Africa-Press – Zimbabwe. BRITISH miner, Kavango Resources Plc (Kavango) has commenced construction of a 50-tonne-per-day (tpd) Carbon in Pulp (CIP) gold processing plant at its Bill’s Luck Gold Mine to advance the project toward production and begin on-site gold extraction.
This marks a significant step toward advancing the project from development to production, positioning the company to begin extracting and processing gold on-site at its best-producing gold mine.
As previously reported, in July, Kavango reported it had intercepted a high gold deposit of 11,79 grammes per tonne during its drilling campaign at the Bill’s Luck Gold Mine, part of its large Hillside Gold Project.
To improve operational clarity, Kavango reverted to using the historic names of the first four gold prospects at its Hillside Project in southern Zimbabwe, from a total of six.
The names — Bill’s Luck, Britain, Nightshift and Steenbok — apply to the previous internal references of Prospect 1, 2, 3, and 4, respectively.
“Construction commenced of a 50 tonne per day (tpd) Carbon in Pulp (CIP) gold processing plant at the Bill’s Luck Gold Mine,” Kavango said in a statement.
“Post H1, start of resource drilling campaign, consisting of 4 000m of diamond drilling and 4 500m of RC [reverse circulation] drilling, at the Bill’s Luck Gold Mine.
During the half year, Kavango completed three phases of surface exploration and resource drilling across its projects.
This included 1 504,53 metres of diamond core drilling at Nightshift, 1 296,82 metres of diamond core and 2 358 metres of reverse circulation drilling at Bill’s Luck, along with 910,4 metres of underground diamond core drilling at the same site.
Additionally, 3 231,89 metres of diamond core exploration drilling were completed at Steenbok, further advancing the company’s understanding of its mineral resources.
Kavango also has two gold projects on the Filabusi greenstone belt, Hillside and Nara, located in central-south Zimbabwe, specifically west of the Great Dyke.
“Second-phase drilling completed at Nara to confirm potential for large-scale gold mineralised system,” Kavango said.
“Notice of Exercise served to acquire 45 claims for US$4 million, completion on or before December 9, 2025.”
On September 8, Kavango completed the issuance and secondary listing of 333 364 773 ordinary shares admitted to the London Stock Exchange and the Victoria Falls Stock Exchange (VFEX) by way of a secondary listing to trade solely on the VFEX, comprising:
“69 364 667 shares issued to a consortium of nine pension funds, administered by Comarton Consultants (Private) Limited, following the first drawdown totalling US$935 660 of the three tranches; 259 240 056 shares issued to Purebond Limited; 1 850 369 shares issued to other Zimbabwean residents.”
The following day, £2,27 million (US$3,09 million) was revealed to have been raised through a subscription and placing of 227 751 720 new ordinary shares at £0,01 per share.
“Purebond Limited directly subscribed for 111 201 720 shares, and the chairman, Peter Wynter Bee, subscribed for 10 000 000 shares,” Kavango added.
Purebond Limited is Kavango’s major shareholder.
At its Karakubis Copper Project in Botswana, the miner announced that it had completed a collaboration of First Quantum Minerals (First Quantum).
This involved Kavango running geophysical surveys over First Quantum’s deep drill hole to test the technologies’ accuracy for modelling the D’Kar/Ngwako Pan contact.
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