kavango resources plc said monday that it has proposed an offer to acquire the entirety of kalahari key mineral exploration proprietary ltd which holds 60 of the economic interest in a nickel project in botswana the londonlisted mining company said the provisional offer in the molopo farms nickel exploration project replaces a proposed deal outlined in a previous program option announcement if the offer is accepted by holders of at least 90 of the shares in the acquired company kavango will publish a detailed exploration plan for molopo farms potentially including immediate diamond core drilling kavango said the complex transaction deals with a number of minority interests and it has agreed to a deal structure with 11 of the targets 12 interests molopo farms has significant potential and kavango has the team on the ground to accelerate exploration here rapidly we have a drill rig ready to mobilize that weve waited long enough to deploy chief executive ben turney said shares at 1414 gmt were down 005 pence or 15 at 335 pence