REG - Kavango Resources - Nara Completion Default

Kavango ResourcesAnnouncement

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RNS Number : 8902U  Kavango Resources PLC  02 March 2026

PRESS RELEASE

2 March 2026

KAVANGO RESOURCES PLC

("Kavango" or "the Company")

Nara Completion Default

Kavango Resources plc (LSE:KAV, VFEX:KAV.VX), the Southern Africa focused
metals exploration and gold production company, announced on 1 July 2025
(https://www.londonstockexchange.com/news-article/KAV/zim-nara-option-exercise-subscription-commitment/17111548)
, that the Company had exercised the option ("Notice of Exercise") on 27 June
2025 to acquire 100% of the Nara Gold Project, Zimbabwe, consisting of 45
claims (the "Claims"), having entered into a Call Option Agreement with the
seller Simon John Bowman ("Seller") dated 23 June 2023.

Pursuant to the terms of the Notice of Exercise, the subsequent extension to
Completion was to take place on 27 February 2026. The Seller has now defaulted
on the agreed terms of the Call Option Agreement.

As the Seller has defaulted on the agreed terms of the Call Option Agreement
and subsequent extension, the Company will now pursue all avenues to protect
the interests of its shareholders, including but not limited to enforcing the
contract and seeking compensation, and will announce further updates as
appropriate.

Whilst the Company embarks on claims against Mr Bowman and his operating
company Romjack Mining (Private) Limited ("Romjack"), the Company will
continue to increase gold production at the Hillside Gold Project and the
farm-out of the Company's portfolio located in the Kalahari Copper Belt.

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

(Chairman & Interim CEO)
                           (Financial PR)

                                                        (Corporate Broker)          Tim Blythe/Megan Ray/Said Izagaren
 Peter Wynter Bee                                         Damon Heath                 kavango@blytheray.com (mailto:kavango@blytheray.com)

+44 7975 818125
+44 204 530 6926
+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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