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Hillside Project

A Scalable Gold Project with Early Production and Long-Term Upside

Hillside is Kavango’s first 100%-owned gold project in Zimbabwe and the foundation of its broader production strategy in the country. Located in the historic Filabusi Greenstone Belt, Hillside is positioned across a major regional deformation zone; a structural setting typically associated with shear-hosted gold deposits.

Location

Target Footprint

Project Model

Current Output

Next Steps

Filabusi Greenstone Belt, southern Zimbabwe

Multiple zones along a major deformation zone

Fold production developed in phases from multiple prospects

Averaging 2kg/month from small-scale operations

Shaft rehabilitation, modular plant commissioning, ongoing drilling

Map of Zimbabwe showing Kavango projects

Kavango’s geophysical surveys and mapping suggest the Hillside corridor hosts a large network of connected veins. Many of these structures are already exposed at surface, where small-scale miners have worked intermittently for decades. Geophysical anomalies beneath these workings indicate mineralisation may continue at depth, reinforcing Kavango’s model for a larger gold system.

Early drilling and sampling have confirmed the presence of mineralised shear zones with potential for both open-pit and underground mining. Four priority prospects are now being advanced:

Nightshift

Shear-hosted gold with potential for open-pit and spiral decline underground development.

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Steenbok

High-grade gold mineralisation confirmed beneath existing workings; currently undergoing small-scale production.

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Bill’s Luck

Historic mine, and processing centre now owned by Kavango, with newly accessed deeper levels and signs of increasing gold grade at depth.

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Britain

Broad gold-mineralised structures intersected in drilling; potential selective mining and ore feed.

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In March 2024, Kavango launched Kavango Mining, a dedicated operating subsidiary, to begin small-scale gold mining in parallel with ongoing exploration. Production is currently averaging around 2kg of gold per month from targeted zones. A modular, 50-tonne-per-day gravity plant is under construction to support near-term scale-up.

At the same time, Kavango is rehabilitating historic shafts and preparing to bring more prospects online as resources are proven. This phased approach allows the Company to generate early revenue while expanding its understanding of the broader system.

Hillside is a district-scale opportunity built around a proven geological structure, with the potential to support sustained gold production over time.