Kavango Resources plc has extended the completion date to acquire the Nara gold project in Matabeleland, southern Zimbabwe. COMMITTED The company has agreed with the seller to extend the date to 27 February 2026 in order to formalise legalities. “Both parties remain committed to completion and the execution of the Nara sale and purchase agreement […]
Tag: Nara gold project – Matabeleland – Zimbabwe
Kavango exercises Nara gold option
Kavango Resources plc has exercised its option, signed in June 2023, to acquire 100% of the Nara gold project in Matabeleland, Zimbabwe. LISTING The project comprises 45 contiguous gold claims, each of 10 hectares, and covers four historic mines as well as a tailings dump. Over two years, the company has conducted drilling programmes, ground […]
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 […]
Kavango secures $5m CLN
Kavango Resources plc has secured a US$5 million convertible loan note for mine development, equipment and construction of a gold processing plant at Hillside in Matabeleland, Zimbabwe. MINING The interest-free CLN is with a consortium of Zimbabwe-registered pension funds, whose agent and administrator is Comarton Consultants (Private) Ltd. The funds can be drawn in three […]
Kavango drills for large scale potential at Nara
Kavango Resources plc has begun a new phase of drilling to explore the potential for a “large-scale underground gold mine” at its Nara project in Matabeleland, southern Zimbabwe. STRUCTURE Equity Drilling Zimbabwe will drill an initial three holes for 1,500m to test for laterally extensive gold mineralisation across “multiple” mineralised shears, or reefs. Nara contains […]
Kavango confirms Nara mineralisation system
Kavango Resources plc said that drill assays had confirmed a gold mineralisation system at the Nara exploration project in Matabeleland, southern Zimbabwe. MINING The results, from six initial scoping holes for 1,364.4m, highlighted “anomalous gold zones underneath and directly associated with surface artisanal gold-producing structures” at the site. Five of six holes intersected the quartz […]