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Alan Green discuss #KAV Kavango Resources, #ARB Argo Blockchain & #TM1 Technology Minerals on the Vox Podcast

Alan Green discuss #KAV Kavango Resources, #ARB Argo Blockchain & #TM1 Technology Minerals on the Vox Market Podcast

Alan Green discusses SpectrumX, #AEXG AEX Gold, #AAF Airtel Africa & #ECR ECR Minerals on the Vox Market Podcast

Alan Green discusses SpectrumX, #AEXG AEX Gold, #AAF Airtel Africa & #ECR ECR Minerals on the Vox Market Podcast

 

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#ECR ECR Minerals – Further re Exercise of Warrants Announced on Friday 22nd April 2022

ECR MINERALS Plc

(“ECR Minerals”, “ECR” or the “Company”)

Further to the announcement of 22 April 2022 regarding a Warrant Exercise the Company provides the following by way of further information.

EXERCISE OF WARRANTS

ECR Minerals plc (LON: ECR), the gold exploration and development company focussed on Australia, announces it has received notice to exercise warrants over 20,500,000 new ordinary shares in the Company (“Warrant Shares”). 20,500,000 new ordinary shares are being issued pursuant to the exercise of warrants at 1p per share and aggregate subscription monies of £205,000 have been received by ECR in respect of the exercise of these warrants.

Admission of the Warrant Shares to trading on AIM is expected to occur on or around 27 April 2022 (“Admission”). Upon Admission, ECR’s issued ordinary share capital will comprise 1,064,464,551 ordinary shares of 0.001p. This number will represent the total voting rights in the Company, and, following admission of the Warrant Shares, may be used by shareholders as the denominator for the calculation by which they can determine if they are required to notify their interest in, or a change to their interest in, the Company under the Financial Conduct Authority’s Disclosure and Transparency Rules. The Warrant Shares will rank pari passu in all respects with the ordinary shares of the Company currently traded on AIM.

MARKET ABUSE REGULATIONS (EU) No. 596/2014

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 (MAR). Upon the publication of this announcement via Regulatory Information Service (RIS), this inside information is now considered to be in the public domain.

 

FOR FURTHER INFORMATION, PLEASE CONTACT:

ECR Minerals plc

Tel: +44 (0) 20 7929 1010

David Tang, Non-Executive Chairman

Andrew Haythorpe, CEO

Email:

info@ecrminerals.com

Website: www.ecrminerals.com

WH Ireland Ltd

Tel: +44 (0) 207 220 1666

Nominated Adviser

Katy Mitchell / Andrew de Andrade

SI Capital Ltd

Tel: +44 (0) 1483 413500

Broker

Nick Emerson

Novum Securities Limited

Tel: +44 (0) 20 7399 9425

Broker

Jon Belliss

Blytheweigh

Tel: +44 (0) 207 138 3204

Public Relations

Tim Blythe

#ECR ECR Minerals – Warrant Exercise

Resolutions of the Board of Directors of the Company (the “Board”)

22nd April 2022

WHEREAS the Board received notice to exercise warrants over 20,500,000 new ordinary shares in the Company at an exercise price of 1p per share (“Warrant Shares”). Subscription monies of £205,000.00 have been received by ECR in respect of the exercise of these warrants and a copy of the warrant certificate was received by ECR from the Warrant Holder for the exercise of these warrants.

IT WAS RESOLVED:

  1. that the issue and allotment of a total of 20,500,000 ordinary shares of ECR Minerals Plc of £0.00001 be authorised in connection with the above, application be made for the admission of the shares to trading on AIM, the Company’s registrars be authorised to take all steps necessary to effect the issue and allotment of the shares, and the appropriate regulatory announcement be made;
  2. that copies of this resolution (or extracts thereof, as appropriate) be supplied to the Company’s AIM nominated adviser and the Company’s registrars as necessary, and that the Company Secretary be instructed to make all necessary filings with Companies House in connection with the issue and allotment of the shares.

SIGNED

David Tang
Chairman

 

FOR FURTHER INFORMATION, PLEASE CONTACT:

ECR Minerals plc

Tel: +44 (0) 20 7929 1010

David Tang, Non-Executive Chairman

Andrew Haythorpe, CEO

Email:

info@ecrminerals.com

Website: www.ecrminerals.com

WH Ireland Ltd

Tel: +44 (0) 207 220 1666

Nominated Adviser

Katy Mitchell / Andrew de Andrade

SI Capital Ltd

Tel: +44 (0) 1483 413500

Broker

Nick Emerson

Novum Securities Limited

Tel: +44 (0) 20 7399 9425

Broker

Jon Belliss

Blytheweigh

Tel: +44 (0) 207 138 3204

Public Relations

Tim Blythe

#ECR ECR Minerals – Block listing Interim Review

ECR

BLOCK LISTING SIX MONTHLY RETURN

Information provided on this form must be typed or printed electronically and provided to an ris.

(Note: Italicised termshave the same meaning as given in the Listing Rules.)

Date: 19 April 2022

Name of applicant:

ECR Minerals Plc

Name of scheme:

  1. 20 April 2020 Subscription Warrants Scheme
  2. 30 July 2020 Subscription Warrants Scheme
  3. 11 July 2018 Options Scheme

Period of return:

From:

7 October 2021

To:

19 April 2022

Balance of unallotted securities under scheme(s) from previous return:

  1. 26,000,000 ordinary shares in respect of the April 2020 warrants exercisable at 1 pence per share
  2. 32,190,748 ordinary shares in respect of the July 2020 warrants exercisable at 2.1 pence per share
  3. 11,200,000 ordinary shares in respect of the July 2018 options exercisable at 1.125 pence per share

Less: Number of securities issued/allotted under scheme(s) during period (see LR3.5.7G):

  1. 25,906,000 ordinary shares in respect of the 6 April 2020 warrants exercisable at 1 pence per share

Less: Number of securities expired unexercised during the period:

  1. 94,000 ordinary shares in respect of the April 2020 warrants exercisable at 1 pence per share

Equals: Balance under scheme(s) not yet issued/allotted at end of period:

  1. 32,190,748 ordinary shares in respect of the July 2020 warrants exercisable at 2.1 pence per share
  2. 11,200,000 ordinary shares in respect of the July 2018 options exercisable at 1.125 pence per share

 

Total Voting Rights

The Company confirms that ECR’s total issued ordinary share capital comprises 1,043,964,551

ordinary shares of 0.001p. This number represents the total voting rights in the Company, and, may be used by shareholders as the denominator for the calculation by which they can determine if they are required to notify their interest in, or a change to their interest in, the Company under the Financial Conduct Authority’s Disclosure and Transparency Rules.

 

Name of contact:

David Tang

Telephone number of contact:

+44 (0) 20 7929 1010

FOR FURTHER INFORMATION, PLEASE CONTACT:

ECR Minerals plc

Tel: +44 (0) 20 7929 1010

David Tang, Non-Executive Chairman

Andrew Haythorpe, CEO

Email:

info@ecrminerals.com

Website: www.ecrminerals.com

WH Ireland Ltd

Nominated Adviser

Tel: +44 (0) 207 220 1666

Katy Mitchell / Andrew de Andrade

SI Capital Ltd

Tel: +44 (0) 1483 413500

Broker

Nick Emerson

Novum Securities Limited

Tel: +44 (0) 20 7399 9425

Broker

Jon Belliss

Blytheweigh

Tel: +44 (0) 207 138 3204

Public Relations

Tim Blythe

Tertiary Minerals #TYM – Pyramid Drilling Update

Tertiary Minerals plc (LON: TYM), the AIM traded mineral exploration and development company, whose strategic focus is on energy transition and precious metals, hereby announces results from the Company’s recent drill programme at the Pyramid Silver‑Gold Project in Nevada. In summary, drilling at the North Ruth target has not, to date, demonstrated significant mineralisation at depth.

Follow the link to view the announcement in full including Figure 1 here.

Highlights

  • A programme of soil and rock chip sampling and trenching was conducted in phases throughout 2021 which established wide intervals of significant silver and associated gold mineralisation at surface at North Ruth along a zone over 500 metres in length;
  • Additional trenches were excavated in February 2022, providing additional evidence for the surface extent of the mineralised zone;
  • Reverse circulation (RC) drilling, comprising 6 holes for a total of 1,050 metres (3,445 feet), was completed in early March 2022 in order to explore the potential continuation of this mineralisation at depth;
  • The drilling completed has not, however, returned favourable results and the continuity of mineralisation at depth has therefore not yet been established. The Company will now spend some time reviewing these results in more detail, while at the same time continuing its activities on its other exploration projects in Nevada and in Zambia.

Commenting today, Managing Director Patrick Cullen said:

“The surface sampling and trenching completed throughout 2021 and early 2022, as well as the presence of extensive historic underground workings in the area, confirmed North Ruth as a drill target that warranted drilling.

We executed a limited and cost-effective drill program, utilising RC, to determine if the mineralisation is present at depth but the results have been disappointing. A detailed analysis of the results will be needed before any further exploration is undertaken. Indications are that localised supergene enrichment of silver has resulted in the grades observed at surface.

In the meantime, progress has been made with permitting at our Brunton Pass Copper Project, also in Nevada, and we will recommence activities there soon. In addition, we have already begun field work on the Jacks Copper Project in Zambia and expect to commence drilling in late April or early May 2022.

For more information please contact

Tertiary Minerals plc:
Patrick Cullen, Managing Director +44 (0) 1625 838 679
SP Angel Corporate Finance LLP – Nominated Adviser and Broker
Richard Morrison +44 (0) 203 470 0470
Caroline Rowe
Peterhouse Capital Limited – Joint Broker
Lucy Williams + 44 (0) 207 469 0930
Duncan Vasey

 

Note to Editors

Tertiary Minerals plc (LON: TYM) is an AIM traded mineral exploration and development company whose strategic focus is on energy transition and precious metals. The Company’s projects are located in stable and democratic, geologically prospective, mining-friendly jurisdictions. Tertiary’s principal activities are the discovery and development of copper, gold and silver resources in Nevada and in Zambia.

Market Abuse Regulation

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 (‘MAR’). Upon the publication of this announcement via Regulatory Information Service (‘RIS’), this inside information is now considered to be in the public domain.

Detailed Information

Background

The Pyramid Gold-Silver Project was established through a lease agreement, targeting epithermal gold and silver mineralisation at the northwest end of the prolific current and past producing Walker Lane Mineral Belt.

The Company conducted systematic exploration at Pyramid undertaking extensive soil sampling, rock-ship sampling, mapping, and three phases of trenching over soil anomalies between April 2021 and February 2022. At the North Ruth target, surface silver and gold mineralisation was demonstrated to extend over a strike extent of at least 530 metres, with a zone width of up to 59 metres and yielding up to 595 g/t silver (17.35 ounces/ton) and 0.66 g/t gold (Announcement dated 14 October 2021).

Drill Programme

Envirotech Drilling LLC (“Envirotech”) of Winnemucca, Nevada were contracted to conduct RC drilling and commenced on 8 March, operating on a 24-hour basis until completion on 13 March 2022. The program was designed to test continuity of mineralisation at depth and along strike at the North Ruth target and comprised 6 holes (NR-01 to 06) for a total of 3,445 feet (1,050 metres).

RC samples were collected on 5-foot (1.52 metre) intervals providing 689 samples. 39 Field duplicates were collected throughout sampling. Additionally, 41 certified reference materials (“CRMs”) and 40 blanks were inserted into the sample run. Significant drilling results are shown in Table 2. Upon completion of a drillhole International Directional Services (“IDS”) performed downhole surveys using a gyroscopic survey tool to record azimuth and dip deviation. Collar locations were surveyed by handheld GPS and where two collars are adjacent, their relative position estimated to nearest metre.

Figure 1 below shows the collar locations for the holes drilled, Table 1 lists the collar coordinates and drillhole azimuths and Table 2 the most significant results.

 

(This figure, along with the announcement in full, can be viewed here.)

 

Figure 1: Location of RC drill holes NR-01 to NR-06 relative to rock chip samples and trenches. Historic underground activities are also indicated.

 

DHID NAD83_11_X NAD83_11_Y MASL_Z EOH (M) COLLAR_AZI COLLAR_INC EOH_AZI EOH_INC
NR-01 273863 4415628 1352 152.4 218 -45 225 -55
NR-02 273864 4415629 1352 219.5 217 -55 227 -58
NR-03 273916 4415597 1347 193.5 223 -46 234 -56
NR-04 273918 4415594 1347 214.9 205 -45 213 -45
NR-05 274075 4415284 1394 121.9 045 -60 046 -64
NR-06 273991 4415322 1362 147.8 044 -55 044 -63

Table 1: RC collars, azimuths and inclinations

 

DHID From (ft) To (ft) Interval (ft) From (m) To (m) Interval (m) Au (ppm) Ag (ppm)
NR-05 195 200 5 59.4 61.0 1.5 0.697 81
NR-05 170 175 5 51.8 53.3 1.5 0.089 18
NR-06 240 245 5 73.2 74.7 1.5 0.003 18
NR-06 15 20 5 4.6 6.1 1.5 0.249 16
NR-06 25 30 5 7.6 9.1 1.5 0.088 16

Table 2: Significant1 silver drill intersections

Holes NR-01, NR-02, NR-03 and NR-04 were designed to intersect targets beneath the highest grade surface mineralisation in Trench 1, Trench 1 Ext and Trench 8. No significant intersections are noted. Minor intersections are noted in holes NR-05 and NR-06 which were drilled towards to the southern extent of the North Ruth target.

At this stage the discrepancy between surface and drill results in not explained and further evaluation is required. Faulting or surface enrichment are possible explanations.

Phase 3 Trenching

The Company also conducted a further, short program of trenching, comprising 3 trenches in February 2022 while drill pad and access construction was underway. Field observations and assay results continued to confirm the presence of mineralisation at surface and supported the plan to drill. The Samples collected from the trenches were prepared and analysed by Paragon using the same methods as previous phases3. Significant intersections are presented below.

Trench From (m) To (m) Interval (m) Ag (g/t) Au (g/t)
2b 42.67 46.63 3.96 20 0.30
14 3.05 9.14 6.09 18 0.09
14 13.41 17.37 3.96 41 0.33
14 61.57 64.62 3.05 16 0.29

 

Drill Sample Analysis and QA/QC

Drill samples were collected on-site by Paragon Geochemical (“Paragon”) and transported under chain of custody to their facility in Reno, Nevada for sample preparation and analysis. Samples were prepared using code PREP-PKG where samples were crushed to 70% passing 10 mesh (2000 micron) and 1 kilogramme riffle split and crushed to 85% passing 200mesh (74 micron).

RC material was sampled over continuous 5 foot (1.53 metre) intervals. Gold and silver were analysed by method Au-AA Ag-GR, a 30g fire assay with gravimetric finish for silver and an atomic absorption spectroscopy finish for gold. As routine, Paragon implemented internal QA/QC procedures which were reviewed by the Company and are considered acceptable.

The Company implemented its own QA/QC protocol which involved field insertion of greater than 5% blanks, greater than 5% field duplicates and greater than 5% CRMs. QA/QC samples were inserted blind and assigned the same continuous sample number sequence as original samples. Two different CRMs were used to access both high- and low‑grade material. A review of assay results from the Company’s QA/QC inserts were found to be acceptable.

 

Notes:

  1. ‘Significant’ is defined as a minimum 2 metres width of sample grading a minimum of 15 g/t silver or 0.25 g/t gold in trenching and surface sampling. A width of 1.52 metres (5 feet) is applied for RC drilling in Nevada which relates to the standard sampling width. Narrow lower grade material may be included where they are internal to the reported intervals. Reported thicknesses of drill intersections are thicknesses measured downhole and therefore cannot be considered true thickness.

 

  1. Units:         

Rock samples reported in g/t = grammes/tonne

1 g/t = 0.029167 ounce/ton (i.e. troy ounces/US ton)

1ppm = 1 g/tonne

1 (Troy) ounce =31.105 g

 

  1. Trench samples were collected by consulting Geologist Ivan Johnson as continuous chip samples over a maximum of 10 feet per sample. Samples were transported under chain of custody to Paragon Geochemical facilities in Reno, Nevada, for sample preparation. Samples were crushed to 85% passing 200mesh using method PREP-RMB. Gold was analysed by method Au-AA30 which comprises 30g fire assay with aqua regia digest/AAS finish. Multielement analysis (including Ag) was performed using method 33 MA-OES which comprised a 4-acid digest with ICP/OES finish. Ag overrange analysis was performed using method Ag-Gr50, a 30g fire assay with gravimetric finish. Paragon carries out duplicate, and standard and blank materials analysis as part of its internal QA/QC procedures. Grades reported above are weighted average grades of samples taken over varying widths from within the reported intervals.

 

  1. The information in this release has been reviewed by Mr. Patrick Cheetham (MIMMM, M.Aus.IMM), Executive Chairman of Tertiary Minerals plc, who is a qualified person for the purposes of the AIM Note for Mining and Oil & Gas Companies. Mr. Cheetham is a Member of the Institute of Materials, Minerals & Mining and also a member of the Australasian Institute of Mining & Metallurgy.

 

  1. The news release may contain certain statements and expressions of belief, expectation or opinion which are forward looking statements, and which relate, inter alia, to the Company’s proposed strategy, plans and objectives or to the expectations or intentions of the Company’s directors. Such forward-looking statements involve known and unknown risks, uncertainties, and other important factors beyond the control of the Company that could cause the actual performance or achievements of the Company to be materially different from such forward-looking statements. Accordingly, you should not rely on any forward-looking statements and save as required by the AIM Rules for Companies or by law, the Company does not accept any obligation to disseminate any updates or revisions to such forward-looking statements.

Alan Green covers a trading update from #MOON Moonpig, a new appointment by #ECR ECR Minerals and #BRES Blencowe Resources Jorc update on the Vox Market Podcast

Alan Green covers a trading update from #MOON Moonpig, a new appointment by #ECR ECR Minerals and #BRES Blencowe Resources Jorc update on the Vox Market Podcast

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#KDNC Cadence Minerals – Director Share Purchases

Cadence (AIM:KDNC), the mining investment company, announces that on the 8 April the following director purchased ordinary shares in the Company.

Director

Position

Number of ordinary shares acquired

Price paid per share (£)

Kiran Morzaria

Director & CEO

54,422

0.1837

After this acquisition and the transfer of the Employee Benefit Trust (“EBT”) shares under the 2021 share incentive scheme which vested and were announced on the 30 June 2021 and 14 January 2022 , the total notifiable share interest in the Company for the directors is as follows

Director

Position

Total holding of ordinary shares

Kiran Morzaria

Director & CEO

1,326,422

Donald Strang

Finance Director

957,545

Andrew Suckling

Non-Executive Chairman

381,602

Adrian Fairbourn

Non-Executive Director

731,005

 

– Ends –

 

For further information:

Cadence Minerals plc

  +44 (0) 7879 584153

Andrew Suckling

Kiran Morzaria

WH Ireland Limited (NOMAD & Broker)

    +44 (0) 207 220 1666

James Joyce

Darshan Patel

Novum Securities Limited (Joint Broker)

   +44 (0) 207 399 9400

Jon Belliss

#KAV Kavango Resources – COO operational update to shareholders

Kavango’s Chief Operating Officer, Brett Grist, has recently returned from Botswana, where he conducted an extensive review of the Company’s operations. Kavango presents Brett’s operational review for shareholders below.

Brett Grist, Chief Operating Officer of Kavango Resources, comments:

“I have worked around the world in mineral exploration and mining project development, including in West Africa and DRC. Botswana is, in my opinion, a pleasure to work in and a very favourable mining jurisdiction within which to operate. This is confirmed by its global ranking of 11th in the 2020 Fraser Institute Investment Attractiveness Index, ahead of Ireland and Queensland.

I am particularly encouraged by the exploration potential across Kavango’s large portfolio of projects. Botswana benefits from a skilled workforce, excellent road network, and a government that pro-actively supports mining. It has favourable geology for discoveries, as reflected in some of the recent high-grade copper discoveries now being operated in the Kalahari Copper Belt by companies such as Sandfire Resources.

Now that I have spent time in-country, I have seen first-hand how Kavango has developed as a company over the last year. We now have a very strong team. The quality and volume of our work is notable for an exploration firm of our size. Our people are delivering a lot in the field, and I expect results to start flowing in the not-too-distant future.

I look forward to working with everyone in Kavango, both in Botswana and the UK, as we move towards making a discovery in such a highly rated investment destination.”

COO Operational Report for Shareholders

Dear Shareholders,

The team that Ben and Hillary have assembled over the last 12 months is impressive and committed to Kavango. I had a highly productive time in Botswana and have prepared an initial note on our current project status.

 

Kalahari Suture Zone (“KSZ”)

The KSZ is our largest and most exciting project. In 2021 Kavango embarked on an extremely ambitious drill campaign for a company of our size. The primary objective of this campaign was “Proof of Concept”, which can be broken down into four individual goals:

1.  To retrieve drill core from Kavango’s key targets, gathering physical geological evidence (core)

2.  To test the accuracy of Kavango’s geophysical models

3.  To validate Kavango’s selected geophysical surveying techniques

4.  To prove that Kavango can successfully deliver its integrated exploration and drilling strategy on a larger scale

Kavango has already reported some key facts, which are worth repeating:

–  In Holes TA2DD002 and KSZDD001, Kavango’s magnetic model of the Proterozoic age gabbros proved to be remarkably accurate. We intercepted these gabbros within metres of where the magnetic models predicted (at 651m and 950m respectively). This is an exceptional achievement. Magnetic modelling will likely become one of our most important exploration vectors for the KSZ moving forward. The value of a twice drill-validated geophysical “map” of the KSZ North area is not to be underestimated.

–  Our drilling partner Mindea Exploration and Drilling Pty (“Mindea”) has proven to be a very solid partner. Thanks to their work, Kavango became the first exploration company to successfully drill four consecutive deep boreholes into the KSZ, with each being taken past the planned depth. In total Kavango drilled 3,230m of diamond core drilling, with 99% core recovery. This gives us a great deal of confidence in Mindea’s ability to support future drilling.

–  The surface Time Domain Electromagnetic (“TDEM”) and Downhole Electromagnetic (“DHEM”) data that our geophysics partner Spectral Geophysics Pty (“Spectral”) has gathered for us has proved to be high-quality. All data from Spectral has been independently verified for its accuracy and the correct use of equipment in the field. We are extremely fortunate to be working with Cas Lotter and his team.

 

Kalahari Copper Belt (“KCB”)

The Kalahari Copper Belt has seen multiple recent discoveries developed into mines, meaning that this is an excellent destination to be exploring within. The style of mineralisation means that these are often relatively high-grade deposits. While successful exploration on the KSZ offers potential for a historic achievement, the KCB in Kavango’s view offers potential to make an earlier discovery.

–  Kavango has interests in 12 prospecting licences, totalling over 5,000km2 in the KCB. Kavango’s interests are shared with Power Metal Resources (LSE:POW), in a co-owned Joint Venture called Kanye Resources (10 licences), and with LVR Geoexplorers (2 licences). This is a competitively significant mineral rights position, in an under-explored area of the KCB.

–  A work programme is underway on multiple licences, including the recently acquired Mamuno licences, which are adjacent to the Namibian border and on which little work has previously been carried out. The Mamuno licences are held within Kanye Resources. The KCB work consists of geological mapping and extensive soil sampling (subject to progress this could consist of up to 8,800 samples).

–  This, in combination with the soil sampling and geophysical data that Kavango already hold, will be used to tightly define and rank specific drill targets. Subject to successful results, then a subsequent drill programme consisting of fences of (probably RC in the first instance) drillholes may be used to test anomalies and locate/validate mineralisation. If results are positive this would then be followed up by diamond drilling to determine structure and potentially home-in on the focus of mineralisation.

 

Ditau Camp Project

At Ditau Kavango is exploring multiple geophysical targets in an aggressive programme aimed at delivering rapid outcomes. This work is led by combining geophysics with geological knowledge to try to fingerprint targets including carbonatites, which are known to occur in the region. Kavango mobilised the diamond drill rig straight from the recent drill campaign in the KSZ to Ditau. This reflects the Company’s commitment to accelerating exploration across its project portfolio.

–  Kavango, through subsidiary Kanye Resources, is planning to diamond-drill up to six holes into up to three targets on licence PL010/2019 at Ditau, which is held in the Kanye Resources joint venture.

–  These holes are expected to be around 400m deep. All holes will be diamond cored. We plan to undertake core orientation and are giving consideration to wireline logging in order to maximise information/data from the drilling.

–  The primary target style is carbonatites, however other mineralisation styles may also be intersected, and so flexibility has been designed into this programme.

–  Progress is already good; the drillers, Mindea, have established a camp and mobilised the majority of equipment. Water supply is key to drilling in a desert; Kavango have redrilled an old water well, and have newly installed a solar-powered water pump, ensuring that a long-term sustainable solution is left for other local water users.

–  A further update will be provided once drilling commences.

 

General

Botswana is the highest ranked country in Africa in the 2020 Fraser Institute Investment Attractiveness Index. It is recognised by Transparency International (2016) as one of the most business-friendly countries in Africa. It is one of the fastest growing economies in the world and has one of the highest incomes per capita in Africa. It has good infrastructure, with an extensive road network covering over 18,000km. It benefits from a skilled and typically keen workforce in the mining sector. As well as meeting all our operational team and partners, I also met with:

–  T he Department of Mines and with the Ministry of Mineral Resources. Both reiterated how keen they are to support Kavango and all other companies in operating responsibly in the mining and mineral exploration sector.

–  The University of Botswana, whom we will be working with going forwards. As a first step Kavango has agreed to host students for study placements.

Now that I have returned to the UK, with a deeper understanding of our operational capabilities and technical details of our projects, I am looking forward to developing a much more comprehensive exploration strategy for the Company. Kavango has a great deal of potential, which we now need to realise. We have an exceptionally large portfolio of highly prospective projects and, more importantly, the people who can deliver success.

I am extremely happy to have taken on the role of COO with Kavango and will do all I can to help us deliver substantial success for our shareholders.

Brett Grist (COO, Kavango Resources Plc)

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  

+46 7697 406 06

First Equity (Joint Broker)

+44 207 374 2212

Jason Robertson 

SI Capital Limited (Joint Broker)   

+44 1483 413500

Nick Emerson

Lithium, Electric Vehicles and Cadence Minerals with Kiran Morzaria on the UK Investor Magazine Podcast

Lithium, Electric Vehicles and Cadence Minerals with Kiran Morzaira

The UK Investor Magazine was thrilled to welcome, Cadence Minerals CEO, Kiran Morzaria, to the podcast for a deep dive into Lithium, Electric Vehicles and Cadence Minerals.

We drill down into the Lithium market and where Cadence Minerals sits on the global stage.

Kiran provides deep insight into the global lithium market as we explore the upcoming supply deficit set to take hold from 2025. With prices Lithium soaring, we look at the longer term projections and the dynamics of Lithium spot prices.

We analyse the current requirements of Electric Vehicle market and how companies like Cadence are working to meet these needs.

Cadence has two Lithium projects Kiran presents in detail.

We finish by touching on Cadence’s flagship Amapa Iron ore project and what investors can look forward to after Kiran’s recent trip to Brazil.

Find out more about Cadence Minerals on their website and presentation at the UK Investor Magazine Metals and Mining Conference.

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