Kavango Resources Secures $5 Million Investment to Advance Zimbabwe Mining Projects

 

Kavango Resources (LSE:KAV) has successfully secured a US$5 million convertible loan note facility from a consortium of Zimbabwean pension funds to support its mining activities in Zimbabwe. The investment will be directed toward the development of mines and the construction of a gold processing plant. This milestone represents a key element of Kavango’s broader strategy to enhance local shareholder involvement and highlights the favorable business environment in Zimbabwe. The funds will be released in three tranches and can be converted into shares on the Victoria Falls Stock Exchange, strengthening Kavango’s market footprint and fostering deeper engagement with stakeholders.

About Kavango Resources PLC

Kavango Resources PLC is a mining development and metals exploration company with a primary focus on Southern Africa. The company is dedicated to exploring gold deposits in Zimbabwe, with an emphasis on both open-pit and underground mining. Among its key projects are the Hillside and Nara projects, where Kavango is deploying modern mechanized mining techniques to bring these assets into production.

• Average Daily Trading Volume: 23,200 shares

• Technical Sentiment: Buy

• Market Capitalization: $31.34 million

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