The latest update is out from Kavango Resources ( (GB:KAV) ).
Kavango Resources has successfully completed its initial resource drilling program at Prospect 3 of the Hillside Gold Project in Zimbabwe, drilling 34 diamond drill holes totaling 2,109.16 meters. The company aims to use the geological data and samples collected to conduct further tests and potentially develop an initial mining plan. This marks a significant step towards production, as Kavango only established its Zimbabwe operations in July 2023. The company is optimistic about proving a minable resource at Prospect 3 and plans to bring it into production within the year, which would enhance its operational capabilities and market positioning.
More about Kavango Resources
Kavango Resources PLC is a metals exploration company focused on Southern Africa, particularly in Zimbabwe. The company is engaged in exploring gold deposits with the potential for rapid production through modern mechanized mining. Kavango is targeting both open-pit and underground mining opportunities, with projects located on the greenstone belt, including Hillside and Nara.
Average Trading Volume: 5,095
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $24.03M
For detailed information about KAV stock, go to TipRanks’ Stock Analysis page.