StockMarketWire.com - African Battery Metals said it had entered into an acquisition and earn-in agreement for a nickel and platinum group metals opportunity in Botswana.

The company said it had acquired an 18.26% stake in Kalahari Key Mineral Exploration, which owned the Molopo Farms Complex project, for $194k.

African Battery Minerals also had an option to, by 31 December, elect to earn-in to a 40% direct project interest in the project, by expending $500k on ground exploration.

"This significant opportunity comes to us after the MFC Project has already benefitted from extensive historical exploration that has already identified 17 targets through Airborne Electomagnetic Surveys," said chairman Andrew Bell.

"There is some further Airborne Electromagnetic work to do, with ground exploration follow up and ongoing target prioritisation. ' 'However, the ultimate key to unlocking the value from exploration targets under sand cover is via the drill rig and we will be working with Kalahari Key to identify the quickest route to active drilling operations.'


At 2:06pm: [LON:ABM] African Battery Metals Plc share price was +0.05p at 0.45p



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