Online Reporter
Rutendo Nyeve, Victoria Falls Reporter
LONDON- and Victoria Falls-listed Kavango Resources Plc has announced a focused strategy to unlock the significant gold potential of the Filabusi Greenstone Belt, targeting annual production of 8 000 ounces by the end of 2027.
The company emphasised its first-mover advantage in the underexplored greater Bulawayo greenstone area, a region historically known for its substantial gold endowment.
In a recent presentation, Kavango highlighted that Zimbabwe’s 22 Archean greenstone belts have produced more than 60 million ounces of gold, with the Filabusi Belt showing strong potential for world-class deposits.
Kavango’s operational plan involves a phased development approach, starting with a 50-tonne-per-day processing plant at its Hillside Gold Project, scheduled for commissioning by early 2026.
This will be followed by a larger 200-tonne-per-day plant, expected to commence operations in the first half of 2027.
The company noted that metallurgical testing indicates excellent gold recovery rates exceeding 95 percent, supporting the economic viability of its projects.
The company has established a strong foundation in Zimbabwe through full ownership of the Hillside Gold Project and an option to acquire 100 percent of the adjacent Nara Gold Project.
Both assets hold fully permitted mining leases.
Local investor confidence is reflected in a US$5 million investment from the Comarton Consortium of Zimbabwe Pension Funds, completed at a premium to the market price.
“The company’s approach combines advanced exploration with community engagement and has established strong relationships with local leadership and district authorities. The company is also studying modern, mechanised mining methods suitable for the region’s geology, drawing on successful techniques used in similar mining districts internationally,” said the company in a presentation to investors.
With its debt-free structure and committed investment, Kavango Resources represents a significant development partner for Zimbabwe’s mining sector, aiming to transform the Filabusi Greenstone Belt into a substantial gold-producing region through systematic exploration and responsible development.
More to follow…
