Kavango Resources plc has started a second drill hole and expanded its exploration programme at Ditau Camp rare earth element (REE)-base metals joint venture (JV) in Botswana. JOINT VENTURE The 50-50 project comprises the operator and Power Metal Resources plc, as Kanye Resources. The JV holds two prospecting licences of PL169/2012 & PL010/2019, covering 1,386km2 […]
Tag: rare earth elements
Altona assays show ‘significant’ Monte Muambe REEs
Altona Rare Earths plc said the final Phase I assay results showed significant rare earth element (REE) levels at its Monte Muambe light REE project in northwest Mozambique. PROGRAMME Monte Muambe is a 4km diameter circular carbonatite intrusion in Tete Province, where the company began an initial drilling programme in October 2021. The company focused […]
Kavango-Power Metal complete first Ditau borehole
Kavango Resources plc and Power Metal Resources plc have completed the first diamond drill hole at the Ditau Camp rare earth element (REE) project in Botswana. JOINT VENTURE Ditau is a 50-50 strategic joint venture, operating as Kanye Resources, between Power Metal Resources plc and Kavango as the operator. The project comprises two prospecting licences […]
Altona raises £500,000 ahead of LSE listing
Altona Rare Earths plc has raised £500,000 ahead of its application for admission to the standard segment of the Official List and trading on the London Stock Exchange’s (LSE) Main Market. FUNDRAISE The company raised the funds via a placing of 6.25 million ordinary shares at 8 pence each, to satisfy its working capital requirement […]
Kavango-Power Metal start drilling at Ditau
Kavango Resources plc and Power Metal Resources plc have started diamond drilling target i10 at the rare earth element (REE)-copper Ditau Camp project in southwest Botswana. JOINT VENTURE The 50-50 joint venture (JV) is held as Kanye Resources plc, with Kavango as the operator. TARGET i10 Target i10 is a ‘carbonatite pipe’ type intrusive target. Kavango […]
Power Metal subsidiary develops Australia targets
Power Metal Resources plc said it was preparing for the most effective way to develop target areas in its gold, rare earth element (REE) and uranium projects in Australia. WALLAL-BRAESIDE WEST-RIPON HILLS The company owns 83.33% of local company First Development Resources Ltd (FDR), which plans to list on the London capital markets in Q3 2022. FDR recently completed a […]