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Kavango Resources - London-based mineral explorer focused on Botswana - Says it has concluded its "Proof of Concept" exploration programme in the Kalahari Suture Zone, the most comprehensive campaign ever undertaken at KSZ, located at the western margin of the Kaapvaal Craton. Says the programme has provided geochemical proof of magmatic Ni-Cu-PGE mineralising processes (depletion and enrichment) throughout the entire KSZ.
Chief Executive Officer Ben Turney says: "Our strategy in the KSZ will now involve two parallel streams of work. In the field, we will continue deploying CSAMT and TDEM surveys (remote sensing technologies), while preparing to drill the B conductors. At the corporate level, we will step up our efforts in search of potential JV partners."
Current stock price: 1.95 pence, up 8.3% on Thursday
12-month change: down 59%
By Xindi Wei; xindiwei@alliancenews.com
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