(Kitco News) – The two junior miners listed in the UK have given an update regarding the Ditau project. Ditau includes two prospecting licences (PL169/2012 and PL010/2019) in a Strategic Joint Venture between Kavango Resources plc and Power Metal, with each having a 50% interest in the SJV.
Paul Johnson Chief Executive Officer of Power Metal Resources plc said “The Strategic Joint Venture with Kavango is surging ahead with work completed and announced from the Kalahari Copper Belt, and now from the Ditau Project”.
He added, “With the Ditau Project we are seeking a discovery of rare earth elements (REEs), which are highly valuable and sought after commodities, particularly from secure and stable jurisdictions such as Botswana. I look forward to reporting further updates from Botswana and the Ditau Project as material developments occur.”
Today the share price rallied another 10% hitting a new all-time high. A break of 3.00 seems like a milestone as the price tried and failed once before. If there is to be a retracement look out for 2.50 as it was a prominent resistance in the past and could be used to support price in the future.
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