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Nickel targets confirmed at Molopo Farms Complex

Publishing Date : 07 October, 2019


Mineral exploration company, the Kalahari Key, has just completed mineral exploration work at the Molopo Farms Complex (MFC), where it has confirmed the presence of nickel sulphate targets covering an area of 2 725 square kilometres.

The nickel exploration project is fully owned by Kalahari Key while Power Metal has an 18.26 per cent shareholding in the same project.  Soon after the announcement of the presence of the nickel sulphate targets at the MFC, the share prices in Power Metal jumped steadily at the London Stock Exchange - AIM - by 19.33 per cent. “I remain fascinated by the Kalahari Key opportunity and intrigued as to what might lie beneath the drill locations,” Power Metal executive director, Paul Johnson said soon after the confirmation of the mineral.

“I am equally keen to work with the Kalahari Key team to determine and implement the project development pathway.  We look forward to keeping shareholders updated in this regard,” he added. The nickel targets were identified from an interpretation of ground geophysics work, which started in late 2018 and was completed last August. The data generated from the ground geophysics programme was reviewed in South Africa in August 2019 and six priority drill targets have been identified from which it is expected that four key targets will be the focus of a Phase One drilling programme.

According to the exploration report, several discreet and highly conductive ore bodies were detected during the period.  It said the identified conductors can possibly be massive nickel sulphides due to the spatial location, particular geological setting and associated magnetic response. In a report to shareholders soon after the announcement, Kalahari Key directors said they believed the report is extremely positive and the basis for further work.

“Kalahari is in the process of awarding a contract to a Botswana contractor, to carry out the necessary environment surveys including the statutory consultations with landowners and other stakeholders.  Kalahari is in discussion with a number of drilling companies with a view to the drilling programme commencing around the end of 2019,” the directors said.

The primary activity of Kalahari Key is to explore for nickel, copper and platinum group metals in the southern part of Botswana. It was established in November 2014 by a group of geologists and geophysicists with over 130 years’ experience in the field.  In 2014 Kalahari Key acquired two mineral exploration licences from the Government while a third licence was acquired in early 2018.



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