Kavango Resources has completed commissioning of its 50-tonne-per-day pilot gold processing plant at the Hillside Gold Project in Zimbabwe, after the Ministry of Mines & Mining Development approved the plant and its tailings storage facility following late-October site inspections. The plant uses crushing, milling, gravity concentration and carbon-in-leach processing, and gold produced per elution rose from 397g in August to 539g in September. The pilot is a proof-of-concept designed to inform a future larger commercial plant. Bill's Luck holds a JORC-compliant resource of 33,900oz at 2.68 g/t, and laboratory tests achieved recoveries above 95%, with expected operating recoveries of 90–93%. CEO Jasper Musadaidzwa called the milestone an important step toward commercial-scale operations.
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Related tickers and likely impact
XAU/USD
• NeutralRelevance: low
| Market | Gold |
|---|---|
| Close on 11/02/2026 | 3,946.68 |
| Change that session | +1.84% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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