PYX Resources: Achieving volume and diversification milestones. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

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)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 1.55
Bid: 1.50
Ask: 1.60
Change: 0.00 (0.00%)
Spread: 0.10 (6.667%)
Open: 1.55
High: 1.55
Low: 1.55
Prev. Close: 1.55
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: Spectra cash cleaner strong on Covid; Fintel grows

Wed, 21st Jul 2021 20:19

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

----------

Spectra Systems Corp - Rhode Island-based authentication technology provider - Says tests in Boston show Spectra's Aeris banknote cleaning process also rids SARS-2 "below detectable limits". "When Covid-19 was emerging as a pandemic, a multitude of central banks expressed interest in whether Aeris could both remove soiling as well as deactivate SARS-2. This new data makes Aeris valuable both for saving banknote replacement costs as well as for increasing the safety of cash," Spectra says.

----------

Bloomsbury Publishing PLC - London-based publisher - Says total revenue grows 28% annually to GBP63.1 million in four months to June. "Consumer division revenues were 26% ahead of last year, with strong print and e-book sales. Adult revenues grew by 17% and Children's revenues by 32%," Bloomsbury says. "The board expects the group's performance for the year ending 28 February 2022 to be in line with market expectations." Notes consensus is for revenue of GBP193.4 million and pretax profit before "highlighted items" of GBP19.3 million.

----------

Bluefield Solar Income Fund Ltd - Guernsey-based income fund that invests primarily in solar assets - Raises GBP105.1 million through issue of 89.1 million shares at 118 pence each. "The proceeds raised will enable us to further diversify and grow the company's extremely high quality portfolio of renewable infrastructure assets," Chair John Rennocks says.

----------

Adriatic Metals PLC - Cheltenham, England-based precious and base metals explorer and developer - Qualifies for upgrade to OTCQX Best Market, OTC Markets Group's premier market for companies seeing US investors. Adriatic adds: "By upgrading to the OTCQX, Adriatic enables its current and prospective US investors improved market visibility, increased trading liquidity and the most up-to-date information otherwise not found on the Pink market. Approximately 20% of the company's investor base is in North America."

----------

Harbour Energy PLC - North Sea-focused oil and gas company - Says issues with HGS Tolmount platform identified in electrical systems are "now being investigated and rectification plans are being developed". Says first gas at Tolmount delayed beyond end of July, now likely around year-end. Says 2021 production guidance is now 185,000 to 195,000 barrels of oil equivalent per day.

----------

Bushveld Minerals Ltd - Johannesburg-based vanadium producer - Says second quarter output rises 13% annually to 886 metric tonnes of vanadium. For first half, output down 5.2% year-on-year to 1,574 metric tonnes. Sales volumes in second quarter rise 20% yearly to 820 metric tonnes, but fall 8.9% to 1.6 metric tonnes in all of first half.

----------

Ariana Resources PLC - London-based gold exploration and development company - Updates on drilling and resource at Kepez North area of Kiziltepe mine. Reports resource of 36,400 ounces of gold and 329,400 ounces of silver. Reflects 97% increase in contained gold ounces over previous resource estimate in 2020. "This is a great outcome from the recent drilling undertaken in the Kepez area," Ariana Managing Director Kerim Sener says.

----------

Kavango Resources PLC - mineral exploration company - Says proof of concept drilling begins in Kalahari Suture Zone, Botswana. Specifically, Kavango eyeing A2 target. "With the drill bit now turning at A2, we should soon hopefully become the first company ever to retrieve core samples from the bottom of a Karoo-age gabbro in the region," Chief Executive Ben Turney says.

----------

Bradda Head Holdings Ltd - British Virgin Islands-based lithium explorer with assets in Nevada and Arizona - Reports plans for fast-track programme at Burro Creek East designed to twin five existing holes and drill five more as Bradda Head eyes resource extension at Arizona, US asset. Company adds: "141 meters have been drilled of a planned 991 metres." First set expected in third quarter.

----------

Arena Events Group PLC - London-based event solutions provider - Repays short-term financing facility provided by Lombard Odier Investment Management. Says amount drawn down is GBP2.0 million and notes GBP500,000 interest.

----------

Regional REIT Ltd - real estate investment trust focused on UK offices outside London - Exchanges contracts with ARA Dunedin to sell "significant industrial property" for GBP45.0 million. Regional REIT adds: "The completion is conditional upon the purchaser having in place the required financing. This reflects a net initial yield of 6.75% to the purchaser and is 7.5% above the valuation as at 31 December 2020." Portfolio includes seven assets, located in Bromborough, Erith, Nottingham, Scunthorpe, Telford, Winsford and Wisbech.

----------

Fintel PLC - Huddersfield-based business services provider to financial advisers - Says revenue up 10% in first half of 2021 to GBP31.7 million from GBP28.9 million a year prior. Adjusted earnings before interest, tax, depreciation and amortisation up 12% GBP8.3 million from GBP7.4 million. In addition, says agrees sale of non-core Zest Technology to FPE Capital for GBP10 million initially and possibly extra GBP1.5 million tied to revenue targets.

----------

CAP-XX Ltd - New South Wales, Australia-based supercapacitors manufacturer - Says custom power conversion and energy storage systems producer RGM Spa selects CAP-XX supercapacitors. CAP-XX says this is due to the ability of its supercapacitors to "store and release large amounts of energy and power for the industrial automotive market".

----------

By Eric Cunha; ericcunha@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

More News
31 Aug 2022 16:46

IN BRIEF: Kavango Resources identifies drill target in Kalahari belt

Kavango Resources PLC - London-based mineral explorer focused on Botswana - Identifies large drill target prospective for copper on its Kalahari Copper Belt Mamuno licences PL049/2020 and 052/2020.

Read more
30 Aug 2022 17:49

IN BRIEF: Kavango Resources discovers gold, copper in Ditau drill hole

Kavango Resources PLC - London-based mineral explorer focused on Botswana - On receipt of analytical results from drill hole DITDD004 on target i10 at the Ditau Camp project in Botswana.

Read more
26 Aug 2022 12:01

IN BRIEF: Kavango shares rise on progress with drilling targeting

Kavango Resources PLC - London-based mineral explorer focused on Botswana - Updates on drill targeting at Kalahari Copper Belt licence PL082/2018, with soil sampling program completed for 3,178 samples. Identifies two major drill targets, of 8 kilometres strike length in the Northern Zone, and 27km strike length in the Central Zone. Reports peak values of 118.8 parts per million copper, which is "significant in terms of this project's prospectivity".

Read more
23 Aug 2022 13:53

IN BRIEF: Kavango hires bank to find partners for Botswana project

Kavango Resources PLC - London-based mineral explorer focused on Botswana - Hires Tamesis Partners LLP to lead efforts in finding a partner for the Kalahari suture zone project, located at the western margin of the Kaapvaal Craton. Says the investment bank will act as financial advisor, assisting with "identifying potential partners and provide advice on transaction structures to maximise value for Kavango shareholders". Kavango says a data room has been established to share financial details on the KSZ project.

Read more
18 Aug 2022 14:42

IN BRIEF: Kavango shares up as exploration programme completed at KSZ

Kavango Resources - London-based mineral explorer focused on Botswana - Says it has concluded its "Proof of Concept" exploration programme in the Kalahari Suture Zone, the most comprehensive campaign ever undertaken at KSZ, located at the western margin of the Kaapvaal Craton. Says the programme has provided geochemical proof of magmatic Ni-Cu-PGE mineralising processes (depletion and enrichment) throughout the entire KSZ.

Read more
5 Aug 2022 15:42

IN BRIEF: Kavango completes soil programme at Kalahari Copper licence

Kavango Resources PLC - London-based mineral explorer focused on Botswana - Completes initial soil geochemical programme at Kalahari Copper belt licence PL036/2020, with 5,145 soil samples collected in total.

Read more
22 Jul 2022 10:54

IN BRIEF: Kavango Resources steps up Great Red Spot exploration

Kavango Resources PLC - London-based mineral explorer focused on Botswana - Says new economic report for target at Great Red Spot in the Kalahari Suture Zone in Botswana "exhibits similar geophysical signatures" to the Olympic Dam iron oxide copper-gold ore-deposit that is owned and operated by BHP Group Ltd in Australia.

Read more
11 Jul 2022 21:40

TRADING UPDATES: Byotrol anticipating positive full-year earnings

(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
8 Jul 2022 12:37

Kavango Resources shares down as it regains ownership of Kanye JV

(Alliance News) - Kavango Resources PLC on Friday said it regained full ownership of two projects in Botswana and reported the completion of diamond drill programme at its Ditau Camp project.

Read more
1 Jul 2022 15:40

UK shareholder meetings calendar - next 7 days

Monday 4 July 
Active Energy Group PLCAGM
Clean Invest Africa PLCAGM
Securities Trust of Scotland PLCAGM
Tuesday 5 July 
Immediate Acquisition PLCAGM
Marks & Spencer Group PLCAGM
Open Orphan PLCAGM
Saga PLCAGM
Smartspace Software PLCAGM
Young & Co's Brewery PLCAGM
Wednesday 6 July 
Assura PLCAGM
ContourGlobal PLCGM re acquisition by KKR
GSK PLCGM re Consumer Healthcare demerger, Haleon listing
Mining Minerals & Metals PLCAGM
PCF Group PLCGM re director allotment authority
Puma Alpha VCT PLCAGM
Shires Income PLCAGM
Sirius Real Estate LtdAGM
Strategic Minerals PLCAGM
Worldwide Healthcare Trust PLCAGM
Thursday 7 July 
C&C Group PLCAGM
Distil PLCAGM
Emmerson PLCAGM
Faron Pharmaceuticals LtdGM re issuance of shares
FD Technologies PLCAGM
Great Portland Estates PLCAGM
Greencare Capital PLCAGM
J Sainsbury PLCAGM
JPMorgan European Growth & Income PLCAGM
Land Securities Group PLCAGM
Likewise Group PLCGM re approval of waiver by takeover/merger panel
N Brown Group PLCAGM
Octopus Apollo VCT PLCAGM
Peel Hunt LtdAGM
Pets At Home Group PLCAGM
Puma VCT 13 PLCAGM
Severn Trent PLCAGM
TomCo Energy PLCAGM
Friday 8 July 
Kavango Resources PLCAGM
Value & Indexed Property Income Trust PLCAGM
JPMorgan Multi-Asset Growth & Income PLCAGM
  
Copyright 2022 Alliance News Limited. All Rights Reserved.

Read more
15 Jun 2022 14:27

IN BRIEF: Kavango Resources ships drilling samples for testing

Kavango Resources PLC - London-based mineral explorer focused on Botswana - Completes hole DITDD005 - or target i1 -at Ditau Camp asset and moves the drill rig to hole DITDD006 - also known as Target i8 - after a completion of a Controlled Source Audio-Magnetotelluric ground geophysical survey and inversion model. The company says the CSAMT survey has provided additional bedrock resolution, resulting in a prioritisation of this drillhole on the i8 target.

Read more
18 May 2022 19:36

IN BRIEF: Kavango Resources completes Ditau drill hole

Kavango Resources PLC - mining company focused in Botswana - Completes exploration hole DITDD004 after drilling to a depth of 389 metres into the i10 target, a 2.2 kilometre magnetic anomaly previously modelled as a possible carbonatite.

Read more
18 May 2022 10:54

SMALL-CAP WINNERS & LOSERS: Kavango drills; Alkemy sees maiden loss

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Wednesday.

Read more
9 May 2022 13:17

TRADING UPDATES: Longboat buys into assets; Midwich starts 2022 well

(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
5 May 2022 17:46

IN BRIEF: Kavango to expand exploration on Ditau JV with Power Metal

Kavango Resources PLC - mining company focused in Botswana - Expands exploration programme at its Ditau project in south west Botswana following the completion of hole DITDD003. Ditau is a 50-50 joint venture with Power Metal Resources PLC. Kavango and Power Metal say they are exploring for rare earth elements and base metal mineralisation. Exploration programme will include an additional 16.1 kilometres of audio-magnetotelluric surveys over the drill target area.

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.