Kavango Resources plc has completed its transaction for a 90% interest in six additional prospecting licences in Botswana’s Kalahari copper belt (KCB).
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Signed in September, the deal results in the company holding an extensive single contiguous project area in the KCB covering 7,629km2.
The new acquisitions lie adjacent to Kavango’s South Ghanzi licence block as well as the Karakubis block next to the Namibian border, which is the priority for copper-silver exploration.
Following a review, Kavango believes the lower D’Kar Formation mapped across two of its Karakubis licences (PL049/2020 and PL052/2020) extends into three of its six new licences (PL203/2016, PL127/2017 and PL205/2016).
Chief executive Ben Turney said that the company now controlled an under-explored section of the KCB, hosting “numerous mines and deposits”.
“Kavango has strengthened its geological understanding of its new licences by mapping their lithological sequences and stratigraphy.
“Meanwhile, the presence of galena and sphalerite – two important pathfinder minerals for copper mineralisation – is also encouraging.
“We will now continue to advance our understanding of the new licences’ mineral potential by investigating the potential sub-basin we have identified and interpreting their structure with satellite imagery.
“Both of these workflows will help us to develop priority drill targets over the coming months.”
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