Member Info for MakusN

My takeaways from the Proactive interview

KSZ

Heat halos very large 8m+ either side this is significant
Primary sulphides now proven - extremely important
New ground based and down hole geophysics over the coming weeks
Massive sulphide very likely exists - just need to find it!!!!
Ditau work to continue soon
No mention of data room or JV talks on KSZ or Ditau - perhaps too sensitive a subject at the moment???

KCB

Known area two existing mines close by MOD / Sandfire
Work programme already arranged
Work to commence shortly
Much less technical project
Relatively straight forward exploration
The KCB is already more of an established mining province than the KSZ

Looks very much like some other approaches - not clear if by licence holders or other mining companies
Combined deal on both KCB and KSZ to help with funding for both? This was not clear....but sounds very positive.
Alludes to more licenses may be coming.

PRESS RELEASE

17 February 2020

KAVANGO RESOURCES PLC
("Kavango" or "the Company")

Kalahari Copper Belt - Joint Venture signed

Kavango Resources plc (LSE: KAV), the exploration group listed on the Standard Listing Segment of the main market of the London Stock Exchange and targeting the discovery of mineral deposits in Botswana, is pleased to announce that, following the announcement of a signing of a Memorandum of Understanding on 2 September 2019 between the company's 100% owned Botswana subsidiary Kavango Minerals Pty Ltd and the Botswana registered company LVR GeoExplorers (Pty) Ltd ("LVR"), the Company has now signed a Joint Venture Agreement ("JVA") in respect to two Prospecting Licences (PLs) situated in the Botswana section of the Kalahari Copper Belt ("KCB").

PL 082/2018 lies 30km north of MOD Resources' T3 mine development and is completely surrounded by MOD/Metal Tiger/Sandfire PLs including their T5, T6, T9, T10, T14 and T15 targets. The PL lies astride the main Ghanzi - Maun tarred highway. PL 083/2018 is close to the Namibian border south of the Trans-Kalahari Highway and adjacent to a block of PL's held by Kopore Metals Limited.

The JVA provides for a staged Earn-In, which will give Kavango the right to earn up to a 90% interest in both or either of the PLs. The principal terms of the JVA are:

· In the first 12 months following the signing of the JVA, Kavango will be obliged to spend BWP1.25m (circa £92,000) on each of the licences to acquire a 25% interest.

· Kavango's interest in either of the PLs can be extended by further expenditure in 3 stages to earn a maximum of 90%.

· Kavango will be the managers of the exploration and development but will have the option to withdraw at any time following a two month notice period.

· Exploration of these licences will commence shortly.



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

"The signing of the JVA with LVR represents an excellent opportunity for Kavango to acquire an interest in some highly prospective ground in the KCB area, which is now regarded as one of the world's most promising under-explored copper provinces. Our exploration programme will start shortly. We believe that the JVA with LVR represents excellent value for shareholders, who now have the prospect of acquiring an interest of up to 90% in these PLs. We will continue to consider other opportunities in this exciting copper province in the coming months."


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.

Notes for Editors:

Sedimentary copper deposits are attractive to mineral exploration companies because they can form orebodies that compete with porphyry deposits on tonnage but are generally of higher grade. Examples include the Polish Lubin deposit with 2.6Bt @ 2% Cu and the Congolese Kamoa-Kakula deposit with

The share price reaction has been well over top for what was an excellent RNS demonstrating decent progress at the KSZ. We already knew back in December that they hadn't hit the jackpot yet. I think some investors expectations are unrealistic and whilst I'm not a geologist I do realise that these things can take time and the more information that is gathered refines the model and leads them closer and closer to their goal.

The conformation that what they did find were primary sulphides was excellent news and this KEY point should not be overlooked -

- Discussions were held with several major mining companies at the recent Mining Indaba Conference in Cape Town; interest was shown in the size and potential of the KSZ to host mineral deposits; a data room is currently being set up.

We already know they have signed NDAs with several companies re: carbonatites at Ditau so why not JV both projects with the same company?

They clearly are in the right area and hopefully the downhole geophysics and/or more powerful transmitters will detect the massive sulphides that we are looking for. And also get a mid tier or major on board to really accelerate the projects at both the KSZ and Ditau.

It's main market listed not AIM

This may explain the lack of news since xmas

It looks like the Indaba conference in Cape Town has most likely delayed news flow but now that Indaba is pretty much over now for another year this should be rectified shortly. By all accounts there were some interesting meetings held including with potential industry partners most of whom were the Majors!

Reply from Michael Foster

The xenoliths are whitish clasts inside the gabbros. They are incorporated inside the gabbro, some with remnants of the original sedimentary textures etc. They will have to be studied in detail as they will reveal information about the temperature, pressure, cooling of the magma that formed the gabbro rocks. Part of a much bigger picture being unravelled at the KSZ.

PRESS RELEASE

2 December 2019

KAVANGO RESOURCES PLC

("Kavango" or "the Company")

DRILLING ON THE KSZ IDENTIFIES MAGMA PLUMBING SYSTEM

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 copper-nickel-PGE deposits in SW Botswana, is pleased to announce that the current drilling programme on the Kalahari Suture Zone Drilling Project (KSZ) appears to have identified multiple magma conduits, which would have supplied molten lava to the surface.

HIGHLIGHTS

-- Drilling on the final target of Kavango's current drilling programme has intersected a 16m gabbroic sill at 120m from surface on hole RIT08DH2.

-- The gabbro sill contains disseminated sulphides as in the other intrusives intersected in this drilling programme. What is significant, however, is that the sediments above and below the sill show intensive alteration by heat. This alteration extends several meters either side of the sill.

-- The extent of the heat alteration in the sediments is unusual for a relatively thin gabbro and suggests that the sill represents a formerly active conduit that would have allowed a constant flow of magma over an extended period to the surface.

DISCUSSION and SIGNIFICANCE

-- Kavango's geological team believe that they have intersected a small part of a very extensive magma plumbing system that lay beneath multiple volcanic vents and fissures which extruded large quantities of basaltic lava onto the surface about 180 million years ago.

-- This is the type of plumbing system that hosts massive sulphide orebodies at Voisey Bay in Canada, one of the world's largest Ni/Cu/Co deposits.

-- Typically these complex plumbing systems are composed of stacked (horizontal) sills connected to each other via (vertical) dykes.

-- If the magma contained "free" sulphur (due partly to contamination of the magma by the incorporation of coal), a continuous flow of magma along the conduit over extended periods may have allowed for the accumulation of metal suphides in certain localities within the sill.

-- The application of downhole geophysical techniques should locate accumulations of metal sulphides within the gabbro. This will be undertaken as soon as the equipment becomes available.

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

"It is most encouraging that the current drilling programme may have identified a magma plumbing system typical of those that host some of the world's largest metal sulphide deposits. If it can be established that the disseminated metal sulphides seen in the gabbroic sills are a primary feature, then there is an excellent possibility that economically viable metal sulphide deposits exist within the KSZ. The Company will continue to keep the market informed of all developments on the KSZ in the coming days."

For further information please contact:

29 November 2019
KAVANGO RESOURCES PLC
SULPHIDE MINERALISATION INTERSECTED ON THE KSZIN SW BOTSWANA

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 copper-nickel-PGE deposits in SW Botswana, is pleased to announce that disseminated sulphide mineralization has been intersected in two high level gabbro sills during drilling on the Company’s Kalahari Suture Zone Drilling Project (KSZ).

HIGHLIGHTS

• Twog abbro sills containing disseminated sulphide mineralization have been intersected in hole RIT38DH1, which lies approximately 50km north-east of the town of Hu****si in SW Botswana.

• The sills were intersected at340m and 367m respectively and were each about one third of a metre thick.

• Gabbro sills have also been intersected in reverse circulation drillholes (RIT50DH1 & RIT50DH2), which lie10kms south of Hu****si. The sills are respectively 12m and 14m thick and were intersected between 55-60m below surface.

• Drilling on the third and last target (RIT08) is currently in progress.

A photograph of some core at RIT38 can be seenon Twitter at @KavangoRes or athttps://www.kavangoresources.com/projects/kalahari-suture-zone

DISCUSSION and SIGNIFICANCE (a glossary of terms is found at the end of this RNS)

• Until thin sections of the core have been made and examined, it is difficult to be certain that the sulphides intersected in the gabbros were generated in the molten magma (primary)or introduced into the solidified gabbro from an outside source (secondary).

• The existence of primary sulphides in the gabbro would imply that there was sufficient “free” sulphur in the molten magma to scavenge metals (including Cu/Ni/PGEs) from the melt and deposit them in discrete locations (massive sulphides).

• The observed contact between the gabbro and the coal seams in the hole suggests that coal and carbonaceous matter, rich in sulphur, was incorporated into the molten magma during emplacement.

• Study of magmatic sulphide orebodies world-wide suggest that the thickness of the gabbroic sills has little bearing on the grade and value of the metals contained.

• In this type of deposit, the gabbro sills and dykes represent conduits along which large volumes of magma passed on their way to the surface. What is important is the amount of magma that passed through the conduit - leaving metal rich,immiscible sulphide liquid behind to solidify into an orebody.

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

“We are highly encouraged by the discovery of disseminated metal sulphides in gabbro sills and the incorporation of coal seams into the melt. This lends significant support to Kavango’s belief that the post Karoo magma chambers emplaced along the KSZ developed sulphur rich magma that allowed for the crystallization of large volumes of metal sulphides (Cu/Ni/PGE). It

Kavango Resources
@KavangoRes
·
28m
Drilling continues at the KSZ in Bostwana. Nearing target depth at RIT38.

#KAV

https://twitter.com/KavangoRes

Up 18%

Must be near target depth by now

*video*

#KAV @KavangoRes


#Kavango Resources' Mike Moles updates on #KSZ drilling programme

https://www.youtube.com/watch?v=Jzp9lzL_L94&feature=youtu.be

Kavango Resources
? @KavangoRes
9h9 hours ago

Botswana's incumbent party has won re-election in Africa's most business friendly country. Most of last week was a national holiday so no drilling - we are starting again this week.
Mike Moles on site and RC (reverse circulation) chips from 40m to 110m.
#KAV

He is one of the Riversdale Mining guys that were listed on the ASX and taken over by Rio for $4 billion in 2011.

Drilling underway at the KSZ
https://twitter.com/KavangoRes/status/1184203010689253376?s=20

15 October 2019
KAVANGO RESOURCES PLC

DRILLING STARTED ON THE KSZ IN SW BOTSWANA

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 copper-nickel-PGE deposits in Botswana, is pleased to announce the Company has commenced drilling at the first of its three targets on the Kalahari Suture Zone ("KSZ"). The objective of the drilling is to verify the Company's geological model, aimed at discovering a Norilsk-style magmatic sulphide ore body.

As previously announced, the Company selected its current three drill targets following two airborne electro-magnetic ("AEM") surveys on its prospecting licenses and the subsequent ground based geophysical follow up surveys and soil sampling. The soil sampling tested for iron ("Fe"), copper ("Cu") and zinc ("Zn").

The approximately 1,000m drilling programme will seek to intersect sulphide mineralization associated with gabbroic sills that were intruded into the Karoo sediments about 180 million years ago.

The Company believes the presence of copper/nickel sulphide mineralization in association with high-level gabbroic sills will provide significant evidence for the development of magmatic sulphide ore bodies similar to those currently being mined at Norilsk (Russia) and Voisey Bay (Canada).

Kavango has elected to use reverse circulation drilling, which is more cost effective, to penetrate the relatively unconsolidated Kalahari and Karoo cover for up to 200m. Diamond (core) drilling will then continue into Karoo sediments, gabbros and the conductive targets to a target depth of around 400m.

Further details of Kavango's current three drill target programme and the geological models were announced on 2 October 2019 and are provided on the Company's website at https://www.kavangoresources.com/projects/kalahari-suture-zone and on Twitter at @KavangoRes.

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

"We are delighted that the drilling on the first hole of this 3 hole programme is now underway. If the current drilling is able to verify Kavango's geological model by intersecting metal sulphide mineralization in association with gabbroic intrusives on the KSZ, this will represent a major step forward towards the discovery of a world class, Norilsk type, magmatic sulphide deposit in Botswana. We look forward to providing the market with further updates as this drill campaign proceeds."

For further information please contact:

Kavango Resources plc
+44 20 3651 5705

Michael Foster

mfoster@kavangoresources.com

SI Capital Limited (Joint Broker) +44 1483 413500

Nick Emerson

Turner Pope Investments (Joint Broker)
+44 20 3657 0050

Andy Thacker and Zoe Alexander

Kavango Resources (@KavangoRes)
2019-10-14, 14:55
Drill convoy on the road at the weekend (drill, spares, core boxes, camp equipment etc.) heading to the first drill location at the KSZ.
#KAV pic.twitter.com/QXFTN2q07Q

Although the AEM was often able to penetrate down to over 1,000m, Kavango prioritized targets within 400m of the surface and then only if they were in close association with high level gabbroic sills.

A total of 15 targets fitted the basic criteria, which were then surveyed on the ground by CSAMT (resistivity) surveys. Soil sampling was also conducted to test for Fe, Cu and Zn.

One of the targets chosen for drilling (RIT38) is associated with a large high level gabbroic sill (10km x 6km). Location plans and CSAMT sections are shown on our website.

In order to test different areas of the KSZ, the second (RIT8) and the third (RIT50) drill holes are now located within two different linear conductors, with associated gabbro intrusives. CSAMT sections for both targets are also on the website.

Proposed drilling programme

Kavango has now signed a contract with an established local Botswana drilling company. Mobilization is underway and drilling is planned to start shortly. The programme is likely to take several weeks to complete, depending on drilling conditions. All holes will be vertical. The initial plan is to drill approximately 1,000m of which about half will be core drilling.

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

"Following the CSAMT surveying of targets selected from the detailed modeling of the AEM data, Kavango has identified a number of drill targets, which we believe are highly attractive. These priority targets are now ready for drilling. The drilling company has been mobilized and within a short period of time we will be drilling on the KSZ. This has been an innovative and systematic mineral exploration programme in a very under-explored region of SW Botswana that we believe has excellent potential to host significant base metal deposits."

Geological models, plans of the drill targets and CSAMT X-sections are provided on the Company's website at www.kavangoresources.com and on Twitter at #KAV.

2 October 2019

KAVANGO RESOURCES PLC

("Kavango" or "the Company")

KSZ DRILLING PROGRAMME TO START EARLY OCTOBER

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 now signed a drill contract and mobilization of the rigs is underway. Drill collar positions have been decided upon and the first hole should be started early this month.

HIGHLIGHTS:

-- An initial programme of approximately 1,000m (3 holes) on the Kalahari Suture Zone ("KSZ") has been planned to intersect conductor targets at depths of between 200m and 400m.

-- A drilling contract has been signed with an experienced Botswana drilling company that has been involved in the discovery and development of a number of deposits on the Kalahari Copper Belt.

-- The drill collar positions have been decided upon. Access roads and the drill sites are now being prepared.

-- The vertical holes will be pre-collared to approximately 150m with reverse circulation drilling. Then diamond drilling (NQ size) will obtain core from the target.

-- All 3 proposed drill holes are within easy trucking distance to water sources for drilling and to the administrative town of Hu****si.

-- One of the conductor anomalies selected for drilling is hosted within a 10km x 6km magnetic anomaly, which is interpreted as a high level gabbroic* intrusive (magma chamber).

-- The other two targets relate to significant linear magnetic and conductive structures.
-- A presentation with drill target selection and geological models is now on our website at:

https://www.kavangoresources.com/projects/kalahari-suture-zone

Background:

Kavango is exploring for magmatic sulphide orebodies associated with high-level gabbroic magma chambers emplaced along the 450km long KSZ. The Company currently holds 13 Prospecting Licences along the KSZ amounting to over 8,300km(2) .

The directors believe the KSZ's geological model is analogous with the Norilsk/Talnakh (Siberia) and Voisey's Bay (Canada) Cu-Ni-PGE massive sulphide deposits.

The geology of the KSZ area is obscured by 20m to 70m of recently deposited Kalahari sand, clays and calcretes (the "Kalahari Cover"). To see beneath the Kalahari Cover, Kavango has employed Airborne Electro-Magnetic ("AEM") surveying to map out the conductivity of the various structures and rock types that are in proximity to high level gabbroic sills, which have been identified by earlier regional magnetic surveys.

Massive metal sulphide deposits tend to be very conductive (<5 ohm/m). Modern AEM techniques combined with advanced computer modelling can map out the areas of high conductivity. If the highly conductive zones are positioned within the gabbroic sills, there is a strong possibility that they will host sulphide mineralization.

Target selection and drill coll

Kavango Resources PLC

24 September 2019

KAVANGO RESOURCES PLC

("Kavango" or "the Company")

KSZ CONDUCTORS READY FOR DRILLING

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 it has selected targets for drilling at the Company's Kalahari Suture Zone project (the "KSZ"). An initial 1,000m drill programme, using diamond core and/or reverse circulation drilling to test for sulphide mineralisation, is scheduled to commence in early October.

HIGHLIGHTS:

-- 77 conductors identified through two airborne electromagnetic (AEM) surveys, covering 4,060kms on the KSZ in SW Botswana;

-- Shortlist of 15 drill targets identified, following ground follow up survey work:
o Targets ranked by prospectivity;

-- Kavango has selected three of the most prospective targets to drill:
o Two of the conductor anomalies selected are hosted within a 10km x 6km magnetic anomaly, which is interpreted as a high level gabbroic* intrusive (magma chamber);

o The third target relates to a significant linear magnetic structure;

-- The Company's preparation for a 1,000m diamond core and/or reverse circulation drilling programme designed to identify sulphide mineralisation, is at an advanced stage;

-- A drilling contract with an established Botswana company is expected to be signed shortly;
-- Drilling is planned to commence in early October.
Background:

Kavango is exploring for magmatic sulphide orebodies associated with high-level gabbroic magma chambers (feeder zones) emplaced along the 450km long KSZ. The directors believe the KSZ's geological model is analogous with the Norilsk/Talnakh (Siberia) and Voisey's Bay (Canada) Cu-Ni-PGE massive sulphide deposits.

The hard rock geology of the KSZ area is obscured by 50m to 70m of recently deposited Kalahari sand, clays and calcretes (the "Kalahari Cover"). The board believes this has led to the KSZ being largely underexplored for minerals.

The Company currently holds 13 Prospecting Licences along the KSZ amounting to over 8,300km(2) .

Airborne Electro Magnetic (AEM) surveying:

In order to look below the Kalahari Cover, Kavango uses airborne Electro Magnetic (AEM) surveying and other geophysical techniques to help identify major geological units and associated massive sulphide deposits.

At the end of 2018, a Canadian company carried out an initial 2,000 line-km survey (Phase 1) over a portion of the Company's KSZ licences. This resulted in the identification of 26 conductors and a number of potential drill targets.

In February/March of this year, the Danish company, SkyTem, carried out a second 2,060 line-km survey (Phase 2) over the northern part of the KSZ. The SkyTem system was able to obtain data down to an average depth of 400m. As a result of this a further 51 conductors were identified