Southern Africa focused metals exploration and gold production company Kavango Resources plc (Kavango) says it remains committed to the acquisition of Nara Gold Project in Zimbabwe (Nara) after extending the deal conclusion for a third time.
Kavango, which has twice extended the timeline to conclude the deal, intends to acquire 100 percent of Nara, which consists of 45 claims.
“Both parties remain committed to completion and the execution of the Nara sale and purchase as soon as possible,” said Peter Wynter Bee, chairman and interim chief executive, in his latest update of the deal.
He added: “I am delighted to be working with Simon Bowman towards the completion of this sale and purchase.”
On 1 July 2025 Kavango announced that it had exercised the option to acquire 100 percent Nara.
The London-listed further announced on 9 December 2025 that it had agreed with the seller – Bowman operating through Romjack Mining – to extend completion to 27 February 2026.
Further to the announcement, on 2 March 2026, the parties agreed to extend completion, so as to work towards enabling the finalisation of the legal formalities.
The Nara project is located in the Filabusi Greenstone Belt, a region with significant gold deposits. – TML