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Kavango Resources #KAV – Shareholder presentation on KSZ Drilling
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 will be presenting at Shares Magazine Investor Evening on KSZ Drilling on Wednesday 16 June.
Ben is scheduled to speak at 1920 and will present the Company’s recently announced drill plans in the northern (Hukuntsi) section of the Kalahari Suture Zone.
Ben will provide shareholders and investors with screenshots and maps of the latest geophysical models Kavango has developed, following successful completion of further Time Domain Electromagnetic surveys in the area.
To register for the event please visit the link below.
https://www.sharesmagazine.co.uk/events/event/shares-investor-evening–webinar-160621
The presentation will be recorded and a copy will be made available via the Company’s social media channels.
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 (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.
Kavango Resources #KAV – Issue of options to key members of staff
Kavango Resources plc (LSE:KAV), the exploration company targeting the discovery of world-class mineral deposits in Botswana, is pleased to announce the Board has approved the grant of employee Share Options over 6,250,000 Ordinary Shares (the “Options”) to certain key members of staff.
The Options will be subject to a vesting period of one year, with half the Options vesting after six months and the remainder vesting after twelve months, provided the employee remains employed within the Kavango group. The Options are exercisable at a price of 5 pence per Ordinary Share for a period of seven years. The Options carry a vesting condition whereby the Options only become exercisable once the Company’s reported closing mid-market price per Ordinary Share closes above 7.5p on five separate trading days.
Ben Turney, Executive Director of Kavango Resources, commented:
“Kavango has recruited an outstanding team in Botswana. The creative energy they bring to our business is one of our least appreciated strengths. It is no coincidence our portfolio of projects is advancing at the pace it is.
Today’s option award recognises the substantial contribution our staff has made to Kavango over the years and provides them with significant motivation to help us to make major mineral discoveries in the future. As we enter the next important phase of exploration, I hope all their efforts are richly rewarded.”
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
First Equity (Joint Broker)
+44 207 374 2212
Jason Robertson
SI Capital Limited (Joint Broker)
+44 1483 413500
Nick Emerson
Kavango Resources #KAV – London South East Natural Resources Webinar
Kavango Resources plc (LSE:KAV), the exploration company targeting the discovery of world-class mineral deposits in Botswana, will be presenting at the London South East May Natural Resources Webinar on 25 May 2021 at 17:45 BST.
Ben Turney, Executive Director of Kavango, will deliver a presentation titled “Why Kavango Resources should feature in your portfolio”. This will be followed by a virtual question and answer session.
To view the presentation and participate in the Q&A please visit the following link:
https://us02web.zoom.us/webinar/register/4616057084894/WN_4mo_Tp8iTNyczo4hxQ_QcQ
Kavango Overview
Kavango is currently pursuing major exploration projects in the Kalahari Suture Zone (“KSZ”) and the Kalahari Copper Belt (“KCB”) in Botswana.
In the KSZ, Kavango’s key focus in 2021 is “proof of concept”. The Company has deployed sophisticated remote sensing technologies and advanced data modeling techniques to identify high priority drill targets, for a campaign later this year. The primary objective of future drilling will be to penetrate to the bottom of one or more of the “keels” in the gabbroic formations in the four ‘Norilsk Style’ target areas, described in the announcement on 30 November 2020.
If it achieves this goal, Kavango will become the first company ever to extract drill core from the bottom of the Karoo-age gabbros in the KSZ. Analysis of such drill core is expected to provide valuable data to help establish the system’s potential to host magmatic sulphide ore bodies.
Meanwhile, in the KCB, Kavango is targeting large-scale copper/silver deposits, using tried and tested exploration methods.
The Company is currently working in two separate Joint Ventures (“JV”), one with Power Metal Resources (“Power Metal”) and one with LVR GeoExplorers Pty Ltd (“LVR”). The JV with Power Metal also includes the Ditau Rare Earth Elements Project.
Kavango has recently flown extensive Airborne Electromagnetic (“AEM”) surveys over the JV prospecting licences in the KCB. The Company is analyzing the results to augment future field exploration.
At the South Ghanzi Project (held within the Power Metal JV), Kavango announced on 14 May 2021 the identification of 7 conductors, which include three large, high-priority targets.
Results from the LVR AEM surveys are expected shortly.
At Ditau (also held within the Power Metal JV), Kavango continues to conduct surveys on the 10 “ring structures”, which might represent potential carbonatites. Carbonatites are the principal source of 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. The Company expects to release an update on this in the coming weeks.
To view the presentation and participate in the Q&A please visit the following link:
https://us02web.zoom.us/webinar/register/4616057084894/WN_4mo_Tp8iTNyczo4hxQ_QcQ
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
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.
Kavango Resources #KAV – KSZ TDEM surveys – presentation on Vox Markets
Kavango Resources plc (LSE:KAV), the exploration company targeting the discovery of world-class mineral deposits in Botswana, will participate in an investor webinar on Tuesday May 18th at 5.30pm on Vox Markets.
Ben Turney, Executive Director of Kavango, will present the Company’s latest results of exploration in the Kalahari Suture Zone (“KSZ”).
As Kavango seeks to unlock the KSZ’s significant potential to host large-scale metal sulphide deposits, the Company has deployed Time Domain Electromagnetic (“TDEM”) surveying technology to identify targets, for a drill campaign later this year.
Following the success of the first TDEM surveys, Kavango recently entered into a strategic partnership with Spectral Geophysics, a highly experienced and effective operator of TDEM powerful technology, to complete a more extensive programme.
Further results are expected soon and Ben will take the opportunity on May 18th to present and provide context to the models Kavango has developed, which are guiding its exploration. Ben will be available to answer any questions webinar attendees have about the methods Kavango is using in the KSZ, how the Company has interpreted the data and the steps it is taking to de-risk this project before commencing drilling.
Please register your interest and submit your questions at https://voxmarkets.brand.live/c/vox-markets-webinar-may-18th
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
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.
Feedback PLC announces it has licensed TexRAD to Stone Checker
Feedback plc (FDBK), the medical imaging software company, previously announced on 13 April 2015 that it had signed a research agreement with the Oxford Stone Group at the University of Oxford & Oxford University Hospital NHS Trust, UK to investigate the potential future clinical application of Feedback’s TexRAD texture analysis software on computed tomography (CT) image data of patients with kidney stones. On 11 May 2015, Feedback announced the pilot results from a preliminary feasibility study.
A larger retrospective validation study comprising 90 patients carried out by the Oxford research team led by Mr Ben Turney (Bernard Senior Clinical Researcher in Urology at the University of Oxford and Honorary Consultant Urological Surgeon) is currently under way.
Following these studies, Feedback is pleased to announce the incorporation of a 50:50 joint venture company “Stone Checker Software Ltd” with U.K. Urology Associates Limited (UKUA) to commercialise the specific application of TexRAD texture analysis in Urolithiasis. To facilitate this, Feedback Plc has granted a licence of TexRAD intellectual property to Stone Checker.
UKUA has expertise in a wide range of technology applications in the specialist Urology field. This knowledge extends from the development and distribution of novel medical equipment for both benign and malignant urological diseases through to the use of software in urodynamics. The team comprises an experienced group of healthcare technology innovators.
The vision of Stone Checker is to develop a composite risk stratification software product following stringent clinical standards and regulatory standards. TexRAD CT texture analysis will be incorporated with other known clinical markers to develop an integrated product which would potentially assist urologists and radiologists to provide better patient management and treatment decisions for improved patient outcomes. There is a large potential worldwide market for a non-invasive risk stratification tool based on the common occurrence of kidney stones around the world.
Mr Jeevan Virk, Chief Operations Officer of UKUA commented: “The opportunity to collaborate with Feedback plc in the development of a specific urological software is hugely exciting and will provide enormous benefits to patients who will receive appropriate therapy, clinicians who will be able to optimise their use of time and improve success rates, and the healthcare payers who will no longer have to pay for high failure rates in lithotripsy. It is unusual to have a product which fully lines up to provide benefits to the whole clinical team, but this is the promise of Stone Checker software.”
Dr. Balaji Ganeshan, Chief Scientist & New Business Officer of the Company’s subsidiaries TexRAD Ltd & Cambridge Computed Imaging Ltd commented: “We are delighted with the formation of a new JV company with UKUA, Stone Checker Software Ltd, to develop a novel composite clinical score based software product dedicated to the management of kidney stone patients.”
For further information contact:
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Feedback plc |
Tel: 01954 718072 |
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Simon Barrell / Trevor Brown / Tom Charlton |
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Sanlam Securities UK (Nominated Adviser and Joint Broker) |
Tel: 020 7628 2200 |
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Simon Clements / Virginia Bull |
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Peterhouse Corporate Finance Ltd(Joint Broker) |
Tel: 020 7469 0936 |
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Lucy Williams / Duncan Vasey |