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”, […]
Tag: Kavango Resources plc
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 […]
Kavango NED buys 2m shares
Kavango Resources plc non-executive director Peter Wynter Bee has bought two million ordinary shares in the company. On 3 June, he purchased 1m shares each at a price of 1.425 pence. Mr Bee bought a further 1m of 1.5 pence each on 4 June.
Kavango identifies first Karakubis drill targets
Kavango Resources plc has identified the first five high priority targets for phase 1 drilling on the Kalahari copper belt (KCB) Karakubis project in Botswana. TRAPS The company holds all or the majority of 18 licences over more than 6,200 km2 with the potential for multiple large scale copper-silver deposits. Karakubis covers four of the […]
Kavango restructures board
Kavango Resources plc has restructured its board to have a more commercial and strategic focus. Chief executive officer Ben Turney will move to Zimbabwe to lead the company’s business in the country. Donald McAlister and Alexandra (Alex) Rose Gorman join the board, Peter Wynter Bee takes on a new role of deputy chairman, while Brett […]
Kavango raises £3m via Purebond support
Kavango Resources plc has raised £3,085,366 by issuing 257,113,862 new ordinary shares in the capital of the company at a price per share of 1.2 pence, via an underwritten accelerated bookbuild. DIRECTORS The company’s major shareholder Purebond Ltd, which subscribed for 221,213,862 new ordinary shares, underwrote the accelerated bookbuild. Purebond’s previous May 2023 investment in […]