Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
BT is talking about the legal structures at this stage. I was encouraged that BT downplayed an immediate deal with Majors saying it was too early stage. Still no timelines but I really hope KAV goes it alone with 3-4 drills in the next couple of months.
Stan: there's definitely signs of improvement;
The geophysics is being independently verified and its not bad.
KAV now know their strengths and weaknesses.
Yesterday, "our sole focus is to deliver a maiden resource as quickly as possible". That creates permanent shareholder value.
The acquisition strategy is cautiously sensible.
Peter Bee not only has skin in the game but hands on involvement.
I want to hear more focus on shareholder value and for KAV to stop diluting shareholders for 6 months and the obvious when are they going to drill B1.......but the fundamentals never went away.
From 21.45, nothing particularly new but at least its on the radar of UKIM
https://ukinvestormagazine.co.uk/travis-perkins-cadence-minerals-and-kavango-resources-with-alan-green/
Cox is asking how KAV funds the purchase and associated exploration costs? It just depends on what they're buying, a greenfield licence without little exploration could be relatively cheap, the expensive bit it the commitment to exploration. One of the downsides to Botswana is that licence holders have limited time to make discoveries and then have to hand back a percentage of the licence, normally the rubbish areas you don't need. This might be one of the reasons KAV is looking at other countries.
Abbreviated
Abbreviated version:
Hi Ella, this is abbreviated:
1. Botswana Exploration
2. Botswana Project Financing
3. Portfolio Expansion - advanced stages of due diligence for two possible acquisitions.
Next time mobilise the rig it will be for discovery drilling
Existing targets large-scale plays.
Recognise needs to balance portfolio.
Kalahari sand cover very challenging jurisdiction, exploration strategy geophysics led, very little surface geology to work with, which makes our job that much harder.
Expanding our portfolio into a new jurisdiction to help bolster our work in Botswana.
I’ve been out in the field, visiting potential sites and meeting local operators with an extremely experienced exploration geologist. Goal to add opportunities to our portfolio where there is clear (at surface!) geological potential and the chance of nearer-term commercial wins. This is key.
The fact is that the technical work we’ve been doing these past few years has been focussed on really deep targets. While this has made our jobs harder, it has put us in a very strong position to be able to deploy our skills on “easier” ground.
I now want to put our technological edge to work and apply those advances (such as we’ve made with CSAMT) to areas where there is outcropping and, as I say, more attractive geology much closer to surface.
So, as part of our new strategic approach, we’re putting together a comprehensive plan to explore this new jurisdiction. Peter Wynter Bee, Brett Grist, and I will go to see our main new proposed project. As soon as I’m able to reveal more information about it, I will.
The GRS is an IOCG sitting below gabbroic sills at 1000-2000m depth. The primary target is Ni sulphides at 400-700m and if you look at Norilsk or Voisey Bay deposits, the metal forms in a series of cascading pools. The geophysics in the B1 drill treated two pools as a single body so when they drilled the centre it was actually the void between the pools. DHEM at 300m identified the issue although not quick enough for the drill team to make changes. The '3 smaller spots' is exactly what KAV should see and target.
I agree about the PNT/FMET. Simply saying PI's need to see tangible progress, value creation and a coherent strategy. Believe me I am looking for positives from our part time CEO. The strategy can be as fluffy as hell but it needs to be communicated, Darren's stance is basically trust me which doesn't wash.
Credit to Darren for turning up, but he had advanced notice of 90% of the questions and I left the meeting deeply frustrated. The underlying strategy is blunderbuss & corporate deals, don't think he has a concept of capital ranking/rationing. I averaged down on the basis of the Awkward core photos, apparently its still prospective for Ni/PGM but they're no longer working on the target so the graphite RNS was BS.
I have a decent sized holding. Panther is uninvestable until they start delivering substance.