Slide 1: Kavango Resources Investor Presentation
Kavango Resources Investor Presentation 19 August 2025
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by Kavango Resources plc (“Kavango” or “Company”) and is provided solely for information purposes. By viewing or attending this Presentation (defined below), you agree to be bound by the following conditions: The information contained in these slides an
Slide 3: Corporate Overview
Corporate Overview • Directors own 9.81% of issued share capital • Cornerstone investor Purebond Limited holds 70.2%; invested £18.7 million since November 2022 • Zimbabwe Pension Fund, Comarton, invested $5m @ 25% premium • Experienced executive & technical team, with proven track record of commerc
Slide 4: Directors & Senior Technical Leadership
Directors & Senior Technical Leadership Ben Turney Peter Wynter Bee Alex Gorman Chief Executive Officer Executive Chairman Executive Director & COO Ben has driven Kavango’s growth Founder and former Chairman of Alex is a trained geologist, who through successful capital raises and Moxico Resources,
Slide 5: Kavango Growth Strategy
Kavango Growth Strategy Kavango is 100% Equity Financed – No Debt Mining Projects 100% Owned • Fully permitted mining leases, held in perpetuity by production (no spending commitments) • Accelerated development timeline from “Decision to Mine” to production Production Plan • Kavango in production si
Slide 6: First Mover Advantage in a World Class Gold Setting
First Mover Advantage in a World Class Gold Setting Zimbabwe’s 22 Archean greenstone belts have produced more than 60Moz of gold historically. These greenstones share a similar geological setting to those in W. Australia that supported a 40-year bulk-mining boom in gold. In the early 1980’s, Zimbabw
Slide 7: Filabusi Greenstone Belt Targeting 12,000oz Annual Gold Production by End 2026
Filabusi Greenstone Belt Targeting 12,000oz Annual Gold Production by End 2026 Kavango’s objective is to mine multiple ore bodies in parallel • Kavango has first mover advantage over entire Hillside: greenstone belt Steenbok • Kavango owns 100% of the Hillside Gold Project and has exercised its opti
Slide 8: Spiral Decline Mechanised Mining
Spiral Decline Mechanised Mining • Kavango is focussed on the potential 1 spiral decline can mine 400m of horizontal for underground bulk mining in the strike to at least 1.8km vertical depth Archean greenstone belts of Zimbabwe • Near surface potential has been largely mined out by high grade small
Slide 9: Moving to Larger-Scale Gold Production
Moving to Larger-Scale Gold Production Based on exploration success at Hillside, Kavango Mining intends to commission a 200t/d gravity gold recovery plant (the “Plant”). Kavango Mining has been working closely with an experienced South African manufacturer to design, build and install the Plant. A p
Slide 10: Hillside Bill's Luck
Hillside Bill’s Luck Bill’s Luck remains Kavango’s third ranked target at Hillside, but mining operations here are much more advanced: • Surface and underground Significant Au diamond drilling, plus intercepts at surface reverse circulation Bill’s Luck drilling, has identified a (1m width + much lar
Slide 11: Hillside Steenbok
Hillside Steenbok At least 4 trending reefs identified over 400m of strike: • Total strike of 1,500m, of which Kavango drill tested 400m for a potential spiral decline • 3,479m of diamond drilling over 8 holes intersected 41 significant gold intersections (>1g/t Au) • Initial structural work complet
Slide 12: Hillside Nightshift
Hillside Nightshift Confirmed target area of 650m x 150m, open at strike in both directions: • 2,109m shallow diamond drill campaign (34 holes) intersected 65 significant intercepts (>1g/t Au) • Up to 6 main gold-bearing mineralised shear zones, with higher grade intercepts open at depth • Potential
Slide 13: Nara
Nara Drilling has confirmed: • Total strike length at Nara now interpreted to exceed 4km, with at least 2 parallel reefs forming the central zone with numerous other reefs inferred from drill intersections • Economic ore zone continues at depth, below base of current workings at the Killarney mine (
Slide 14: Kalahari Copper Belt
Kalahari Copper Belt Kavango has established a contiguous KCB exploration tenement package covering >6,200km2 – the largest single block of exploration licences occupied by a junior in the area. Conducted ground geophysics Area underlain by the Kara and Korong over First Quantum’s deep antiforms int
Slide 15: Contact Us
Contact Us Suite 425, Salisbury House, London Wall, London, EC2M 5PS Ben Turney, CEO Tel: +46 7697 406 06 Email: bturney@kavangoresources.com Web: www.kavangoresources.com 15