Sport Capital Group Plc Update re. Investment
October 07 2019 - 2:00AM
UK Regulatory
TIDMSCG
THIS ANNOUNCEMENT IS NOT DEEMED BY SPORT CAPITAL GROUP PLC TO CONSTITUTE INSIDE
INFORMATION AS STIPULATED UNDER THE MARKET ABUSE REGULATION (EU) NO. 596/2014,
AS AMENDED ("MAR"), OWING TO THE PRIOR PUBLICATION BY OTHER PARTIES OF THE
SUBSTANTIVE INTELLIGENCE CONTAINED WITHIN IT.
Sport Capital Group PLC
("Sport Capital Group" or the "Company")
Update re. Investment
Sport Capital Group has made successive investments in Kalahari Key Metals
Exploration (Pty) Limited ("KKME") https://www.kalaharikey.co.uk/, a minerals
exploration company which explores in Botswana for nickel ("Ni.") and platinum
group elements ("PGE"). KKME holds three prospecting licences within the Molopo
Farms Complex, a large intrusion with proven potential for Ni. and PGE that
straddles the border of Botswana and the Republic of South Africa.
Further to the Company's announcement of 2nd September 2019 and consistent with
the Directors' policy of updating shareholders on developments affecting its
investments, the Company draws attention to regulatory news service
announcements concerning KKME issued earlier this week by Power Metal Resources
plc ("POW") https://www.powermetalresources.com/, the prospective
joint-venture partner and a significant shareholder of KKME, and by Two Shields
Investments plc https://twoshields.co.uk/. KKME has now received the report of
Mr. Cas Lötter, M. Sc., of Spectral Geophysics in Gabarone on the
interpretation of the ground-based, electro-magnetic ("EM") geophysics project
conducted in August of this year on certain areas of the Molopo Farms Complex
that were highlighted in the earlier aerial EM survey. The concluding remarks
are extracted from Spectral Geophysics' report:
"The NRGTM XCITETM helicopter-borne EM survey over the Molopo Farms Feeder Zone
project area, was extremely successful in delineating targets for potential
nickel sulphide exploration.
These targets were followed up with ground EM surveys utilising B field sensors
(Supracon Jesse Deep SQUID), with high power transmitters (HPTX), which greatly
enhance depth penetration and definition and discrimination of target
conductors.
Several [discrete], highly conductive 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.
Borehole parameters are provided to intersect the highest priority targets and
recommendations are made for further investigation of targets where warranted."
Future developments of significance concerning this and other investments will
be brought to shareholders' attention as and when the Directors become aware of
them.
Simon Grant-Rennick,
Chairman,
Sport Capital Group plc,
4th October 2019
This announcement has been made after due and careful enquiry; the Directors of
Sport Capital Group plc accept responsibility for the content.
Enquiries:
Sport Capital Group plc:
Simon Grant-Rennick: +44 (0) 797 325 3124; sgrelk7@gmail.com
Keith, Bayley, Rogers & Co. Limited:
Graham Atthill-Beck: +44 (0) 20 7464 4091; +44 (0) 750 643 4107; +971 (0) 50
856 9408; Graham.Atthill-Beck@kbrl.co.uk
Brinsley Holman: +44 (0) 20 7464 4098; Brinsley.Holman@kbrl.co.uk
END
(END) Dow Jones Newswires
October 07, 2019 02:00 ET (06:00 GMT)