Kavango Resources Considers Joint Venture for Kalahari Copper Belt Assets in Botswana
Exploration company Kavango Resources has begun evaluating strategic options for its interests in Botswana’s highly prospective Kalahari Copper Belt, including the possible introduction of a joint venture partner.
The London- and Victoria Falls–listed junior mining company said on Monday that the review of its Kalahari Copper Belt portfolio is at an early stage.
It cautioned that there is no certainty the process will result in a transaction, nor clarity on the timing or terms of any potential agreement.
Kavango’s copper portfolio in Botswana comprises a contiguous licence package covering approximately 6,200 square kilometres.
The licences are strategically located along strike from MMG’s Khoemacau copper mine and Sandfire Resources’ Motheo copper-silver operation, both of which rank among the most significant recent copper developments in the Kalahari Copper Belt.
Exploration activities to date have produced encouraging early results. At the Karakubis prospect, diamond drilling intersected copper mineralisation in all seven of the initial drill holes. The company reported spot portable XRF readings exceeding 1% copper, along with evidence of widespread hydrothermal alteration.
Kavango added that regional geophysical data and structural interpretations indicate favourable folding patterns and contact zones between the D’Kar and Ngwako Pan formations.
These geological settings are known to host major copper deposits elsewhere in the Kalahari Copper Belt, reinforcing the project’s exploration potential.
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