Kavango Resources plc has identified the first five high priority targets for phase 1 drilling on the Kalahari copper belt (KCB) Karakubis project in Botswana. TRAPS The company holds all or the majority of 18 licences over more than 6,200 km2 with the potential for multiple large scale copper-silver deposits. Karakubis covers four of the […]
Tag: Kavango Resources plc
Kavango restructures board
Kavango Resources plc has restructured its board to have a more commercial and strategic focus. Chief executive officer Ben Turney will moved to Zimbabwe to lead the company’s business there. Donald McAlister and Alexandra (Alex) Rose Gorman join the board, Peter Wynter Bee takes on a new role of deputy chairman, while Brett Grist and […]
Kavango raises £3m via Purebond support
Kavango Resources plc has raised £3,085,366 by issuing 257,113,862 new ordinary shares in the capital of the company at a price per share of 1.2 pence, via an underwritten accelerated bookbuild. DIRECTORS The company’s major shareholder Purebond Ltd, which subscribed for 221,213,862 new ordinary shares, underwrote the accelerated bookbuild. Purebond’s previous May 2023 investment in […]
Kavango exercises Hillside-Leopard South options
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 […]
Kavango produces first refined gold
Kavango Resources plc’s first monthly production nearly reached the company’s 2024 target at its Hillside gold project in Matabeleland, southern Zimbabwe. INCREASE Final refined gold production in March was 899.6g of gold, which is anticipated to show a “significant increase” as direct mining begins. Any surplus generated will be used in its exploration programmes in […]
Kavango results strengthen Hillside gold potential
Kavango Resources plc said first drill results underlined the potential for a million ounces gold at its Hillside prospect 4 in Matabeleland, southern Zimbabwe. VISIBLE Scoping hole SKDD001, drilled to 247.40m, targeted mineralisation in a steeply dipping shear zone below artisanal workings. The company said that the hole intersected the targeted shear zone being worked […]