Member Info for JP2000

Hi, is there any information/research on the Cherished Hope mine which is slap bang in the middle of the Tati strike? It would be interesting to know a few stats about the mine.

News? unlikely as it would be a closed period i.e. no trading

Other root vegetables are available.

To be precise 14,147km2 of licences so a big area, the issue in Botswana is limited time to make discoveries and then you have to hand a percentage of the claim back every couple of years. Its deliberate to incentivise exploration and stop land hoarding.

A partial transcript of the most salient part

"in 2023 you're going to see a lot from Kavango in 2023 we completed obviously our strategic financing in November last year we raised 3 1/2 million pounds so compared to the rest of the sector you know we are fully cashed up we've got significant backing behind us and we've also bought in new directors into the company as well so Jeremy add Peter winter B who joined us in December last year I've been working very hard over the Christmas period on a number of potential corporate transactions so we've got some very interesting stuff coming up but just to be clear that's not in terms of the KSZ said joint venture that's being taken care of by Tamasis, we are looking at some other alternative deals at the moment plus also expanding our existing portfolio so so there's a lot that's coming up of course we're going to be revisiting that B conductor at some point later on this year to go and drill that where obviously testing this Norilsk model and we have also had work to do down at Ditau as well where we've obviously had this IOCG style mineralisation so there is a huge amount for Kavango"

I read the Telegram session and PJ seems to have good relations with investors and a sense of humour. The BT position is very different which is hardly surprising. I'd like BT to emulate but wait 3 weeks for the current drill to play out, its the 13th drill under BT's tenure so surely their luck must change sometime.

When Ben Turney gets an idea into his head it quite difficult to persuade otherwise even when a dumb idea eg float Kanye on BSE. The difference is we now have Peter Bee on the Board.

The issue with going it alone on KSZ B1 is BT is bricking himself it might turn out to be a lump of iron effectively killing off Northern Hu****si so does he gamble giving 50% away for $10-20m or invest KAV's own cash with the hope of a $100m payday later. The rig is currently at Molopo for the next month but should be available mid Feb.

I think KAV needs to drill pre deal in Feb, its a one month 650m $200k drill and worth a lot of money to KAV shareholders if it finds high grade nickel (min 5p/share), it opens up similar lower conducting targets and of course the GRS. If the drill fails then we fall back on the recommendations of the Hornsey report which is go hunting for shallower targets in the Southern KSZ, a much more manageable task for a company the size of KAV.

KCBRD006 recommences this weekend, 428m of diamond left to go should take 14 days at 30m/day but factor in 3 weeks to complete, overall hole depth c600m.

KAV taking a cautious approach to PL082, no additional drills mentioned, no mention of wonderful Mindea. Good to see Brett in Botswana and some attempt at capital rationing.

“ Given the large size of our KCB licence package, Kavango is currently working to optimise and prioritise these. Our COO Brett Grist is presently in Botswana with our senior consultants, the results of which work are expected to refine our 2023 KCB exploration strategy.”

Twitter, see Ben's response.

https://twitter.com/Truffle_Pig99/status/1610954553523900416

BW Christmas break ended 9th Jan, drill team should be back on side mobilising and that takes a couple of days, for comparison B1 (2022) recommenced the equivalent of this Friday so they should be drilling very soon. BT is meant to be giving another Stockbox interview very soon so hopefully it gives more info on the current drills.

One of the underlying issues was the EM on PL082 was wrong and Brett had been focussed on KSZ is now overseeing KCB geophys. The last Boots On The Ground pretty much says the next drill is make or break, it doesn't say what the drill depth is & I'm guessing 400-600m. That's much deeper than the average anticline deposit so it will need decent grades but there is some hope particularly looking at Khoemacau's Zone 5 mine, average grades 2% Cu, Khoemacau have drilled to 1200m and reflects their development plan.

It can easily be 2-3 months, they need to put the results into a model and figure out what it means.

Last year we got assay results on Wishbone, they found mineralisation but it wasn't standalone commercial and share price fell. Some time later Darren appeared with a traffic cone to explain the mineralisation indicated they'd found the periphery of the VMS system hence the 5 drills in 2022 to home in on the main system. Have to say I'm a little disappointed with Darren's communications because he's giving absolutely no clues on what they found.

Buys & sells fairly evenly matched on very low volumes. Drilling starts next week.

Latest tweet:

When drilling restarts next week we'll test an anticipated D’Kar/Ngwako Pan horizon we identified with #CSAMT
It's a key test for #KAV
DK/NP contact controls #KCB #copper/#silver mineralisation
If successful we'll be the 1st company to identify the crucial horizon from surface

Expect the exact phrase to be used shortly to describe the KCBRC005 drill

On the one hand KAV is in a stronger position than ever before going into 2023, make a couple of discoveries and bag a tier 1 JV and all is forgiven.

In 2022 the CEO 'delivered' 3 drill campaigns but the key outcomes were dreadful, if Turney spent less time "pitching to anyone that will listen" and a bit more time putting pressure on under performing suppliers or questioning KAV's dodgy EM then the outcomes could have been different.

Good news? they've been talking to parties for over 12 months, it depends on the partner, ideally a tier 1 or 2 miner with experience of developing $1bn mines, but given BT's ability to dredge the bottom of the barrel and present as a triumph more likely someone with $15-20m in the bank looking to flip a deal, also I wouldn't rule out POW. Lets assume its a decent large experienced corporate, they're not into wildcat or speculative drilling, they want core with assays and preferably mineral reserves/resources. In fact the best person to ask about JV's or transactions is probably Keithoz, he'll be able to say exactly what makes KSZ investment grade. The absolute key to unlocking shareholder value is B1 and my guess is POW will have finished drilling Molopo by mid Feb (one hole left to drill).

I wish there was more information on the Wishbone VMS. There's very little public information (no AEM or CSAMT) and the drilling in 2021 found (from the composition/grades) the edge of a system hence the 5 drills in 2022 were looking for the main system. Yesterday Darren mentioned assays which is some comfort so there must be new VMS core, results expected Feb-Mar (?). There has to be a happy medium between keeping investors informed and commercial confidentiality whereas Panther have said absolutely nothing on the 2022 campaign.

New stockbox presentation

https://www.youtube.com/watch?v=6IiaWAsL7qQ

Immensely frustrating with the lack of information on the Obonga drills, they've sent cores for assays but the body language is not positive.

I like the appointments, if Bee was 10-15 years younger then an excellent candidate to run KAV.

KAV is on the main market of LSE and should in theory have an senior independent non exec director. There is an exemption for small companies but surely its to investors interests to follow best practice then BT.

The latest email came out this morning. Drill 6 was started and will resume mid Jan. Other than that its pure Turney BS.

Before anyone accuses me of re-ramping, I'm long and have been adding continuously over the last 9 months on the basis of the assets. This PL082 campaign has been an utter shambles, the worst of any Kavango campaigns and that's saying a lot.

The elephant in the room is the B1 drill into a 13000s(?? the figure constantly changes) target. Find Nickel and the share price triples over night, indeed the new Voisey Bay. Find a lump of iron and it kills off northern KSZ.

It sounds to me like KAV will do the deal pre B1 which I think is a mistake.