ZIM: Grant of sample export permit

Kavango Resources PLC

11 April 2024

 

PRESS RELEASE

11 April 2024

KAVANGO RESOURCES PLC

("Kavango" or "the Company")

ZIM: Grant of sample export permit

Kavango Resources plc (LSE:KAV), the Southern Africa focussed metals exploration company, is pleased to announce the receipt of authorisation to export drill core samples from the Hillside gold project in Zimbabwe.

·    Approval granted to the current Hillside project owner by the Ministry of Mines and Mining Development for the export of up to 2,500kg of drill core samples for analysis, valid for three months.

·    Export will include the drillholes already completed by Kavango at Hillside together with any new holes.

·    This will allow analysis for multiple elements that cannot be readily analysed in Zimbabwe, and which data Kavango wish to use to characterise mineralisation and alteration to target further exploration.

Ben Turney, Chief executive of Kavango Resources, commented:

"This is an encouraging development for our exploration programmes in Zimbabwe. It is imperative we use the full range of modern analytical tools and techniques to conduct high-quality exploration. Our objective is to make large-scale gold discoveries that can be brought into production and contribute to the 2030 Vision of turning Zimbabwe into an upper middle-income economy.

I would like to thank the Ministry of Mines and Mining Development for the support they have given us in working towards this goal. The growing strength of our relationship will enable us to make significant investment of funds and skills into Zimbabwe's emergent gold exploration sector.

We look forward to working closely with the Ministry over the coming years, to develop international-standard working practices in minerals exploration in Zimbabwe that will attract other companies into this space."

Further information in respect of the Company and its business interests is provided on the Company's website at www.kavangoresources.com and on Twitter at #KAV.

Further information in respect of the Company and its business interests is provided on the Company's website at www.kavangoresources.com and on Twitter at #KAV.

For further information please contact:

Kavango Resources plc                                                                                    

Ben Turney

[phone]

First Equity (Broker)

[phone]

Jason Robertson             

Kavango Competent Person Statement

The technical information contained in this announcement pertaining to geology and exploration have been read and approved by Brett Grist BSc(Hons) FAusIMM (CP).  Mr Grist is a Fellow of the Australasian Institute of Mining and Metallurgy with Chartered Professional status.  Mr Grist has sufficient experience that is relevant to the exploration programmes and geology of the main styles of mineralisation and deposit types under consideration to act as a Qualified Person as defined in the 2012 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves'. Mr Grist is an employee of Kavango Resources plc.

 

END