Kavango Resources plc said it had entered an exclusive three-month option to acquire the majority share of the nickel-copper-platinum group elements Molopo Farms Complex project in Botswana. BUSINESS PARTNERS In an all-share transaction Kavango would acquire 85.23% of Kalahari Key Mineral Exploration Proprietary Ltd (KKME) which owns prospecting licences PL310/2016, PL311/2016 and PL202/2018 at Molopo. […]
Tag: nickel
Horizonte raises £147.4m via placing
Horizonte Minerals plc said it had raised approximately £147.4 million (US$197m) through a placing, an offering and subscriptions. The equity fundraise comprises: . 606,123,712 new ordinary shares in a UK placing, raising some £42.4m · 126,072,398: Canadian offering (£8.8m) · 74,738,416: Glencore subscription (£5.2m) · 533,845,825: Orion subscription (£37.4m) · 759,128,764: Mancha subscription (£53.2m)
Kavango identifies high priority Ni-Cu-PGE target at KSZ
Kavango Resources plc said it had identified 30km strike length of distinct magnetic Proterozoic gabbro at the Kalahari Suture Zone (KSZ) project in Botswana. REVISED MODEL The company added that the 30km strike length was now a high priority exploration target for the detection of possible large-scale nickel-copper-platinum group element (Ni-Cu-PGE) mineralisation. Strategic partner Spectral […]
Power Metal investee Katoro raises £815,000
Power Metal Resources plc’s investee Katoro Gold plc has raised £815,000 from a placing of 81,500,000 new ordinary shares at 1 pence per share, of par value £0.01 each. Power Metal holds a direct 35% interest in the company as well as 10,000,000 shares and 10,000,000 warrants.
Power Metal investee identifies VTEM anomaly at Pickle Lake
Power Metal Resources plc’s investee has identified a significant multi-line electro-magnetic (EM) anomaly at the nickel-copper Pickle Lake project in the Schreiber-Hemlo belt, Ontario, Canada. JOINT VENTURE The project, formerly known as Pezim II, is a joint venture (JV) between First Class Metals Ltd and Palladium One. In September 2021, Power Metal sold its Schreiber-Hemlo […]
Kavango identifies downhole conductive anomaly at KSZ
Kavango Resources plc said it had identified the upper edge of a conductive anomaly from an initial downhole electromagnetic (DHEM) survey at its Kalahari Suture Zone (KSZ) project in Botswana. SURVEY The DHEM survey, completed to a depth of 1.001m, was in drill hole TA2DD002 which is the second of the current drill campaign. Kavanago […]