Point Investors LtdAGM
United Oil & Gas PLCAGM
Xpediator PLCGM re takeover by DLM Bidco
Thursday 8 June 
Ashtead Technology Holdings PLCAGM
Camellia PLCAGM
Checkit PLCAGM
Churchill China PLCAGM
CRH PLCCourt Meeting and EGM re proposal to transfer the company's primary listing to NYSE
Downing Renewables & Infrastructure Trust PLCAGM
Fair Oaks Income LtdAGM
Fusion Antibodies PLCGM re result of retail offer
Genflow Biosciences PLCAGM
Glenveagh Properties PLCAGM
Kavango Resources PLCAGM
Kosmos Energy LtdAGM
Melrose Industries PLCAGM
North American Income Trust PLCAGM
Oriole Resources PLCAGM
Panther Metals PLCAGM
REA Holdings PLCAGM
Renalytix PLCGM re director's authorization to allot new shares and equity securities for cash
Vaalco Energy IncAGM
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

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10 May 2023 12:37

Kavango shares jump on return to drilling at Kalahari Suture Zone

(Alliance News) - Kavango Resources PLC on Wednesday said it is due to start a drilling campaign on its Kalahari Suture Zone North project.

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9 May 2023 12:20

Kavango Resources to receive GBP6.0 million investment from Purebond

(Alliance News) - Kavango Resources PLC on Tuesday said a GBP6.0 million investment in the company by Purebond Ltd will completed via a direct subscription.

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5 May 2023 14:13

IN BRIEF: Kavango in advanced talks to buy Zimbabwe gold project

Kavango Resources PLC - London-based, Botswana-focused metals exploration company - Says it is in late-stage discussions to acquire an unnamed gold project in Zimbabwe. Says it has carried out preliminary drilling and exploration in the project area ahead of negotiations.

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28 Apr 2023 17:13

EARNINGS SUMMARY: Supply@Me and Kavango Resources annual losses widen

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

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5 Apr 2023 11:50

Kavango identifies evidence of wider mineralised system in Botswana

(Alliance News) - Kavango Resources PLC on Wednesday said it has identified further evidence of a potential wider mineralised system at its Ditau project in southwest Botswana.

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31 Mar 2023 16:39

TRADING UPDATES: FireAngel signs with British Gas; Shanta pours gold

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

Read more
13 Mar 2023 17:26

TRADING UPDATES: RC365 signs deal with Wching; Woodbois raises cash

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

Read more
6 Mar 2023 14:20

Kavango shares rise on possibility of gold at Ditau following review

(Alliance News) - Kavango Resources PLC on Monday touted a review of its Ditau project in Botswana, which has identified further gold potential at the site.

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2 Mar 2023 20:02

IN BRIEF: Kavango Resources to focus on B conductors at Kalahari

Kavango Resources PLC - mineral exploration company focused on Botswana - Provides an operational update for its Kalahari Suture Zone North project.

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28 Feb 2023 16:32

Kavango Resources in acquisition talks and outlines review findings

(Alliance News) - Kavango Resources on Tuesday said it was in talks regarding two possible acquisitions as it outlined three key areas of focus following a strategic review of its operations.

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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
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

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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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