REG - Kavango Resources - Nara Deed of Variation Signed

Kavango ResourcesAnnouncement

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RNS Number : 7838A  Kavango Resources PLC  16 April 2026

16 April 2026

KAVANGO RESOURCES PLC

("Kavango" or the "Company")

Nara Deed of Variation Signed

Kavango Resources plc (LSE:KAV, VFEX:KAV.VX), the Southern Africa focused
metals exploration and gold production company, announced on 1 July 2025
(https://polaris.brighterir.com/public/kavango_resources_plc/news/rns/story/w6o579w)
that the Company had exercised the option to acquire 100% of the Nara Gold
Project, Zimbabwe, consisting of 45 claims ("Nara").

Further to the announcements of 9 December 2025
(https://polaris.brighterir.com/public/kavango_resources_plc/news/rns/story/rnez3nr)
, 2 March 2026
(https://polaris.brighterir.com/public/kavango_resources_plc/news/rns/story/rd6zemx)
, and 19 March 2026
(https://polaris.brighterir.com/public/kavango_resources_plc/news/rns/story/w14n01w)
, Kavango and the Seller (the "Parties") have signed a Deed of Variation
("DoV") in respect of the call option agreement dated 23 June 2023, to address
the mechanics of completion ("Completion"), which we anticipate occurring
shortly.

Kavango has transferred the balance of the consideration into an escrow
account to be transferred to the Seller upon Completion of the final
documentation.

The Parties are currently discussing the possible sale and purchase of the
operating company, Romjack Mining (Pvt) Ltd ("Romjack"), so that Kavango can
aim seamlessly to continue the current operations at Nara.

Peter Wynter Bee, Chairman & Interim Chief Executive Officer of Kavango,
commented:

"We are excited to be embarking on the Nara project. The Company is committed
to building upon the success of the Nara Gold Project, for the benefit of its
shareholders and the local community.

"Kavango is taking this opportunity to evaluate the co-location of its
exploration team to maximise operational efficiency and further strengthen the
development of our projects in Zimbabwe"

Further information in respect of the Company is provided on the Company's
website at www.kavangoresources.com (http://www.kavangoresources.com/)  .

 

 Kavango Resources plc                                    Shard Capital Partners LLP    BlytheRay

(Executive Chairman & Interim CEO)
                             (Financial PR)

Peter Wynter Bee                                        (Corporate Broker)            Tim Blythe/Megan Ray/Said Izagaren

+44 7973 818125                                         Damon Heath/Isabella Pierre   kavango@blytheray.com (mailto:kavango@blytheray.com)

+44 204 530 6928
+44 207 138 3204

 Inter-Horizon Group
 (Sponsoring  Broker - Zimbabwe)

Lloyd Mlotshwa

 lmlotshwa@ih-group.com (mailto:lmlotshwa@ih-group.com)

 

 

 

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