Member Info for MakusN

Results of phase two of the EM surveys are due any day too

Skiboy10
26 Mar '19 - 15:35 - 238 of 240 Edit

Kavango Resources encouraged by results from first hole at Ditau prospect

Published on Mar 26, 2019

Mike Moles, director of Kavango Resources Plc (LON:KAV), updates Proactive London's Andrew Scott on the drill programme at their Ditau prospect - part of Kavango’s wider Kalahari Suture Zone project.

https://www.youtube.com/watch?v=1DRo0JXbsqY#action=share

Skiboy10
26 Mar '19 - 15:41 - 239 of 240 Edit

'Olympic Dam style mineralisation"

https://www.geologyforinvestors.com/great-deposits-olympic-dam/

Skiboy10
26 Mar '19 - 15:45 - 240 of 240 Edit

"It's fairly early stage but I haven't seen alteration of that quality for a very long time so this is reminiscent of Olympic Dam style mineralisation. We don't know exactly what it is that's down there but we are very excited about what we are going to find in the next week or two"

"How have you found investor interest in the project?"

"I think a lot of investors are quite excited about the story to be honest. It is a pot of gold type story. It has the attraction of being a huge deposit. So a lot of people who like to take a chance on something are very keen on this project. They are excited about it. And I think if we get a sniff of what we suspect might be there then I think the big investors, the big institutions will then start to take notice. Well they are already taking notice actually but I think they are holding fire until we find something a little bit more substantial. And then I expect things will really start to take off."

https://youtu.be/6e5dc7NJOxg

Hopefully next week - Michael Foster said by month end in a recent interview. Fingers crossed.

100 bagger sounds fine

all joking apart I looked up the Sirius story in AUS and it would be sweet to see something similar here

EM Surveys results
Drilling at Ditau
Both due soon

That was copied from advfn

Just a bit of very intersting info. the JRT website has been fully updated. This has been added. I think this is referencing our project...... The BART program demonstrated: Energy efficiency. It demonstrated a nearly 5 to 1 energy returned on energy invested (EROI) ratio. This is superior to the EROIs of many of the alternative technologies currently being applied to tight sources of oil and gas. High product quality potential. Very high quality, low sulfur content oil was extracted which was similar to high quality Arabian crude without any significant added refining. Technological scalability. The Utah project employed a full scale commercial design. Radio frequency antennas were positioned in boreholes at shale depths of up to 200 feet with commercial radio frequency generators transmitting 50,000 watts of energy or less to the downhole antenna to demonstrate and achieve optimum oil recovery temperature at 350 degrees Celsius. Gas production (methane) was continuously produced and quantified during the oil recovery period. Safe energy delivery. The energy delivery was compliant with the FCC’s published guidelines. Minimal environment impact. The footprint of its land surface impact was confined to the disturbance represented by the boreholes. No aquifer contamination or adverse impacts to air quality were generated. This program, which was conducted in the early 1980’s, would have continued to be funded had oil prices not dropped dramatically. The early pilot designs used in the BART program can now be augmented with new designs developed by JRT that improve both the effectiveness and efficiency of commercial application. The design, testing and operation of a large scale (10,000 bbls per day) commercial production system is anticipated to achieve significant economic return. In summary: RF requires less energy, fewer boreholes and significantly less infrastructure than current conventional extraction methods; RF can enable economically viable recovery in unconventional formations without the use of water, substantially reducing the cost and environmental impact of extraction; JRT’s improved RF generator and antenna design substantially enhance the capabilities of proto-type equipment making commercialization economically viable; and The wide spectrum of energy transmission achievable through improvements in RF technology and design enable in-formation visbreaking and selective extraction of products at the wellhead, potentially eliminating added refining and distribution costs. from http://www.jrtechnologiesllc.com/products.html Happy days ahead.....

KAV

Listed on main market in July 2018. Flown under the radar so far. Market Cap £4.6M

The targets are nickel-copper-PGE deposits associated with a 450km long structural feature thought to extend deep into the earth’s crust.

Kalahari Suture Zone project has a striking similarity to Norilsk, one of the greatest palladium and base metals complexes in the world

Directors with excellent pedigree and history of value creation taking mostly equity over salary

Drilling commenced on elephant exploration targets – results due soon

Kavango has already received preliminary interest in the Kalahari Suture Zone project from some big name potential partners (as per Proactive Investors)

Worth putting on your monitor

KAV

Listed on main market in July 2018. Flown under the radar so far. Market Cap £4.6M

The targets are nickel-copper-PGE deposits associated with a 450km long structural feature thought to extend deep into the earth’s crust.

Kalahari Suture Zone project has a striking similarity to Norilsk, one of the greatest palladium and base metals complexes in the world

Directors with excellent pedigree and history of value creation taking mostly equity over salary

Drilling commenced on elephant exploration targets – results due soon

Kavango has already received preliminary interest in the Kalahari Suture Zone project from some big name potential partners (as per Proactive Investors)

Worth putting on your monitor

Kavango Resources
? @KavangoRes
8m8 minutes ago

Mike Moles and Hilary Gumbo study drill cores at our Ditau prospect and the SkyTEM helicopter refuels at the Hu****si airstrip in between AEM surveys.
#KAV #Botswana #LSE #Copper #Mining #Norilsk #NIckel #PGE

From the listing RNS..didn’twe just start drilling at Ditau then see an unexpected placing? ‘If mineralisation is discovered at any of the Project sites, Kavango will consider raising further funding if the Directors elect to further advance the development of such mineralisation.’ https://www.kavangoresources.com/investor-relations/news/122-admission-to-main-market-and-first-day-of-dealings

Michael Foster, Chief Executive Officer of Kavango Resources, commented:

"We are pleased to announce the successful conclusion of a placement with clients of SI Capital Limited. The proceeds of £500,000 before expenses, will allow Kavango to accelerate its exploration program at the Kalahari Suture Zone (KSZ) project area. The KSZ project covers over 9,000 km2 of prospecting licences prospective for base metals in southwest Botswana.

The funds will also assist us to review other highly selective but potentially very interesting natural resource opportunities in Botswana.

Our current exploration programme in Botswana is on track, with both the airborne electromagnetic (AEM) survey (see RNS dated 21 January 2019) and the drilling at Ditau, which forms part of the KSZ project (see RNS dated 28 January 2019) progressing according to plan. Further information is expected to be available shortly on both these programmes which the Company will of course relay to the market at that time”.

PRESS RELEASE

25 February 2019

KAVANGO RESOURCES PLC

("Kavango" or "the Company")

GBP500,000 EQUITY PLACEMENT

Kavango Resources plc (LSE: KAV), the exploration group listed on the Standard List segment of the main market of the London Stock Exchange and targeting the discovery of world class mineral deposits in Botswana, is pleased to announce that it has raised GBP500,000 (before expenses) through a placing of 17,857,142 ordinary shares of 0.1p each ("Ordinary Shares") at a price of 2.8p each ("Placing Price") (the "Placing").

HIGHLIGHTS:

Placement

-- The Company has placed 17,857,142 Ordinary Shares at 2.8p/share (the "Placing Shares");
-- Proceeds (before expenses) amount to GBP500,000;

-- Each Placing Share has a warrant attached which is exercisable at a price of 12p from the earlier of the date falling one year after the date of Admission (defined below) or the date of publication of a prospectus until 31 July 2020 and which, if exercised, gives the warrant holder the right to an additional half warrant exercisable at 24p prior to 31 July 2022;

-- The placing was conducted by the Company's broker SI Capital Limited.

Michael Foster, Chief Executive Officer of Kavango Resources, commented:

"We are pleased to announce the successful conclusion of a placement with clients of SI Capital Limited. The proceeds of GBP500,000 before expenses, will allow Kavango to accelerate its exploration program at the Kalahari Suture Zone (KSZ) project area. The KSZ project covers over 9,000 km(2) of prospecting licences prospective for base metals in southwest Botswana.

The funds will also assist us to review other highly selective but potentially very interesting natural resource opportunities in Botswana.

Our current exploration programme in Botswana is on track, with both the airborne electromagnetic (AEM) survey (see RNS dated 21 January 2019) and the drilling at Ditau, which forms part of the KSZ project (see RNS dated 28 January 2019) progressing according to plan. Further information is expected to be available shortly on both these programmes which the Company will of course relay to the market at that time".

Further information in respect of the Company and its business interests is provided on the Company's website at www.kavangoresources.com and on Twitter at #KAV.

Application for admission

The Placing Shares will rank pari passu in all respects with the existing Ordinary Shares. Application will be made for 17,857,142 Placing Shares to be admitted to trading on the Standard List segment of the main market of the London Stock Exchange ("Admission"). It is expected that Admission will become effective and that dealings in the Placing Shares will commence at 8.00am on 12 March 2019.

Total Voting Rights

Following the issue of the Placing Shares, the total issued share capital of the Company will consist of 152,027,138 Ordinary Shares. Therefore, the total number of voting rights in the Company is

The Kavango team is well seasoned in terms of the African mining space. Mike Moles has an impressive track-record of value creation in the exploration sector, including identifying prospective exploration ground and creating value by selling projects to major mining companies, notably Impala and Riversdale.

In the mineral exploration and business, the composition of the board and management team is critical and it’s the first element we look at when we analyse companies. The Kavango team is well seasoned in terms of the African mining space, but it’s worth highlighting Mike Moles’ track-record of value creation.
Mike is the driving force behind the geological strategy of the company. After gaining a geology degree in 1986, he kicked off his career with a 15-year stint in Zimbabwe, working for Delta Gold as an exploration geologist, before moving to Reunion Mining, where he reached the position of Director of Exploration. During his tenure, Mike oversaw the proving up and extension to the resource at the Skorpion zinc deposit in Namibia. After 2 years as Consulting Geologist at Lonmin, he set up his own business Mike has an impressive track record of identifying prospective exploration ground and creating value by selling to major mining companies, notably Impala Platinum and Riversdale Mining. We believe Mike’s experience could be an important component in Kavango’s success. He has spent most of his career working in Africa, including tenures in Botswana, Malawi, Tanzania, Mozambique, and Zambia.

https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=1&ved=2ahUKEwier7yhpNXgAhVQvZ4KHa90Cq0QFjAAegQICRAC&url=https%3A%2F%2Fwww.kavangoresources.com%2Findex.php%2Finvestor-relations%2Fresearch-notes%2Fdownload-file%3Fpath%3D180228%2BOptiva%2B-%2BFINAL%2Bv2%2BKavango%2BResearch%2BNote.pdf&usg=AOvVaw3xHy1ZVep-6knTgo6p40zC
Skiboy10
24 Feb '19 - 21:15 - 142 of 142 Edit
0 0 0
Furthermore, directors and management have indicated that key roles will be fulfilled with either minimal or no salary. Mike Moles for instance, has indicated that he will not be drawing a salary. This should ensure that most funds are available to go “straight into the ground”.

You don't see that very often.

Mike Moles has a good track record and has been working on this since 2011. Drilling being ongoing for a few weeks at Ditau. Could get about to get pretty exciting. Happy to hold long term for 100p+ if they find what they are looking for. Cheers!

MiningMaven - Kavango’s Mike Moles on how firm’s new tech could mark a ‘major step forward’ in Botswana (KAV) https://miningmaven.com/blog/707-kavango-s-mike-moles-on-how-firm-s-new-tech-could-mark-a-major-step-forward-in-botswana-kav

MiningMaven - ‘We only need to find one deposit to confirm our theory is correct’: Kavango Resources on hunting for sulphide orebodies in Botswana https://miningmaven.com/blog/647-we-only-need-to-find-one-deposit-to-confirm-our-theory-is-correct-kavango-resources-on-hunting-for-sulphide-orebodies-in-botswana

As such Kavango was unable to tell which anomalies were low priority near-surface conductors like clays and shales and which went much deeper.

In layman’s terms, the deeper an anomaly is, the more likely to be prospective for mineralisation. This makes it a higher priority drilling target for Kavango. As such, the firm was forced to carry out groundwork on all 26 targets to determine whether they were worth following up. Moles tells us this was a difficult task that took longer than expected to complete.

He believes the new technology will make it much easier for Kavango to differentiate between the two types of anomalies.

‘We will immediately be able to see which conductors have a depth component to them and represent high priority targets. Likewise, it will be much easier for the business to identify and ignore those surficial conductors that are very often just clays and other conductive materials that lie within the first 50-60m below the surface,’ he told us.

‘The technology we contracted in Phase One used a much higher frequency and was not getting deep enough to differentiate between the shallow and deep targets. If we had SkyTEM’s technology back in September when we launched the campaign, we could have reduced the number of conductors worth following up from 26 to about six or seven straight away. Using our new approach, we should be to turn over these conductors much more quickly in Phase Two.’

To assess the effectiveness of SkyTEMS’ technology, Moles told us that Kavango also plans to run lines over some of the areas it surveyed in Phase One and compare results. However, he tells us he is already very confident that the results will be positive:

‘We are confident that this new technique will work. A huge amount of test work has been completed in the past to demonstrate its effectiveness. We think it will represent major step forward in our exploration strategy.’

If Moles’ confidence translates into results this could prove to be highly significant for £2.5m valued Kavango. Since listing last summer the company’s story hasn’t attracted a great deal of attention, despite the progress it has made on the ground. Exploration plays can be extremely racey stocks and with the size of target Kavango is going for, the deployment of the new technology could give it just the edge it needs.

Kavango’s Mike Moles on how firm’s new tech could mark a ‘major step forward’ in Botswana (KAV)

Kavango Resources (LSE:KAV) rose 1.9p on Monday after revealing the imminent launch of its next phase of airborne electromagnetic (AEM) surveying over Botswana’s Kalahari Suture Zone (KSZ). Importantly, the company also revealed that it has contracted a high-power new technology to carry out the work. It expects this to ramp up the speed at which it can highlight potential copper, nickel, and PGE mineralisation in the area dramatically. Speaking exclusively to MiningMaven, Kavango’s exploration director Mike Moles told us the significance of this development and how it could help the company in its quest to identify Norilsk-like mineralisation at the KSZ.

Surveying targets

In Monday’s update, Kavango announced that it has now mobilised the second phase of its AEM survey. The work is being carried out over the business’s 15 prospecting licences in Southwest Botswana. Much of this sits on the KSZ, which is a highly-prospective, 450km2-long magnetic anomaly.

Kavango hopes to identify massive sulphide orebodies containing vast amounts of nickel, copper, and platinum group elements beneath the KSZ’s surface. Mining consultant MSA Group has backed the potential presence of these deposits on the KSZ, which was first explored in the 1980s and 1990s. Meanwhile, Kavango has suggested that the area has a similar geological setting to the giant Norilsk copper/nickel deposits in Siberia.

The airborne EM survey is the first stage in the company’s efforts to identify these sulphide orebodies. It detects and prioritises potential locations for these deposits, which Kavango can then follow up with more detailed groundwork and drilling.

Flying for the second phase of the survey is expected to begin later this month, with the first phase completing at the end of last year. It will take between four to six weeks to complete and will cover up to 2,062 line-kilometres in the Hukunstsi area of Botswana.

The highlight of Monday’s announcement was the news that Kavango has contracted the services of a leading airborne geophysical survey player called SkyTEM for its latest phase of work. SkyTEM offers a ground-breaking, high-power surveying system that has been optimised to reach a depth of up to 300m below the earth’s crust.

It reaches these depths by using a high current and low base frequency of 12.5hz. According to Kavango, the technology has not been used in Africa before and is more effective than the older systems currently on the market.

Increasing efficiency

Moles tells us the technology will allow Kavango to investigate for orebodies at a much deeper level and with higher resolution than it was able to in the first phase of its survey.

The company identified 26 conductive anomalies over 2,000 line-km of the KSZ project during this stage of work. However, the technology used did not penetrate deep enough beneath the surface. As such Kav