Kavango Resources PLC (LSE:KAV, OTC:KVGOF) is encouraged by the exploration potential across its large portfolio of projects, chief operating officer Brett Grist said in a letter to shareholders.
"I have worked around the world in mineral exploration and mining project development, including in West Africa and DRC. Botswana is, in my opinion, a pleasure to work in and a very favourable mining jurisdiction within which to operate,” Grist said.
“Botswana benefits from a skilled workforce, excellent road network, and a government that pro-actively supports mining.
“It has favourable geology for discoveries, as reflected in some of the recent high-grade copper discoveries now being operated in the Kalahari Copper Belt by companies such as Sandfire Resources.”
The mining executive added: “Now that I have spent time in-country, I have seen first-hand how Kavango has developed as a company over the last year. We now have a very strong team.
“The quality and volume of our work is notable for an exploration firm of our size. Our people are delivering a lot in the field, and I expect results to start flowing in the not-too-distant future.”
Investors can read the full statement here.