LSE-listed explorer Kavango Resources reports that nonexecutive director and co-founder Mike Moles will retire from the board as of August 31, but will continue to consult for the company until February 28, 2023.
Moles highlights that he and Hillary Gumbo established Kavango Minerals in 2017 and listed Kavango Resources on the LSE in 2018.
“I am delighted with the progress that we have been able to make over that time, particularly in our two major projects, in the Kalahari Copper Belt and the Kalahari Suture Zone [KSZ],” he says.
“The independent support which our work on the KSZ received in the reports on the 2021/22 drill programme, which the company published on August 18, was particularly pleasing.
“As a substantial shareholder in the company, I shall look forward to further positive news on our projects over the coming months and years,” he adds.
Kavango chairperson David Smith says Moles has had a long and distinguished career in the mining industry and that Kavango has been lucky to benefit from his experience for many years.
“His influence on the company and its projects has been profound and will continue to be felt for some time. We are fortunate that we will continue to have access to [Moles’] advice for a further six months, and we wish him well in his retirement,” concludes Smith.