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Kavango Resources Plc's Michael Foster outlines new Botswana JV with Power Metal Resources

Kavango Resources PLC's (LON:KAV) Michael Foster updates Proactive London's Andrew Scott following the news of a conditional sale of a 51% interest in its Ditau Project to Power Metal Resources PLC (LON:POW).

Separately KAV's raised gross proceeds of £358,500 in a placing and subscription.

Foster says the additional cash will be put towards working capital as well as work across its three project areas in the Kalahari Suture Zone, the Kalahari Copper Belt and Ditau.

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Price: 2.6 GBX

LSE:KAV
Market: LSE
Market Cap: £5.02 m
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Kavango Resources 'gearing up' after announcing Botswana joint venture with...

Kavango Resources PLC's (LON:KAV) Mike Moles speaks to Proactive London following the announcement of the Botswana strategic joint venture with Power Metal Resources. The venture will see the formation of a new, jointly owned, privately held company that is focussed on large-scale mineral...

3 days, 5 hours ago

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