Media Library

News Release Media

KCB - Acquisition of six new PLs completes

Kavango Resources plc (LSE:KAV), the Southern Africa-focused metals exploration company, is pleased to confirm completion of its acquisition of a 90% working interest in six Prospecting Licences ("PLs") located in Botswana's Kalahari Copper Belt ("KCB") (the "Acquisition")

The Acquisition provides the Company with an extensive single contiguous project area in the KCB covering 7,629km2. Kavango is now one of the KCB's largest individual mineral rights holders.

Kavango believes its expanded project area is underlain by similar stratigraphy to that along strike of Sandfire Resources' (ASX:SFR) A4 deposit and Motheo Mine. Analysis of existing exploration data by the Company suggests this could incorporate a regional system that contains domal structures with folded and sheared trap sites. These are key exploration targets in the search for large-scale copper/silver mineralisation.

Figure 1: Kavango's expanded, contiguous KCB land package

Figure 1: Kavango's expanded, contiguous KCB land package 

Image