Kavango Resources

We thank our investors and partners for their continued confidence as we approach commercial gold production.

The raise comprises US$4.7 million in Zimbabwe and £2.8 million in the United Kingdom, reflecting strong support from investors across both markets. The funds will be used to accelerate gold production at our Hillside project and support ongoing operational activities in Zim.

We are pleased to announce a successful US$8.4 million raise through a subscription priced at approximately a 33% premium to the mid-market closing price on 5 March 2026. polaris.brighterir.com/public/kavango…

(1/2) @KavangoRes announces a JORC-compliant MRE for the Bill’s Luck Gold Mine within its Hillside Project. The MRE for Bill’s Luck totals 33,900 oz of gold at 2.68 g/t, bringing the total gold resource within the Hillside Project is 52,900 oz ➡️ bit.ly/3OuEYeF

🇦🇺 Weekly gold drilling highlights

Kavango Resources is the Junior Miners Runner-up for Mining Review Africa's Mining Elites 2026. ✨⛏️miningreview.com/magazine-artic… @KavangoRes @MiningReview #kav #gold #zimbabwe 🇿🇼

Thursday's @VSACapital #morningminer with @AmonkMonkey and @PaulRenken covering #mining #news #gold #silver @AntofagastaPLC @Glencore @StrategicMnrls @pulsarhelium @KavangoRes @Jubilee_Metals #investing on.soundcloud.com/orwLIcu16URlg2…

With both diamond and RC drilling now complete, we look forward to defining a maiden Mineral Resource Estimate at Bill’s Luck. This will be a key milestone in informing mine planning and supporting the next phase of production at our evolving Hillside Project.

Highlights from the RC results include 28.53g/t #gold over 3.00m, 4.00g/t over 11.00m, 3.89g/t over 4.00m, 3.30g/t over 12.00m.

As promised, today we announced the RC drilling results from Bill's Luck Gold Mine, #Zimbabwe. The results demonstrate continuity and improvement of mineralisation along strike, highlighting the possibility of a much larger mineralised system. londonstockexchange.com/news-article/K…

#KavangoResources has released full results from its diamond resource drilling at the Bill’s Luck Gold Mine, part of the Hillside Project in Zimbabwe. Read: miningreview.com/news/kavango-a… #goldmining #zimbabwemining #kavangoresources

...which will be used to inform mine planning and scheduling, and to underpin our assessment of the mine's longer-term production potential.

The programme has exceeded our expectations, demonstrating continuity of mineralisation at depth and along strike, beyond current development. Together with incoming RC results, we hope to define a maiden Mineral Resource Estimate at Bill's Luck in the near future...

Results are out from our diamond resource drilling programme at Bill's Luck #Gold Mine, #Zimbabwe. Highlights include 19.24g/t over 1.50m, 4.86g/t over 6.96m, 7.68g/t over 3.29m and 2.80g/t over 12.00m, 41.28g/t over 1.05m, 106.05g/t over 1.16m. tinyurl.com/yc5nven2

@KavangoRes has confirmed an open-pit gold deposit at the Nightshift Prospect in Zimbabwe. More here: miningreview.com/news/kavango-c… #goldmining #explorationsuccess #zimbabwemining #jorc #miningafrica #resourcedevelopment

2) All the while, our eye is on the big picture. The underground mining possibilities at NS are vast. To prepare, we’re planning: ➡️Further drilling along strike/at depth ➡️An increase in HS production capacity to 300tpd. With a Bill's Luck resource also on the way, it’s an exciting time for #KAV

1) Our Nightshift resource proves the concept. Now we want to begin mining as quickly as possible. We’re targeting a selective open pit operation to go live in H1 26. This will underpin our planned near-term Hillside #gold production & provide early cashflow… #KAV

We are delighted to announce our first mineable #gold resource at Nightshift Our plan is to bring the 20,000 ounces into production in H1 2026 and mine over 3 years In parallel we will prove up the significant remaining potential So far we only drilled 15% of the near surface deposit (to 50m vertical depth) and less than 5% of the known mineralised body. Exploration drilling suggests this goes to at least 200m vertical depth #KAV polaris.brighterir.com/public/kavango…

Spiral decline mining (often called "spiral shaft sinking") typically requires specialized equipment like drilling jumbos, loaders, trucks, and explosives for tunneling and ore haulage. For depths under 100m, it can make sense for underground access, especially in narrow or complex ore bodies, but open-pit methods might be more cost-effective if the deposit allows. It depends on geology and economics.

In case you missed it, check out the recording of our official VFEX Listing Ceremony last month here: youtube.com/live/67pAQE9sS… CEO Ben Turney: "Our decision to list on the VFEX is a vote of confidence in #Zimbabwe, in its people, and in the future of its mining industry."