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Kavango Resources sees huge upside at KSZ in Botswana

Snapshot

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

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Quick facts: Kavango Resources PLC

Price: 2.4 GBX

LSE:KAV
Market: LSE
Market Cap: £3.86 m
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  • Kavango Resources is a copper explorer focused on Botswana

  • Main projects are Kalahari Suture Zone, Ditau Project and Kavango

  • Drilling at KSZ set to start in October

 

What it owns

Kalahari Suture Zone (KSZ)  and the Ditau Project cover 12 Prospecting Licences (6,928sq km) in the southwest of Botswana.

The targets are nickel-copper-PGE deposits associated with a 450km long structural feature.

The Kavango prospect is a potential extension of the prolific DRC-Zambia copperbelt

In September, Kavango Resources PLC (LON:KAV) signed a memorandum of understanding with LVR GeoExplorers to farm into two prospecting licences in the Botswana section of the Kalahari copper belt.

Under the terms of the farm-in deal, Kavango will have the right to earn up to a 90% interest in both or either of the licences.

One of the licences is close to MOD Resources' T3 development, while the other is near the Namibian border.

 

How is it doing

In October, Kavango began an initial drilling programme at KSZ.

The programme envisages some 1,000 metres being drilled across three holes, due to cut into targets at depths between 200 to 400 metres.

A Botswana company that has previously been involved in the discovery and development of a number of deposits on the Kalahari Copper Belt will handle the drilling.

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

“These priority targets are now ready for drilling,” Foster added.

“The drilling company has been mobilised and within a short period of time we will be drilling on the KSZ.

“This has been an innovative and systematic mineral exploration programme in a very under-explored region of SW Botswana that we believe has excellent potential to host significant base metal deposits."

 

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Inflection points

  • Results from drilling at KSZ
  • Completion of acquisition of Kalahari licences
  • More exploration at Ditau to understand better the geology
  • Looking for a partner at Ditau to help with cost of exploration

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Watch

Kavango Resources' Mike Moles updates on KSZ drilling programme

Kavango Resources' (LON:KAV) Mike Moles speaks to Proactive London's Andrew Scott following his recent visit to the site of drilling of the first hole at their Kalahari Suture Zone project in Botswana.  Moles says the idea behind the campaign is to verify the company's geological model...

3 weeks, 3 days ago

2 min read