Power Metal Resources plc has sold its entire holding of 69,500,000 shares in Kavango Resources plc at 0.8p per share for £556,000. JOINT VENTURE Power Metal and Kavango previously held a two-year strategic joint venture of Kanye Resources. In July 2022, Kavango said it intended to regain control of its interests by issuing 60 million […]
Tag: Kanye Resources plc
Kavango secures new licence and renews six in Botswana
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 […]
Kavango’s Ditau rare earth and KCB projects valued at $8 million
Kavango Resources plc said it had received an independent valuation of US$8 million for its rare earth element (REE) Ditau Camp and Kalahari Copper Belt (KCB) joint venture in Botswana. VALUATION The 50-50 JV, under Kanye Resources plc, is between Power Metal Resources plc and operator Kavango which intends to regain 100% control of the […]
Power Metal-Kavango report further progress at Botswana projects
Power Metal Resources and Kavango Resources’ joint venture reported further progress from their rare earth element (REE)-base metals projects in southwest Botswana. JOINT VENTURE The 50-50 partners operating as Kanye Resources have assets comprising Ditau Camp and in the Kalahari Copper Belt (KCB). DITAU CAMP At Ditau, operator Kavango completed four diamond drill holes across […]
Kavango to acquire Power Metal share of Botswana JV
Kavango Resources plc is to acquire Power Metal Resources’ 50% share of their two-year joint venture and regain control of its rare earth element (REE)-base metal projects in Bostwana. KANYE RESOURCES The partners’ company Kanye Resources owns working interests in 10 prospecting licences in the Kalahari copper belt (KCB), covering 4,257km2. Kanye also owns two prospecting […]
Kavango-Power Metal start fourth Ditau drill hole
Kavango Resources plc said it had completed the third diamond drill hole on the i1 target and started drilling the next target at the Ditau Camp joint venture (JV) rare earth element (REE)-base metal project in southwest Botswana. DITAU CAMP The 50-50 JV, under the name of Kanye Resources, is between Kavango as the operator […]