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Kavango prove up the Kalahari

19 August 2022 12:36
LSE: KAV

Kavango Resources have confirmed the discovery potential of Botswana’s Kalahari Suture Zone after completing the most comprehensive exploration programme ever undertaken over the region.

With proof of concept validated, results will guide the explorer’s strategy as it moves on fully unlocking value from the fertile sands of the Kalahari.

The expansive programme not only authenticated the magmatic nickel-copper-platinum group mineralising process throughout the region, but identified unrecognised PGE potential, introduced new deposit models, and confirmed methods to isolate mineral targets.

Undertaken by Richard Hornsey, an established authority on nickel sulphide and platinum group exploration, the reports proved if mineralised deposits existed within range — that they would be found.

The company said it could now focus its programme with several exploration vectors to sharpen targeting over the regionally extensive project.

“When Kavango first set out on this project it was purely conceptual in nature. Today, we have assembled a significant data set that validates the discovery potential,” chief executive Ben Turney said.

“There is a high likelihood that potentially economic magmatic mineralisation may exist, both within the Karoo and the Proterozoic Tshane Complex — the main questions to answer now are where and at what depth?”

To answer that question, Kavango will move on two parallel workstreams with exploration continuing while it steps up efforts for JV partners with fresh data at its back.

KAV’s London Stock Exchange-listed share price has risen 6.94 per cent today, selling at 1.92 British pence (9.55am UTC+ 8 hours).

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