Kavango Resources says full-year pretax losses narrow
“Progress at the project level has been achieved despite the global pandemic and related travel restrictions,” said chairman David Smith
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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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“Progress at the project level has been achieved despite the global pandemic and related travel restrictions,” said chairman David Smith
The KSZ project shows notable similarities to the famous Norilsk project in Russia
To date the Kalahari Suture Zone has shown intriguing similarities to the famous Norilsk deposit in Russia
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The company aims to identify targets for test drilling in the second half of the year
The methodical, scientific approach taken by Kavango has generated an impressive dataset already
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It’s not as outlandish a proposition as it sounds, given the geological structures that Kavango is beginning to uncover on its Kalahari Suture Zone project in Botswana.
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A glance at some of the day's highlights from the Proactive Investors newswire
The Kalahari Suture Zone could turn out to be transformational for the company
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A glance at some of the day's highlights from the Proactive Investors newswire
The latest independent consultant's report on core samples from 2019's drilling campaign on the KSZ confirmed two more characteristics that KSZ shares with the PGMs-rich Norilsk deposits in Russia
Mira Geoscience will model for potential subsurface trap zones that occur in association with the conduits at depths of up to 300 metres from surface.
The licence terms are for an initial period of three years, however, they can be extended to seven, with Kavango adding that the acquisition of further licences is currently underway
The company, which is targeting the discovery of mineral deposits in Botswana, noted the country had “dealt admirably” with COVID-19 and is already easing travel restrictions
The Kalahari Suture Zone has the potential to be a world-class copper, nickel and platinum group deposit, the company reckons
Michael Foster, chief executive, highlighted the targets at KSZ as “highly attractive”.