Last checked at 24 Aug 2022 08:14
PRESS RELEASE
23 August 2022
KAVANGO RESOURCES PLC
("Kavango" or "the Company")
Director Retirement
**REPLACEMENT** - Dates corrected in Mike Moles' quote
Kavango Resources plc (LSE:KAV) ("Kavango") announces that Mike Moles, a Non-executive Director of the Company and one of its founders, has decided to retire from the board with effect from 31 August 2022. He will continue as a consultant to the Company until 28 February 2023.
Mike Moles commented "Hillary Gumbo and I established Kavango Minerals in 2017, and we floated Kavango Resources PLC on the London Stock Exchange in 2018. I am delighted with the progress that we have been able to make over that time, particularly in our two major projects, in the Kalahari Copper Belt and the Kalahari Suture Zone. The independent support which our work on the KSZ received in the reports on the 2021/22 drill programme which the Company published on 18 August 2022 was particularly pleasing. As a substantial shareholder in the Company, I shall look forward to further positive news on our projects over the coming months and years."
David Smith, Chairman of Kavango, said "Mike has had a long and distinguished career in the mining industry and Kavango has been lucky to benefit from his experience for many years. His influence on the Company and its projects has been profound and will continue to be felt for some time. We are fortunate that we will continue to have access to Mike's advice for a further six months, and we wish him well in his retirement."
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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 additional information please contact:
Kavango Resources plc
Ben Turney
bturney@kavangoresources.com
+46 7697 406 06
First Equity (Joint Broker)
+44 207 374 2212
Jason Robertson
SI Capital Limited (Joint Broker)
+44 1483 413500
Nick Emerson