Corporate Overview
Pambili Natural Resources Corporation (TSX-V: PNN), based in Calgary, Canada, has traditionally operated in the oil and gas sector, and still owns or operates producing 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 operations
Pambili currently owns or operates these properties in Western Canada:
Chauvin, AB: Operates a producing property with approximately gross 15 BOPD, net 6 BOPD
Chinook, AB: Has 100% ownership interest in 5 natural gas wells (currently shut in as a result of commodity pricing)
Cygnet-Red Deer, AB: Has 100% ownership in 2 natural gas and condensate liquids wells, with seasonal production based on a higher-price regime
Nov. 22, 2023: Pambili confirms 1:10 share consolidation
Transaction allows PNN to capitalize on its Zimbabwe gold project pipeline