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 […]
Tag: Kavango Resources plc
Kavango completes acquisition of new Botswana licences
Kavango Resources plc has completed its transaction for a 90% interest in six additional prospecting licences in Botswana’s Kalahari copper belt (KCB). TARGETS Signed in September, the deal results in the company holding an extensive single contiguous project area in the KCB covering 7,629km2. The new acquisitions lie adjacent to Kavango’s South Ghanzi licence block […]
Power Metal sells 69.5m shares in Kavango for £550,000
Power Metal Resources plc has sold its entire holding of 69,500,000 shares in Kavango Resources plc at 0.8p per share for £556,000. JOINT VENTURE Power Metal and Kavango previously held a two-year strategic joint venture of Kanye Resources. In July 2022, Kavango said it intended to regain control of its interests by issuing 60 million […]
Kavango Resources directors buy 69.5m shares
Kavango Resources plc reported the purchase of a total 69.5 million ordinary shares in two directors’ dealings. Non-executive director Peter Wynter Bee purchased 63,250,000 each at 0.8p and chief executive officer Ben Turney bought 6,250,000 shares at the same price. The company’s current interests are copper in Botswana and gold in Zimbabwe.
Kavango extends Botswana exploration footprint
Kavango Resources plc has created a single expanded exploration area in Botswana by adding a 90% interest in six further licences in the Kalahari copper belt (KCB). DOMAL STRUCTURES The licences are next to the company’s Karakubis and South Ghanzi blocks, collectively forming a contiguous exploration area next to the Namibian border. Kavango said it […]
Kavango signs two more Zimbabwe gold options
Kavango Resources plc has signed an exclusive six-month option to acquire two further gold exploration projects in Matabeleland, southern Zimbabwe. HILLSIDE The company said the Hillside and Leopard projects each had the potential to host bulk mineable gold deposits. Hillside comprises 40 contiguous gold claims and contains a historic high-grade underground mine, reported to have […]