Well funded, is Kavango writing the next chapter in automobile history?
“…Nickel is the new gold and Kavango now has the means to unearth it…”
It’s not just Tesla chief executive Elon Musk who believes nickel is the new gold. Nickel is arguably the single most important metal component in electric-vehicle batteries. It’s a metal with real world application and it’s a metal that may be contained in Kavango Resources’ licences.
Kavango Resources wanted to raise £2 million in November 2020, and it did so comfortably with both existing and new investors sharing the board’s confidence that its Kalahari Suture Zone (KSZ) project is host to one or more large Copper-Nickel-PGM deposits.
Existing data is pointing to a Norilsk-type geology with a Norilsk-type potential, and for the uninitiated the nickel deposits of Norilsk-Talnakh are the largest-known nickel-copper-palladium deposits in the world.
To find if the data is correct Kavango plans to complete “large loop” electromagnetic surveys on the KSZ Project to identify high-priority drill targets for a major drill campaign commencing in 2021.
So confident is the board about the project’s potential it isn’t drawing a salary. Founder and non executive director Mike Moles explains the board’s reasoning to Sarah Lowther and reveals how the Kalahari Suture Zone project brought him out of retirement and why he won’t be hanging up his mining pick any time soon.
Click here to read the RNS about November’s oversubscribed placing
Want to know more about the geology of the Kalahari Suture Zone and the similarities with Norilsk? Watch this co-production between VNS Global and Kavango Resources for a visual tour.
The author was remunerated but does not hold shares in the company