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DJ Sport Capital Group Plc Update re. Investment

 
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)