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Kavango Resources ( (GB:KAV) ) has issued an update.
Kavango Resources has confirmed an open-pit gold deposit at the Nightshift Prospect in Zimbabwe, which is expected to significantly enhance its gold production capabilities. The preliminary JORC-compliant Mineral Resource Estimation has exceeded expectations, prompting plans to increase the capacity of the gold processing plant at the Hillside Project. The company aims to commence shallow selective open-pit mining by H1 2026 and is exploring further underground potential. This development aligns with Kavango’s strategy to fast-track production and capitalize on Zimbabwe’s gold fields, potentially increasing its market positioning and stakeholder value.
More about Kavango Resources
Kavango Resources PLC is a Southern Africa-focused metals exploration and gold production company. The company is engaged in the exploration and development of gold resources, with a particular focus on utilizing modern mechanized mining and processing methods to increase gold production.
YTD Price Performance: 24.24%
Average Trading Volume: 1,598,752
Technical Sentiment Signal: Buy
Current Market Cap: £37.25M
See more insights into KAV stock on TipRanks’ Stock Analysis page.