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Kavango Resources unveils maiden resource estimate for Nara Gold project’s tailings dumps in Zimbabwe

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Kavango Resources, a metals exploration company focusing on Southern Africa, has disclosed the inaugural resource estimate for the two largest tailings dumps at Zimbabwe’s Nara gold project.

The estimate reveals a mineral resource of 293,000 tonnes with an average gold content of 0.62 g/t, equivalent to 5,860 oz of gold. Additionally, an inferred resource of 11,900 tonnes with a gold content of 0.66 g/t, totaling 253 oz of gold, has been identified.

Kavango sees substantial potential in these tailings dumps for near-term gold production, providing early and non-dilutive free cash flow. The company is now exploring options for the commercial exploitation of gold from the Nara tailings dumps.

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Kavango plans to utilize generated free cash flow for the development of the Nara project and broader exploration initiatives across Zimbabwe’s promising greenstone belts. The company holds an exclusive two-year option to purchase Nara, covering historic mines with a production record of over 90,000 oz in the early 1900s, including tungsten and silver credits.

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