Nara Completion Further Extended

Summary by AI ^BETAClose X

Kavango Resources PLC has announced a further extension to the completion of its acquisition of the Nara Gold Project in Zimbabwe, originally agreed upon on July 1, 2025. The parties have extended the completion deadline, most recently to February 27, 2026, to finalize legal formalities, with both sides remaining committed to the transaction.

Disclaimer*

Kavango Resources PLC

19 March 2026

KAVANGO RESOURCES PLC

("Kavango" or the "Company")

Nara Completion Further Extended

Kavango Resources plc (LSE:KAV, VFEX:KAV.VX), the Southern Africa focused metals exploration and gold production company, announced on 1 July 2025 that the Company had exercised the option to acquire 100% of the Nara Gold Project, Zimbabwe, consisting of 45 claims ("Nara").

The Company further announced on 9 December 2025 that Kavango and the Seller (the "Parties") had agreed to extend completion to 27 February 2026.

Further to the announcement on 2 March 2026, the Parties have agreed to extend completion, so as to work towards enabling the finalisation of the legal formalities.

Both Parties remain committed to completion and the execution of the Nara sale and purchase as soon as possible.

Peter Wynter Bee, Chairman & Interim Chief Executive Officer of Kavango, commented:

"I am delighted to be working with Simon Bowman towards the completion of this sale and purchase."

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

Kavango Resources plc (Executive Chairman & Interim CEO) Peter Wynter Bee +44 7973 818125	Shard Capital Partners LLP (Corporate Broker) Damon Heath +44 204 530 6926	BlytheRay (Financial PR) Tim Blythe/Megan Ray/Said Izagaren kavango@blytheray.com +44 207 138 3204


Inter-Horizon Group (Sponsoring Broker - Zimbabwe) Lloyd Mlotshwa lmlotshwa@ih-group.com

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END