KALAHARI KEY

INTRODUCTION

Kalahari Key Mineral Exploration Company Pty Ltd (“Kalahari Key”) is a special purpose company set up by an experienced team of explorers to search for base metals and PGMs in Botswana. Blenheim has invested $130,000 (£100,000) for 20% of the Kalahari Key with an option to increase to 33.3% (if no other dilution) at the same share price for the same investment.

HIGHLIGHTS

  • Excellent Pre-IPO Ni-Cu-PGM opportunity in a stable country in Africa
  • Experienced exploration team
  • Funding work to prepare key drilling programme
  • Early investment by BNR of $130,000 (£100,000) for 20% of the Company with option to increase to 33.3% (if no other dilution) at the same share price for the same investment
  • Board representation

Good Potential

The project is located on a large, layered ultrabasic-basic intrusion with an area of more than 13,000 km2. The geology was unknown until the late 1970s as it is covered by up to 200 m of superficial sediments in southern Botswana. It is related to the Bushveld Complex of South Africa, an important world-class source of PGMs. Furthermore, preliminary geological and geophysical studies suggest that it is a target for large nickel-copper PGM deposits, such as set out in the table below.

Name Country Ni Metal (Mt) Ni wt% Cu Metal (Mt) Cu wt% PGE Metal (t) PGE (g/t)
Voisey’s Bay 

Canada 

217 

1.59 

116 

0.85 

26 

0.19 

Noril’sk 

Russia 

2,320 

1.77 

4,673 

3.57 

12,438 

0.32 

Jinchuan 

China 

545 

1.06 

389 

0.75 

135 

0.26 

Pechenga 

Russia 

400 

1.18 

215 

0.63 

107 

0.32

Key People

Dr Roger Key, MBE is the initiator geologist of the project using his >40 years experience working in Africa and especially Botswana. He is joined by Dr Andy Moore, Simon Bate and Rick Bonner, with a combined 90 years’ experience in exploration including the Kalahari and similar rocks in Canada.

Stable Jurisdiction

Botswana is a politically stable, low-risk jurisdiction, ranked 70 out of 190 countries in the World Bank’s ‘Ease of Doing Business’ survey. It is a mature mining country with important resources in base metals, coal and diamonds. It has a competitive legal and fiscal jurisdiction and is ranked 12 out of 104 countries in the Fraser Institute’s global mining survey.

Exploration Programme

Blenheim’s investment will allow the team to develop an initial drill programme by prioritising a series of targets based on their geophysical and geological features. This phase is expected to be completed in early 2018.

Search