Kavango Resources plc has been awarded a new licence and renewed six existing ones at its two polymetallic projects in Botswana.
PROJECTS
The company’s new licence and renewal of five is in the Kalahari Suture Zone project.
Kavango has also renewed its licence in its 50-50 joint venture with Power Metal Resources plc, currently under the business name of Kanye Resources plc, in the Ditau Camp rare earth element-base-precious metals project.
The company said that its total mineral rights in Botswana now cover 14,316km2.
STRATEGIC
Chief executive Ben Turney added that Kavango would now be able to plan a “substantial” work programme across its portfolio and advance discussions with potential partners.
“Securing the six Kalahari Suture Zone licences is particularly important, as it confirms Kavango’s strategic hold over this large-scale nickel/copper exploration project.
“With its strategically significant mineral rights package, Kavango is well placed to become a major player in the Botswanan metals’ exploration space.”