Kavango Resources plc has exercised its call option over the Hillside and Leopard South projects in Zimbabwe.
The company said it intended to extend the call option on Leopard North to 30 June 2025.
Purchase agreements for Hillside and Leopard South are being drawn up with completion scheduled for 15 May 2024.
In January, Kavango extended the Hillside option while the company reviewed tax changes in Zimbabwe.