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Pin to quick picksKavango Resources Share News (KAV)

Ben Turney, CEO, Kavango Resources will be presenting and taking live Q&A at focusIR Investor Webinar on 14th May. Please register here.

Share Price Information for Kavango Resources (KAV)

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Share Price: 1.225
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TRADING UPDATES: SDCL Energy inks agreement with Chargemaster

Mon, 29th Mar 2021 17:47

(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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SDCL Energy Efficiency Income Trust PLC - London-based investor in energy efficiency, solar, and electric vehicle charging infrastructure projects - Inks agreement with BP PLC's Chargemaster Ltd, operator of public electric vehicle charging points, also known as bp pulse. Says the agreement with bp pulse represents a significant step forward in the roll-out of national EV charging infrastructure, expected to result in the development and construction by Electric Vehicle Network of a "significant" number of rapid and "ultra-fast" EV charging locations, contracted through a 20-year, fixed price, energy service agreement. In early August last year, SDCL made an initial GBP50 million investment commitment to Electric Vehicle Network as its development partner in EV charging infrastructure.

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Angus Energy PLC - UK-focused onshore oil and gas development company - Receives additional commitments of GBP3 million from Aleph Energy Ltd, now totalling GBP12 million, which completes funding sought for the Saltfleetby finance facility required to develop the Saltfleetby Gas Field in Lincolnshire, England. Angus operates Saltfleetby field and holds a 51% working interest with Saltfleetby holding the remaining 49%.

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Round Hill Music Royalty Fund Ltd - private equity firm exclusively dedicated to investments in revenue generating music copyright assets - Says it is unlikely to complete by March 31 the investment regarding the acquisition of a 29% share in RH Carlin Holdings LLC, owned by Round Hill Fund One, a private fund whose investments are managed by Round Hill.

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Abbey PLC - Hertfordshire, England-based building and property development, plant hire and property rental company - Confirms shares to be cancelled on AIM and Euronext Dublin on April 30.

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Cora Gold Ltd - West Africa-focused gold explorer - Sees improved results from the re-analysis of drilling at Dako II at its flagship Sanankoro gold project in southern Mali. Says the re-analysis "delivered significantly enhanced results". "We are pleased by the enhanced results from the bottle roll analysis of last year's drilling at Dako II. Having over +3km of surface mineralisation still to be drilled at Dako II offers the potential for even more. Dako II is 7km south of our existing resources at Sanankoro and we hope to see this discovery turn into part of the future resources and mine plan for the Project. Drilling is ongoing at Sanankoro with first results from the recently commenced programme due during Q2 2021. Dako II will be drilled later in this campaign to follow up on these results," says Chief Executive Bert Monro.

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Keras Resources PLC - London-based mineral resource company - Sees encouraging results from the Falcon Isle marketing campaign over the winter period which has reinforced management's confidence that 2021 sales targets will be met. Says Covid-19 travel restrictions, which prevented the plant manufacturer's engineer to be on site during construction, has slowed the construction timeline and the new Diamond Creek processing plant will now be commissioned in Q2 2021. Diamond Creek is a direct shipping ore and phosphate mine in Utah. "The demand for our range of products has been very encouraging and we are looking forward to a very busy period as we move in to Spring and the recommencement of mining operations," says Chief Executive Russel Lamming.

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Kavango Resources PLC - exploration company focused on Botswana - Inks two agreements that would allow Kanye Resources Pty Ltd, a 50/50 joint venture between Kavango and Power Metal Resources PLC ,to acquire a 100% interest in eight prospecting licences in the Kalahari copper belt region in Botswana. Says Kanye has signed two separate agreements to purchase 100% of the eight licences. "The acquisition (subject to approvals in Botswana) of eight new prospecting licences is a major step forward in the development of Kanye Resources Plc as a significant player in the exploration for copper in the highly prospective KCB," says Kavango Chief Executive Michael Foster.

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Power Metal Resources PLC - metal exploration and development company - Notes the acquisition of eight licences as outlined by Kavango Resources.

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By Greg Roxburgh; gregroxburgh@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

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(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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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.

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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:

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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:

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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.

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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:

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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:

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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.

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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."

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