

The extent of Proterozoic can be mapped using aeromagnetic surveying Proterozoic rocks are the source of the main magnetic anomaly identified from aeromagnetic surveys Reinterpretation of the the Aeromagnetic Model confirms that: The Aeromagnetic Model accurately predicted the intersection of TA2DD002 with the Proterozoic gabbro at 650m The Aeromagnetic Model was completed in 2020, using data from the Company's regional airborne surveys flown in 20 Ø Reinterpretation of Kavango's aeromagnetic model (the "Aeromagnetic Model") Ø Kavango will provide images of the DHEM interpretation on its website The Conductive Anomaly appears to reside within the Proterozoic gabbro Late-time data from 760m to 780m indicates the Conductive Anomaly exists within 300m of the DHEM survey's completion Ø Preliminary analysis of DHEM survey suggests: Spectral Geophysics ("Spectral") has secured a 1,500m winch to complete a follow up DHEM survey to the bottom of TA2DD002 Initial DHEM completed in early October to a depth of 780m (using the available winch) 350m of continuous altered Proterozoic-age core recovered from 651m to 1,001m, the single largest amount ever retrieved from the KSZ TA2DD002 completed to a depth of 1,001m, within 1 degree of original target Hole TA2DD002 was the second hole of the current drill campaign in the Company's Kalahari Suture Zone ("KSZ") Project. The original modelling from this airborne data guided the decision to continue drilling Hole TA2DD002 into the Proterozoic.

The Company and external consultants have completed preliminary analysis of data gathered from the DHEM survey and also reinterpreted existing data from previous airborne surveys conducted by Kavango.

The DHEM survey has identified the upper edge of a conductive anomaly in the Proterozoic gabbro (the "Conductive Anomaly"). Kavango Resources plc (LSE:KAV), the exploration company targeting the discovery of world-class mineral deposits in Botswana, is pleased to report the Company has successfully completed an initial downhole electromagnetic ("DHEM") survey on Hole TA2DD002 to a depth of 780m. KSZ TA2DD002 Downhole EM Conductor Identified
