Karelian Diamond Resources plc has raised £328,747 through a 38.8% discounted placing. USES The placing comprised 21,916,479 ordinary shares of €0.00025 each, at 1.5 pence perordinary share. Certain parties also capitalised amounts owed to them totalling £25,252.75 by the issue of 1,683,516 new ordinary shares at the issue price. Each placing share and investment share […]
Tag: platinum group elements
Power Metal targets ‘high priority’ superconductor
Power Metal Resources plc has identified a high priority drill target on a superconductor at the 1,723km2 Molopo Farms Complex nickel-platinum group elements discovery, southwest Botswana. TWO CONDUCTORS A hole, drilled in 2022, to a depth of 520m failed to intersect the modelled superconductor which is on target area T1-14. The company then engaged a geophysicist […]
Power Metal nears drilling 2,600m at Molopo
Power Metal Resources plc soon expects to start drilling a 2,600m strike-length target at its nickel-copper-platinum group element (PGE) Molopo Farms Complex project in Botswana. SURVEY AND MODELLING Ahead of the decision to drill, the company completed a high-resolution ground magnetic (ground-mag) geophysics survey over high priority Target 1-6 (T1-6) covering 2,700m by 1,600m. From […]
Kavango steps up search for JV partner following KSZ exploration report
Kavango Resources plc said it would accelerate its search for a joint venture partner following completion of the most comprehensive exploration programme on the Kalahari Suture Zone (KSZ) Botswana. SUMMARY The company will also continue geophysical surveys while preparing to drill the B Conductors in the project which focuses on discovering nickel-copper-platinum group element deposits. […]
Kavango extends deadline for Molopo acquisition
Kavango Resources plc announced an extension to the exclusive three-month option to acquire 85.23% of Kalahari Key Mineral Exploration Pty Ltd (KKME) in Botswana. DATE KKME is a private company, which currently owns 100% of prospecting licences PL310/2016, PL311/2016 and PL202/2018 known as the Molopo Farms project. The exploration project is focused on nickel, copper […]
Kavango targets majority share in Molopo
Kavango Resources plc said it had entered an exclusive three-month option to acquire the majority share of the nickel-copper-platinum group elements Molopo Farms Complex project in Botswana. BUSINESS PARTNERS In an all-share transaction Kavango would acquire 85.23% of Kalahari Key Mineral Exploration Proprietary Ltd (KKME) which owns prospecting licences PL310/2016, PL311/2016 and PL202/2018 at Molopo. […]