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Turney appointed chief executive of Kavango, Gumbo steps up to the board

Kavango has an extremely prospective portfolio of exploration assets in Botswana

Kavango Resources PLC -

Kavango Resources PLC (LON:KAV) has appointed existing board member Ben Turney as chief executive.

Michael Foster, the outgoing chief executive, has decided to step down as CEO after 40 years in the mineral exploration industry. He remains on the board as a non-executive director.

Since joining the board earlier in the year, Turney has successfully instigated a number of important initiatives to improve operations, communications, financial management and commercial development.

He was instrumental in securing the strategic partnership with Spectral Geophysics and the terms of the deal with Mindea Exploration and Drilling Services/Equity Drilling Limited.

Subject to the approval of shareholders at this week's AGM, Hillary Gumbo, managing director of the company's subsidiary in Botswana and responsible for exploration activities in the country, will also join the board.

Gumbo was one of the founders of Kavango Minerals (Pty) Ltd, the company's operating subsidiary in Botswana, and has been an important member of the company's executive team for some years.

Gumbo is an experienced geophysicist with a degree in geology and an MSc in geophysics. His executive responsibilities for Kavango in Botswana will not be affected by his appointment to the board.

“The culture at Kavango is a credit to all involved,” said incoming chief Ben Turney.

“Openness, honesty and creative thinking are the hallmarks of our team. It is a privilege to lead such a group and I will do everything I possibly can to live up to that responsibility. The opportunities for Kavango are considerable. We have three potentially major projects, in the Kalahari Suture Zone, at South Ghanzi and in the LVR joint venture, each of which we believe has a chance of delivering a major metals discovery.”

Quick facts: Kavango Resources PLC

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Price: 5.3 GBX

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