Kavango targets 300 tonnes gold output

Shard Capital’s capex assumptions include an estimated US$5 million for the first 50 tonnes per day carbon-in-pulp (CIP) plant, with additional modular plants expected to cost $3 million each.

KAVANGO Resources is expanding gold production in Zimbabwe, targeting 300 tonnes, with a cash-flow-funded strategy to build a 10-million-ounce gold camp. Operating through its Zimbabwean subsidiary, Kavango Zimbabwe, established in July 2023, the company is targeting several historic high-grade gold mines in the Matabeleland region. It focuses on economic bulk mining. Chief executive Ben Turney…

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