KAVANGO RESOURCES PLC

1. KAVANGO RESOURCES PLC 2018-01-24 → present
2. KAVANGO RESOURCES LIMITED 2017-12-28 → 2018-01-24
3. F2D MINERALS LIMITED 2017-05-31 → 2017-12-28

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

IFRS

Reporting scope

Consolidated group

Auditor

PKF Littlejohn LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Directors are satisfied that following the successful completion of fundraising in January 2025, which raised gross proceeds of US$ 8,160,000, the Group has sufficient cash reserves to sustain the minimum level of exploration spending that is required as part of licence conditions and minimum corporate overheads activities for a period of not less than 12 months from the date of signing these financial statements. Therefore, the Directors continue to adopt the going concern basis of accounting in the preparation of the financial statements.”

Group structure

1. KAVANGO RESOURCES PLC · parent
   1. Kavango Minerals (Pty) Ltd 100% · Botswana · Mineral exploration
   2. Kanye Resources (Pty) Ltd 100% · Botswana · Mineral exploration
   3. Shongwe Resources (Pty) Ltd 90% · Botswana · Licence holding company
   4. Ashmead Holdings (Pty) Ltd 90% · Botswana · Licence holding company
   5. Icon-Trading Company (Pty) Ltd 90% · Botswana · Licence holding company
   6. Kavango Zimbabwe (Private) Limited 100% · Zimbabwe · Mineral exploration
   7. Kavango Mining (Private) Ltd 100% · Zimbabwe · Mineral exploration

Significant events

• “In 2024, the Company raised £3.8 million via convertible loan notes and a further £6.5 million via subscription from new and existing shareholders post year end.”
• “In March 2024, Kavango Mining was established to mine gold at Hillside & Leopard.”
• “In June 2024, the directors restructured the Board of Kavango, with Peter Wynter Bee assuming the role of Deputy Chairman, and Donald McAlister and Alex Gorman joining as Non-Executive Directors.”
• “In March 2024, Kavango received a maiden Resource Estimate for two tailings dumps on the Nara Project.”
• “The updated Resource Estimate for the largest tailings dump at Nara for the first time provides a Measured category of mineral resource.”
• “On 28 January 2025, the Company published an FCA-approved prospectus and raised gross proceeds of £6,566,000 (US$ 8,160,448) by issuing 938,028,569 shares at 0.7 pence per share.”
• “On 22 April 2025, Kavango Resources Plc announced that it had entered into a US$5 million convertible loan facility with a consortium of Zimbabwe-registered pension funds, with plans for listing shares on the Victoria Falls Stock Exchange.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

16

last 12 months

Capital events

7

last 24 months

Officers appointed

1

last 12 months

Officers resigned

2

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  —

  Not reported

• Cash

  -67.4%

  £2,515,196 → £819,125

• Net assets

  -26.3%

  £13,604,893 → £10,032,617

• Employees

  +148.8%

  43 → 107

• Operating profit

  -160.4%

  -£2,441,067 → -£6,355,819

• Profit before tax

  -163%

  -£2,441,067 → -£6,421,053

• Wages

  +90.6%

  £613,788 → £1,169,755

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers