Kavango Resources plc plans a secondary listing on the Victoria Falls Stock Exchange (VFEX) in Zimbabwe.
IMMENSE
The company said that the proposed listing would provide access to a wider range of capital and shareholders and promote strong local ownership in its projects.
Kavango set up its Zimbabwe gold-focused subsidiary in July 2023.
Chief executive Ben Turney added that the planned listing was in keeping with 2030 Vision to transform Zimbabwe into an upper middle-income economy.
“Over the past 12 months we have made a strong commitment to invest heavily in Zimbabwe’s gold exploration and mining development sectors.
“We believe that Zimbabwe’s potential for hosting a multitude of large-scale, bulk minable gold deposits is immense.
“Kavango has made a very strong start in the short time we have been here, with our exploration and drilling already delivering positive results.
“We believe that the more success we have, the greater the chance that other international firms will follow our lead to invest in this great country.”