KAVANGO Resources plans to raise £6,56 million (US$8,17 million) through the issuance of 93,02 million new shares at £0,007 each, with a focus on its projects in Botswana’s Kalahari Copper Belt and the Hillside and Nara projects in Zimbabwe.
The company is actively developing key projects in Botswana, particularly the KCB, where it has commenced a 5,000-metre diamond drilling programme.
Its expansion into Zimbabwe includes acquiring options for the Nara and Hillside gold projects.