Home » Kavango Resources (KAV)

Category Archives: Kavango Resources (KAV)

Kavango Resources #KAV – KSZ Hukuntsi Proof of Concept drilling commences

Kavango Resources plc (LSE:KAV), the exploration company targeting the discovery of world-class mineral deposits in Botswana, is pleased to announce that drilling has commenced on Target A2 (“A2”) in the northern (Hukuntsi) section of the Kalahari Suture Zone (“KSZ”).

The goal of this geological borehole is to retrieve core samples from the bottom of the “Norilsk style keel” at A2. The Company’s hope is that assay and other analysis of said rock samples will result in “proof of concept” that the Karoo-age gabbros in the KSZ have the potential to host magmatic sulphide ore bodies.

The target depth at A2 is currently estimated to be 500m.

On completion of drilling operations at A2, Kavango’s drill partners (Equity Drilling Ltd and Mindea Exploration and Drilling Services (Pty) Ltd) will immediately mobilise the rig to Target C1 (“C1”), 11km away. The Company believes A2 and C1 are on the same geological corridor.

Following completion of drilling at C1, the rig will then mobilise to Target B1 (“B1”). Plans for this hole are currently being finalised and the Company will provide an update in due course.

Kavango estimates A2’s properties are:

–    The target is 1km in length and is open along strike

–    It extends between 250m to 700m below surface and is gently dipping

–    A decay constant of approximately 340msec and conductance of approximately 3000 Siemens, readings   which Kavango management considers are consistent with nickel sulphide deposits elsewhere in the world

–    Located in the right geological setting, at the bottom of a “keel” in the gabbroic intrusion, according to the Company’s Magnetic 3D-Model (announced 8 September 2020)

Ben Turney, Chief Executive Officer of Kavango Resources, commented:

“Years of hard work and dedication have brought us to this point. We could now be on the cusp of achieving something truly great. It can be difficult to communicate in an RNS quite how much effort and creative energy goes into a project like the Kalahari Suture Zone.

The going hasn’t been easy, but everyone has stuck with it, often making great sacrifices along the way. I am immensely proud of our team. If anyone has ever deserved success in field exploration, it is the people who have given so much to Kavango.

With the drill bit now turning at A2, we should soon hopefully become the first company ever to retrieve core samples from the bottom of a Karoo-age gabbro in the region.

We have great confidence in Equity Drilling and Mindea to drill boreholes that will enable us to realise this ambition. The focussed planning that has gone into our drill campaign has been exceptional. Safety and security standards are international quality and the engineering design is robust.

Obviously this is a business where there can be no guarantees, but everything possible has been done to minimise our operational risks. The next few months promise to be incredibly exciting.”

Primary objective of the current KSZ drill campaign

Kavango’s primary objective is to become the first company ever to retrieve drill core from the bottom of the “keels” of the Karoo-age gabbros in the KSZ. The Company anticipates that drill-core from these holes will provide firm physical evidence of the KSZ’s potential to host ‘Norilsk-style’ metal sulphide deposits.

About Mindea

Mindea Exploration and Drilling Services (Pty) LTD was formed in September 2019 by Equity Drilling Limited and Maureen Mokgaotsane (Geologist), Sebanka Lobatlamang (Geologist) and Eddie Babuseng (Attorney at Law) to provide complete exploration solutions to its clients in Botswana.

Mindea is currently operated under the Botswana Citizen Economic Empowerment Policy and is owned 51% by local shareholders and 49% by Equity Drilling. Over the coming years it is expected that Botswana nationals will wholly own Mindea, with Equity Drilling continuing to provide strategic and technical support.

Mindea operates to strict international safety standards and deploys the latest equipment to its projects. Mindea is rigorous in its planning and site preparation.

Reflecting the quality of its operations, Mindea has recently been awarded a 3-year contract by Debswana to drill various national projects in Botswana. In addition to this, Mindea is a regular drill contractor for DeBeers.

About Equity Drilling

The owners of Equity Drilling are extremely experienced drill operators, with extensive experience of successfully working on technically challenging projects across Africa.

Equity Drilling established Africa’s first Drilling School in Botswana, the Africa Mining and Drilling Institute (“AMDI “)

AMDI is Botswana Qualifications Authority (BQA) certified, which offers internationally recognised certification to all students wishing to be taught exploration drilling. AMDI has an exclusive working relationship agreement in place with the Australian Drilling Industry Association (the “ADIA”) and offer the ADIA’s DICAT curriculum with a strong emphasis on safety in the workplace.

AMDI also offers funds the delivery of pre-industry courses to students from local communities, who have had no previous work experience. This course prepares students for the work place and making them eligible for placement into the industry on graduation. Mindea’s own labour resources have been drawn from these pre-industry course graduates

About Target A2

Kavango estimates Target A2’s properties are:

–    1km length, which is open along strike

–    Extends between 250m to 700m below surface and is gently dipping

–    Decay constant of approximately 340msec and conductance of approximately 3000 Siemens, readings   which Kavango management considers are consistent with nickel sulphide deposits elsewhere in the world

–    Located in the right geological setting, at the bottom of a “keel” in the gabbroic intrusion, according to the Company’s Magnetic 3D-Model (8 September 2020)

————————————————————————————————————–

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

For additional information please contact:

Kavango Resources plc  

Ben Turney

bturney@kavangoresources.com

First Equity (Joint Broker)

+44 207 374 2212

Jason Robertson             

SI Capital Limited (Joint Broker)      

+44 1483 413500

Nick Emerson

Kavango Competent Person Statement

The information in this press release that relates to “geological and/or geophysical results” for the LVR Project is based on information compiled or reviewed by Mr Mike Moles BSc (Geology) & BSocSci (African Studies), a competent person who is a Member of the Australian Institute of Mining & Metallurgy. Mr Moles has sufficient experience that is relevant to the style of mineralisation and type of deposits under consideration and to the activity, which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Mr Moles consents to the inclusion in this release of the exploration results for the Project in the form and context in which it appears. Mr Moles is a beneficial shareholder of Kavango Resources plc.

Note to Editors:

THE KALAHARI SUTURE ZONE

Kavango’s 100% subsidiary in Botswana, Kavango Minerals (Pty) Ltd, is the holder of 14 prospecting licences covering 7,573.1km2 of ground, including 12 licences over a significant portion of the 450km long KSZ magnetic anomaly in the southwest of the country along which Kavango is exploring for Copper-Nickel-PGM rich sulphide ore bodies. This large area, which is entirely covered by Cretaceous and post-Cretaceous Kalahari Sediments, has not previously been explored using modern techniques.

The area covered by Kavango’s KSZ licences displays a geological setting with distinct similarities to that hosting World Class magmatic sulphide deposits such as those at Norilsk (Siberia) and Voisey’s Bay (Canada).

The Norilsk mining centre is about 2,800km northeast of Moscow and accounts for 90% of Russia’s nickel reserves, 55% of its copper and virtually all of its PGMs. Kavango’s licenses in the KSZ display a geological setting with distinct geological similarities to the magmatic sulphide deposits at Norilsk. Magma plumbing systems are a key feature of these deposits.

KSZ DEFINITIONS

EM Super Conductors: are bodies of highly conductive minerals such as graphite, magnetite and metal sulphides, which conduct electricity very rapidly provided the mineral grains are in contact with each other.

Gabbro/gabbroic: A coarse grained, medium to dark coloured rock, formed from the intrusion of mantle derived molten magma into the earth’s crust. Gabbroic rocks (or “gabbros”) are formed as the molten magma crystallizes and cools.

Gabbroic sills: Relatively thin, planar, horizontal bodies of solidified gabbroic magma that intruded into layers of sedimentary rock whilst still molten.

Karoo: The Karoo System covers 1.5 million km2 of the semi-desert region of Southern Africa. Rocks in this system formed 180-310 million years ago.

Massive sulphide: When a deposit consists almost entirely of sulphides it is termed “massive”. When it consists of grains or crystals of sulphide in a matrix of silicate minerals, it is termed “disseminated”.

Metal/Magmatic sulphide: Deposits of sulphide mineral concentrations in mafic and ultramafic rocks, derived from immiscible sulphide liquids. To view a video of how metal/magmatic sulphides form please visit –

https://twitter.com/KavangoRes/status/1316004057895645186?s=20

Norilsk Style: Means copper/nickel/PGE mineralisation associated with the intrusion into the upper parts of the Earth’s crust of mafic magma, which form magma chambers that sit below volcanic vents or fissures that extrude basaltic lava onto the surface (Hawaii is a possible modern equivalent). The Norilsk intrusions tend to have distinct morphologies, combining thin gabbro sills (wings) with deep keels (thought to be associated with feeder dykes) at the base.

Norilsk Model:  Means a genetic geological model similar to that pertaining to the Norilsk/Talnakh deposits in Siberia. Traditionally, it was thought that, during emplacement, the magma incorporated sulphur rich country rock (e.g. coal measures) or evaporites into the melt, which allowed the molten magma to become sulphur saturated. The free sulphur would then combine, preferentially, with Cu/Ni/PGE metal ions to form metal sulphides, which, being heavy, tended to accumulate in traps or into the keel of the magma chamber. However, modern research suggests that the process might be more complex and may also involve changes of the chemical and physical properties of the magma during the introduction of new pulses of molten material from below. Such sudden changes may have caused rapid segregation of metal sulphides within and above the feeder dykes within the keel of the intrusion.

Sulphide mineralisation: If there is sufficient sulphur in the molten magma, it will tend to combine with metals (Cu, Zn, Ni, Co, Pb, PGEs etc.) to form metal sulphide complexes, which may coalesce to form massive sulphide deposits. If the melt is sulphide poor, the metals will be taken up into the silicate minerals that form as the magma cools and will not usually form economic deposits.

Kavango Resources #KAV – KCB: South Ghanzi – 18km long open target at Morula

Kavango Resources plc (LSE:KAV), the exploration company targeting the discovery of world-class mineral deposits in Botswana, is pleased to announce further encouraging soil sampling results from PL 036/2020 (“South Ghanzi Project”) in the Kalahari Copper Belt (“KCB”).

150km of soil sampling lines have now been completed over the Acacia and Morula targets on the South Ghanzi Project. Morula is now estimated to be at least 18km long (up from 12km previously announced) and between 800m and 2.4km in width. The anomaly remains open along strike in both directions.

In addition to this, a third sub-parallel geochemical anomaly has been identified immediately to the south of Morula. This target (designated name “Happy”) appears to be at least 5km long and 700m wide.

Promising, in-soil copper readings have been recorded on all three targets (Acacia, Morula and Happy).

The South Ghanzi Project is held in a 50/50 Joint Venture with Power Metal Resources plc (LSE:POW) (“Power Metal”). Kavango is the operator.

Highlights

Ø Extension of infill soil sampling

–  Additional infill soil sampling lines extended from 5.5km to 11km

–  Longer lines led to the identification of the Happy Target.

–  Total of 150km of soil sampling lines now complete over Acacia, Morula and Happy

–  2,105 soil samples taken

–  1,199 samples returned copper in soil readings >30ppm

–  1,050 samples returned zinc in soil readings >29ppm (zinc is a “pathfinder” element for sedimentary hosted Copper-Silver deposits)

Ø 11 additional sample lines over Morula have confirmed:

–  The target is at least 18km in length

–  Width varies from 800m to 2.4km

–  Open along strike in both directions

–  63 highly anomalous copper readings >45ppm, with 5 results >62ppm

–  Zinc in soils correlates closely with copper readings, including 95 highly anomalous zinc readings of >71ppm Zinc including 9 results >91ppm

–  The clearly defined mineralised system appears to follow a large regional fault/shear zone

Ø New copper/zinc in soils anomaly identified as the Happy Target:

–  5km long and 700m wide

–  Soil sampling returned readings with significant concentrations of copper including 33 samples between 35ppm to 57ppm, and 28 samples assaying between 71ppm to 86ppm zinc.

Ø Next steps

–  Induced Polarization (IP) and Audio-frequency  Magnetotellurics (AMT) surveys planned to define drill targets

–  Further soil sampling on Acacia, Morula, Happy and other targets in the South Ghanzi Project

Ben Turney, Chief Executive Officer of Kavango Resources, commented:

“Morula is big. The maps we will publish on our website of the soil sampling result paint a compelling visual picture, but we remain grounded at this stage.

As exciting as the development of Morula is, we will only ever be able to prove if there is an economic resource there by drilling. We expect the Environmental Management Plan to be awarded in the very near future. At that point we can finalise plans for mobilising a rig to the South Ghanzi Project.

I would like to thank our team in the Kalahari Copper Belt for their dedication, their creativity and their ambition. The decision to double the length of the soil sampling lines appears to have paid off, with the identification of the Happy Target.

With the additional funds we recently raised, Kavango can now plan confidently for much more extensive exploration in the field, including accelerated drilling as soon as we are able.”

 

Background to Targets Morula and Acacia

Ø The Acacia Target is a 4km x 4km conductor on the northern boundary of PL 036/2020

–  Situated within a fold “nose”, which is plunging southwest

–  Lies just above the D’Kar – Ngwako Pan contact zone.

–  Made up of at least 4 individual pods, which emit strong EM readings.

–  Soil geochemistry directly over the anomaly demonstrates highly elevated levels of copper (>42ppm) and zinc (>75ppm).

–  Considered to be the highest priority drill target until the Morula Target was identified.

–  Zinc is a key pathfinder element for the discovery of major copper/silver deposits within the KCB

Ø The Morula Target is estimated to be between 800m and 2.4km wide with at least 18km of strike on a south-westerly trend along the central backbone of PL 036.

–  Discovered by extending soil sampling lines south of the Acacia Target and supported by a well-defined AEM linear conductor.

–  Geological mapping, the AEM data and the soil geochemistry suggest this target represents the mineralised sheared (and possibly thrust faulted) southern limb of the “Acacia” fold.

–  It appears to be a linear zone of deformed rocks, lying where the syncline (between 2 anticlines) should be located.

–  Initially, seven 4km long soil sample lines (500m apart with 100m spaced samples) were completed, with four intersecting the southwest and three intersecting the northeast parts of Morula. The two groups of soil sample lines were 7km apart.

–  This was followed by four 4km long infill soil sample lines (1km apart with 100m sample intervals) to close the gap

–  All soil sample lines returned readings with significant concentrations of copper (35ppm to 62ppm) and zinc (59ppm to 111ppm) confirming the continuity of the geochemical anomaly over a strike of 18km.

–  AEM profiles suggest that the depth of mineralisation is relatively shallow such that initial drilling depths would be less than 200m.

Ø The Happy Target is estimated to be between 700m and 2.4km wide with 5km of strike sub-parallel to Morula.

–  Discovered by extending soil sampling lines south of the Morula Target

–  Soil sampling returned readings with significant concentrations of copper including 33 samples between 35ppm to 57ppm, and 28 samples assaying between 71ppm to 86ppm zinc.

The POW/KAV Joint Venture

The South Ghanzi PLs are held in the name of Kavango and are subject to a JV Agreement in which each company holds a 50% interest via Kanye Resources plc. Exploration costs are equally shared. Kavango is the operator. Application has been made to transfer the PLs into a recently established Botswana JV company, Kanye Resources (Pty) Ltd. There are plans to IPO Kanye Resources plc on a recognised stock exchange.

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

For further information please contact:

Kavango Resources plc   

Ben Turney

bturney@kavangoresources.com  

  First Equity (Joint Broker)

+44 207 374 2212

Jason Robertson 

SI Capital Limited (Joint Broker) 

+44 1483 413500

Nick Emerson

Kavango Competent Person Statement

The technical information contained in this announcement has been read and approved by Mr Mike Moles (BSc (Geology) & BSocSci (African Studies), who is a Member of the Australian Institute of Mining & Metallurgy (MAusIMM) and has sufficient experience that is relevant to the style of mineralisation and type of deposits under consideration to qualify as a Competent Person as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Mr Moles is a beneficial shareholder of Kavango Resources plc.

Kavango Resources #KAV Raises £31,250 in warrant exercise

Exercise of Warrants

Kavango announces it has received notices to exercise warrants over 1,250,000 new ordinary shares of 0.001 each in the Company (the “Warrant Shares”).

The Warrant Shares are being issued pursuant to the exercise of warrants granted on 1 December 2020.  Subscription monies of £31,250.00 have been received by Kavango in respect of these exercises.

Admission and Total Voting Rights

Application will be made for the Warrant Shares to be admitted to the Standard List segment of the Official List and to trading on the main market of the London Stock Exchange plc (“Admission”).  It is expected that Admission will become effective and that dealings in the Warrant Shares will commence at 8.00am on or around 20 July 2021.

Following Admission, the total issued share capital of the Company will consist of 366,568,048 Ordinary Shares. Therefore, the total number of voting rights in the Company following Admission on or around 20 July will be 366,568,048. This figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest, in the share capital of the Company. 

On 5 July 2021 the Company announced the successful Placing of 35,272,727 Ordinary Shares, and on 6 July 2021 announced Director Subscriptions for 1,090,911 New Ordinary Shares. Following admission of the Placing and Director Subscription shares on or around 2 August 2021, the total issued share capital of the Company will consist of 402,931,686 Ordinary Shares. An updated Total Voting Rights announcement will be made by the Company following admission, in accordance with the requirements of DTR 5.6.

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. 

For further information please contact:

Kavango Resources plc   

Michael Foster

mfoster@kavangoresources.com

First Equity (Joint Broker)

+44 207 374 2212

Jason Robertson 

SI Capital Limited (Joint Broker) 

+44 1483 413500

Nick Emerson

Kavango Resources #KAV – Exercise of Warrants and Total Voting Rights

Exercise of Warrants

Kavango announces it has received notices to exercise warrants over 250,000 new ordinary shares of 0.001 each in the Company (the “Warrant Shares”).

The Warrant Shares are being issued pursuant to the exercise of warrants granted on 1 December 2020.  Subscription monies of  £10,625.00 have been received by Kavango in respect of these exercises.

Admission and Total Voting Rights

Application will be made for the Warrant Shares to be admitted to the Standard List segment of the Official List and to trading on the main market of the London Stock Exchange plc (“Admission”).  It is expected that Admission will become effective and that dealings in the Warrant Shares will commence at 8.00am on or around 15 July 2021.

Following Admission, the total issued share capital of the Company will consist of 365,318,048 Ordinary Shares. Therefore, the total number of voting rights in the Company following Admission on or around 15 July will be 364,204,412. This figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest, in the share capital of the Company. 

On 5 July 2021 the Company announced the successful Placing of 35,272,727 Ordinary Shares, and on 6 July 2021 announced Director Subscriptions for 1,090,911 New Ordinary Shares. Following admission of the Placing and Director Subscription shares on or around 2 August 2021, the total issued share capital of the Company will consist of 401,681,686 Ordinary Shares. An updated Total Voting Rights announcement will be made by the Company following admission, in accordance with the requirements of DTR 5.6.

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.

 

For further information please contact:

Kavango Resources plc   

Michael Foster

mfoster@kavangoresources.com

 

First Equity (Joint Broker)
+44 207 374 2212
Jason Robertson 

 

SI Capital Limited (Joint Broker) 

+44 1483 413500

Nick Emerson

Alan Green talks markets, Ocado #OCDO, Kavango Resources #KAV and Watches of Switzerland #WOSG on UK Investor Magazine podcast

Alan Green joins the UK Investor Magazine Podcast as we digest the latest update from the UK government on the reopening and removal of COVID-19 restrictions.

With all UK restrictions set to be removed 19th July we explore what it could mean for markets and UK shares. On the announcement of the vaccine last year we saw a ‘buy everything’ move in stock markets that then evolved into value vs growth stock allocation.

We explore whether it is now becoming a stock pickers market and look at some of the stock specific stories moving prices including Morrisons and Ocado.

Morrisons is the middle of a takeover frenzy as Private Equity eyes up the grocer’s property portfolio.

We discuss Ocado (LON:OCDO), Kavango Resources (LON:KAV) and Watches of Switzerland (LON:WOSG).

Kavango Resources #KAV – Director Subscriptions

Kavango Resources plc (LSE:KAV), the exploration company targeting the discovery of world-class mineral deposits in Botswana, is pleased to announce that Ben Turney and Mike Moles, directors of the Company, have participated in a subscription for 1,090,911 New Ordinary Shares in the Company on the same terms at the placing announced on Monday 5 July raising gross funds of £60,000.

This takes the total gross funds raised by the Company in the Placing and Director Subscriptions to £2,000,000.

The Director Subscription

Ben Turney has subscribed for 727,274 New Ordinary Shares in the Company (363,637 in his name and 363,637 through Dynamic Investor Relations, a private company that Mr Turney owns 70% of).

Mike Moles has subscribed for 363,637 shares.

In total Mr Turney and Mr Moles have subscribed for a combined 1,090,911 New Ordinary Shares (the “Director Subscription Shares”).

Each New Ordinary Share has, on a one-for-one basis, a warrant attached exercisable at 8.5p for a term of 24 months from the date of issue, which is subject to an acceleration clause whereby should the Company’s shares close above 17p for more than 5 trading days, the Company may at any time write to the warrant holders providing 10 working days’ notice of accelerated exercise, with 10 workings day thereafter for payment.

Admission and Total Voting Rights

Application will be made for the Director Subscription Shares to be admitted to the Standard List segment of the Official List and to trading on the main market of the London Stock Exchange plc (“Admission”).  It is expected that Admission will become effective and that dealings in the Placing Shares will commence at 8.00am on or around Monday 02 August 2021.

Following Admission, the total issued share capital of the Company will consist of 401,431,686 Ordinary Shares. Therefore, the total number of voting rights in the Company is 401,431,686 and this figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest, in the share capital of the Company.

———————————————————————–

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.

For additional information please contact:

Kavango Resources plc   

Ben Turney

bturney@kavangoresources.com

+46 7697 406 06

First Equity (Joint Broker)

+44 207 374 2212

Jason Robertson 

SI Capital Limited (Joint Broker) 

+44 1483 413500

Nick Emerson

Kavango Resources #KAV – Expansion of drilling, KSZ ops update and Placing

Kavango Resources plc (LSE:KAV), the exploration company targeting the discovery of world-class mineral deposits in Botswana, is pleased to announce an expansion to the Company’s current drill programme in the Kalahari Suture Zone (“KSZ”), an operational update on the KSZ and a £1.94 million Placing.

Highlights

Ø Expansion to drilling programme:

–  A 550m borehole to be drilled through Target B1, following completion of operations at Targets A2 & C1 (announced 10 June 2021)

–  Target B1 is 475m by 550m, with a conductance of approximately 8,200Siemens and decay constant estimated to be in excess of 350ms

–  B1 is in a separate, distinct geological setting to the A-C corridor (announced 15 June 2021)

–  Spectral Geophysics Ltd (“Spectral”) to perform immediate down hole electromagnetic (“EM”) surveys on each borehole on completion.

Ø Time Domain Electromagnetic (“TDEM”) survey update:

–  Six Target Areas surveyed by Spectral

–  Drill targets identified in Target Areas A2, C1 and B1

–  No targets in Target Areas A1 and D

–  Ongoing data analysis of Target Area B2

–  Two further TDEM surveys planned in Target Area B, with one targeting Target B1.

Ø Strategic partnership discussions with Equity Drilling Ltd (“Equity Drilling”):

–  Equity Drilling is owned and run by highly experienced African drill operators

–  Kavango is in discussions with Equity Drilling concerning the formation of a strategic drilling partnership

–  Kavango is considering a number of options, including (but not limited to) the possible acquisition of two drill rigs and support vehicles to act as a dedicated team across the Company’s portfolio of projects

–  Any strategic partnership will be subject to due diligence and will likely be structured to involve payments in cash and shares

–  Further announcement to be made in due course.

Ø Placing:

–  35,272,727 New Ordinary Shares (the “Placing Shares”) have been placed by First Equity Limited (“First Equity”), on behalf of the Company with institutional and other investors (the “Placing”)

–  The Placing has been conducted at a price of 5.5p

–  A one-for-one warrant has been issued to all placing participants, exercisable at 8.5p per share for a period of two years (the “Warrants”)

–  The Warrants are subject to an acceleration clause, whereby if the Company’s shares close above 17p for 5 trading days, the Company may write to warrant holders at any time providing 10 working days’ notice of accelerated exercise, with 10 working days thereafter for payment

–  The Company has raised gross funds of £1.94million

–  Certain of the Directors intend to subscribe for shares on the same terms as the Placing.

Ben Turney, Chief Executive Officer of Kavango Resources, commented:

“Exploration results this year, across all our projects, have consistently surpassed our expectations. This culminated in Friday’s two announcements concerning the identification of Target B1 in the KSZ and seven drill targets at Ditau.

We are especially encouraged by the results of the TDEM surveys in the KSZ. While the conductance of targets A2, C1 and B1 appears to suggest they fall within the range of massive sulphides, we take a high degree of comfort from the “negative” results of A1 and D1. The fact that the TDEM surveys have selectively identified EM conductors gives us confidence we are using the right remote sensing technology to define specific drill targets.

While we must remain measured in our response to these upbeat developments, we must also make sure we are prepared for one or more positive drill results.

Although Kavango is already well financed, our budget was built around a specific work programme. We had planned for a certain amount of drilling in 2021, as we pursued our objective of “proof of concept” in the KSZ. However, it became clear to the board in recent weeks that our projects require much more extensive campaigns.

 As a result we have advanced our discussions with Equity Drilling about instigating much larger drill programmes, to respond to the rapid progress we are making in the field.

In anticipation of increasing our drill activity, we completed this weekend’s financing at a minimal discount and an excellent price. This reflects the strength of our position.

With our general overheads already budgeted for, Kavango will now deploy the new funds into pursuing our ambition of making one or more major mineral discoveries.”

Target B1

Designated Target B1 (“B1”), the conductive anomaly is 475m by 550m with a conductance of approximately 8,200Siemens. The decay constant is estimated to be in excess of 350ms.

Target Area B is roughly 12km from Target C1 (announced on 15 June 2021). Kavango believes Target Area B is in a separate, distinct geological setting to the A-C corridor.

The Company is in discussion with Equity Drilling & Mindea Exploration and Drilling Services (Pty) to extend the current drill contract to include drilling a 550m borehole into B1, to retrieve core from the bottom of the “Norilsk-style keel” of the intrusive body.

Spectral will undertake down-hole EM surveying on each of the drilled holes as soon as the drilling has been completed. The surveying will identify and measure conductors within a 300m radius of the probe as it is lowered down the hole.

TDEM Survey updated

Spectral has now completed eight TDEM surveys in the KSZ. This included:

–  3 TDEM surveys in Target Area A, including one follow up survey on Target A2

–  2 TDEM surveys in Target Area B, including one follow up survey on Target B1

–  2 TDEM surveys in Target Area C, including one follow up survey on Target C1

–  1 TDEM survey in Target Area D.

This resulted in the identification of 3 drill targets, designated A2, B1 and C1 (the “Drill Targets”). Kavango plans to drill these targets over the course of this summer.

No conductors were found by the TDEM surveys over areas A1 and D1.

Analysis of data gathered from area B2 is ongoing and the Company expects to release an announcement on this in the near future.

Spectral has deployed its team back to Target Area B to complete two follow up TDEM surveys.

Kavango and Spectral will begin discussions in the coming weeks about conducting more TDEM surveys elsewhere in the KSZ. This next phase of TDEM surveying is expected to commence later this year, once the Company has received results from analysis of drill cores obtained from the Drill Targets.

Discussions with Equity Drilling

Equity Drilling Limited is a company registered in Guernsey. The owners and operators of Equity Drilling are highly experienced drill operators in Africa.

Equity Drilling founded Mindea Exploration and Drilling Services (Pty) Ltd (“Mindea”), which is operated under the Botswana Citizen Economic Empowerment Policy. Mindea is the drill contractor, which Kavango has engaged to drill the Drill Targets.

Equity Drilling also established Africa’s first, internationally accredited Drilling School in Botswana, the Africa Mining and Drilling Institute (“AMDI”).

Having established a strong working relationship, Kavango and Equity Drilling are now in discussions concerning the establishment of a strategic partnership company (the “Strategic Partnership”) whose primary focus will be to complete extensive drilling operations across the Company’s portfolio of projects.

Details and terms of the Strategic Partnership are still under discussion, but Kavango will complete a period of due diligence prior to making any commitment. One proposal the Company is considering is the acquisition of two drill rigs, with support vehicles, to create a focussed drill team to complete extensive drilling across the Company’s portfolio of projects. Discussions are ongoing about this and if an agreement is reached Kavango expects to pay a combination of cash and shares.

It is anticipated that Equity Drilling will act as the exclusive operator of the Strategic Partnership, in whatever shape it eventually takes, should final terms be agreed.

Placing

The 35,272,727 New Ordinary Shares have been conditionally placed by First Equity Limited, on behalf of the Company with institutional and other investors, including high net worth and retail investors, to raise £1.94 million.

Each New Ordinary Share has, on a one-for-one basis, a warrant attached exercisable at 8.5p for a term of 24 months from the date of issue, which is subject to an acceleration clause whereby should the Company’s shares close above 17p for more than 5 trading days, the Company may at any time write to the warrant holders providing 10 working days’ notice of accelerated exercise, with 10 workings day thereafter for payment.

The Company is discussing with certain directors the possibility of their participating in a subscription, on the same terms as described above. If agreement is reached a further announcement will be made.

Broker Warrants

The Company has issued with 3,527,273 broker warrants (“Broker Warrants”), with the same terms as set out above for the Warrants issued as part of the Placing. 

Admission and Total Voting Rights

Application will be made for the Placing Shares to be admitted to the Standard List segment of the Official List and to trading on the main market of the London Stock Exchange plc (“Admission”).  It is expected that Admission will become effective and that dealings in the Placing Shares will commence at 8.00am on or around Monday 02 August 2021.

Following Admission, the total issued share capital of the Company will consist of 400,340,775 Ordinary Shares. Therefore, the total number of voting rights in the Company is 400,340,775 and this figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest, in the share capital of the Company.

———————————————————————–

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.

For additional information please contact:

Kavango Resources plc 

Ben Turney

bturney@kavangoresources.com

+46 7697 406 06

First Equity (Joint Broker)

+44 207 374 2212

Jason Robertson 

SI Capital Limited (Joint Broker) 

+44 1483 413500

Nick Emerson

Kavango Competent Person Statement

The information in this press release that relates to “geological and/or geophysical results” for the LVR Project is based on information compiled or reviewed by Mr Mike Moles BSc (Geology) & BSocSci (African Studies), a competent person who is a Member of the Australian Institute of Mining & Metallurgy. Mr Moles has sufficient experience that is relevant to the style of mineralisation and type of deposits under consideration and to the activity, which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Mr Moles consents to the inclusion in this release of the exploration results for the Project in the form and context in which it appears. Mr Moles is a beneficial shareholder of Kavango Resources plc.

Note to Editors:

THE KALAHARI SUTURE ZONE

Kavango’s 100% subsidiary in Botswana, Kavango Minerals (Pty) Ltd, is the holder of 14 prospecting licences covering 7,573.1km2 of ground, including 12 licences over a significant portion of the 450km long KSZ magnetic anomaly in the southwest of the country along which Kavango is exploring for Copper-Nickel-PGM rich sulphide ore bodies. This large area, which is entirely covered by Cretaceous and post-Cretaceous Kalahari Sediments, has not previously been explored using modern techniques.

The area covered by Kavango’s KSZ licences displays a geological setting with distinct similarities to that hosting World Class magmatic sulphide deposits such as those at Norilsk (Siberia) and Voisey’s Bay (Canada).

The Norilsk mining centre is about 2,800km northeast of Moscow and accounts for 90% of Russia’s nickel reserves, 55% of its copper and virtually all of its PGMs. Kavango’s licenses in the KSZ display a geological setting with distinct geological similarities to the magmatic sulphide deposits at Norilsk. Magma plumbing systems are a key feature of these deposits.

KSZ DEFINITIONS

EM Super Conductors: are bodies of highly conductive minerals such as graphite, magnetite and metal sulphides, which conduct electricity very rapidly provided the mineral grains are in contact with each other.

Gabbro/gabbroic: A coarse grained, medium to dark coloured rock, formed from the intrusion of mantle derived molten magma into the earth’s crust. Gabbroic rocks (or “gabbros”) are formed as the molten magma crystallizes and cools.

Gabbroic sills: Relatively thin, planar, horizontal bodies of solidified gabbroic magma that intruded into layers of sedimentary rock whilst still molten.

Karoo: The Karoo System covers 1.5 million km2 of the semi-desert region of Southern Africa. Rocks in this system formed 180-310 million years ago.

Massive sulphide: When a deposit consists almost entirely of sulphides it is termed “massive”. When it consists of grains or crystals of sulphide in a matrix of silicate minerals, it is termed “disseminated”.

Metal/Magmatic sulphide: Deposits of sulphide mineral concentrations in mafic and ultramafic rocks, derived from immiscible sulphide liquids. To view a video of how metal/magmatic sulphides form please visit –

https://twitter.com/KavangoRes/status/1316004057895645186?s=20

Norilsk Style: copper/nickel/PGE mineralisation associated with the intrusion into the upper parts of the Earth’s crust of mafic magma, which form magma chambers that sit below volcanic vents or fissures that extrude basaltic lava onto the surface (Hawaii is a possible modern equivalent). The Norilsk intrusions tend to have distinct morphologies, combining thin gabbro sills (wings) with deep keels (thought to be associated with feeder dykes) at the base.

Norilsk Model:   a genetic geological model similar to that pertaining to the Norilsk/Talnakh deposits in Siberia. Traditionally, it was thought that, during emplacement, the magma incorporated sulphur rich country rock (e.g. coal measures) or evaporites into the melt, which allowed the molten magma to become sulphur saturated. The free sulphur would then combine, preferentially, with Cu/Ni/PGE metal ions to form metal sulphides, which, being heavy, tended to accumulate in traps or into the keel of the magma chamber. However, modern research suggests that the process might be more complex and may also involve changes of the chemical and physical properties of the magma during the introduction of new pulses of molten material from below. Such sudden changes may have caused rapid segregation of metal sulphides within and above the feeder dykes within the keel of the intrusion.

Sulphide mineralisation: If there is sufficient sulphur in the molten magma, it will tend to combine with metals (Cu, Zn, Ni, Co, Pb, PGEs etc.) to form metal sulphide complexes, which may coalesce to form massive sulphide deposits. If the melt is sulphide poor, the metals will be taken up into the silicate minerals that form as the magma cools and will not usually form economic deposits.

Kavango Resources #KAV – KSZ Hukuntsi TDEM conductor B1 identified

Kavango Resources plc (LSE:KAV), the exploration company targeting the discovery of world-class mineral deposits in Botswana, is pleased to announce the identification of an electro-magnetic (“EM”) anomaly in Target Area B in the Hukuntsi (northern) section of the Company’s Kalahari Suture Zone (“KSZ”) Project.

Designated Target B1 (“B1”), the conductive anomaly is 475m by 550m with a conductance of approximately 8,200Siemens. The decay constant is estimated to be in excess of 350ms.

Target Area B is roughly 12km from Target C1 (announced on 15 June 2021). Kavango believes Target Area B is in a separate, distinct geological setting to the A-C corridor.

The Company is in discussion with Equity Drilling & Mindea Exploration and Drilling Services (Pty) to extend the current drill contract to include drilling a 550m borehole into B1, to retrieve core from the bottom of the “Norilsk-style keel” that underneath it.

The Company has also engaged its strategic partner Spectral Geophysics to conduct two more Time Domain Electromagnetic (“TDEM”) surveys in Target Area B.

Ben Turney, Chief Executive Officer of Kavango Resources, commented:

“B1 appears to be the best conductor we have identified so far. The 8,200Siemens reading is particularly encouraging. With a rig already mobilising in Hukuntsi, we plan to drill this target as soon as the two boreholes are complete in the A-C corridor.”

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

For further information please contact:

Kavango Resources plc   

Ben Turney

bturney@kavangoresources.com   

First Equity (Joint Broker)

+44 207 374 2212

Jason Robertson 

SI Capital Limited (Joint Broker) 

+44 1483 413500

Nick Emerson

Note to Editors:

THE KALAHARI SUTURE ZONE

Kavango’s 100% subsidiary in Botswana, Kavango Minerals (Pty) Ltd, is the holder of 14 prospecting licences covering 7,573.1km2 of ground, including 12 licences over a significant portion of the 450km long KSZ magnetic anomaly in the southwest of the country along which Kavango is exploring for Copper-Nickel-PGM rich sulphide ore bodies. This large area, which is entirely covered by Cretaceous and post-Cretaceous Kalahari Sediments, has not previously been explored using modern techniques.

The area covered by Kavango’s KSZ licences displays a geological setting with distinct similarities to that hosting World Class magmatic sulphide deposits such as those at Norilsk (Siberia) and Voisey’s Bay (Canada).

The Norilsk mining centre is about 2,800km northeast of Moscow and accounts for 90% of Russia’s nickel reserves, 55% of its copper and virtually all of its PGMs. Kavango’s licenses in the KSZ display a geological setting with distinct geological similarities to the magmatic sulphide deposits at Norilsk. Magma plumbing systems are a key feature of these deposits.

KSZ DEFINITIONS

EM Super Conductors: are bodies of highly conductive minerals such as graphite, magnetite and metal sulphides, which conduct electricity very rapidly provided the mineral grains are in contact with each other.

Gabbro/gabbroic: A coarse grained, medium to dark coloured rock, formed from the intrusion of mantle derived molten magma into the earth’s crust. Gabbroic rocks (or “gabbros”) are formed as the molten magma crystallizes and cools.

Gabbroic sills: Relatively thin, planar, horizontal bodies of solidified gabbroic magma that intruded into layers of sedimentary rock whilst still molten.

Karoo: The Karoo System covers 1.5 million km2 of the semi-desert region of Southern Africa. Rocks in this system formed 180-310 million years ago.

Massive sulphide: When a deposit consists almost entirely of sulphides it is termed “massive”. When it consists of grains or crystals of sulphide in a matrix of silicate minerals, it is termed “disseminated”.

Metal/Magmatic sulphide: Deposits of sulphide mineral concentrations in mafic and ultramafic rocks, derived from immiscible sulphide liquids. To view a video of how metal/magmatic sulphides form please visit –

https://twitter.com/KavangoRes/status/1316004057895645186?s=20

Norilsk Style: copper/nickel/PGE mineralisation associated with the intrusion into the upper parts of the Earth’s crust of mafic magma, which form magma chambers that sit below volcanic vents or fissures that extrude basaltic lava onto the surface (Hawaii is a possible modern equivalent). The Norilsk intrusions tend to have distinct morphologies, combining thin gabbro sills (wings) with deep keels (thought to be associated with feeder dykes) at the base.

Norilsk Model:   a genetic geological model similar to that pertaining to the Norilsk/Talnakh deposits in Siberia. Traditionally, it was thought that, during emplacement, the magma incorporated sulphur rich country rock (e.g. coal measures) or evaporites into the melt, which allowed the molten magma to become sulphur saturated. The free sulphur would then combine, preferentially, with Cu/Ni/PGE metal ions to form metal sulphides, which, being heavy, tended to accumulate in traps or into the keel of the magma chamber. However, modern research suggests that the process might be more complex and may also involve changes of the chemical and physical properties of the magma during the introduction of new pulses of molten material from below. Such sudden changes may have caused rapid segregation of metal sulphides within and above the feeder dykes within the keel of the intrusion.

Sulphide mineralisation: If there is sufficient sulphur in the molten magma, it will tend to combine with metals (Cu, Zn, Ni, Co, Pb, PGEs etc.) to form metal sulphide complexes, which may coalesce to form massive sulphide deposits. If the melt is sulphide poor, the metals will be taken up into the silicate minerals that form as the magma cools and will not usually form economic deposits.

Kavango Resources #KAV – Ditau Project update – drill targets identified

Kavango Resources plc (LSE:KAV), the exploration company targeting the discovery of world-class mineral deposits in Botswana, is pleased to announce an update on the Company’s Ditau Project (“Ditau”), searching for Rare Earth Elements (“REEs”).

Ditau is held in a 50/50 Joint Venture with Power Metal Resources plc (LSE:POW) (“Power Metal”). Kavango is the operator.

Highlights

Ø Geophysical and geochemical surveys completed on 12 targets areas

Ø 7 specific drill targets identified

–    Each target includes a possible carbonatite intrusive body lying within range of reverse circulation (“RC”) drilling

–    All targets within 300m depth

–    3 of the 7 targets classified as “high priority”

Ø Target I1 is a large, intense magnetic dipole

–    Spans 17km by 8km

–    Shallow depth to source of less than 100m

–    Kavango believes I1 sits just under the Kalahari sands

–    Lies at an intersection of two major regional fault zones

–    Anomalous niobium values identified. Niobium is used in various superconducting materials and industrial alloys

Ø Target I4

–    Spans 7.5km by 5km

–    Shallow depth to source of less than 100m

Ø Target I10

–    Spans 2.5km by 2.8km

–    High AMT resistivity, coincidental with a gravity high

Ø Data processing and interpretation in progress for final drill readiness

Ø Environmental Management Plan in place

Ben Turney, Chief Executive Officer of Kavango Resources, commented:

“While our primary focus has been on developing our interests in the KSZ and KCB, we have been much encouraged by the number of drillable intrusive targets identified at Ditau. Most of these appear to be post Karoo in age and lying at a shallow depth beneath Kalahari sand cover.

It is particularly encouraging to have identified seven drill-ready targets, with three of those being classified as high priority. Carbonatite hosted deposits of Rare Earth Elements (REEs) hold significant strategic and commercial value. Kavango’s targets are relatively shallow, which should make it straightforward to determine this project’s potential

We look forward to revisiting Ditau later this year, once we’ve completed our other high-impact drill campaigns.”

Exploration at Ditau

Kavango has identified 12 ring structures within the two prospecting licences making up the Ditau Project.

Falconbridge Explorations Ltd identified a similar large ring structure (KW2), located 23km to the north of Ditau, in the 1970s. On drilling KW2, anomalous values of niobium were detected in carbonatite rock (REEs were not assayed for at the time). Niobium is used in various superconducting materials and industrial alloys.

KW2 is thought to be part of a “cluster” of post-Karoo, carbonatites in the Kang area, of which Ditau is a part.

There is increasing evidence that at least some of the ring structures at Ditau contain carbonatite.  An integrated exploration programme of surveys is being undertaken over the 12 ring structures (targets).

Each target is undergoing the following assessments/surveys:

SOIL GEOCHEMISTRY: 3 lines of soil geochemical sampling with specific attention to values of Niobium and REEs

CSAMT & AMT SURVEYING: To “map” the lithological contacts to determine conductivity and resistivity. The CSAMT survey was carried out using Geometrics’ Stratagem EH4 unit, which measures ground electromagnetic signals and calculates ground resistivity down to depths of 1km.

Most targets were surveyed using the low-frequency version of the Stratagem without a transmitter (AMT), which sees down to 1.6km. Readings were taken at 50m station intervals along a profile.

GROUND MAGNETIC SURVEYING: The Earth is like a giant magnet due to ferromagnesian minerals in its core. Locally, various rocks have different magnetic properties due to variable magnetic mineral content. Carbonatites usually produce magnetic “high” anomalies compared to their host rocks.

The G856AX proton precession magnetometer was used in the ground magnetic surveys. One G-856AX was used as a “base station” magnetometer taking readings at 30-second intervals and the other as a hand-carried instrument with a simple, push button operation. Readings were taken at 12.5m intervals along profiles.

GRAVITY SURVEYING: Carbonatites usually have higher density than their host rocks.

Gravimeters are generally used to measure relative gravity, of which there is a wide variety. The most modern gravimeters are Autograv, which include significant improvements compared to the old spring based systems.

An Autograv CG-3 gravimeter was used in the survey on Target I10. Readings were taken every 50m with a local base station visited 3 times a day. The Autograv obtains a reading by continuously averaging a series of one-second samples.

DATA INTERPRETATION: The Company’s approach to this involves “layering” survey data sets on geological and structural maps, to produce drill targets.

Results

Ø Interpretation of the results from the first 7 ring structure drill targets has identified 3 priority targets which demonstrate good potential to host to carbonatite (I1, I4 and I10).

–    I1 is a large, intense magnetic dipole that spans 17km by 8km and has a shallow depth to source of less than 100m. I1 lies at an intersection of two major regional fault zones.

–    I4 spans 7.5km by 5km and has a shallow depth to source of less than 100m.

–    I10 spans 2.5km by 2.8km and exhibits high AMT resistivity, coincidental with a gravity high.

Ø These targets appear to sub-outcrop just below the Kalahari sand cover (c.70m), within easy reach of RC drilling within 300m of service.

Ø Anomalous niobium values have been detected on one of these targets (Target I1).

Plans for further Work

Ø Further surveys will be completed on the remaining 3 ring structure targets.

Ø It is proposed to drill the 3 top priority targets before the end of the year. The Environmental Management Plan is in place.

Ø Samples from the drilling will be assayed for whole rock geochemistry and REEs.

The POW/KAV Joint Venture

The Ditau PLs are held in the name of Kavango and are subject to a JV Agreement in which each company holds a 50% interest via Kanye Resources plc. Exploration costs are equally shared. Kavango is the operator. Application has been made to transfer the PLs into a recently established Botswana JV company, Kanye Resources (Pty) Ltd. There are plans to IPO Kanye Resources plc on a recognised stock exchange.

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.

For further information please contact:

Kavango Resources plc     

Ben Turney

bturney@kavangoresources.com  

First Equity (Joint Broker)

+44 207 374 2212

Jason Robertson             

SI Capital Limited (Joint Broker)          

+44 1483 413500

Nick Emerson

Kavango Competent Person Statement

The technical information contained in this announcement has been read and approved by Mr Mike Moles (BSc (Geology) & BSocSci (African Studies), who is a Member of the Australian Institute of Mining & Metallurgy (MAusIMM) and has sufficient experience that is relevant to the style of mineralisation and type of deposits under consideration to qualify as a Competent Person as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Mr Moles is a beneficial shareholder of Kavango Resources plc.

NOTES TO EDITORS

THE DITAU PROJECT

The Ditau Project comprises two prospecting licences (“PLs”) (PL169/2012 & PL010/2019) that cover an area of 1,386km2. Geophysical and geochemical analyses by Kavango in the two PLs have identified 12 “ring structures”.

The “ring structures” have the potential to host carbonatite rocks.

Carbonatites are the principal source of rare earth elements (REEs) including the much sought-after elements Neodymium (Nd) and Praseodymium (Pr), which are used in the manufacture of the new generation of electric vehicles (EVs), magnets and other high-tech applications. Other elements/minerals associated with carbonatites include Niobium, Phosphates, Monazite, Strontium, Magnetite and even Copper.

Kavango Resources #KAV – Exercise of Warrants

Exercise of Warrants

Kavango announces it has received notices to exercise warrants over 863,636 new ordinary shares of 0.001 each in the Company (the “Warrant Shares”).

The Warrant Shares are being issued pursuant to the exercise of warrants granted on 1 December 2020.  Subscription monies of £36,704.53 have been received by Kavango in respect of these exercises.  

Admission and Total Voting Rights

Application will be made for the Warrant Shares to be admitted to the Standard List segment of the Official List and to trading on the main market of the London Stock Exchange plc (“Admission”).  It is expected that Admission will become effective and that dealings in the Warrant Shares will commence at 8.00am on or around 5 July 2021.

Following Admission, the total issued share capital of the Company will consist of 365,068,048 Ordinary Shares. Therefore, the total number of voting rights in the Company is 365,068,048 and this figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest, in the share capital of the Company. 

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.

For further information please contact:

 

Kavango Resources plc   

Michael Foster

mfoster@kavangoresources.com

 

First Equity (Joint Broker)

+44 207 374 2212

Jason Robertson 

 

SI Capital Limited (Joint Broker) 

+44 1483 413500

Nick Emerson

I would like to receive Brand Communications updates and news...
Free Stock Updates & News
I agree to have my personal information transfered to MailChimp ( more information )
Join over 3.000 visitors who are receiving our newsletter and learn how to optimize your blog for search engines, find free traffic, and monetize your website.
We hate spam. Your email address will not be sold or shared with anyone else.