Kavango Resources raises P54m for Kalahari exploration

Testing samples: Kavango continues its drilling programmes in the West PIC: KAVANGORESOURCES.COM
Testing samples: Kavango continues its drilling programmes in the West PIC: KAVANGORESOURCES.COM

Emerging metals explorer, Kavango Resources, has sealed funding deals worth 3.5 million British pounds (P54 million) to advance its projects in the largely untapped western and southern Kalahari area.

The deal represents one of the biggest fundraising rounds for the exploration of the remote Kalahari, a relatively unexplored area of the country, hidden under thick sands but believed to contain large amounts of mineral riches, including base metals and the increasingly sought-after rare earths.

Kavango Resources, which is listed on the London Stock Exchange, holds 28 prospecting licences on the Kalahari Copperbelt and the far reaches of the Kalahari region, hunting for copper, nickel, platinum group elements and rare earth elements.

Editor's Comment
Tighten the law on drug dealers

Our youth are perishing; their once hopeful bright future is going down the drain; all because of illicit drugs.It is very easy to blame the addict, but it is not as simple as that! Drug dealing is a very lucrative business for some shameless people amongst our society and as such they have come up with tight strategies on how to push their business.Drug addiction is bad, and while the individual on drugs sometimes might have been the one who...

Have a Story? Send Us a tip
arrow up