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Kavango Resources ( (GB:KAV) ) just unveiled an announcement.
Kavango Resources has commenced a resource drilling program at the Bill’s Luck Gold Mine in Zimbabwe, aiming to define a maiden mineral resource estimate to support future mine planning. This program is part of Kavango’s strategy to increase gold production and establish a three-year mineable resource, with the potential for significant future upside. The drilling will involve diamond and reverse circulation methods to confirm and extend mineralized zones, potentially leading to a larger production profile and extended mine life. Success in this campaign could justify the installation of a 200tpd production plant, scaling up to 250tpd by 2026, and create a strong cash-generative platform for future growth.
More about Kavango Resources
Kavango Resources PLC is a Southern Africa-focused metals exploration and gold production company. The company is primarily engaged in the exploration and production of gold, with a market focus on discovering new gold mines in known producing areas and bringing them into production swiftly.
YTD Price Performance: 30.30%
Average Trading Volume: 2,545,571
Technical Sentiment Signal: Buy
Current Market Cap: £32.77M
See more data about KAV stock on TipRanks’ Stock Analysis page.