KAVANGO EXPLORES KALAHARI COPPER BELT

British company, Kavango Resources has announced plans to raise capital for further exploration on the under explored Kalahari Copper Belt. The company announced this week that it has embarked on strategic financing to raise £3 million, approximately P 45.33 million.

“Supported by many existing shareholders and new investors, we are now empowered to drive forward a dramatic exploration programme across our portfolio. Our current key focus is on our Kalahari Copper Belt interests, where the drilling programme is underway. “We are now fully funded for our ambitious plans through 2023 and are in an excellent position to achieve our goal of becoming the leading minerals exploration company in Botswana,” said Chief Executive Officer of Kavango, Ben Turney.

With three projects - Kalahari Suture Zone, Kalahari Copper Belt (KCB) and Ditau

Camp located in Hukuntsi and Ghanzi, the company intends using modern technology and surveying techniques to overcome historical barriers to exploration.

On the underexplored KCB, Kavango’s land package sits near large projects being developed by companies like Cupric Canyon, MOD Resources, and Sandfire.

In September, the developers of Motheo Mine, Sandfire also shared the same sentiment that the Kalahari Copper Belt is under explored, despite its significant copper terrane, with only 643 holes drilled in 15 years of regional exploration.

Kalahari Copper Belt extends for approximately 1000 km between Botswana and Namibia. Sandfire has anticipated heightened exploration through regional geophysical data collection to enable a holistic basin scale approach to targeting, supported by collaborative relationships with academia and industry counterparts to increase geological understanding.