# Two Shields Investment: Results from Ground Geophysics at Molopo Farms Complex - Link: https://www.directorstalkinterviews.com/two-shields-investment-results-from-ground-geophysics-at-molopo-farms-complex/412794306 - Published: 2019-10-01T11:16:07+01:00 - Author: Amilia Stone **Two Shields Investments** (LON:TSI), the AIM quoted investment company with a strategy focused on building a portfolio of investments in to fast growing disruptive markets including technology metals, cyber security, e-commerce and technology enabled businesses, has today provided the results of the ground operations which were undertaken by Kalahari Key Mineral Exploration Pty Ltd at the Molopo Farms Complex project, a Botswana Nickel-Copper-PGMs exploration project 100% owned by Kalahari Key. The Project consists of licences covering an area of 2,725 square kilometres that are considered prospective for Nickel-Copper-PGMs mineralisation and is 100% owned by Kalahari Key. Kalahari Key has received the Report and today provided the same to its shareholders via a shareholder update. **Background and Summary of the Report:** ·    In late 2018 a helicopter airborne electromagnetic programme was undertaken at the MFC from which 17 conductor targets were identified within the feeder/shear zone; ·    Kalahari Key completed a ground geophysics programme in early August 2019 which included 11 loops over a total of 14 nickel-PGM mineralisation targets (increased from the 10 targets previously advised due to clustering of targets, and certain loops covering more than one target); ·    The Report describes the results of an electromagnetic survey, conducted during June to August 2019, to investigate conductor targets generated from the interpretation of helicopter airborne electromagnetic programme ·    Several discreet, highly conductive ore bodies were detected that can be classified as close to super-conductors. The identified conductors can possibly be massive nickel sulphides due to the spatial location, particular geological setting and associated magnetic response.  **Kalahari Key – Next Steps** The following summary was noted in the shareholder report from Kalahari Key: (a) the directors of Kalahari Key believe the Report is extremely positive and the basis for further work; (b) Kalahari Key is in the process of awarding a contract to Botswana contractor, to carry out the necessary environmental surveys including the statutory consultations with landowners and other stakeholders; and  (c) Kalahari Key is in discussion with a number of drilling companies with a view to the drilling programme commencing around the end of 2019. **BACKGROUND TO KALAHARI KEY AND THE MFC PROJECT** Kalahari Key, registered in Botswana, is a mineral exploration and geological consultancy company that was established by Roger Key, Andy Moore, Simon Bate and Rick Bonner in November 2014. In November 2016 the company acquired two mineral exploration licences (PL310/2016 and PL311/2016) from the Botswana Government.  The licences cover the eastern and central parts of a shear/feeder zone through the centre of the Bushveld-related Molopo Farms Complex in southern Botswana.  A third licence (PL202/2018) was acquired in early 2018 immediately to the south of PL311/2016. The target mineralization is Ni-PGM in the shear/ feeder zone.  Re-processing and re-interpretation of existing high-resolution airborne magnetic data and regional gravity data was initially used to identify target areas.  Selected core from previous exploration programmes has also been examined to better understand the geology of the Complex.   Towards the end of 2018, NRG^(TM) was contracted to complete a high-resolution helicopter airborne magnetic and Electro Magnetic survey over the feeder/shear zone using their Xcite ^(TM) methodology.  The preliminary analysis of the new geophysical data identified 17 conductor targets within the feeder/shear zone. In mid-2019 a ground geophysics programme was undertaken. The system employed was the High-Power Electro-Magnetic (“HPEM”) transmitter capable of transmitting up to 200A together with the ultra-sensitive Supracon Jesse-Deep SQUID (“superconducting quantum interference device “) sensor hooked up to the industry standard EMIT Smartem24 receiver. Transmitter loops of approximately 1km by 1km were laid out using 35mm2 aluminium wire and lines (100 or 200m spacing) were surveyed at either 50m or 100m reading interval, depending on depth to target.  In total 11 loops were undertaken around 14 individual targets from the original helicopter EM Survey. The data generated from the ground geophysics programme was reviewed in South Africa in August 2019 and 6 priority drill targets have been identified from which it is expected that 4 key targets will be the focus of a Phase 1 drilling programme.  **PROJECT LEVEL 40% EARN-IN TO THE MFC PROJECT** Not later than 31 December 2019, POW may elect, at its sole discretion, to earn- in to 40% of the MFC Project by entering into and then fulfilling a commitment to spend US$500,000 (“Committed Spend”) during the period to 31 December 2020. Upon POW entering into the Earn-in (or earlier with the agreement of all parties) an MFC Project operational committee (the “Committee”) will be established comprising members Roger Key (Kalahari Key Director), Andrew Bell (POW Director) and Andrew Moore (Kalahari Key Director).  The Committee will determine the allocation of the Committed Spend and management of operational activities.  Upon completion of the Earn-in expenditure requirement POW will hold 40% of the MFC Project The Committed Spend will be applied primarily to the completion of drilling of four targets at the MFC Project. Also, upon POW entering into the Earn-in (or earlier if agreed by all parties) Paul Johnson (POW Director) will join the Board of Kalahari Key. Neither the Committee members nor the existing or new directors of Kalahari Key will be remunerated for their services. Also, upon the Company entering into the Earn-in, a Joint Venture Agreement will be established between the parties which will determine strategy, operational management and corporate structuring.  This will include the usual fund or dilute provisions unless an alternate structure is agreed by the parties. _Two Shields Investment has a 17.8% interest in Kalahari Key. In addition, TSI owns 15,195,826 shares in Power Metal Resources plc (“POW”) representing approximately 4.1% of the issued share capital of POW. POW has an 18.26% shareholding in Kalahari Key and also has a right by 31 December 2019 to elect to earn into a 40% direct project interest in the Molopo Farms Complex project, through an investment of US $500,000 in the Project by 31 December 2020.  _ Share on: