Finance Metals & Minerals News

Kavango raises $1.9m

Kavango Resources plc has raised approximately US$1.9 million (£1.4m) in Zimbabwe by way of a subscription for 122,625,215  new ordinary shares. TVRs The shares will be allotted and issued to Dendere Asset Management (Private) Ltd and three pension funds, sourced and facilitated by Dendere, at a subscription price of £0.0115 per share. Following admission, Kavango’s total […]

Company Moves Metals & Minerals News

Kavango chairman steps down among board changes

Kavango Resources plc non-executive chairman and interim chief executive officer Peter Wynter Bee will step down from the board from 1 July 2026. STRATEGY His replacement in both roles will be current executive interim finance director Donald McAlister, while the company continues to seek a permanent CEO. Thamsanqa ‘Tham’ Mpofu is appointed as non-executive director, […]

Metals & Minerals News

Kavango awards 240m share options

Kavango Resources plc has granted a total of 240 million share options to directors, management and staff. GOLD Directors and persons discharging managerial duties, comprising four out of five on the team, received an aggregate 90 million share options. Employees and consultants received a total of 150m share options. All the options are exercisable at […]

Company Moves Metals & Minerals News

Kavango appoints Everjoy Ngomamiti as GM

Kavango Resources plc has appointed Everjoy Ngomamiti as general manager for its Zimbabwe mining operations, effective immediately. Most recently mining manager at Barrick Mining Corporation’s Bulyanhulu gold mine in Tanzania, Mr Ngomamiti has 19 years’ international mining experience. His work includes underground and open-pit mining across Zimbabwe, Tanzania and Australia, with a track record of mine […]

Metals & Minerals News

Kavango returns high gold grades at Hillside

Kavango Resources plc has intercepted “higher than expected” gold grades from preliminary resource drilling at Prospect 3 on the Hillside gold project in Matabeleland, southern Zimbabwe. EXTENSION The programme involved 34 drill holes of between a depth of 60 metres and 105m for a total 2,109.16m. The company said that the intercepts, within six defined […]