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Kavango Resources ( (GB:KAV) ) has issued an announcement.
Kavango Resources has announced a significant gold intercept at the Bill’s Luck Gold Mine in Zimbabwe, with a high-grade intersection of 11.79g/t over 4.36m. This discovery is part of ongoing underground drilling efforts to explore the continuity of mineralised reefs. The company is also constructing a 50 ton per day Carbon in Pulp test plant to enhance gold production capacity, which is expected to be operational in the second half of the year. These developments suggest a larger gold system than initially anticipated, potentially boosting Kavango’s production capabilities and market position.
More about Kavango Resources
Kavango Resources PLC is a metals exploration and gold production company focused on Southern Africa. The company is actively exploring for gold deposits in Zimbabwe, targeting both open-pit and underground mining opportunities. Kavango owns 100% of the Hillside and Nara Gold Projects located on the Filabusi greenstone belt, with the aim of developing these into commercial scale operations.
YTD Price Performance: 36.36%
Average Trading Volume: 2,657,559
Technical Sentiment Signal: Buy
Current Market Cap: £34.3M
For a thorough assessment of KAV stock, go to TipRanks’ Stock Analysis page.