The acquisition follows completion of Phase 1 of the company’s airborne electromagnetic survey over the Kalahari Suture Zone project, which is prospective for nickel, copper and platinum group metals.
This identified 26 conductive anomalies, a highly attractive result, and two of the three new prospecting licences are contiguous to the northern area covered by the survey.
The acquisition extends Kavango’s ground holding along the Kalahari Suture Zone by 2,300 square kilometres.
"Extending our land position to a total of 9,231 km2 following the assessment of our recent work provides the Company with an important strategic ground holding on the highly prospective KSZ,” said Michael Foster, Kavango’s chief executive.
“The KSZ is a 450km long under-explored magnetic feature of geological significance in the south-west of Botswana.”