GOLD
Newly established on-site laboratory at Hillside.
most prospective yet underexplored gold regions. More than 90% of the country’s gold production originates from these belts, but they remain significantly less explored by companies using modern exploration technologies. For Kavango, this creates a clear opportunity at Hillside: modern exploration can expand the resource base while the new processing plant is the first step in establishing a route to commercial production and company free cash flow In a strong gold-price environment, successful commissioning, stable recoveries and disciplined cost control could allow Kavango to grow mineable inventory and scale production over time.
The plant is intended as a proof-of-concept operation, with all feed material is sourced from Kavango’s Bill’s Luck underground prospect, including stockpiled and freshly milled gold-bearing sands. Kavango plans to follow a phased approach, gradually building processing capacity at the plant with the objective of ultimately reaching commercial production and free cash flow, as the other projects continue to advance to mine planning stage. Material is now being processed through the crushing, milling, gravity concentration, and carbon-in-leach circuit, with the fully equipped on-site laboratory established to support plant optimisation, mining, and exploration
Kavango also offers investors exposure to copper and other base metals via its Botswana exploration portfolio, adding further diversification to its exploration portfolio. Kavango holds a significant and prospective land package in the south in the form of the Kalahari Suture Zone, suggested to be Norilsk-style deposit, and Ditau, an IOCG-style anomaly. Copper’s long- term investment outlook continues to strengthen as electrification and AI transform global infrastructure up-and-coming Kalahari Copperbelt, as well early-stage projects further
activities. This proof-of-concept plant supports the advancement of Hillside towards commercial production, with Bill’s Luck Underground hosting a JORC-compliant Mineral Resource of 33 900 ounces of gold at 2.68g/t and metallurgical test work indicating expected operating recoveries of 90-93%. The knowledge gained by the company during this phase will support its plans to expand processing capacity and accelerate production growth across the wider Hillside project. An additional prospect within
During August 2026, Kavango Resources announced the successful installation and commencement of commissioning at its 50 tonne-per-day gold processing plant, after processing commenced in July.
and drive demand, and this provides Kavango’s investors with access to two highly sought after commodities. Gold continues to attract capital as a safe-haven asset during periods of financial uncertainty, whilst copper is increasingly viewed as delivering both near-term production growth and longer-term exploration upside. As structural demand for both precious metals and critical minerals continues to strengthen, companies capable of combining production, exploration, and disciplined execution are becoming increasingly well positioned to benefit from this landscape. With 21% of its shares listed on the VFEX, Kavango’s gold production strategy in Zimbabwe creates a diversified platform for long-term growth and sustainable shareholder value. The company’s district-scale copper exploration in Botswana means it will also benefit from both the favourable gold market and growing demand for critical minerals, creating multiple routes to value creation across its portfolio. n one of the key enabling materials of various industries. Kavango is building a scalable business capable of
Hillside is Nightshift, where the maiden JORC-compliant MRE confirms an open- pit resource of 20,000 ounces of gold at an average grade of 0.86g/t. This indicates that it contains sufficient mineralisation to support short-term open pit mining, with further drilling planned to extend the resource along strike. Elsewhere, Kavango’s Nara project is located within the Filabusi Greenstone Belt approximately 25 km away, offering further longer-term optionality. Combining historic gold production with opportunities for near-term revenue generation, through both underground mining and tailings processing, creating additional cash flow capable of supporting future growth. With historical production of 90 000 ounces from four past-producing mines, the company’s emphasis on generating early revenue while continuing exploration differentiates its approach from many traditional junior explorers, and the geological setting further strengthens Kavango’s long-term opportunity. The broader geological context reinforces the wider opportunity. Zimbabwe’s greenstone belts remain among Africa’s
14 MODERN MINING www.modernminingmagazine.co.za | OCTOBER 2026
Made with FlippingBook flipbook maker