Kavango Resources PLC (LSE:KAV, OTC:KVGOF) hired a financial adviser to lead its search for potential partners for its large-scale Kalahari Suture Zone (KSZ) project in Botswana.
Tamesis Partners LLP has been appointed to identify potential partners and provide advice on any potential corporate transactions.
Kavango has also set up a data room so it can share information about the project with interested parties on a non-disclosure agreement (NDA) basis.
Last week, Kavango announced a comprehensive review of all available exploration data at KSZ had demonstrated the project’s potential for nickel-copper-platinum group elements (PGE).
READ: Kavango Resources says data review proves discovery potential of Kalahari Suture Zone
"Following publication of the technical review of the Kalahari Suture Zone, Kavango is now ready to engage formally with potential partners for future development of this large-scale exploration project,” said chief executive Ben Turney.
“We are particularly excited to be working with Tamesis Partners LLP, given their strong track record of transactions in the mining sector.”
A corporate transaction could involve a joint venture, an earn-in, direct investment or other similar mechanism, the company said.
Kavango said it has a number of NDAs in place with interested parties and intends to advance discussions with additional parties now the data room is set up.