Kavango Resources plc has granted 48 million share options to directors and persons discharging managerial duties and 20m to its key consultants.
Both sets of options are exercisable at a price of 1.1 pence per ordinary share for a period of seven years, with the consultant options vesting in phases over 24 months.
Non-executive chairman David Smith received 1.5m share options; chief operating officer and company secretary Brett Grist, 2.5m; executive director Jeremy S Brett, 2.5m; founder and executive director Hillary Gumbo, 1.5m; and chief executive officer Ben Turney, 40m.