Time really is of the essence for Kavango Resources
“…Blue sky potential for Kavango Resources as the next stage of exploration goes airborne…”
Chapterise Kavango Resource’s most recent history and it reads thus. February 2020 there is two prospecting licences in the Kalahari Copper Belt, and a joint venture with Botswana-based LVR GeoExplorers which provides Kavango with a staged earn in of the exploration assets.
Then there’s Covid, but there’s no exploration holiday, and Kavango is still obliged to spend circa £92,000 on each of the licences to acquire a 25% interest within the first 12 months of signing the joint venture agreement. The clock is ticking…
Three months later Kavango is granted two prospecting licences in the Botswana section of the Kalahari Copper Belt located directly to the southwest of Sandfire Resource’s T3 and A4 Dome copper-silver discoveries. The portfolio is expanding. The neighbours’ finds are tantalising.
In September there was the joint venture with Power Metal Resources, the latter injecting liquidity into Kavango’s wider project portfolio. in a week or so field work in the Kalahari Copper Belt recommences. Business has resumed and what is assumed to be under the soil is now being investigated, no longer protected by the pandemic.
Here, founder Mike Moles explains to Sarah Lowther how the restart of field work means the joint ventures have caught up on lost time and also when results from soil sampling are expected.
Watch Mike talk to Proactive UK’s Katie Pilbeam about the strategic joint venture with Power Metal Resources.
Read the RNS about the restart of field exploration in Botswana
The author was remunerated but does not hold shares in the company
