Varvara Dmitrieva: The jewelry industry of Yakutia is distinguished by its creativity, unique cultural code and conservation of traditions

Varvara Dmitrieva, Associate Professor and Head of the Department of Precious Stones and Metals Processing Technologies of the North-Eastern Federal University, told Rough&Polished about the results of the Forum of jewelry Craftsmanship and the prospects...

16 april 2024

Valery Budny: There is no strategy and legislation in Russia enabling the full cycle processing of precious raw materials within the country

Valery Budny, Head of the Jewelry Russia program and CEO of the JUNWEX media holding, told Rough&Polished about the results of the meeting and pressing issues in the precious metals and precious stones (PMPS) and the jewelry sectors.

11 april 2024

Paul Zimnisky: Natural diamonds face the risk of eroding their appeal if constantly discounted

New York-based independent diamond and jewellery analyst and consultant Paul Zimnisky told Rough & Polished’s Mathew Nyaungwa in an exclusive interview that the industry should do away with discounts. He said the industry should treat natural diamonds...

01 april 2024

Edahn Golan: Lab-grown diamond prices to continue declining

In an exclusive interview with Rough&Polished's Mathew Nyaungwa, Edahn Golan, proprietor of the eponymous Edahn Golan Diamond Research and Data, predicted that the prices of lab-grown diamonds would continue to decline, especially at the retail and...

25 march 2024

ADPA’s Ellah Muchemwa: G7 restrictions to bring extra costs from diamond mining to retail

The African Diamond Producers Association (ADPA), which has openly registered its disdain for the G7’s rough diamond trade restrictions, is of the opinion that the move will bring extra costs on all stages, from mining to retail. ADPA executive...

18 march 2024

Kavango sees brighter prospects at the Zim gold project

08 march 2024

Kavango Resources has announced the first resource estimate for the two main tailings dumps at the Nara gold project in Zimbabwe.

The estimate shows an indicated mineral resource of 293,000 tonnes with an average gold content of 0.62 g/t, amounting to 5,860 ounces of gold.

Furthermore, a calculated resource of 11,900 tonnes with a gold grade of 0.66 grammes per tonne, amounting to 253 ounces of gold, was discovered.

Kavango said that the resource estimate underscores the possibility of the tailings dumps becoming a substantial source of gold production for the company, generating early, non-dilutive free cash flow.

"This maiden resource estimate for gold for the Nara tailings dumps is the first mineral resource estimate (MRE) Kavango has delivered. It's a milestone moment for our company and reflects the speed at which we are growing in Zimbabwe,” said company chief executive Ben Turney.

“Given that this is a tailings dump, all material has already been mined and there are no further mining costs. The resource estimate and high resource category achieved underline the commercial potential at Nara.”

Up to 96% of the mineral resource is classified under the indicated category.

It indicates a strong resource quality at this initial phase of the project and shows trust in the material's consistency.

Kavango is currently exploring ways to profit from the gold found in the Nara tailings dumps.

It has an exclusive two-year option to purchase Nara, which includes four historic mines that produced over 90,000 oz in the early 1900s.

These mines also yielded significant amounts of tungsten and silver.

Mathew Nyaungwa, Editor in Chief of the African Bureau, Rough&Polished