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Kavango Resources ( (GB:KAV) ) has provided an update.
Kavango Resources announced promising results from its resource drilling program at Bill’s Luck Gold Mine in Zimbabwe, with significant gold intersections in the first two completed diamond drill holes. These findings are part of a strategic effort to transition from exploration to larger-scale production, aiming to establish a maiden mineral resource estimate. The company plans to continue shaft sinking to extend mining operations and increase gold production, which could enhance its market position and provide substantial benefits to stakeholders.
More about Kavango Resources
Kavango Resources PLC is a metals exploration and gold production company focused on Southern Africa. The company is engaged in exploring gold deposits in Zimbabwe, with a focus on projects that can be developed into commercial-scale production using modern mechanized mining and processing techniques. Kavango owns 100% of the Hillside and Nara Gold Projects, targeting both open-pit and underground mining opportunities.
YTD Price Performance: 21.21%
Average Trading Volume: 2,100,079
Technical Sentiment Signal: Buy
Current Market Cap: £36.1M
Learn more about KAV stock on TipRanks’ Stock Analysis page.