Appointment of Chief Executive Officer

Kavango Resources PLC

07 September 2026

 

07 September 2026

Kavango Resources plc

("Kavango" or the "Company")

Appointment of Chief Executive Officer

Kavango Resources plc (LSE:KAV, VFEX:KAV.VX), the Southern Africa-focused metals exploration and gold production company, announces the appointment of Jasper Musadaidzwa as Chief Executive Officer and Executive Director of the Company, with immediate effect.

Jasper, a Zimbabwean national, is a highly experienced mining executive with more than 27 years' experience across the mining industry, including 17 years with AngloGold Ashanti ("AGA"), where he held a series of senior operational and executive leadership positions across Africa.

Most recently, Jasper served as Senior Vice President of AGA's Guinea Business Unit, where he led a major operational and financial turnaround following a period of underperformance. Under his leadership, the operation's life of mine was extended from 2026 to 2034, its net present value was doubled, and the business was restored to sustainable cash generation.

Prior to this, Jasper also served as Senior Vice President of Operations for AGA's Africa Region, with responsibility for four mines across Ghana, Tanzania, Mali and Guinea. The operations collectively produced approximately 1.1 million ounces of gold annually, generated approximately US$2 billion in revenue and employed more than 14,000 people.

His earlier positions with AGA included Managing Director and General Manager of the Iduapriem Gold Mine in Ghana, Operations Manager at the Siguiri Gold Mine in Guinea, and senior technical and operational roles at the Geita Gold Mine in Tanzania. Before joining AGA, Jasper worked for Anglo American at the Skorpion Zinc Mine in Namibia and began his mining career in Zimbabwe.

Donald McAlister has stepped down from his role as Non-Executive Chairman and Interim Chief Executive Officer following Jasper's appointment, and has been appointed as Executive Chairman of the Company.

Donald McAlister, Executive Chairman of Kavango, commented:

"Jasper is an outstanding mining executive with a proven record of building, improving and leading major operations across Africa, and I am delighted that he has agreed to join Kavango as our new Chief Executive Officer.

"Throughout his career, Jasper has repeatedly demonstrated his ability to deliver meaningful operational and financial improvements at complex mining businesses. Most recently, he led the turnaround of AngloGold Ashanti's Guinea business, extending its mine life by eight years, restoring sustainable cash generation and significantly increasing the value of the operation.

"Kavango has reached an important stage of its development. We have established a growing operational platform in Zimbabwe, and our ambition is to build this into a substantial and sustainable mining business, while continuing to advance the exploration potential across our wider portfolio.

"Jasper's extensive operational experience, knowledge of African mining and track record of delivering growth make him exceptionally well suited to lead Kavango through this next phase. I believe his appointment represents an endorsement of Kavango's potential and an important step forward for the Company."

Jasper Musadaidzwa, Chief Executive Officer of Kavango, commented:

"Joining Kavango is an opportunity that carries particular significance for me. I began my mining career in Zimbabwe nearly three decades ago, and I am extremely excited to be returning to help build a mining company with the ambition to create lasting value in the country and across Southern Africa.

"I have spent much of my career leading mining businesses through periods of transformation, growth and operational improvement. My focus has always been on turning mining potential into sustainable value by improving operations, extending mine life and building businesses that can perform consistently over the long term.

"Kavango has already established an exciting platform in Zimbabwe. My immediate priority will be to work with the team to build on that foundation, strengthen our operational capability and progress the Company towards becoming a sustainable, cash-generative mining business.

"I believe there is a significant opportunity ahead of us and I look forward to working with the Board, management and our teams on the ground to realise Kavango's potential."

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

For further information, please contact:

Kavango Resources plc Executive Chairman Donald McAlister [phone]	SP Angel Corporate Finance LLP (Corporate Broker) Ewan Leggat [e-mail] [phone]	BlytheRay Ltd (Financial PR) Megan Ray/Said Izagaren [e-mail] [phone]
Inter-Horizon Group (Sponsoring Broker - Zimbabwe) Lloyd Mlotshwa [e-mail]

 

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