.png)
Kavango Resources Plc has given itself more time to wrap up the takeover of the Nara Gold Project in southern Zimbabwe, extending the completion deadline to 27 February 2026 as both sides work through outstanding legal requirements, Mining Zimbabwe reports.
By Ryan Chigoche
Nara comprises 45 adjoining gold claims covering four historic mines that collectively yielded over 90,000 ounces in the past, although the ground has never been tested with proper modern exploration techniques. The asset sits within the Filabusi Greenstone Belt, a well-known gold corridor that remains largely underexplored despite decades of small-scale activity.
Kavango, which now controls three gold projects in the country, Hillside, Nara and Leopard, says the extension allows it and the seller to finalise all remaining paperwork.
“Kavango and the seller have agreed to extend completion to 27 February 2026, to facilitate finalisation of the legal formalities. Both parties remain committed to completion and the execution of the Nara sale and purchase agreement as soon as possible,” the company said.
The miner’s local exploration strategy is centred on the Hillside Project, its flagship target consisting of 44 claims stretching across 503 hectares. Nara and Leopard form the remainder of its Zimbabwe portfolio.
Kavango earlier announced a US$5 million funding commitment from Purebond Limited, earmarked for the Nara transaction and to boost working capital as the company prepares for a capital raise linked to its planned listing on the Victoria Falls Stock Exchange.
Work at Nara is largely focused on the historic Killarney Mine, where artisanal miners operate on upper levels while deeper sections remain flooded. Kavango believes this waterlogging may have shielded untouched mineralisation for decades.
“Kavango believes that flooding at deeper levels may have preserved significant unmined gold mineralisation until now,” the company said.
Recent drilling appears to support that optimism.
“Drilling at Killarney has confirmed a gold-bearing system beneath existing workings. Key results from hole NAKLDD001 intersected new mineralised hanging wall and footwall zones, supported by IP data identifying a strong resistivity low coincident with the core of the mine workings.”
According to the company, the geological signatures point to mineralisation continuing both along strike and at depth, giving further weight to the project’s potential.
