() () said it has been awarded two new prospecting licences on its flagship copper-nickel-PGM Kalahari Suture Zone (KSZ) project in Botswana.
“With the award of 1,258km2 of new prospecting licences and working capital over GBP3million, Kavango is well-positioned to take full advantage of its strategic hold over this highly prospective region,” said chief executive Ben Turney.
It also provided an update on its six-hole drilling programme in the Hukuntsi section of the KSZ. Double shift drilling has started on its second hole, which yesterday reached a depth of 137 metres of its anticipated target depth of 400-450 metres.
“I’m very pleased at how quickly we’ve progressed to double shift drilling at Hole TA2DD002,” said Turney. “Core recovery continues to be consistent and of the highest standard.”