Kavango Resources
Promotional Strapline: Large-scale gold and copper exploration in Zimbabwe & Botswana
Primary Ticker: LON:KAV, VFEX:KAV.VX
Stage of Development: Production, Development, Exploration
Primary Minerals: Copper, Gold
Country / Region: Botswana, Zimbabwe
Market Cap 50M
Website: Kavango Resources
Kavango Resources is a metals exploration and mining development company with projects in Zimbabwe (gold) and Botswana (copper). In Zimbabwe, Kavango has moved into production and is seeking to build a >10Moz business through consolidation. In Botswana, the Company has the largest remaining independent land package prospective for copper/silver deposits in the Kalahari Copper Belt.
Management Profile
Ben Turney, CEO
Ben joined the board of Kavango in January 2021 and became CEO in June of that year. Since then, he has overseen our extensive exploration and drilling across our projects, putting us in a strong position to make a major discovery. Ben led the move into Zimbabwe and have relocated to that country to lead the business from the ground. Ben has raised >£35m for Kavango.
Dave Catterall, Head of Exploration
Dave joined Kavango in late 2022. Dave has >35 years experience in copper and precious metals exploration, predominantly in southern Africa. Dave led the exploration team that discovered the underground opportunity at Zone 5 in the Kalahari Copper Belt in Botswana that was sold to MMG in 2023 for $1.85bn.
What do you think makes your company such a compelling investment?
We are a well financed exploration and mining development business with a high chance of moving into significant free cash flow generation over 2026 and with significant blue sky exploration upside.
