Duyuru • May 22

Kavango Resources plc Completes Metallurgical Testwork Programme At Hillside Gold Project

Kavango Resources plc, the Southern Africa-focused metals exploration and gold production company, announced the results from a detailed and comprehensive metallurgical testwork programme on ore samples from the Hillside Gold Project ("Hillside"), Zimbabwe. The programme achieved its objective of defining the optimal processing design, processing parameters, and reagent consumption rates for the 50 tonnes-per-day ("tpd") carbon-in-leach ("CIL") gold processing plant at Hillside, and for a future capacity upgrade. Testwork completed on various blend compositions of Nightshift and Bill's Luck ores demonstrated high metallurgical recoveries of gold within standard processing parameters. Very high overall metallurgical recovery of >95% achieved in ideal lab conditions, tested during the optimisation test work. Real-world conditions are expected to deliver in the 90-93% recovery range. The Nightshift sample's gold speciation indicated 100% of the gold was native (non-refractory), whilst speciation of the Bill's Luck sample indicated 91% of the gold was in a free milling (native gold and Electrum) form. Limited coarse gold detected in the samples tested. Gold species were very fine-grained. Very low content of elements that could potentially act as pregnant liquor gold robbers, such as native carbon minerals, and of elements that could potentially lead to high reagent consumption, including copper and zinc. Variability test work indicated that a target grind size of 75 microns was optimal for recovery. Gravity recovery via centrifugal concentrators ranged from 50% to 90%. Gravity gold concentrates can be leached via standard Intensive Leach Reactor ("ILR") technologies with up to 90% recovery after eight hours of leaching time, and 98% recovery after 24 hours of leaching time. Required reagent and energy consumption rates to achieve high recoveries are within normal ranges. The information from the testwork will also prove invaluable for optimising and refining the 50 tonnes-per-day plant once it is operational. Kavango has completed a metallurgical testwork programme in cooperation with Solo Resources ("Solo"), using Maelgwyn Mineral Services ("Maelgwyn"), both based in South Africa. SGS South Africa ("SGS") was subcontracted by Maelgwyn to complete the mineralogical analysis and assessment portion of the scope. SGS is a SANAS-accredited laboratory, and Maelgwyn is an ISO 9001:2015 certified laboratory. A total of ten samples were utilised in the testwork programme. The two main composite blends tested were those deemed to best represent the expected feed material into the two planned processing plants at Hillside: 50 tpd plant - currently under construction - Composite D - 50% Bill's Luck Underground High Grade, 50% Bill's Luck Underground Medium Grade. Upgrade to 250 tpd - Composite C - 70% Nightshift Fresh Rock, 15% Bill's Luck Underground High Grade, 15% Bill's Luck Underground Medium Grade. Other plausible feed blends to either of the above plants that were tested included the following: Composite A- 50% Nightshift Fresh Rock + 50% Nightshift Oxidised Rock, Composite B- 100% Bill's Luck (40 % BL high grade, 40% BL medium grade, 20% BL low grade), Composite E- 50% Nightshift Fresh Rock, 50% Bill's Luck Fresh Rock (50% BL high grade, 50% BL medium grade), Composite F- 100% Bill's Luck (50 % BL low grade, 40% BL medium grade), Composite G- 100% Nightshift Oxidised Rock, Composite H- 100% Nightshift Fresh Rock. The average head grades assayed from each of the composite blends are shown in the table below: Composite A: Au 1 (g/t) 1.08, Au 2 (g/t) 0.99, Au 3 (g/t) 1.09, Au 4 (g/t) 1.05; Composite B: Au 1 (g/t) 4.17, Au 2 (g/t) 3.33, Au 3 (g/t) 2.93, Au 4 (g/t) 3.78, Au average (g/t) 3.55; Composite C: Au 1 (g/t) 3.02, Au 2 (g/t) 2.97, Au 3 (g/t) 3.25, Au 4 (g/t) 3.08; Composite D: Au 1 (g/t) 8.15, Au 2 (g/t) 8.42, Au 3 (g/t) 8.21, Au 4 (g/t) 8.26; Composite E: Au 1 (g/t) 2.79, Au 2 (g/t) 2.63, Au 3 (g/t) 2.96, Au 4 (g/t) 2.79; Composite F: Au 1 (g/t) 2.03, Au 2 (g/t) 2.13, Au 3 (g/t) 2.15, Au 4 (g/t) 2.10; Composite G: Au 1 (g/t) 0.48, Au 2 (g/t) 0.55, Au 3 (g/t) 0.55, Au 4 (g/t) 0.53; Composite H: Au 1 (g/t) 1.75, Au 2 (g/t) 1.82, Au 3 (g/t) 1.71, Au 4 (g/t) 1.76. Mineralogical studies were conducted on Bill's Luck and Nightshift ores. The results are very positive with negligible pregnant liquor robbers present (Carbon), and low concentrations of elements that could lead to high reagent consumption (i.e. Copper, Zinc). The table below shows gold species detected. Gold Mineral Bill's Luck (Fresh) Nightshift (Oxide) Native Gold (Au, Ag) 84.63% 100.00% Calverite (AuTe2) 7.34% Electrum (Au(Ag)) 6.40% Aurostibite (AuSb2) 1.16% Petzite (Ag3AuTe2) 0.48% Total 100.00% 100.00%. The majority of the gold species for both Bill's Luck and Nightshift occur as native gold. The gold species at Nightshift are much finer than at Bill's Luck. The tables below show the liberation characteristics of the gold species: Liberation by Volume % of gold in host minerals Bill's Luck (Fresh) Nightshift (Oxide) Locked (< 30%) 27.5% 99.5% Low Middlings (>=30%, <60%) 9.2% 0.3% High Middlings (>=60%, <90%) 45.3% 0.0% Liberated (>=90%) 18.0% 0.5% Total 100.00% 100.00%. Liberation by Exposure % of gold in host minerals Bill's Luck (Fresh) Nightshift (Oxide) Locked (<10%) 25.5% 98.5% Partially Exposed (10-30%) 0.8% 0.8% Exposed (30-50%) 24.4% 0.2% Exposed (50-80%) 31.3% 0.0% Exposed (>=80%) 18.0% 0.5% Total 100.00% 100.00%. The gold species at Bill's Luck (in Fresh Rock) are more easily liberated than at Nightshift (in oxide rock). Average assayed residue (tailings) grades of 0.14 grammes per tonne ("g/t") and 0.11 g/t gold were recorded for Composites C and D during the kinetic leach tests. These translate to total plant recoveries under ideal laboratory conditions of 97% and 96%, respectively, for Composites C and D. Five Stage GRG Tests using a Falcon centrifugal gravity concentrator were conducted on composites A, C, and D to determine GRG % versus different grind sizes. Three Stage GRG Tests using a Falcon centrifugal gravity concentrator were conducted on composites E, F, G, and H to determine GRG % versus different grind sizes and fluidisation pressures. The results clearly demonstrate the optimal grind size is at P80 = 75 microns for all composites. Under lab conditions, up to 69% of the gold could be recovered via gravity concentration for Composite A, while Composite C achieved 90% gold recovery via gravity concentration. Composite D achieved a gravity recovery of 87%. Up to 90% of the gold could be recovered via gravity concentration for Composites E and F, while Composite C achieved 59% gold recovery via gravity concentration, and Composite H achieved a gravity recovery of 50%. During plant commissioning, fluidisation pressures will be optimised within the ranges tested. ILR tests were performed for future reference, should an elution circuit be chosen to be added to the processing plant(s).

CEO maaş yüzdesi	100.00%
CEO görev süresi	less than a year
CEO sahipliği	6.2%
Yönetim ortalama görev süresi	less than a year
Yönetim Kurulu ortalama görev süresi	1.9yrs

Tarih	Toplam Tazminat	Maaş	Şirket Kazançları
Dec 31 2025	US$49k	US$49k	-US$15m
Sep 30 2025	n/a	n/a	-US$14m
Jun 30 2025	n/a	n/a	-US$13m
Mar 31 2025	n/a	n/a	-US$11m
Dec 31 2024	US$32k	n/a	-US$9m
Sep 30 2024	n/a	n/a	-US$6m
Jun 30 2024	n/a	n/a	-US$4m
Mar 31 2024	n/a	n/a	-US$3m
Dec 31 2023	US$31k	n/a	-US$3m

İsim	Pozisyon	Görev süresi	Tazminat	Sahiplik
Peter Francis Bee	Interim CEO & Executive Chairman	less than a year	US$49.07k	6.2% $ 2.9m
Hillary Gumbo	Founder & Executive Director	4.3yrs	US$16.16k	0.38% $ 177.6k
Donald Robert McAlister	Interim CFO & Director	less than a year	US$45.68k	0.017% $ 7.8k
Alexandra Gorman	COO & Executive Director	less than a year	US$107.30k	Veri yok
Lorraine Whitehorn	Company Secretary	1.7yrs	Veri yok	Veri yok

İsim	Pozisyon	Görev süresi	Tazminat	Sahiplik
Peter Francis Bee	Interim CEO & Executive Chairman	3.3yrs	US$49.07k	6.2% $ 2.9m
Hillary Gumbo	Founder & Executive Director	4.9yrs	US$16.16k	0.38% $ 177.6k
Donald Robert McAlister	Interim CFO & Director	1.9yrs	US$45.68k	0.017% $ 7.8k
Alexandra Gorman	COO & Executive Director	1.9yrs	US$107.30k	Veri yok
Gautam Dalal	Independent Non-Executive Director	less than a year	US$17.31k	0.94% $ 442.4k

Veri	Son Güncelleme (UTC saati)
Şirket Analizi	2026/05/23 14:32
Gün Sonu Hisse Fiyatı	2026/05/19 00:00
Kazançlar	2025/12/31
Yıllık Kazançlar	2025/12/31

Paket	Veri	Zaman Çerçevesi	Örnek ABD Kaynağı ^*
Şirket Finansalları	10 yıl	Gelir tablosu Nakit akış tablosu Bilanço	SEC Form 10-K SEC Form 10-Q
Analist Konsensüs Tahminleri	+3 yıl	Finansal tahminler Analist fiyat hedefleri	Analist Araştırma Raporları Blue Matrix
Piyasa Fiyatları	30 yıl	Hisse senedi fiyatları Temettüler, Bölünmeler ve Eylemler	ICE Piyasa Verileri SEC Form S-1
Sahiplik	10 yıl	En büyük hissedarlar İçeriden öğrenenlerin ticareti	SEC Form 4 SEC Form 13D
Yönetim	10 yıl	Liderlik ekibi Yönetim Kurulu	SEC Form 10-K SEC Form DEF 14A
Önemli Gelişmeler	10 yıl	Şirket duyuruları	SEC Form 8-K

Kavango Resources Yönetim

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Recent updates

Kavango Resources plc Completes Metallurgical Testwork Programme At Hillside Gold Project

Kavango Resources Plc, Annual General Meeting, Jun 01, 2026

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Kavango Resources Plc has filed a Follow-on Equity Offering in the amount of £2.277517 million.

Kavango Resources plc Announces Start of Resource Drilling At the Bill's Luck Gold Mine on the Hillside Project, Zimbabwe

Kavango Resources plc Announces Second High-Grade Gold Intercept At the Bill's Luck Gold Mine on the Hillside Project, Zimbabwe

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Kavango Resources plc Announces Board Changes

Kavango Resources Plc, Annual General Meeting, May 29, 2025

Kavango Resources Plc announced that it expects to receive $5 million in funding

Kavango Resources plc Announces Completion of Initial Resource Drilling Programme At Prospect 3 At the Hillside Gold Project in Matabeleland, Southern Zimbabwe

Kavango Resources plc Appoints Alexandra (Alex) Rose Gorman as Chief Operating Officer

Kavango Resources Plc has filed a Follow-on Equity Offering in the amount of €6.5662 million.

Kavango Resources Plc has filed a Follow-on Equity Offering in the amount of £6.5662 million.

Kavango Resources plc Commences Drilling Program at Prospect 3 Target at the Hillside Gold Project in Matabeleland, Southern Zimbabwe

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Kavango Resources plc Provides an Update on its Ongoing Phase 1 Statigraphic Drill Campaign at the Karakubis Copper Project in Botswana's Kalahari Copper Belt

Kavango Resources plc Announces the Receipt of Gold Assay Results for Its Recent Soil Sampling Programme At Prospect 4, Hillside Project in Matabeleland, Southern Zimbabwe

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Kavango Resources Plc has filed a Follow-on Equity Offering in the amount of £3.085366 million.

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Kavango Resources plc Announces the Completion of A Ground Magnetic Survey over the Nara Gold Project in Southern Zimbabwe

Kavango Resources plc Announces the Receipt of Authorisation to Export Drill Core Samples from the Hillside Gold Project in Zimbabwe

Kavango Resources plc Announces Drilling Extension At Hillside

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Kavango Resources plc Announces Drilling to Restart At Pl082

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