24.6 C
Belgrade
Supported byspot_img
spot_img

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

Member of Europium Groupspot_img
Supported byspot_img

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.

Supported by

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.

Supported byElevatePR Digital

Related News

Mali signs lithium mining agreement with Ganfeng, eyes revenue boost

Earlier this week, Mali's economy minister announced a significant deal with China's Ganfeng Lithium regarding the operation of the Goulamina lithium mine. Under the...

Weardale Lithium proposes advanced extraction plant in County Durham, UK

Weardale Lithium Limited, a natural resources company based in County Durham, UK, has recently filed a planning application with Durham County Council. This application...

EU nations present critical minerals investment strategies at Raw Materials summit

Representatives from leading nations disclosed their plans for critical minerals public funds at this year's Raw Materials Summit in Brussels, aiming to attract investment...

Final legal discussions underway for EU-Serbia lithium trade partnership

Commissioner Maroš Šefčovič revealed that the final legal obstacles are being addressed before the EU-Serbia trade partnership, focused on sourcing lithium from the Jadar...
Supported by
Supported by
Supported by
error: Content is protected !!