Kavango Resources (GB:KAV) has released an update.
Kavango Resources has initiated drilling at Prospect 3 in Zimbabwe, aiming to establish a mineral resource for a potential open-pit gold mine. The company’s exploration data suggests significant potential for commercial-scale mining, with current artisanal workings already yielding gold. Kavango plans to advance through multiple phases, including resource definition and technical assessments, to pave the way for future gold production.
For further insights into GB:KAV stock, check out TipRanks’ Stock Analysis page.