Transcription of The Stock Network Interview with Kaoko Metals (ASX:KAO), Managing Director and Founder Gerard O’Donovan
Lel Smits: Kaoko Metals is exploring its wholly owned Chalkos copper-silver project in northwestern Namibia in what the company calls the least explored of Africa’s major copper belts. A $20 million placement in September brought new institutional investors onto the register and also funds geophysics ahead of a maiden drill program at the Caribbean Copper Gold Project. Ahead of appearing at the Rockstars Mining Investor event, I’m joined by Kaoko Metals Managing Director and Founder Gerard O’Donovan to discuss the first assay results from Otniel and where the drill rigs head next at Chalkos.
Gerard, welcome back to the Stock Network.
Gerard O’Donovan: Thanks, Lel.
Lel Smits: Now, when it comes to confirming shallow copper-silver at the Otniel discovery, the first holes ever drilled at Chalkos returned broad shallow copper, with silver rising in step with it.
What are these first results really telling you about the system here?
Gerard O’Donovan: Yeah, so look, just a really important result in its own right, in the sense that it’s confirmed that there’s copper at depth, it’s shallow, it’s good grade. And you’ve got to remember these are the first holes that have ever been drilled in this 400 square kilometre land package. So it’s confirmation that there’s a system here, there’s something happening, and now it’s down to us to go and explore it further and truly uncover what we have at Chalkos.
Lel Smits: Fantastic. And when it comes to targeting Donkey Hill and the wider Chalkos land holding here, a second rig is now drilling Donkey Hill, where mapping really keeps extending that copper at surface. How are you deciding where to drill next and also really such a large land holding?
Gerard O’Donovan: Yeah, so look, Otniel has established itself in its own right.
It’s a key target. We have a rig that’s turning there. As you mentioned, we have a second rig, which is drilling the second hole at Donkey Hill right now.
So we’ve completed one hole and we’re on to the second hole. You know, we are working in and around the historical workings. There’s quite a considerable and intense mineral zone, which is visible at surface.
And then, yeah, as you have alluded to as well, that’s extended the Donkey Hill in its own right to nearly 1.5 kilometres. So there’s a lot of drilling to happen at Donkey Hill as well as Otniel. Yeah, we’re going to continue well into the future drilling at Chalkos.
Lel Smits: Well, thank you for the update from Kaoko Metals and look forward to hearing more when you appear at the Rockstars Mining Investor event very soon.
Gerard O’Donovan: Thanks, Lel, appreciate you having me.
Ends