Article from 23rd October 2020 but shows the huge potential.9 Jan 2021 19:43
Part 1
The latest expert analysis of exploration data has confirmed potential for a massive, transformational nickel and copper discovery at AIM-listed Kavango Resources’ (LSE:KAV) vast Kalahari Suture Zone project in Botswana.
This could be the motherlode for the small London-listed explorer.
CEO Michael Foster said the review ”provides further strong evidence that Kavango is on target for a major base metal discovery.”
Now Kavango will confirm its highest-priority targets for the next phase of field exploration, with ground-based EM surveys starting before the end of the year. Drill target selection and the first drill programme is scheduled for early 2021.
This new intelligence on the highly prospective Kalahari Suture Zone lit a fire under the company’s share price on Friday. The stock surged 16.45% on the news. But insiders believe the impact of the dramatic data has yet to be fully felt.
3D modelling results released in September confirmed “significant similarities” between the northern section of the KSZ and the gigantic Norilsk mining centre in Siberia.
The Karoo-age gabbro horizontal sills and vertical dykes here bear a remarkable resemblance to those containing large, rich deposits of copper, nickel and Platinum Group Metals (PGMs) under Norilsk. And because they lie just 400m under the surface, it makes them extremely promising exploration targets.
Norilsk, by the way, is one of the world’s most profitable mines. It produces 55% of Russia’s supply of copper, 90% of its nickel and virtually all of its PGMs.
Now this new data further supports the conclusion that Kavango has a Norilsk-style resource on its hands.
Kavango has confirmed conditions were right about 180 million ago in the Kalahari Suture Zone to create highly concentrated pools of super valuable and sought-after base metals, such as nickel and copper.
It’s hard to overestimate what this could do to a £6m market cap company. Some commentators are calling this the best opportunity on AIM today.
Kavango’s supporters see a nearly 400% rise in market cap since May as just the beginning of a long upward trend, with material upside in play here.
With this confirmed data in hand Kavango can move to exploit this virgin territory, 12 licences stretching nearly 7,000km2 across the southwest of mining-friendly Botswana.
Under the Kalahari sands lie vast rock formation (see image, marked in red) where huge pools of molten metal could have been trapped over time.
This is a territory that has never been explored. Results from Kavango’s three years of field work and laboratory testing have consistently pointed to a Norilsk-size Nickel project. Now the company has the analysis that seems to conclude it.
Massive sulphides
Kavango’s geoscientists have long tipped the Kalahari Suture Zone as home to massive metal sulphide deposits within the earth’s crust. But no mining company has ever moved to exploit these pools, lacking the i
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