UK Mining Company Exploring Operations in Zimbabwe

(3 Minutes Read)

Kavango owns three projects in the country — Hillside, Nara Gold, and Leopard — with Hillside being the company’s primary focus due to its high potential. Covering 503 hectares, Hillside consists of 44 gold claims.

Kavango Resources, a UK-based mining major, is exploring the feasibility of large-scale underground bulk mining at its Nara gold project in Zimbabwe.

Kavango owns three projects in the country — Hillside, Nara Gold, and Leopard — with Hillside being the company’s primary focus due to its high potential. Covering 503 hectares, Hillside consists of 44 gold claims. The Nara Gold project includes four mines near Bulawayo, historically producing over 90,000 ounces (oz) of gold, while Leopard comprises two claim groups with a recorded output of 2,000 oz.

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The company is assessing the potential for large-scale underground bulk mining at the Nara Gold project. In June 2023, the company entered into an exclusive two-year option agreement to acquire the claims for USD 4 million in cash, plus an earn-out based on a declaration of a code-compliant resource estimate.