Technical Report for the Karakubis Project

17 February 2026

Kavango Resources plc

("Kavango" or the "Company")

National Instrument 43-101-Technical Report for the Karakubis Project

Kavango Resources plc (LSE:KAV, VFEX:KAV.VX), the Southern Africa focused metals exploration and gold production company, is pleased to announce the release of a National Instrument 43-101-Technical Report (the "Technical Report") for its Karakubis Project located in the Kalahari Copper Belt ("KCB"), Ghanzi District, Western Botswana. The Technical Report was prepared by SLR Consulting (Canada) Ltd, effective date 5 February 2026. The Technical Report is available on the Company's website at https://www.kavangoresources.com/ under Investors/Corporate Information/Reports.

As announced on 15 December 2025, the Company is evaluating strategic options in relation to its KCB mineral portfolio in Botswana.

Kavango's KCB portfolio comprises a contiguous 5,200km² licence position, located on-strike from MMG's Khoemacau and Sandfire's Motheo copper-silver mines. Diamond drilling at the Karakubis prospect has already intersected copper mineralisation in all seven initial drill holes, supported by spot pxrf readings in excess of 1% copper and evidence of significant hydrothermal alteration. Regional geophysics and structural interpretation indicate favourable folding and D'Kar-Ngwako Pan contact zones consistent with major deposits elsewhere in the Belt.