Kavango Resources (LSE:KAV) has released a National Instrument 43-101 Technical Report covering its Karakubis Project in Botswana’s Kalahari Copper Belt. The independent report, compiled by SLR Consulting, is now accessible via the company’s website and supports Kavango’s ongoing evaluation of strategic pathways for its extensive licence holdings in the region.
Initial drilling at Karakubis has produced promising signs of copper mineralisation, with all seven maiden diamond drill holes intersecting copper-bearing zones. Spot measurements exceeding 1% copper, alongside evidence of strong hydrothermal alteration, point to a potentially robust mineralised system. Broader geophysical surveys and structural interpretations suggest favourable folding patterns and key lithological contacts comparable to those seen in established deposits elsewhere in the Belt, factors that may increase interest from potential partners or acquirers.
Despite operational progress, Kavango’s financial profile remains a headwind. The company continues to report sizeable operating losses and notable cash outflows, reflecting its early-stage development status and limited revenue base. That said, it maintains positive shareholder equity and moderate leverage. From a market perspective, trading momentum appears neutral with some recent short-term stabilisation, while valuation metrics remain challenging given a negative earnings profile and the absence of a dividend.
More about Kavango Resources
Kavango Resources is a Southern Africa-focused metals exploration and gold production company listed in London and on the Victoria Falls Exchange. The company controls approximately 5,200 square kilometres of contiguous licences within Botswana’s Kalahari Copper Belt, positioned along strike from MMG’s Khoemacau and Sandfire’s Motheo copper-silver operations. Its strategy centres on identifying and advancing copper and associated mineral discoveries in the region.
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