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Kavango Resources (KAV) Share News

IN BRIEF: Kavango finds potentially mineralised zones at Hillside

22nd Apr 2024 15:49

Kavango Resources PLC - Botswana and Zimbabwe-focused exploration company - Finds up to five potentially mineralised shear zones identified from an induced polarisation survey at its Hillside gold project in Zimbabwe. Two of the zones identified from the IP survey coincide with a series of parallel artisanal workings. Adds that three additional shear zones have been interpreted under slightly thicker cover and remain undiscovered. Chief Executive Officer Ben Turney says: "We are looking forward to testing the bulk-minable gold potential at prospect 4. The possible presence of four parallel, gold-bearing shear zones makes this an increasingly attractive exploration target." Read More

Kavango Resources announces drill tender for drilling at Karakubis

19th Apr 2024 11:24

(Alliance News) - Kavango Resources PLC on Friday said that it is tendering for the first phase of scope drilling on the Kalahari copper belt at its Karakubis project in Botswana. Read More

IN BRIEF: Kavango Resources loss widens; eyes Kalahari drilling start

18th Apr 2024 14:38

Kavango Resources PLC - Botswana and Zimbabwe-focused exploration company - Pretax loss widens 49% to USD3.3 million in 2023, from USD2.2 million in 2022. Notably, Kavango reports pre-licence exploration costs of USD1.2 million for 2023, compared to none a year prior. Administrative cost decrease 7.0% to USD2.1 million from USD2.2 million. The company is in a pre-revenue state so far. Kavango expects to start drilling at Kalahari copper belt project in Botswana in the middle of the second quarter of 2024. Notes that in March it signed its first contract to start immediate gold mining operations at the Hillside project in Zimbabwe. Read More

EARNINGS AND TRADING: AssetCo deputy retiring, Chapel Down ups revenue

16th Apr 2024 20:34

(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News: Read More

IN BRIEF: Kavango celebrates drilling results at Hillside, Zimbabwe

15th Apr 2024 11:01

Kavango Resources PLC on Monday said - London-based, Southern Africa-focused metals exploration company - Finds 29.08 grammes of gold per tonne at the Hillside Prospect 4 gold asset in Matabeleland, southern Zimbabwe after drilling SKDD001 hole. Says hole contains multiple further broad zones of geochemically anomalous gold values thought to relate to additional shear zones. Results are pending on four other holes drilled across three other Hillside prospects, it adds. Kavango will also examine near surface gold mining potential at prospect 4, based on intersected grades and ongoing artisanal mining in the area. Chief Executive Officer Ben Turney says: "This result far surpasses our expectations at prospect 4. Prospect 4 is our fourth-ranked target at Hillside. These results underline the Hillside project's overall potential to host over [one] million ounces of mineable gold." Read More

IN BRIEF: Kavango completes magentic survey at Nara project, Zimbabwe

12th Apr 2024 10:30

Kavango Resources PLC - London-based, Southern Africa-focused metals exploration company - Completes ground magnetic survey on Nara gold project in Zimbabwe. Says it has identified magnetic low lineaments interpreted as shear zones. Shear zones are commonly associated with gold mineralisation, it explains, adding this discovery will lead to a follow-up survey. Chief Executive Ben Turney says: "We've mobilised the rig to our Nara Project in March and have just completed our fifth diamond hole here. We will provide an update on drilling in the coming weeks but based on visual observations of core we decided to push ahead with a ground magnetic survey of the project area. Our goal was to learn more about the structure we are drill testing." This comes after Kavango on Thursday said that it had received authorisation to export drill core samples from the Hillside project, also in Zimbabwe. Read More

Kavango Resources gets approval to export Zimbabwe test samples

11th Apr 2024 09:46

(Alliance News) - Kavango Resources PLC on Thursday said that it has received authorisation to export drill core samples from the Hillside gold project in Zimbabwe. Read More

TRADING UPDATES: Ground Rents refinances; ECR Minerals loss narrows

2nd Apr 2024 16:27

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News: Read More

Kavango Resources completes airborne survey of Bostwana copper asset

22nd Mar 2024 12:03

(Alliance News) - Kavango Resources PLC on Friday announced the completion of the final geological survey of its property in Botswana's Kalahari copper belt. Read More

IN BRIEF: Kavango rises as eyes revenue from Zimbabwe mining arm

8th Mar 2024 10:41

Kavango Resources PLC - Southern Africa-focused metals explorer - Announces that it expects to move to revenue in March, adding that it aims to double current production to one kilogram of gold a month over the course of 2024. Kavango also announces that it has signed its first contract to start immediate gold mining operations at its Hillside project in Zimbabwe. Also says that it has formed a new subsidiary in Zimbabwe, Kavango Mining Ltd. Chief Executive Ben Turney says: "Current revenue at Hillside amounts to around AUD30,000 per month, and the operation there is already profitable. Continuous production at Zimbabwe gold projects secures the ground and forms an important part of any long-term development plan. Our objective is to become a significant gold producer in this country, and this is our first step towards achieving this goal. If all goes well, there are other production opportunities we hope to bring to Kavango." Read More

IN BRIEF: Kavango touts indicated gold at Nara project in Zimbabwe

6th Mar 2024 16:16

Kavango Resources PLC - Southern Africa-focused metals explorer - Reports indicated mineral resource at an average of 0.62 grammes of gold per tonne at the Nara gold project in Zimbabwe, for a total of 5,860 ounces gold contained. Further, notes an inferred resource of 11,900 tonnes at 0.66 grammes of gold per tonne for a total of 253 ounces. Chief Executive Officer Ben Turney says: "While our primary objective is to discover larger-scale, bulk minable gold deposits, the 6,000 ounces of gold in the main tailings dump present an early opportunity for commercialising this project." He adds: "We will now commence metallurgical test work to optimise plant design to enable future gold production." Read More

IN BRIEF: Kavango begins IP surveys at Hillside project, Zimbabwe

23rd Feb 2024 11:00

Kavango Resources PLC - Southern Africa-focused metals explorer - Says it has begun its IP surveys over four prospects at its Hillside gold project in Zimbabwe. Says the surveys are designed to identify sulphide bodies associated with high-grade gold-bearing shear structures related to historic and artisanal workings. Adds that four diamond core holes have been completed for a total of 1,306 metres at four prospects at Hillside, noting that visual observations from the cores are "encouraging". The samples are awaiting export permission for assay testing. An additional 1,400m of diamond drilling is planned to test targets identified by the current IP survey programme and extend intersections observed in recent drilling. Chief Executive Officer Ben Turney says: "IP surveys can be used to map underground metal mineralisation that is associated with gold. This can be a powerful exploration tool to plot the extent of possible ore bodies. The extra IP data will help guide future drilling, by providing Kavango with focused target areas." Read More

TRADING UPDATES: Microsaic completes acquisition; Narf revenue soars

25th Jan 2024 20:09

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News: Read More

IN BRIEF: Kavango agrees call option extension for Hillside project

23rd Jan 2024 18:43

Kavango Resources PLC - Southern Africa-focused metals explorer - Agrees with sellers of Hillside project in Zimbabwe to extend the period for exercise of the option by 90 days. Parties entered original agreement on July 25 with an initial six-month term, with expiration on Wednesday. Read More

TRADING UPDATES: Patent boosts for DG Innovate and Arecor Therapeutics

18th Jan 2024 18:26

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News: Read More

TRADING UPDATES: Aura eyes Tiris expansion; Kavango backs Pambili

29th Nov 2023 18:07

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and Tuesday and not separately reported by Alliance News: Read More

IN BRIEF: Kavango rises on prospect licences acquisition in Botswana

16th Nov 2023 12:27

Kavango Resources PLC - Metals exploration company with assets in Botswana and Zimbabwe - Acquires a 90% working interest in six prospective licences in Botswana's Kalahari copper belt for AUD1.5 million, or around GBP784,515, from Global Exploration Technologies (Pty) Ltd. Says it will pay GET two further instalments of AUD500,000 within 90 days and 180 days of the acquisition's completion. Says purchase provides Kavango with an extensive single contiguous project area in the Kalahari copper belt which covers 7,629 square kilometres. Chief Executive Officer Ben Turney comments: "These new licences grant us complete control of a contiguous, prospective system in an underexplored section of the KCB, a proven copper/silver region that hosts numerous mines and deposits." Read More

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