Kavango Resources plc has secured strategic financing of £10,277,868 comprising a placing and convertible loan notes. LISTING The placing of 938,028,569 new ordinary shares of £0.001 each at 0.7 pence per share will raise £6,566,200, subject to a Financial Conduct Authority approved prospectus and shareholders. The company’s deputy chairman Peter Wynter Bee has additionally agreed […]
Tag: Botswana
Arkle progresses Africa lithium projects
Arkle Resources plc has started sampling at its two lithium brine licences in the Makgadikgadi salt pans in Botswana. ANALYSIS The programme comes ahead of early-stage prospecting due to begin in days on its Zimbabwe hard rock licences also prospective for lithium. Covering a total 837km2 the Makgadikgadi licences showed in July the presence of […]
Kavango identifies over 90 Karakubis trap sites
Kavango Resources plc has identified more than 90 interpreted trap-site features, with 10 priority targets for phase I drilling, at the 6,200km2 Karakubis copper project in Botswana. GOAL Previous analysis of core indicated the potential for the trap sites, which the company believes are associated with “doubly plunging anticlinal fold and fault structures”. Each potential trap […]
Arkle survey indicates Makgadikgadi brines
Arkle Resources plc said survey analysis across its two Makgadikgadi blocks indicated the presence of a conductive layer, expected to be brines, averaging 30 metres deep. SAMPLING Four wide spaced transient electromagnetic lines were completed across the near 1,000 km2 area in the salt pans of northeast Botswana, with results pending. Samples of the brines […]
Kavango confirms mineralisation at Karakubis
Kavango Resources plc said it had confirmed copper-silver mineralisation in the first high priority target at the Karakubis copper project in Botswana’s Kalahari copper belt. MODELLING Analysis of core also showed “further indicators of structural trap sites” and “validated” the company’s modelling of the KCB. Results also confirmed the project’s prospectivity for “large-scale copper/silver deposits”, […]
Kavango begins drilling Karakubis
Kavango Resources plc has begun drilling the first 15 high priority targets at the Karakubis project in Botswana’s Kalahari copper belt. DATA The drill holes, identified earlier this month, will check favourable “trap sites” and assess the potential for large scale copper-silver mineralisation. The company said that the 5,000 metre programme would test relatively shallow […]