Kavango Resources plc is preparing final targets for a follow-up drilling programme at the 6,200km2 Karakubis copper project in the Kalahari copper belt, Botswana. DEPOSITS The company is targeting large-scale copper-silver mineralisation within the acreage of contiguous licences located on the border with Namibia Completion of a six-month ground geophysical programme, working with First Quantum Minerals […]
Tag: Botswana
Arkle raises £500,000
Arkle Resources plc has raised £500,000 via a private placing of 166,666,667 new ordinary shares at 0.3p per share with existing and new shareholders in the UK and Ireland. DIRECTORS The placing price represents a premium of 28%. Each placing share has one warrant attached to subscribe for one new ordinary share at 0.3p, for […]
Arkle awarded further licence in Makgadikgadi
Arkle Resources plc has been awarded a further prospecting licence in the Makgadikgadi salt pans in Northeastern Botswana. DRILLING Licence PL 0238/2025 covers 775 km2 and is adjacent to the company’s two existing licences which cover 837km2. Arkle aims to discover lithium in the brines with work so far identifying “depths of brines across the […]
Kavango chairman retires
Kavango Resources plc, focused on Botswana and Zimbabwe, announced that its chairman David Smith will retire from the board on 30 June 2025, among other management changes. COMPANY MOVES A solicitor and previously a partner in the company’s solicitors, Druces LLP, Mr Smith assumed his role in January 2021. “The company has advanced and developed […]
Arkle identifies lithium-magnesium in salt pans
Arkle Resources plc has identified lithium and “significant” grades of magnesium from preliminary regional sampling at the Makgadikgadi salt pans in Botswana. DRILLING The company took 20 samples from part of its 937km2 licences, noting “lower grades” of lithium in each one. Arkle said that lithium normally fluctuated in the salt pans and that higher […]
Kavango secures £10.27m financing
Kavango Resources plc has secured strategic financing of £10,277,868 comprising a placing and convertible loan notes. LISTING The placing of 938,028,569 new ordinary shares of £0.001 each at 0.7 pence per share will raise £6,566,200, subject to a Financial Conduct Authority approved prospectus and shareholders. The company’s deputy chairman Peter Wynter Bee has additionally agreed […]