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Kavango Resources ( (GB:KAV) ) has issued an update.
Kavango Resources has reported successful results from a 7,714-metre diamond and reverse circulation drilling campaign at the historic Bill’s Luck Gold Mine within its Hillside Project in Zimbabwe, confirming a mineralised system that extends beyond 220 metres depth and includes multiple parallel reef structures in the hanging wall and footwall in addition to the currently mined Main Reef. High-grade gold intercepts from both surface and underground holes, including assays above 100g/t over narrow widths, will feed into a maiden Mineral Resource Estimate now being prepared to support mine planning and longer-term production assessments, underpinning Kavango’s strategy to increase gold output at Bill’s Luck and reinforce its position as an emerging mechanised gold producer in Zimbabwe alongside its other Hillside targets at Nightshift and Steenbok.
The most recent analyst rating on (GB:KAV) stock is a Hold with a £0.64 price target. To see the full list of analyst forecasts on Kavango Resources stock, see the GB:KAV Stock Forecast page.
Spark’s Take on GB:KAV Stock
According to Spark, TipRanks’ AI Analyst, GB:KAV is a Neutral.
The score is held down primarily by very weak financial performance—heavy losses and significant cash burn despite early revenue formation—raising near-term funding and execution risk. Technicals add additional pressure with a clear downtrend and negative momentum, while valuation is constrained by a loss-making profile and no dividend support.
To see Spark’s full report on GB:KAV stock, click here.
More about Kavango Resources
Kavango Resources is a Southern Africa-focused metals exploration and gold production company, listed in London and on the Victoria Falls Stock Exchange, with a strategic focus on rapidly developing both open-pit and underground gold deposits in Zimbabwe using modern mechanised mining and processing techniques. Its Zimbabwean portfolio includes the Hillside Gold Project, where it is advancing multiple targets such as Bill’s Luck, Nightshift—where a maiden resource has already been declared—and Steenbok, as it builds a pipeline of assets aimed at near-term, scalable production.
YTD Price Performance: -10.34%
Average Trading Volume: 1,760,544
Technical Sentiment Signal: Sell
Current Market Cap: £23.8M
See more insights into KAV stock on TipRanks’ Stock Analysis page.