Kavango Resources PLC (LON:KAV) has acquired a new prospecting licence adjacent to the existing Ditau licence in Botswana.
The new licence covers an area of 916.4 square kilometres to the south west of the current licence. It includes the extensions of the Ditau geological and geophysical structures that have potential for base metal mineralization.
"Extending our land position at Ditau following an assessment of the company's recent work provides Kavango with an important strategic ground holding in this prospective area,” said Michael Foster, chief executive of Kavango Resources.
“Additionally we believe that this new licence could be instrumental in the farming-out of this project to an industry partner. This is currently Kavango's preferred option. Our main focus remains the Kalahari Suture Zone structure in southwest Botswana where drilling is expected to commence later this quarter".