JV Partner Sought for Kalahari Copper Belt

Summary by AI BETAClose X

Kavango Resources PLC is seeking a joint venture partner for its 6,200km² Kalahari Copper Belt mineral portfolio in Botswana, which is strategically located near MMG's and Sandfire's copper-silver mines. Diamond drilling at the Karakubis prospect has intersected copper mineralisation in all seven initial holes, with spot readings exceeding 1% copper and showing significant hydrothermal alteration. Regional geophysics and structural interpretation further support the potential for major deposits within the belt. The company has stated that this process is in its early stages and there is no certainty of a transaction.

Disclaimer*

Kavango Resources PLC
15 December 2025
 

15 December 2025

Kavango Resources PLC

("Kavango" or the "Company")

Joint Venture partner sought for Company's Kalahari Copper Belt Interests

 

Kavango Resources plc (LSE:KAV, VFEX:KAV.VX), the Southern Africa focused metals exploration and gold production company, announces that it is evaluating strategic options in relation to its Kalahari Copper Belt ("KCB") mineral portfolio in Botswana. This process is at an early stage and there is no certainty that it will result in a transaction, nor on the terms or timing of any potential deal.

Kavango's KCB portfolio comprises a contiguous 6,200km² licence position, located on-strike from MMG's Khoemacau and Sandfire's Motheo copper-silver mines. Diamond drilling at the Karakubis prospect has already intersected copper mineralisation in all seven initial drill holes, supported by spot pxrf readings in excess of 1% copper and evidence of significant hydrothermal alteration. Regional geophysics and structural interpretation indicate favourable folding and D'Kar-Ngwako Pan contact zones consistent with major deposits elsewhere in the Belt.

The Company will update shareholders as appropriate.

 

For further information please contact:

 

Kavango Resources plc
(Executive Chairman & Interim CEO)
Peter Wynter Bee
+44 7973 818125

Shard Capital Partners LLP

(Corporate Broker)
Damon Heath
+44 204 530 6926

BlytheRay
(Financial PR)
Tim Blythe/Megan Ray/Said Izagaren
kavango@blytheray.com
+44 207 138 3204

 

 

 



 

Inter-Horizon Group
(Sponsoring  Broker - Zimbabwe)
Lloyd Mlotshwa

lmlotshwa@ih-group.com

 

Nurture Advisory (Private) Limited
(Arrangers - Zimbabwe)

Zinzi Mlambo- Ziki

zinzi.ziki@nurtureinvest.com

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
UK 100

Latest directors dealings