Things are moving.
After the proof-of-concept report we had compiled by Richard Hornsey recently, we’ve just struck a deal with Tamesis to help us bring on more investment to help take things to the next stage.
That could mean a joint venture, an earn-in or a more direct investment...
The end game is the same.
Bottom line: we’re looking to draw as much value for shareholders out of the opportunity we have at the KSZ as we can, and all these recent developments will help do exactly that.
It’s an exciting time.
But the work never stops.
Indeed, I write this to you not from my usual base down in Hampshire, but from my hotel in Gabarone, Botswana.
(Touching down in Botswana.)
That’s right, this instalment of Boots on the Ground really does live up to the name.
After arriving earlier in the week and catching up with various contacts, I met up with the Kavango team.
(Team Kavango set for business.)
We’re here for a whole host of meetings and presentations, before heading out this weekend to do some field work that I’m very excited about.
In fact, talking of excitement, as a small aside, I was very excited to get to meet a geophysics legend the other night, the great Cas Lotter.
Cas has been in the game for decades and there isn’t much he doesn’t know about what’s going on beneath the surface of the earth.
It was an absolute pleasure to get a chance to talk to him and pick his brain.
Cas is involved in a lot of exciting projects at the moment, and we spoke of how positive we both feel about where things are heading generally in the mining space right now.
(A genuine pleasure to meet Cas Lotter.)
Now it’s back to business, though…
Myself, Hilary, Brett and Tipps have all got a lot of work to do over the next few days and we are very interested to see how things are progressing out in the field.
As you can imagine, with all that’s been going on recently, and with everything we hope to learn from this trip, there’ll be a lot of news coming very soon.
But I can give you a few insights right now into what’s happening on the ground here.
Indeed, I can tell you that there is a lot of drilling going on around the Kalahari Copper Belt.
From what I’ve been seeing and hearing, this story is much bigger than I think many realise.
In fact, there are new mining pits from previous discoveries in the KCB that are being prepared for production, which is obviously a very bullish sign.
I’m keen to speak to more people and figure out just how big the scope is, but even from the conversations I’ve had already, I’ve picked up a whole host of helpful pointers for how to optimize our own drilling later this year.
That’s one of the great things about being on the ground like this. You really do get to see what’s really going on and can draw a lot from the lessons that others have learned.
It’s already been a great trip and there’s still a lot to see.
Of course, I’ll keep you updated here and elsewhere. But for now, I must get moving—exciting times ahead.
Though, before I do sign off for now, as you may have seen, we announced this week that one of our co-founders Mike Moles is retiring.
The fact of the matter is, we would simply not be where we are today without Mike’s work and everyone here at Kavango is eternally grateful to all the fine guidance he’s given.
The good news is, he’s agreed to stick around to guide us still, so though he’s stepping down in an official capacity, we’ll still have his wealth of experience on our side.
Thanks again, Mike. I know you’re as excited about Kavango’s future as I am.
And I’m sure you are too, dear reader. Things are coming together very nicely.
I’ll be in touch again with more news soon.