Kavango Resources' Kanye assets independently valued at US$8mln
Afrasia valued the assets of a combination of a market and cost approach
Company
LON:KAV
Kavango Resources plc is a Southern Africa focused metals exploration and gold production company. The company is unlocking the mineral potential of Southern Africa through a focused, dual-track strategy.
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Afrasia valued the assets of a combination of a market and cost approach
A Norilsk-style discovery would be of major significance, both for Kavango and for Botswana
"Today's deal is a very important step forward for Kavango"
“These are complex targets, in an area where there was almost no prior geological data"
"The Ditau drilling is moving at significant pace through the key targets,” said Power Metal chief executive Paul Johnson
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"The drill core we've recovered is visibly attention-grabbing," said Kavango chief executive Ben Turney
Kavango shares jump 19% after Great Red Spot update and an oversubscribed placing
“The quality and volume of our work is notable for an exploration firm of our size," chief operating officer Brett Grist said in a letter to shareholders
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The drilling campaign will primarily target REE mineralisation, although there is also the potential for nickel, copper, and platinum group element mineralisation
"This was the kind of deal that would only work with unanimous approval"
“A deal structure was agreed last week with eleven of KKME's twelve participating shareholders"
The re-modelled B1 Target Area contains two-conductor targets that Kavango believes are prospective for nickel/copper (Ni/Cu) sulphides.
The report from the Kalahari Suture Zone covered samples from two holes
“This upgrades the priority of this target as a possible nickel copper sulphide body,” said chief executive Ben Turney
KKME owns 60% of the Molopo Farms Project, which is a nickel/copper/platinum group elements exploration project in southern Botswana
"We are keen to pursue the possibility that the Great Red Spot could host stacked mineralised systems"
"We now have the clearest indication yet that Hole KSZDD002 is on course to intercept a major conductor."
Kavango is targeting some huge structures buried deep beneath the Kalahari sands