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Katoro Gold

Katoro Gold to drill Haneti as data highlights nickel potential

Mihanza Hill and Mwaka Hill will be targeted first to ascertain the existence of disseminated or massive sulphide mineralisation

nickel
Haneti is in Tanzania

Katoro Gold PLC (LON:KAT) shares soared higher on Wednesday following news the firm is to drill its 75%-owned Haneti nickel deposit in Tanzania after a review of historical data.

Mihanza Hill and Mwaka Hill will be targeted first to ascertain the existence of disseminated or massive sulphide mineralisation. they will also identify areas for further drilling.

Louis Coetzee, executive chairman of Katoro, said all the indications from the historical information point to a potential chonolith type nickel sulphide deposit. 

Katoro’s partner at Haneti is Power Metal Resources PLC (LON:POW), the former African Battery Metals.

In afternoon trading, Katoro Gold shares were 14.3% higher at 1.20p.

 -- Adds share price --

Quick facts: Katoro Gold

Price: £0.01

Market: AIM
Market Cap: £1.85 m
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