Nara Completion Extended

PRESS RELEASE

9 December 2025

KAVANGO RESOURCES PLC

("Kavango" or "the Company")

Nara Completion Extended

Kavango Resources plc (LSE:KAV, VFEX:KAV.VX), the Southern Africa focused metals exploration and gold production company, announced on 1 July 2025 that the Company had exercised the option to acquire 100% of the Nara Gold Project, Zimbabwe, consisting of 45 claims ("Nara"). 

Kavango and the Seller (the "Parties") 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.  

Further information in respect of the Company is provided on the Company's website at www.kavangoresources.com.

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF REGULATION 2014/596/EU WHICH IS PART OF DOMESTIC UK LAW PURSUANT TO THE MARKET ABUSE (AMENDMENT) (EU EXIT) REGULATIONS (SI 2019/310) ("UK MAR"). UPON THE PUBLICATION OF THIS ANNOUNCEMENT, THIS INSIDE INFORMATION (AS DEFINED IN UK MAR) IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.