Kavango Resources declares maiden gold resource in Zimbabwe

Kavango Resources just dropped a maiden resource estimate of 33,900 gold ounces at Bill's Luck Mine, worth 179.26 million dollars, as production gears up in Zimbabwe.

The JORC-compliant resource breakdown at Bill's Luck

• The estimate totals 33,900 ounces at 2.68 grammes per tonne overall.
• Measured category holds 2,600 ounces at 3.3 grammes per tonne concentration.
• Indicated category contains 13,400 ounces at 2.7 grammes per tonne grade.
• The inferred category accounts for 18,000 ounces at 2.6 grammes per tonne.

Hillside Gold Project's expanding resource portfolio

• Bill's Luck is one of four key prospects within the Hillside Gold Project.
• Britain, Nightshift, and Steenbok round out the other prospects under development.
• Hillside now holds 52,900 total JORC-compliant ounces valued at 265.69 million dollars.
• Nightshift contributed 19,000 ounces when announced in October 2025.

Production infrastructure and extraction strategy

• A 50-tonne-per-day Carbon-In-Pulp plant is set for Q1 2026 commissioning.
• Kavango will use contractor-mined sands and ore from Bill's Luck initially.
• The British miner is redeveloping and re-equipping the historic operating mine.
• CIP plants deliver higher throughput and gold recovery than traditional stamp milling methods.

Management's vision for long-term mine development

• Interim leader Peter Wynter Bee called Bill's Luck a meaningful, long-term contributor.
• The mine has been worked intermittently for over a century before modernization.
• Delineation paves the way for longer-term planning and efficient extraction processes.
• Small-scale trial mining at Nightshift could boost output further going forward.