22nd Sep 2025 15:38
Kavango Resources PLC - London-based, South Africa-focused metals explorer and gold producer - Finds 8.09 grammes of gold per tonne over 8.05 metres at Bill's Luck gold mine on the Hillside project in Zimbabwe. Chief Executive Officer Ben Turney says: "Surface diamond drilling at Bill's Luck continues to exceed our expectations. We've now confirmed that the main Bill's Luck ore body continues to at least 160m vertical depth, with multiple high-grade gold intersections throughout the latest two exploration holes. We are particularly encouraged by the 8.05 metres intersection at 158.62 metres depth that carries 8.09 grammes of gold per tonne. Kavango is now preparing to continue shaft sinking at Bill's Luck to extend current mining operations from 3-level to 4-level. We look forward to proving further updates on our plans to increase gold production here in the near future."
Current stock price: 1.05 pence each, up 5.0% on Monday afternoon in London
12-month change: up 5.0%
By Tom Budszus, Alliance News slot editor
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