Roundtable Discussion; The Future of Mineral Sands. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksKavango Resources Share News (KAV)

Kavango Resources: Accelerate Bookbuild To Raise £3.08m at 1.2p per share

Kavango Resources: Accelerate Bookbuild To Raise £3.08m at 1.2p per share

Share Price Information for Kavango Resources (KAV)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 1.225
Bid: 1.15
Ask: 1.30
Change: 0.00 (0.00%)
Spread: 0.15 (13.043%)
Open: 1.225
High: 1.225
Low: 1.225
Prev. Close: 1.225
KAV Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

TRADING UPDATES: Novacyt expands VersaLab with rapid Covid tests

Wed, 17th Mar 2021 14:44

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

----------

Novacyt SA - Anglo-French biotechnology group focused on clinical diagnostics - Announces the expansion of its VersaLab service with the launch of mobile processing laboratories to provide rapid turnaround PCR testing for Covid-19 on-site. "Throughout the Covid-19 pandemic, Novacyt has focused on innovation to ensure we adapt in line with a rapidly evolving market. The roll-out of our VersaLab MPL units is an exciting development for Novacyt, as we continue to bring PCR technology outside of the central laboratory and closer to patients," says Chief Executive Graham Mullis.

----------

Oxford BioDynamics PLC - biotechnology firm focused on discovery and development of epigenetic biomarkers - Publishes results of biomarker discovery program for the development of EpiSwitch, a severity test for Covid-19. Says results show strong biological links to well-established and new regulatory pathways specific to severe outcomes in Covid-19 patients."EpiSwitch is a liquid biopsy technology that has consistently shown the strong and robust link between 3D genomic readouts and clinical outcomes. Our plans to launch the EpiSwitch Covid-19 Severity Test based on this groundbreaking biomarker discovery work by the end of Q1 2021, are on track." says Chief Executive Jon Burrows.

----------

Zenith Energy Ltd - oil & gas company with production, exploration and development assets in Africa and Italy - Says wholly owned subsidiary Zenith Energy Netherlands BV inks an extension agreement for aqcuisition of the Sidi El Kilani oilfield in Tunisia from CNPC International Tunisia Ltd, a subsidiary of NPC International Ltd. The acquisition includes the North Kairouan permit and the Sidi El Kilani concession in Tunisia. Says the completion of the acquisition still remains conditional on local authority approval.

----------

Capital Metals PLC - natural resources company focused on the development of the Eastern Minerals project in Sri Lanka - Says there is potential to increase resources at mineral sands project in Sri Lanka. Says only 10% of permits drilled but already enough resources to establish a mine. "A key benefit of mining high grade mineral sands is the potential for greatly improved economics as capital intensity is generally low. The mine size (and capex) is lower as you need to mine and process less material to produce the same amount of product," says the company.

----------

Thor Mining PLC - Australia-focused exploration and development company - Starts trading on he OTCQB market in the US, under the ticker "THORF". The OTCQB venture market is for early-stage and developing US and international companies. "We are delighted to be able to commence trading on the OTCQB platform, and to improve access for US institutional and retail investors to invest in the company and share in the growth of Thor Mining," says Chair Mick Billing.

----------

Iomart Group PLC - Glasgow-based operator of data centres - Expands network capacity "to meet future demand" with GBP2 million investment in core routing technology from Cisco Systems Inc, which will provide 100 gigabyte capacity on its network with the ability to scale to 400GB. Says the investment follows a "noticeable increase generally" in internet traffic due to Covid-19

----------

Jadestone Energy Inc - Asia Pacific-focused oil & gas company - Says company reorganisation, first announced in early February, is expected to reduce regulatory compliance burdens, resulting in estimated annual cost savings of between USD500,000 and USD1.0 million. Believes its reorganisation will "raise the company's profile and status amongst UK and European investors who are unable to invest in non-UK domiciled companies".

----------

Vast Resources PLC - mining company - Says the full executive management team are on site at the Baita Plai Polymetallic Mine in Romania to accelerate and facilitate the various aspects and workstreams involved in the development of the revised mine plan.

----------

Caledonia Mining Corp PLC - Zimbabwe-focused gold producer - Notes that it is to be included in the MVIS Global Junior Gold Miners index. The GDXJ Index forms the basis of various passive gold sector investment funds in the North American market. "I am delighted with our imminent inclusion in the GDXJ Index. The listing of our shares on the NYSE American has increased our liquidity significantly and our inclusion on the Index should further raise our profile among retail and institutional investors," says Chief Executive Steve Curtis.

----------

MetalNRG PLC - natural resource investing and exploration company - Raises GBP2.3 million, before expenses, via placing of 385.0 million shares at GBP0.006 per share. Says the shares will have warrants attached on a one for one basis with an exercise price of GBP0.01 and an exercise period of 24 months from date of issue.

----------

Intuitive Investments Group PLC - closed-end investment company focused on life sciences sector - Announces investment of GBP250,000 to acquire 416,666 shares of medical drug-device company Polarean Imaging PLC.

----------

BlueRock Diamonds PLC - South African-focused diamond miner - Notes recovery of three large gem quality stones in Kimberly, South Africa. Says the stones are 10.6 carats, 9.8 carats and 8.4 carats.

----------

Goldstone Resources Ltd - resource development company with projects in West Africa - Agrees to extend the initial term for 20 of the unsecured bonds of USD50,000 each in issue to June 15. Says the remaining six bonds have been redeemed in full through cash settlement. Paracale Gold Ltd and BCM Investments Ltd, which each own six bonds, have agreed to the extension.

----------

Red Rock Resources PLC - gold explorer in Kenya and Australia, copper-cobalt in DRC - Notes delay to May in the expected IPO of Juno Minerals Ltd, an iron ore spin-out of investee Jupiter Mines Ltd. Notes formal license grants, for Red Rock Australasia Pty Ltd joint venture with Power Metal Resources PLC, for a 60 square kilometre area called Blue Stocking and a 4 sq km area called Sardinia in the Victoria Goldfields in Australia. Both licences are for five years.

----------

Power Metal Resources PLC - exploration and development with interests in Botswana and Australia - Announces received formal license grants for a further two of its license applications for its 49%-owned joint venture with Red Rock Resources PLC, called Red Rock Australasia Pty Ltd, which is focused on gold. Says it has received formal license grants for a 60 square kilometre area called Blue Stocking and a 4 sq km area called Sardinia in the Victoria Goldfields in Australia. Both licences are for five years. Also notes "encouraging" initial airborne electromagnetic surveys recently flownover the South Ghanzi project in the Kalahari Copper Belt, Botswana. The South Ghanzi project is a joint venture with Kavango Resources PLC.

----------

Kavango Resources PLC - exploration company focused on Botswana - Sees "encouraging" initial airborne electromagnetic surveys recently flown over the company's interests in the Kalahari copper belt. These interests include the South Ghanzi project, a joint venture with Power Metal Resources PLC-, and the LVR project, a joint venture with LVR GeoExplorers Pty Ltd. "We are confident in the results we've seen so far across our various interests in the KCB. Although we are at an early stage of exploration, it is pleasing to see different early data sets correlate to one another. Over the coming months our priority remains to identify targets for drilling campaigns in the KCB later this year," says Kavango Chief Executive Michael Foster.

----------

By Greg Roxburgh; gregroxburgh@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

More News
2 May 2024 16:11

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:

Read more
1 May 2024 17:01

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.

Read more
29 Apr 2024 15:45

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:

Read more
23 Apr 2024 19:58

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:

Read more
23 Apr 2024 15:03

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."

Read more
22 Apr 2024 15:49

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."

Read more
19 Apr 2024 11:24

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.

Read more
18 Apr 2024 14:38

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.

Read more
16 Apr 2024 20:34

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:

Read more
15 Apr 2024 11:01

IN BRIEF: Kavango celebrates drilling results at Hillside, Zimbabwe

Kavango Resources PLC on Monday said - London-based, Southern Africa-focused metals exploration company - Finds 29.08 grammes of gold per tonne at the Hillside Prospect 4 gold asset in Matabeleland, southern Zimbabwe after drilling SKDD001 hole. Says hole contains multiple further broad zones of geochemically anomalous gold values thought to relate to additional shear zones. Results are pending on four other holes drilled across three other Hillside prospects, it adds. Kavango will also examine near surface gold mining potential at prospect 4, based on intersected grades and ongoing artisanal mining in the area. Chief Executive Officer Ben Turney says: "This result far surpasses our expectations at prospect 4. Prospect 4 is our fourth-ranked target at Hillside. These results underline the Hillside project's overall potential to host over [one] million ounces of mineable gold."

Read more
12 Apr 2024 10:30

IN BRIEF: Kavango completes magentic survey at Nara project, Zimbabwe

Kavango Resources PLC - London-based, Southern Africa-focused metals exploration company - Completes ground magnetic survey on Nara gold project in Zimbabwe. Says it has identified magnetic low lineaments interpreted as shear zones. Shear zones are commonly associated with gold mineralisation, it explains, adding this discovery will lead to a follow-up survey. Chief Executive Ben Turney says: "We've mobilised the rig to our Nara Project in March and have just completed our fifth diamond hole here. We will provide an update on drilling in the coming weeks but based on visual observations of core we decided to push ahead with a ground magnetic survey of the project area. Our goal was to learn more about the structure we are drill testing." This comes after Kavango on Thursday said that it had received authorisation to export drill core samples from the Hillside project, also in Zimbabwe.

Read more
11 Apr 2024 09:46

Kavango Resources gets approval to export Zimbabwe test samples

(Alliance News) - Kavango Resources PLC on Thursday said that it has received authorisation to export drill core samples from the Hillside gold project in Zimbabwe.

Read more
2 Apr 2024 16:27

TRADING UPDATES: Ground Rents refinances; ECR Minerals loss narrows

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

Read more
22 Mar 2024 12:03

Kavango Resources completes airborne survey of Bostwana copper asset

(Alliance News) - Kavango Resources PLC on Friday announced the completion of the final geological survey of its property in Botswana's Kalahari copper belt.

Read more
8 Mar 2024 10:41

IN BRIEF: Kavango rises as eyes revenue from Zimbabwe mining arm

Kavango Resources PLC - Southern Africa-focused metals explorer - Announces that it expects to move to revenue in March, adding that it aims to double current production to one kilogram of gold a month over the course of 2024. Kavango also announces that it has signed its first contract to start immediate gold mining operations at its Hillside project in Zimbabwe. Also says that it has formed a new subsidiary in Zimbabwe, Kavango Mining Ltd. Chief Executive Ben Turney says: "Current revenue at Hillside amounts to around AUD30,000 per month, and the operation there is already profitable. Continuous production at Zimbabwe gold projects secures the ground and forms an important part of any long-term development plan. Our objective is to become a significant gold producer in this country, and this is our first step towards achieving this goal. If all goes well, there are other production opportunities we hope to bring to Kavango."

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.