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An announcement from Kavango Resources ( (GB:KAV) ) is now available.
Kavango Resources has completed a comprehensive metallurgical testwork programme on ore from its Hillside Gold Project in Zimbabwe, delivering highly positive results for the design of its 50 tonnes-per-day carbon-in-leach plant and a planned expansion to 250 tonnes per day. Laboratory work on various ore blends from the Nightshift and Bill’s Luck deposits showed overall gold recoveries above 95% in ideal conditions, with expected real-world recoveries in the low 90% range, and confirmed that optimal processing can be achieved using standard grind sizes, gravity concentration and leach parameters.
The testwork found that most of the gold is present as native, non-refractory metal with minimal deleterious elements, implying normal reagent and energy consumption and limited risk from gold-robbing carbon or high copper and zinc levels. Management says the results de-risk the imminent commissioning of the Hillside plant and support further resource growth and potential capacity increases, suggesting a more robust production profile and improving confidence for investors and project stakeholders.
Spark’s Take on KAV Stock
According to Spark, TipRanks’ AI Analyst, KAV is a Neutral.
The score is held down primarily by weak financial performance driven by large and widening losses plus heavy cash burn, despite a stronger balance sheet with no reported debt. Technical signals are broadly neutral and do not provide a strong offset. Valuation remains challenged because earnings are negative and dividend support is not evident in the provided data.
To see Spark’s full report on 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. The group is advancing the Hillside Gold Project in Zimbabwe, where it is constructing a 50 tonnes-per-day carbon-in-leach processing plant with plans for a future capacity upgrade.
Average Trading Volume: 1,695,732
Technical Sentiment Signal: Sell
Current Market Cap: £33.02M
See more insights into KAV stock on TipRanks’ Stock Analysis page.