The Markets Ledger

Kavango pursues Nara acquisition

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 secures US$13,5m to fund Zim expansion

The mine, which previously operated historically, is being redeveloped and re-equipped by the company and is expected to feed a new 50-tonnes-per-day carbon-in-pulp processing plant that is nearing commissioning.