Kavango Resources plc said its new Zimbabwe mining subsidiary will this month start generating revenue with the Hillside gold project. PROSPECTS Kavango Mining (Pvt) Ltd signed its first contract to begin immediate gold mining by taking over operations for 100% revenue. Today’s news follows Kavango’s plans to generate early cash flow by extracting gold from […]
Tag: Kavango Resources plc
Kavango looks to early cash flow from Nara gold dump
Kavango Resources plc could see early revenue from “significant” near-term gold production at tailings dumps on its Nara gold option in Zimbabwe. MINERAL RESOURCE ESTIMATE The project comprises 45 contiguous gold claims, each of 10 hectares, covering four historic mines. The company’s inaugural mineral resource estimate on two dumps combined showed an indicated 293,000 tonnes […]
Kavango progresses Zimbabwe projects ahead of drilling
Kavango Resources plc has progressed exploration activities towards new or expanded drilling programmes at its gold projects in southern Zimbabwe. PREPARATIONS Acquired in July 2023, the Hillside project in Matabeleland comprises 40 contiguous gold claims and contains a historic high-grade underground mine. Kavango plans 16-line km induced polarisation surveys over four of the prospects, aimed […]
Kavango extends Hillside option to review tax changes
Kavango Resources plc has agreed a 90-day extension to the Hillside gold option in Zimbabwe in order to review changes to tax laws. UNCERTAINTY The company said that, based on technical data gathered from exploration including initial core review, it had intended to exercise the option today. The extension follows uncertainty over the impact of […]
Kavango completes KCB licences airborne survey
Kavango Resources plc has completed an airborne geophysical survey over its 7,629km2 Kalahari copper belt project in Botswana. CONFIDENCE The survey will test whether the copper-silver prospective geological and geophysical features, interpreted on the recently acquired three licences of PL203/2016, PL127/2017 and PL205/2016, extend into the company’s pre-existing adjacent licence areas. The survey covered block […]
Kavango COO Brett Grist acquires 1.4m shares
Kavango Resources plc chief operating officer Brett Grist has bought 1,353,179 ordinary shares each at 0.739p in the company. The £10,000 purchase was made on 12 December 2023.