Member Info for JP2000

The Karakubis campaign has been muted , 6 targets drilled with with a 30mm bleb of copper in target 5, c85 targets to go so plenty of opportunities & that campaign is being run by the regional expert. I don't think anyone could accuse Turney of hyping up Karakubis.

They'll need to start within the next couple of weeks before the weather closes in & snow starts, I'm guessing the campaign will be 4-5 200m proof of concept drills.

Perhaps if Sean produced a roadmap to discoveries then investors would have more confidence with his leadership.

Happy days

Question is how will Panther fund Dotted Lake?

Does it drill two holes spending 150k & hope to get lucky (not worked in the past) or is there a bigger plan to drill 2000-3000m funded by either a deeply discounted placing (with warrants) or does it go for a JV perhaps giving away 20-50%. There was talk of the Ontario govt providing 1-2 hole grants but not heard much recently.

In Darren's defence, they've kept equity issues to the bare minimum but can anyone rule out a £2m placing at 50p (2p)?

It’s worth 0.2p/share so unless they can increase prod to 50kg/mth there is a big gap to the current share price. Karakubis is looking distinctly dodgy & Nara had just one slide on the latest presentation after some mediocre results. If nothing else Purebond will hold Ben Turney accountable if they fail to create shareholder value.

Cobre JV in KCB.

So RIO in Namibia, Sandfire BHP & Chinese in Bots.

https://www.proactiveinvestors.co.uk/companies/news/1056650/cobre-inks-joint-venture-agreement-with-bhp-for-kitlanya-west-and-east-copper-projects-in-botswana-1056650.html

Is there a link to the post?

Interesting presentation from Cobre who are exploring in KCB. In particular they're looking at in-situ acid leaching for lower grade deposits 0.5% Cu which may correlate with some of the earlier KAV drills. DC is the consultant to KAV & Cobre.

www.youtube.com/watch?v=s5hyiFzcGII

Putting aside GMET, has/is POW coming close to making commercial discoveries in the rest of the portfolio?

If the answer is 'no' then a new CEO is required.

Https://www.youtube.com/watch?v=dskhe3cHFg4

New interview, aiming for 8kg/mth production, could generate $3-4m of free cash.

I just hope they don't use the 100t/d capacity on 1-2g/t low grade ore and concentrate on utilising 5-10g/t from underground operations & third parties. Above all else KAV needs to generate free cash flow and lots of it or private investors will be toast the rate Turney spends money.

Https://www.sundaynews.co.zw/investors-urged-to-follow-kavango-resources-lead-in-zimbabwes-gold-exploration-market/

Unusual amount of detail (probably written by Ben)

Brief update from KAV on twitter with core photos from drill 6, visible sulphides around 220m and what looks like quartz veining at 322m. No real clues about widths and grades but promising . Would expect an RNS/twitter update/interview fairly soon outlining progress & future drill plans. BT did recently reiterate 15 targets so 10 left to drill. Prior to drilling BT talked about two rigs and recently they talked about vectoring in with drills which is Dave speak for still looking. I suspect they'll stick with a single rig unless they found commercial grades as they need time to analyse & figure out next moves.

Twitter 23 Aug suggested drill 6 had commenced. Very broadly the targets are 200-300m with c30m/day drill rates suggesting drill 6 has/is about to complete.

Drills 5 & 6 are focussed on discoveries & to use Dave Catterall's phrase "vectoring in" so it will be interesting to hear what information KAV cares to put into the public domain in the next few days. The first 3 drills looked rather good but shy of commercial grades & there is still geological risk (Cobra's recent drills supervised by DC just prove this)

If KAV unlocks commercial grades on drills 5 or 6, then I'd expect a second rig as they have another 10 targets to drill in this campaign.

At the moment Zim gold is a distraction causing lots of dilution, the real value event is KCB (Karakubis)

Pohaku: you’re an idiot who doesn’t understand valuation methods… but counterintuitively please don’t stop.

A recent deal shows gold reserves are worth c$10/oz, the money is in production. I was hoping KAV would find shedloads of gold but those peasant miners with picks & shovels didn’t leave much.

https://www.lse.co.uk/rns/AAU/merger-with-rockover-holdings-and-dual-list-on-asx-nij0i8gkg7i5quu.html

KAV will pay c$2.5m for Hillside so will need to find min 250,000 oz to justify the deal.

RNS today talks about 10,000oz +5,000oz targets which is probably in line with released assay results. Whether the aggregate of multiple targets adds up to 250,000oz remains to be seen.

Not heard anything from Prospect 1 as core sent to SA and KAV has not talked about further drilling.

Update:, now on 6th hole, "excellent progress"

https://x.com/KavangoRes/status/1826930703381983577

KCBDD005 should complete within next few days/week. Will be an interesting result if DC has vectored in. Hoping BT can give a mid campaign update though suspect he's waiting until Sept when convention says the markets wake up. Hillside assays sent to SA should also be available very soon as 3 months is almost up.

Believe it went you read the assay results.