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KSZ Prospecting Licence Renewals
KSZ Prospecting Licence Renewals.
About this update from Kavango Resources Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 2745O\n Kavango Resources PLC\n 07 October 2021\n \n \n \n PRESS RELEASE\n \n 7 October 2021\n KAVANGO RESOURCES PLC\n (\"Kavango\" or \"the Company\")\n \n KSZ Prospecting Licence Renewals\n Kavango Resources plc (LSE:KAV), the exploration company targeting the discovery of world-class mineral deposits in Botswana, is pleased to announce renewal of five Prospecting Licences (\"PLs\") in the Company's Kalahari Suture Zone (\"KSZ\") Project.\n The renewed PLs are:\n \n - PL363/2018\n \n - PL364/2018\n \n - PL365/2018\n \n - PL163/2012\n \n - PL164/2012\n Each PL runs for an additional two years and are due to expire on 30 September 2023.\n The Company has recently completed drilling of two geological holes in PL163/2012 (\"Target Area A\"). Current drilling operations are ongoing in PL365/2018 (\"Target Area B\").\n -----------------------------------------------------------------------\n Further information in respect of the Company and its business interests is provided on the Company's website at www.kavangoresources.com and on Twitter at #KAV.\n For additional information please contact:\n \n \n Kavango Resources plc \n Ben Turney\n \n \n [email protected]\n \n \n \n +46 7697 406 06\n \n \n First Equity (Joint Broker)\n \n \n +44 207 374 2212\n \n \n Jason Robertson \n \n SI Capital Limited (Joint Broker) \n +44 1483 413500\n Nick Emerson\n \n Note to Editors:\n THE KALAHARI SUTURE ZONE\n Kavango's 100% subsidiary in Botswana, Kavango Minerals (Pty) Ltd, is the holder of 14 prospecting licences covering 7,573.1km2 of ground, including 12 licences over a significant portion of the 450km long KSZ magnetic anomaly in the southwest of the country along which Kavango is exploring for Copper-Nickel-PGM rich sulphide ore bodies. This large area, which is entirely covered by Cretaceous and post-Cretaceous Kalahari Sediments, has not previously been explored using modern techniques.\n The area covered by Kavango's KSZ licences displays a geological setting with distinct similarities to that hosting World Class magmatic sulphide deposits such as those at Norilsk (Siberia) and Voisey's Bay (Canada).\n The Norilsk mining centre is about 2,800km northeast of Moscow and accounts for 90% of Russia's nickel reserves, 5...