Kavango Resources (GB:KAV)
LSE:KAV
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Kavango Resources
(LSE:KAV)
Select Model
Select Model
Rating:46Neutral
Price Target:
0.83 p
▲(6.79% Upside)
Action:Reiterated
Date:05/10/26
The score is held down primarily by weak financial performance driven by large and widening losses plus heavy cash burn, despite a stronger balance sheet with no reported debt. Technical signals are broadly neutral and do not provide a strong offset. Valuation remains challenged because earnings are negative and dividend support is not evident in the provided data.
Positive Factors
Debt-free, stronger equity base
A materially larger equity base and absence of reported debt reduce financial fragility and lower refinancing risk. This provides durable flexibility to fund exploration or structure joint ventures, supporting project advancement without immediate debt servicing pressures.
Negative Factors
Severe operating cash burn
Persistently large negative operating cash flow increases funding risk and makes the business reliant on external capital. Over months, this can force dilutive equity raises or asset disposals, constraining the company's ability to sustain exploration programs and progress projects.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free, stronger equity base
A materially larger equity base and absence of reported debt reduce financial fragility and lower refinancing risk. This provides durable flexibility to fund exploration or structure joint ventures, supporting project advancement without immediate debt servicing pressures.
Read all positive factors
Kavango Resources (KAV) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£37.11M
Dividend YieldN/A
Average Volume (3M)1.40M
Price to Earnings (P/E)―
Beta (1Y)0.75
Revenue Growth271.10%
EPS Growth20.45%
CountryUK
Employees107
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)N/A
Shares Outstanding4,366,039,600
10 Day Avg. Volume2,590,708
30 Day Avg. Volume1,403,294
Financial Highlights & Ratios
PEG Ratio0.13
Price to Book (P/B)1.41
Price to Sales (P/S)17.22
P/FCF Ratio-2.39
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Kavango Resources Business Overview & Revenue Model
Company Description
Kavango Resources Plc, together with its subsidiaries, engages in the exploration of base and precious metals in Botswana. The company explores for nickel, copper, platinum group metals, silver, and rare earth deposits. Its projects include the Ka...
How the Company Makes Money
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Kavango Resources Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
58
Neutral
Cash Flow
18
Very Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 1.75M | 445.00K | 0.00 | 0.00 | 0.00 |
| Gross Profit | -10.27M | -39.00K | 0.00 | 0.00 | 0.00 |
| EBITDA | -13.01M | -8.40M | -3.15M | -2.27M | -197.00 |
| Net Income | -15.25M | -8.66M | -3.29M | -2.21M | -1.74M |
Balance Sheet | |||||
| Total Assets | 23.17M | 19.01M | 19.64M | 13.27M | 8.09M |
| Cash, Cash Equivalents and Short-Term Investments | 4.70M | 1.52M | 3.77M | 2.27M | 2.52M |
| Total Debt | 0.00 | 4.76M | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 1.63M | 5.47M | 1.28M | 571.00K | 299.00K |
| Stockholders Equity | 21.36M | 13.35M | 18.17M | 12.70M | 7.79M |
Cash Flow | |||||
| Free Cash Flow | -12.61M | -9.54M | -5.86M | -1.63K | -1.58K |
| Operating Cash Flow | -11.67M | -5.77M | -2.28M | -1.56K | -1.33K |
| Investing Cash Flow | -1.89M | -4.96M | -4.02M | -2.60M | -2.55M |
| Financing Cash Flow | 17.13M | 8.52M | 7.34M | 4.33M | 4.02M |
Kavango Resources Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
53 Neutral | £29.88M | -1.29 | -9.71% | ― | ― | 72.00% | |
51 Neutral | £90.35M | 13.30 | -76.15% | ― | ― | ― | |
50 Neutral | £15.82M | -1.11 | -43.43% | ― | ― | 18.30% | |
46 Neutral | £37.11M | -1.98 | -73.36% | ― | 271.10% | 20.45% | |
| ― | £14.68M | 0.64 | ― | ― | ― | ― | |
43 Neutral | £33.63M | 0.08 | 0.25% | ― | ― | 44.90% |
* Basic Materials Sector Average
GB:KAV
Kavango Resources
0.85
0.10
13.33%
GB:KDNC
Cadence Minerals
7.30
5.50
305.56%
GB:POW
Power Metal Resources Plc
13.00
0.00
0.00%
GB:ZNWD
Zinnwald Lithium Plc
6.20
0.15
2.48%
GB:CRTM
Critical Metals Plc
11.75
2.00
20.51%
GB:CTL
CleanTech Lithium PLC
7.75
0.50
6.90%
Kavango Resources Corporate Events
Business Operations and StrategyFinancial DisclosuresRegulatory Filings and ComplianceShareholder Meetings
Kavango Resources Publishes 2025 Annual Report and Sets June AGM
Neutral
Apr 29, 2026
Kavango Resources has published its Annual Report and Financial Statements for the year ended 31 December 2025, which are now available on the company’s website, and confirmed that its Annual General Meeting will be held in London on 1 June ...
Business Operations and StrategyM&A Transactions
Kavango Advances Nara Gold Deal and Mulls Operating Company Acquisition
Positive
Apr 16, 2026
Kavango Resources has signed a Deed of Variation with the seller of the Nara Gold Project in Zimbabwe, refining the completion mechanics of its previously exercised option to acquire 100% of the 45-claim asset. The company has moved the remaining ...
Regulatory Filings and Compliance
Kavango Resources updates total voting rights and share capital
Neutral
Mar 31, 2026
Kavango Resources has confirmed that as of 13 March 2026 it has 4,366,039,657 ordinary shares in issue, each carrying one voting right, with 794,581,116 of these shares also listed on the Victoria Falls Stock Exchange. The company holds no treasur...
Business Operations and StrategyM&A Transactions
Kavango Again Extends Completion Deadline for Nara Gold Project Deal
Neutral
Mar 19, 2026
Kavango Resources has again extended the completion timeline for its acquisition of the Nara Gold Project in Zimbabwe, after previously pushing the deadline to late February 2026. The latest extension is intended to allow the parties to finalise r...
Business Operations and StrategyLegal ProceedingsPrivate Placements and Financing
Kavango Raises US$8.4m to Fund Zimbabwe Gold Expansion
Positive
Mar 6, 2026
Kavango Resources has raised about US$8.4 million via subscriptions in Zimbabwe and the UK, issuing roughly 630 million new shares at a 33% premium to its recent mid‑market price. Chairman and interim CEO Peter Wynter Bee participated in the...
Business Operations and StrategyLegal Proceedings
Kavango Pursues Legal Action After Nara Gold Project Seller Defaults
Negative
Mar 2, 2026
Kavango Resources has disclosed that the seller of the Nara Gold Project in Zimbabwe, Simon John Bowman, has defaulted on the agreed terms of a call option agreement covering 45 mining claims, despite Kavango having exercised its option to acquire...
Business Operations and StrategyRegulatory Filings and Compliance
Kavango Files NI 43-101 Report as Karakubis Drilling Confirms Copper Potential
Positive
Feb 17, 2026
Kavango Resources has published a National Instrument 43-101 Technical Report for its Karakubis Project in Botswana’s Kalahari Copper Belt, prepared by SLR Consulting and now available on the company’s website. The report underpins the...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.