Kavango Resources plc has installed and started operating its processing plant, designed to take 50 tonnes per day, at its Hillside gold project in Matabeleland, Zimbabwe. EXPAND CAPACITY Commissioning began on 1 July 2026, using feed material that included stockpiled and freshly milled gold-bearing sands, and reached 69% capacity between 18 and 28 July. The […]
Tag: Nara gold project – Matabeleland – Zimbabwe
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 […]
Kavango closer to Nara acquisition
Kavango Resources plc expects to acquire “shortly” the Nara gold option in Zimbabwe, after signing a deed of variation to “address the mechanics of completion” for the purchase. COMMITTED At the start of March the company had faced seller’s default on the terms of the June 2023 call option, and was considering all solutions, including […]
Kavango agrees extension to acquire Nara
Kavango Resources plc has agreed a time extension to acquire the Nara gold project in Zimbabwe, after the seller defaulted on the terms of the call option. FORMALITIES The company exercised the option in July 2025 and, following a previous extension, completion was scheduled for 27 February 2026. Earlier in March, Kavango said that, following […]
Kavango raises £6.3m
Kavango Resources plc has raised approximately US$4.7 million (£3.5m) in Zimbabwe and £2.8m in the UK, both at or the equivalent of £0.01 per share. NARA The fundraise was by way of a subscription for an aggregate 629,991,138 new ordinary shares at a 33% premium to the mid-market price at close on 5 March 2026. […]
Kavango faces seller default on Nara gold option
Kavango Resources plc said it was exploring all solutions after the seller of its Nara gold project in Zimbabwe defaulted on the agreed terms of the call option. ENFORCEMENT The company signed the agreement in June 2023, and exercised the option in July 2025, with the seller Simon John Bowman. Following an extension, completion of […]