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Home » Kavango projects get £64,3m valuation
Companies & Markets

Kavango projects get £64,3m valuation

written by Almot Maqolo, Staff Writer 0 comments
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.
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LONDON-based wealth manager Shard Capital has initiated coverage on Kavango Resources with a risk-adjusted valuation of £64,3 million (1,9 pence per share) for the company’s Hillside Gold Projects in Zimbabwe.Hillside is Kavango’s first 100 percent owned gold project in Zimbabwe and is located within the historic Filabusi Greenstone Belt. Geophysical surveys and mapping suggest that…

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