KAO – Kaoko Metals Limited

KAO IPO went AOK
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The company takes its name from the location of its flagship project, the Chalkos copper-silver project on the northern Nambian copper belt of the same name which, like the Otavi belt, is analogous to the famed Central African Copperbelt straddling the DRC and Zambia.

Kaoko has followed up its recent listing by announcing this week that its maiden field program at Chalkos and its Karibib gold-copper-tungsten project in the Damara belt to the south, was now being mobilised.

Drilling and assays results will flow thick and fast in the second half of the year from both projects.

Managing director Gerard O’Donovan told an investor call during the week that Kaoko’s modus operandi was to keep the foot on the gas.

“We have (surface) mineralisation staring us in the face,” he said. “We’re going to go drill it and find out what we have.’’

He said Chalkos was a landholding with minimal past exploration despite its favourable geology. Outcropping mineralisation at the prospect is extensive, with previous surface sampling returning grades of close to 70% copper and 2030g/t silver.

Karibib has been lightly drilled in the past, returning high-grade copper, gold and tungsten near surface hits. Historical results include a 4m intercept from 9m grading 1.98% copper, 0.92g/t gold and 0.72% tungsten.