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Director Retirement

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…., and we floated Kavango Resources PLC on the London Stock Exchange in 2028. 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.”