Kavango Resources Plc

KAV

GB00BF0VMV24

Specialty Mining & Metals

Market Closed - London S.E. Other stock markets 11:35:21 2024-05-08 am EDT			5-day change	1st Jan Change
1.175 ^GBX	-4.08%		0.00%	+80.77%

May. 02	Microsaic wins contract; Frontier inks Canadian deal	AN
May. 01	Kavango Resources raises GBP3.1 million via bookbuild	AN

Kavango touts indicated gold at Nara project in Zimbabwe

March 06, 2024 at 11:18 am EST

Kavango Resources PLC - Southern Africa-focused metals explorer - Reports indicated mineral resource at an average of 0.62 grammes of gold per tonne at the Nara gold project in Zimbabwe, for a total of 5,860 ounces gold contained. Further, notes an inferred resource of 11,900 tonnes at 0.66 grammes of gold per tonne for a total of 253 ounces. Chief Executive Officer Ben Turney says: "While our primary objective is to discover larger-scale, bulk minable gold deposits, the 6,000 ounces of gold in the main tailings dump present an early opportunity for commercialising this project." He adds: "We will now commence metallurgical test work to optimise plant design to enable future gold production."

Current stock price: 0.78 pence each, up 12% on Wednesday afternoon in London

12-month change: down 34%

By Tom Budszus, Alliance News slot editor

Comments and questions to newsroom@alliancenews.com

Stocks mentioned in the article

Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
DOW JONES AFRICA TITANS 50 INDEX	472.1 PTS	-0.19%	+2.76%	-
S&P AFRICA 40 INDEX	161.6 PTS	-0.15%	+4.09%	-
KAVANGO RESOURCES PLC	1.175 GBX	-4.08%	0.00%	24.01M

Latest news about Kavango Resources Plc

Microsaic wins contract; Frontier inks Canadian deal	May. 02	AN
Kavango Resources raises GBP3.1 million via bookbuild	May. 01	AN
Smarttech247 inks USD2.1 million contract	Apr. 29	AN
EARNINGS AND TRADING: Graft Polymer extends loan; ASA profit down 30%	Apr. 23	AN
Kavango finds 9.95 gold grammes per tonne at Hillside	Apr. 23	AN
Kavango Resources Reports Interception of Gold Mineralization at Zimbabwe Project	Apr. 23	MT
Kavango Resources Plc exercised option to acquire Hillside Project and Leopard South Project.	Apr. 22	CI
Kavango finds potentially mineralised zones at Hillside	Apr. 22	AN
Kavango Resources Launches Tender for Drilling at Botswana Project	Apr. 19	MT
Kavango Resources announces drill tender for drilling at Karakubis	Apr. 19	AN
Kavango Resources loss widens; eyes Kalahari drilling start	Apr. 18	AN
Kavango Resources Plc Reports Earnings Results for the Full Year Ended December 31, 2023	Apr. 18	CI
EARNINGS AND TRADING: AssetCo deputy retiring, Chapel Down ups revenue	Apr. 16	AN
Kavango celebrates drilling results at Hillside, Zimbabwe	Apr. 15	AN
Kavango Resources plc Announces the First Assay Results from the Hillside Prospect 4 Gold Project in Matabeleland, Southern Zimbabwe	Apr. 15	CI
Kavango completes magentic survey at Nara project, Zimbabwe	Apr. 12	AN
Kavango Resources plc Announces the Completion of A Ground Magnetic Survey over the Nara Gold Project in Southern Zimbabwe	Apr. 12	CI
Kavango Resources Bags Approval to Export Samples from Zimbabwe Gold Project	Apr. 11	MT
Kavango Resources gets approval to export Zimbabwe test samples	Apr. 11	AN
Kavango Resources Receives Receipt Of Authorisation To Export Drill Core Samples From Hillside Gold Project	Apr. 11	RE
Kavango Resources plc Announces the Receipt of Authorisation to Export Drill Core Samples from the Hillside Gold Project in Zimbabwe	Apr. 11	CI
Ground Rents refinances; ECR Minerals loss narrows	Apr. 02	AN
Kavango Resources completes airborne survey of Bostwana copper asset	Mar. 22	AN
Kavango Resources Takes Over Hillside Gold Project Operations in Zimbabwe	Mar. 08	MT
Kavango Resources Forms New Subsidiary in Zimbabwe	Mar. 08	MT

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Company Profile

Kavango Resources plc is a metals exploration company. The Company has interests in about 12 prospecting licenses, totaling over 5,000 square kilometers in the Kalahari Copper Belt (KCB), where it is targeting copper-silver mineralization. Its Kalahari Suture Zone Project covers a large portion of the KSZ magnetic anomaly in southwest Botswana. It has interests in four licenses at Ditau Project. The Ditau Project covers about 2,652.9 square kilometers in southwest Botswana. It has an option to acquire a producing gold exploration project in Matabeleland, southern Zimbabwe. The Nara Project comprises about 45 contiguous gold claims, located in the Matabeleland South area near the Zimbabwean city of Bulawayo. The licenses are hosted in a package of meta sediments and intersected by a regional shear zone. The Company also has an option to acquire Hillside Project and Leopard Project. The Hillside Project is located within 30 kilometers (km) of Nara on the Greenstone belt.

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Specialty Mining & Metals

Calendar

2024-08-04 - Q2 2024 Earnings Release (Projected)

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Kavango Resources Plc

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KAV

GB00BF0VMV24

Specialty Mining & Metals

Kavango touts indicated gold at Nara project in Zimbabwe

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Sector Other Specialty Mining & Metals