Kavango secures new licence and renews six in Botswana

editorial

2 years ago

Kavango Resources plc has been awarded a new licence and renewed six existing ones at its two polymetallic projects in Botswana.

Package: Kavango is well placed to become a major player in the Botswanan metals’ exploration space (*Pixabay*)

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 14,316km^₂.

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.”