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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)

London Stock Exchange
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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
High: 1.53
Low: 1.50
Prev. Close: 1.55
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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:

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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.

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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.

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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.

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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."

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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".

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By Eric Cunha; ericcunha@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

More News
29 Apr 2022 21:39

TRADING UPDATES: Rotala buys buses; Aukett Swanke sells John R Harris

(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
19 Apr 2022 12:56

Kavango and Power Metal Resources begin drilling at Ditau Camp project

(Alliance News) - Mining company Kavango Resources PLC and metals exploration company Power Metal Resources PLC announced on Tuesday they started drilling at the i10 target at the Ditau Camp project in Botswana.

Read more
29 Mar 2022 20:08

IN BRIEF: Kavango Resources to start drilling at Ditau Camp project

Kavango Resources PLC - mining company focused in Botswana - Identifies 12 geophysical structures at the Ditau Camp project in Botswana, which the company believes could host carbonatites. Nine of these structure are particularly well defined, and Kavango is now starting a diamond drill campaign to test three of the targets, by drilling up to 2 holes in each targets.

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22 Mar 2022 21:00

TRADING UPDATES: Marlowe makes acquisition; Kavango backs out of 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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21 Mar 2022 19:11

TRADING UPDATES: Kavango eyes acquisition; PYX ups zicron price

(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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9 Mar 2022 20:26

IN BRIEF: Kavango Resources remodels B1 target area

Kavango Resources PLC - London-based mineral explorer focused on Botswana - Says it redesigned two opportunities at the B1 target area at its Kalahari Suture Zone prospect in Botswana. The B1 target area has been re-modelled and contains two conductor targets which it believes are prospective for nickel-copper sulphides.

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4 Mar 2022 21:45

IN BRIEF: Kavango notes early data at Kalahari Suture in Botswana

Kavango Resources PLC - London-based mineral explorer focused on Botswana - Receives, on Thursday, a preliminary petrology report for holes TA2DD002 and KSZDD001 at the Kalahari Suture Zone in the southwest of Botswana. Both holes were drilled to a depth of 1,000 metres. The samples sent to SJT MetMin Services Pty appear to be prospective for nickel cobalt copper sulphide mineralisation. Says there is "clear evidence" of magmatic sulphides in many of the samples, ranging from 0.02 to 0.4 millimetres in grains size.

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2 Mar 2022 21:14

IN BRIEF: Power Metal extends Kavango's KKME option to March 18

Power Metal Resources PLC - London-based metals exploration company focused in North America, Africa and Australia - Botswana-focused Kavango Resources PLC's three-month option to acquire just over an 85% stake in Kalahari Key Mineral Exploration Pty Ltd - which owns 100% of prospecting licences PL310/2016, PL311/2016 and PL202/2018 in Botswana, collectively known as the Molopo Farms project - has been extended further to allow further progress in the option work programme to March 18.

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25 Feb 2022 20:12

TRADING UPDATES: Tintra faces sale delay; Seplat makes acquisition

(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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21 Jan 2022 16:44

IN BRIEF: Kavango finds possible mineralisation at Great Red Spot

IN BRIEF: Kavango finds possible mineralisation at Great Red Spot

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17 Jan 2022 18:56

TRADING UPDATES: Enwell very concerned; Record launches debt fund

TRADING UPDATES: Enwell very concerned; Record launches debt fund

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5 Jan 2022 16:35

Power Metal reports success of projects in final quarter of 2021

Power Metal reports success of projects in final quarter of 2021

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23 Dec 2021 14:27

EXECUTIVE CHANGES: PCF chair departs; Celtic CEO confirmed

EXECUTIVE CHANGES: PCF chair departs; Celtic CEO confirmed

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17 Dec 2021 20:34

IN BRIEF: Kavango's new hole on course to intercept major conductor

IN BRIEF: Kavango's new hole on course to intercept major conductor

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26 Nov 2021 12:16

IN BRIEF: Kavango enters option to take stake in Molopo Farms project

IN BRIEF: Kavango enters option to take stake in Molopo Farms project

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