Nara Completion Further Extended
Kavango Resources PLC has announced a further extension to the completion of its acquisition of the Nara Gold Project in Zimbabwe, originally agreed upon on July 1, 2025. The parties have extended the completion deadline, most recently to February 27, 2026, to finalize legal formalities, with both sides remaining committed to the transaction.
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Kavango Resources plc (LSE:KAV, VFEX:KAV.VX), the Southern Africa focused metals exploration and gold production company, announced on 1 July 2025 that the Company had exercised the option to acquire 100% of the Nara Gold Project, Zimbabwe, consisting of 45 claims ("Nara").
The Company further announced on 9 December 2025 that Kavango and the Seller (the "Parties") had agreed to extend completion to 27 February 2026.
Further to the announcement on 2 March 2026, the Parties have agreed to extend completion, so as to work towards enabling the finalisation of the legal formalities.
Both Parties remain committed to completion and the execution of the Nara sale and purchase as soon as possible.
Peter Wynter Bee, Chairman & Interim Chief Executive Officer of Kavango, commented:
"I am delighted to be working with Simon Bowman towards the completion of this sale and purchase."
| Kavango Resources plc (Executive Chairman & Interim CEO) Peter Wynter Bee +44 7973 818125 | Shard Capital Partners LLP (Corporate Broker) Damon Heath +44 204 530 6926 | BlytheRay (Financial PR) Tim Blythe/Megan Ray/Said Izagaren kavango@blytheray.com +44 207 138 3204 |
Inter-Horizon Group (Sponsoring Broker - Zimbabwe) Lloyd Mlotshwa lmlotshwa@ih-group.com
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.