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 […]
Tag: rare earth elements
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 […]
Kavango prepares to drill test targets for REES at Ditau
Kavango Resources plc said it had identified three drill test targets out of 12 geophysical structures at its rare earth elements (REES) joint venture project at Ditau, Botswana. JOINT VENTURE Ditau is held in a 50-50 joint venture (Kanye Resources) comprising Power Metal Resources plc and Kavango as the operator. Kavango noted that the 12 […]
Kavango drops Molopo nickel to focus on Ditau rare earths
Kavango Resources plc said that, due to insufficient shareholder agreement, it had cancelled its acquisition plans for the Molopo Farms Complex nickel project in Botswana. OFFER To avoid further delays and costs, Kavango has turned its focus on the Ditau rare earth elements project. Yesterday, the company said it planned to make a provisional offer […]