Power Metal Resources PLC (AIM:POW) and Kavango Resources PLC (LSE:KAV, OTC:KVGOF) have expanded the scope of their Ditau project in Botswana to include base metals as well as rare earth elements.
The companies on Friday afternoon updated on the joint venture project where they are preparing for an accelerated drill programme for the I10 target. A spectral geophysics programme will imminently be conducted, following a previous exploration which identified a 2.5km by 2.8km target area using high AMT resistivity.
“We believe the Ditau Project holds much potential and it is very good to see the next phase of work underway culminating in drilling of a key target planned for this year,” said Power Metal chief executive Paul Johnson. “The interest in REEs is growing worldwide and to be actively progressing Ditau could not be more timely.”
The drill programme is expected to start in the fourth quarter.
Kavango chief executive Ben Turney added: “We’ve been extremely happy with the work Spectral Geophysics has done on our behalf in the Kalahari Suture Zone.
“The TDEM technology holds a great deal of promise to unlock the region’s prospective potential. The more we can test its use with drilling, the better.”
“Given the progress we are making in the KSZ, we have now decided to deploy Spectral’s TDEM equipment to Ditau. We are keen to complete a first TDEM survey at I10 to see if we can identify a conductive body.”