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Kavango Resources PLC

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Market:
LSE
Market Cap:
£3.64 m
Price
2.26 GBX
Change
-3.72%
52 weeks high
5.20
52 weeks low
1.40

In brief

KAVANGO RESOURCES PLC (“Kavango” or the “Company”)

is a mineral exploration company focused on Botswana. Its shares are listed on the London Stock Exchange (Standard List) with ticker KAV.L. At Admission on 31 July 2018 it raised gross proceeds of £1.5m.

Kavango has been set up by an experienced team of geologists and a geophysicist with a history of exploration discoveries in southern Africa. The focus in Botswana is centred on three projects, which are prospective for copper, nickel and PGE metals.

The Kalahari Suture Zone Project and the Ditau Project cover 12 Prospecting Licences (6,928km2) in the southwest of Botswana. The targets are nickel-copper-PGE deposits associated with a 450km long structural feature thought to extend deep into the earth’s crust.

The Kavango Copper Project in the northwest of the country where Kavango is exploring for mineralisation associated with the extension of the DRC-Zambia copperbelt.

The strategy of the Company is to repeat the successes of past discoveries through the discovery of world class deposits and the creation of value added for the benefit of all shareholders.

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Snapshot

Michael Foster, chief executive, highlighted the targets at KSZ as “highly attractive”.