Kavango Resources plc announced that it is preparing to commence drilling a fourth prospect at the Hillside Gold Project in Zimbabwe. Kavango is testing the extent of gold mineralisation at the Hillside Gold Project by drilling an exploration hole adjacent to a historic mine that reportedly produced at an average recovered grade of 13g/t gold at various times from 1910 until recently. Historic reports suggest mining was limited to the near-surface oxide zone, at shallow depths.

The Prospect is considered by Kavango's technical team to be a highly prospective greenstone gold target, located in a shear zone in granites and extending across the contact margin. Kavango plans to drill a 250m diamond drill hole adjacent to the historic mine. The Company's objective is to acquire representative intersections from the Prospect's gold-bearing structures that will improve its understanding of their mineralisation and overall thickness.

Kavango expects to use this information to inform follow-up drilling at the Prospect and assess its potential for hosting bulk mineable gold deposits. Hillside Project: Kavango has completed various exploration work streams at the Hillside Gold Project. The Company intends to exercise its call option to acquire the Project based on the technical data gathered, subject to the results of a review into the impact of recent changes to Zimbabwe's Finance Act (announced 23 January 2024).

Kavango's exploration at Hillside to date includes: Surface reconnaissance mapping of artisanal and historical mine workings - Integration of previous drone survey data for areas of the Hillside prospect - Reprocessing and reinterpretation of magnetic data for the Project - Detailed geological and structural mapping Kavango has also drilled a total of 1,058.55m across four holes to test Hillside's three main targets. Kavango has carried out geochemical sampling and reconnaissance geological mapping over the Nara Gold Project. The Company has made a preliminary review of the geochemical samples using pXRF, and the soil samples are awaiting export to the laboratory for multi-element analysis.

In addition, Kavango has completed augur drilling on a large tailings dump at Nara. The Company has collected samples from 90 augur holes and sent them to the laboratory. Results are expected shortly.

Assuming the results are positive, an independent consultant has been commissioned to prepare a resource estimate once these data are available. Kavango's environmental consultant has completed an Environmental Impact Assessment on the Leopard Gold Project and Kavango is now preparing for an initial geochemical soil sampling programme. The Company has reviewed the results of a previous drone survey and is currently processing and processing and processing programme.

The Company has completed the results of a large tailings dump at the Nara Project (Nara) underway.