Kavango Resources (LON:KAV) Preliminary Petrology Report TA2DD002 & KSZDD001

Kavango Resources plc (LSE:KAV), the exploration company targeting the discovery of world-class mineral deposits in Botswana, is pleased to announce receipt of a preliminary independent Petrology Report for Holes TA2DD002 & KSZDD001, drilled in the Kalahari Suture Zone (“KSZ”).

Kavango sent ten samples to SJT MetMin Services Pty (“SJTMetMin”), an experienced petrological and mineralogical consultant, taken from intersections of the Karoo intrusives and the Proterozoic gabbro from Exploration Holes TA2DD002 and KSZDD001. Both holes were successfully drilled to a depth of 1,000m.

TA2DD002 is located on the “30km Strike” target (announced 23 November 2021) and encountered 349m of Proterozoic gabbro to End of Hole (“EOH”). KSZDD001 is located 20km away on the Great Red Spot (announced 16 November 2021) and encountered 49m of Proterozoic gabbro to EOH.

The Report states:

“Ten drill core intersection were received from Kavango Minerals (Pty) Ltd for detailed petrological evaluation.

These samples appear to be prospective for Ni(Co)-Cu sulphide mineralisation.

They seem to represent relatively primitive mafic-ultramafic rocks, including some magmatic sulphide-bearing olivine-rich gabbronorites, olivine-bearing gabbros and biotite-rich gabbronorites to gabbros.

There is clear evidence of magmatic sulphides in many of these samples. These sulphides commonly range from 0.02 to 0.4mm in grains size. The precise makeup of the sulphides still needs to be confirmed by scanning electron microscopy and associated energy dispersive spectroscopy analyses. Ultra-fine secondary sulphides are also sporadically present. These secondary sulphides are especially evident where the olivine and/or orthopyroxene are affected by retrograde alteration.

More work needs to be done to determine the potential of these rocks to host economical viable Ni(Co)-Cu sulphide mineralisation.”

The full Petrological Report is currently being finalised and Kavango will release its results, once it receives them.

Ben Turney, Chief Executive Officer of Kavango Resources, commented:

“Kavango is a data driven company. Results from the field lead our exploration strategy. The Preliminary Petrological report for Holes TA2DD002 and KSZDD001 gives us further evidence that the Proterozoic gabbro in the Kalahari Suture Zone is becoming an important exploration horizon for the Company.

Our principal objective for our recent “Proof of Concept” drill campaign in the KSZ was to gain physical proof of the existence of favourable host rocks for nickel/copper massive sulphide ore bodies. It appears we have taken a step towards this, though further work is required.

It is worth remembering that the two holes we drilled targeted distinctly separate geological systems, 20km apart. Although the report is preliminary at this stage, it is an encouraging indicator of both systems’ potential that the Proterozoic rocks we encountered appear to be prospective for nickel/copper massive sulphides.

SJT Metmin is a well-known petrological and mineralogical consulting firm based in Johannesburg, with extensive experience in both the deposit styles we are exploring for and the wider region.

We look forward to receiving the full Petrological Report in due course.”

Further information in respect of the Company and its business interests is provided on the Company’s website at www.kavangoresources.com and on Twitter at #KAV.

For further information please contact:

Kavango Resources plc

Ben Turney

[email protected]

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