Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
https://ukinvestormagazine.co.uk/marks-and-spencer-halfords-and-wetherspoons-with-alan-green/
Hi ncain83
I understand how you are reading into the floatations but POW have clearly stated that a holding(which could be shares taken) are a percentage of the company kept in POW. If a company is floated on a asset, POW could keep a percentage/holding of that asset,and raise the funds on floating a percentage of the asset that is my reading into it.
We will just have to wait and see!
Stout
A very encouraging sign. A reading of 65,535 CPS is the maximum reading this scintillometer is capable of handling and is indicative of very radioactive rocks. A representative rock was sampled from this outcrop for lab analysis.
Outcrop sampled during the work programme on our Tait Hill Property. All rock samples will be sent to the lab for analysis, but this outcrop yielded a scintillometer reading of > 45,000 counts per second and was logged as having a yellow uranium bearing mineral and pitchblende.
Thu, 28th Oct 2021 07:00
RNS Number : 4997Q
Kavango Resources PLC
28 October 2021
PRESS RELEASE
28 October 2021
KAVANGO RESOURCES PLC
("Kavango" or "the Company")
KCB: EMP Awarded & Operational Update
Kavango Resources plc (LSE:KAV), the exploration company targeting the discovery of world-class mineral deposits in Botswana, is pleased to announce the Company has been awarded an Environmental Management Plan that covers all of its Prospecting Licences ("PLs") in the Kalahari Copper Belt (the "KCB"). These interests include PLs held within the Kanye Resources Joint Venture ("JV") and the LVR JV.
Highlights
Ø Environmental Management Plan awarded
- EMP covers all the Company's Prospecting Licences ("PLs") in the KCB
- EMP valid for 2 years
Ø Final phase of field exploration underway, towards initial target selection
- Re-logging of data from historic drill holes
- Ground magnetic survey underway on the southern limb of the Acacia target, in the South Ghanzi Project (part of Kanye Resources)
- Work underway to optimise future soil-sampling programmes, to account for changing ground conditions across the Company's PLs
- Initial drill strategy being finalised
Ben Turney, Chief Executive Officer of Kavango Resources, commented:
"We would like to thank the Department of Environmental Affairs for the award of our Environmental Management Plan in the Kalahari Copper Belt. This is an important next step for the Company.
As operator of 12 prospecting licences, which cover over 6,300km2 of prospective ground for possible major copper/silver deposits, Kavango is now permitted to conduct drilling operations here for the next two years.
Our primary focus is currently on the promising Acacia target in the South Ghanzi Project. Work is ongoing on Acacia to optimise target definition, to maximise our chances of success.
This is a critical period for Kavango and we eagerly anticipate the next phase of exploration."
Kavango's interests in the KCB
Kavango's PLs in the KCB include:
The Kanye Resources JV
Ø 50% working interests in 10 prospecting licenses held in a Joint Venture with Power Metal Resources (LSE:POW), which cover 4,257km2. Kavango is operator.
The LVR JV
Ø Earning in a 90% interest in prospecting licenses PL082/2018 & PL 083/2018, held in a Joint Venture with LVR GeoExplorers (Pty) Ltd ("LVR"), which cover 1,091km2. Kavango currently owns 25% of the LCR JV. Kavango is operator.
KCB Operational Update
Kavango has commenced a ground magnetic survey of the southern limb of the Acacia target (the "Ground Survey"), in the South Ghanzi Project (part of Kanye Resources). This survey will help tighten the Company's interpretation of the electromagnetic ("EM") data it acquired from the airborne surveys flown in the spring.
The Ground Survey will be conducted over a 14km by 4.5km block and will cover 676.5 line kilometers, including 634.5km of traverse lines and 42km
It's a waiting game until Monday morning IMO
Have a good weekend all!
Stout