Kavango Resources PLC (LSE:KAV) is assessing potential strategic partnerships for its mineral holdings in Botswana’s Kalahari Copper Belt, which cover a combined licence area of approximately 6,200 square kilometres.
The company has recently delivered encouraging early-stage diamond drilling results at the Karakubis prospect. These findings point to the presence of copper mineralisation alongside geological features considered supportive of further discoveries. Kavango said the results strengthen the case for advancing the project, although it cautioned that there is no guarantee a joint venture will be agreed, nor any certainty around potential deal terms.
Management continues to review options as it seeks to maximise the value of the Kalahari Copper Belt portfolio while maintaining exposure to exploration upside.
More about Kavango Resources
Kavango Resources PLC is a Southern Africa-focused metals exploration and gold production company. Its activities include advancing mineral exploration projects, with a particular emphasis on copper-focused assets within Botswana’s Kalahari Copper Belt.
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