Corporate Overview
Pambili Natural Resources Corporation (TSX-V: PNN), based in Calgary, Canada, has traditionally operated in the oil and gas sector, and still has legacy obligations with properties in Western Canada. However, in February 2021, In an effort to remain in the natural resources industry, Pambili (then known as Pennine Petroleum Corporation) announced that new CEO Jon Harris would be investigating opportunities in the mining sector of southern Africa.
On Nov. 23, 2023, we announced that we’d entered a share agreement to acquire a producing gold mine, the Golden Valley project, in Matabeleland province, Zimbabwe — a mine in the Bulawayo Greenstone Belt with a history of high-grade underground mining. And on Nov. 28, 2023, we welcomed Kavango Resources Plc as a strategic investor. Kavango shares our believe in the immense potential of our gold consolidation strategy in Zimbabwe.
Pambili on the TSX-V
Pambili Q2 2024 Corporate Presentation
Click here or on the image above to view or download our Q2 2024 corporate presentation on small-scale gold consolidation in Zimbabwe.
Western Canadian legacy oil and gas properties
Pambili has legacy obligations with the following properties in Western Canada:
Chauvin, AB: Property was sold to a new owner-operator in 2022
Chinook, AB: Has 100% ownership interest in 5 natural gas wells, which were shut-in as a result of commodity pricing and are currently non-operating
Cygnet-Red Deer, AB: Has 100% ownership in 2 natural gas and condensate liquids wells, which were shut-in as a result of commodity pricing and are currently non-operating
July 4, 2024: Pambili and Kavango Resources Plc cement strategic partnership in Zimbabwe with US$310,000 loan-to-equity conversion
Kavango CEO Ben Turney: ‘Kavango and Pambili share an appreciation of the immense, underexplored gold potential across Zimbabwe’s many greenstone belts’