Shareholder presentation on the KSZ, Botswana

RNS Number : 3124P

Kavango Resources PLC

17 February 2021

 

PRESS RELEASE

17 February 2021

KAVANGO RESOURCES PLC

("Kavango" or "the Company")

Shareholder presentation on the KSZ, Botswana

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 this evening's Shares Magazine Investor Evening.

Ben is scheduled to speak at 1855 and will give a presentation on the progress Kavango has made in proving up the Kalahari Suture Zone as a potential 'Norilsk-style' magmatic sulphide system.

To register for the event please visit the link below.

https://www.sharesmagazine.co.uk/events/event/shares-investor-evening--webinar-170221

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   

Michael Foster

[e-mail]

First Equity (Joint Broker)

[phone]

Jason Robertson 

SI Capital Limited (Broker) 

[phone]

Nick Emerson

NOTE TO EDITORS

The Kalahari Suture Zone

Kavango's 100% subsidiary in Botswana, Kavango Minerals (Pty) Ltd, is the holder of 12 prospecting licences covering 8,324.7km² of ground, including 10 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.

Definitions

High Speed EM 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.

Cumulate rocks:  are igneous rocks formed by the accumulation of crystals from a magma either by settling or floating.

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.

Magma plumbing system:   Magma plumbing systems are composed of stacked horizontal sills connected to each other via vertical dykes.  A continuous flow of magma (containing "free" sulphur) through a magma plumbing system may have allowed the accumulation of metal sulphides in certain trap sites within the sills. This is because metal sulphides are heavy and tend to sink to the bottom of magma. Over time, accumulations of metal sulphide could have led to the formation of economic deposits of Copper-Nickel-PGMs. 

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   

Olivine:   an olive-green, grey-green, or brown mineral occurring widely in basalt, peridotite, and other basic igneous rocks. It is a silicate containing varying proportions of nickel, copper, iron and other elements. Depleted Cu-Ni-PGM readings in olivines are an encouraging exploration vector, when searching for major Cu-Ni-PGM deposits.

Primary sulphides:   Are sulphide complexes (or crystals) that form as the magma cools and are composed of elements that are present at the time of initial crystallization. Secondary sulphides may form after the magma has solidified either by the introduction of new elements into the rock or by re-mobilising elements already present through changes in pressure, heat etc.

Pyrite: A shiny yellow mineral consisting of various metallic-looking sulphides, including iron disulphide. Depleted Cu-Ni-PGM readings in pyrites are an encouraging exploration vector, when searching for major Cu-Ni-PGM deposits.

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.

Xenolith:   A xenolith is a piece of rock trapped in another type of rock. Most of the time, a xenolith is a rock embedded in magma while the magma was cooling. 

Kavango Competent Person Statement

The information in this press release that relates to "geological and/or geophysical results" for the South Ghanzi 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.

 

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