London South East Natural Resources Webinar

RNS Number : 6012Z

Kavango Resources PLC

24 May 2021

 

PRESS RELEASE

24 May 2021

KAVANGO RESOURCES PLC

("Kavango" or "the Company")

London South East Natural Resources Webinar

Kavango Resources plc (LSE:KAV), the exploration company targeting the discovery of world-class mineral deposits in Botswana, will be presenting at the London South East May Natural Resources Webinar on 25 May 2021 at 17:45 BST.

Ben Turney, Executive Director of Kavango, will deliver a presentation titled "Why Kavango Resources should feature in your portfolio". This will be followed by a virtual question and answer session.

To view the presentation and participate in the Q&A please visit the following link:

https://us02web.zoom.us/webinar/register/4616057084894/WN_4mo_Tp8iTNyczo4hxQ_QcQ

Kavango Overview

Kavango is currently pursuing major exploration projects in the Kalahari Suture Zone ("KSZ") and the Kalahari Copper Belt ("KCB") in Botswana.

In the KSZ, Kavango's key focus in 2021 is "proof of concept". The Company has deployed sophisticated remote sensing technologies and advanced data modeling techniques to identify high priority drill targets, for a campaign later this year. The primary objective of future drilling will be to penetrate to the bottom of one or more of the "keels" in the gabbroic formations in the four 'Norilsk Style' target areas, described in the announcement on 30 November 2020.

If it achieves this goal, Kavango will become the first company ever to extract drill core from the bottom of the Karoo-age gabbros in the KSZ. Analysis of such drill core is expected to provide valuable data to help establish the system's potential to host magmatic sulphide ore bodies.

Meanwhile, in the KCB, Kavango is targeting large-scale copper/silver deposits, using tried and tested exploration methods.

The Company is currently working in two separate Joint Ventures ("JV"), one with Power Metal Resources ("Power Metal") and one with LVR GeoExplorers Pty Ltd ("LVR"). The JV with Power Metal also includes the Ditau Rare Earth Elements Project.

Kavango has recently flown extensive Airborne Electromagnetic ("AEM") surveys over the JV prospecting licences in the KCB. The Company is analyzing the results to augment future field exploration.

At the South Ghanzi Project (held within the Power Metal JV), Kavango announced on 14 May 2021 the identification of 7 conductors, which include three large, high-priority targets.

Results from the LVR AEM surveys are expected shortly.

At Ditau (also held within the Power Metal JV), Kavango continues to conduct surveys on the 10 "ring structures", which might represent potential carbonatites.  Carbonatites are the principal source of REEs including the much sought-after elements Neodymium (Nd) and Praseodymium (Pr), which are used in the manufacture of the new generation of electric vehicles (EVs), magnets and other high-tech applications. The Company expects to release an update on this in the coming weeks.

To view the presentation and participate in the Q&A please visit the following link:

https://us02web.zoom.us/webinar/register/4616057084894/WN_4mo_Tp8iTNyczo4hxQ_QcQ

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.

For further information please contact:

Kavango Resources plc   

Ben Turney

[e-mail]  

  First Equity (Joint Broker)

[phone]

Jason Robertson 

SI Capital Limited (Joint Broker) 

[phone]

Nick Emerson

Kavango Competent Person Statement

The information in this press release that relates to "geological and/or geophysical results" for the LVR Project is based on information compiled or reviewed by Mr Mike Moles BSc (Geology) & BSocSci (African Studies), a competent person who is a Member of the Australian Institute of Mining & Metallurgy. Mr Moles has sufficient experience that is relevant to the style of mineralisation and type of deposits under consideration and to the activity, which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves'. Mr Moles consents to the inclusion in this release of the exploration results for the Project in the form and context in which it appears. Mr Moles is a beneficial shareholder of Kavango Resources plc.

 

END

 

 

NRAAIMMTMTJTBIB