Kavango Resources (GB:KAV) has released an update.
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Kavango Resources PLC has launched a comprehensive Capital Investment & Financing Programme aimed at expanding its Hillside Gold Project in Zimbabwe, with plans to enhance gold production and establish a modern gold processing plant by H1 2025. The company has initiated the first phase with a £2 million convertible loan from its major shareholder, targeting to double gold production and commence larger-scale mining operations following resource drilling. Additionally, Kavango is investing in local drilling services by acquiring a 45% stake in Equity Drilling, reflecting a strategic move to strengthen its position in Zimbabwe’s under-explored metals market.
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