Today’s guest on the ValuetheMarkets podcast is Mike Moles, director and co-founder of Kavango Resources (LSE:KAV). The company, which is focused on three projects in Botswana that are prospective for copper, nickel and platinum group elements metals, released an announcement on Thursday detailing its recent progress.
In the interview, Moles first discusses Kavango’s licences covering a highly prospective geological trend called the Kalahari Suture Zone. Here, he says a thorough report on the project’s economic potential by Dr David Holwell, a leading authority on magmatic sulphide deposits, is likely to be released next week.
Although Covid-19 has affected Kavango’s operations on the ground, Moles also says that a considerable amount of desktop work continues. Specifically, the firm is crunching data from recent and historic drilling results, ground geophysics and airborne surveys.
Elsewhere, Moles discusses Kavango’s Kalahari Copper Belt Joint Venture, where it is looking to increase the size of its land position, and its Ditau project.
Kavango’s AIM peer Power Metal Resources (LSE:POW) is currently undergoing due diligence on Ditau in anticipation of acquiring a 51% working interest in the project.
All opinions expressed are those of ValueTheMarkets and the respective guests unless otherwise stated and should not be construed as investment advice or a recommendation to buy shares in any featured Company. Listeners are advised to do their own extensive research before buying shares which, as with all small-cap exploration stocks, should be viewed as high risk. Investors should also seek the advice of a qualified investment adviser or stockbroker as they deem appropriate.