Kavango Resources raises P54m for Kalahari exploration

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.