Kavango Resources Plc (GB:KAV) has released an update.
Kavango Resources plc has successfully renegotiated the terms for acquiring the Hillside and Leopard South projects, enhancing their control over promising gold mining territories in Southern Africa. The deal includes a $600,000 cash payment for Hillside, a $50,000 payment for Leopard South, and an extended option for Leopard North. The company has also taken on debt responsibility and granted capped royalties, with the move following a lucrative £3.08 million financing round and encouraging production results from the Hillside project.
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