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KOPORE METALS LIMITED

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MOMENTUM BUILDING IN THE KALAHARI WITH WAIVER GRANTED FOR VIRGO LICENCES

ASX Announcement 27 August 2018

HIGHLIGHTS 

  • Kopore has received an environmental waiver to conduct a soil sampling program across its recently acquired Virgo licences1 in Botswana 
  • Waiver allows the Company the ability to potentially delineate copper soils anomalies before progressing to EMP submission stage 
  • Soil sampling and field reconnaissance work to begin Q4 2018 
  • Virgo licences adjacent to major regional Cupric Canyon’s Banana and Zone 5 Deposits, with approximately 3Mt of contained copper 
  • Virgo licences covers an area of prospective D’Kar Formation, known to host copper mineralisation on the Kalahari Copper Belt

Kopore Metals Limited (“Kopore” or “Company”) is pleased to announce it has received an Environmental Management Plan (EMP) waiver exemption to conduct a soil sampling program across its Virgo Licences (Figure 1), located on the emerging world class Kalahari Copper Belt.

The Company is planning to conduct a targeted regional soil sampling program concurrent to its continuing historical data collation and ground reconnaissance mapping programs.

Soil sampling and field reconnaissance work will begin as early as Q4 2018 with the Company targeting zones for subsequent geophysics and drilling programs.

Lodgement of an EMP is only required once a drill target has been identified and the Company aims to conduct follow-up exploration programs.

Historical exploration in the Virgo Project area has been limited, however the licence areas are located within 10km of Cupric Canyon’s regionally significant Banana Zone (~1.15Mt contained copper) and Zone 5 Project (~2Mt contained copper).

“The soil sampling program waiver allows the team to undertake initial exploratory work without having to go through the lengthy Environmental Management Plan approval process, until a soil anomaly has been delineated. The waiver provides the Company with potential time and cost savings in addition to providing earlier exposure to the licence areas potential.

Kopore is currently drilling in Botswana and developing our Namibian coppersilver exploration targets and strategy, with the aim of Virgo providing further regional scale exploration prospects.” – Grant Ferguson, Managing Director Kopore Metals.

Click here to view the full announcement

The company has identified the Kalahari Copper Belt as highly prospective with sixteen 100% owned prospecting licenses in Botswana and eight prospecting licences in neighbouring Namibia totalling 14,363 kilometres of prospects. 

With a dominant ground position on the Kalahari Copper Belt, the Company has leveraged strong neighbouring resource development to advance its own targets and believes its prospects have multiple opportunities for high-grade copper-silver discovery.

In its brief history, the company has a demonstratable record of identifying and acquiring high-quality, underexplored targets. Kopore has prioritised its exploration program, moving quickly to undertake ground and airborne electromagnetic surveys, ground geophysical and soil programs and drilling of its highest priority targets. 

As highlighted by its acquisition of its Namibian licences, the company believes strongly in the Kalahari Copper Belt and will continue to aggressively pursue regional opportunities with a fully funded exploration program including extensive drilling and soil sampling. 

The directors and management of Kopore provide strong direction with over 20 years of Australian and International technical, legal and executive roles in exploration, resource development, mining, legal and resource fields. 

THE KALAHARI COPPER BELT 

Extending from Northern Botswana into Namibia, the Kalahari Copper Belt is a 1,000-kilometre-long trend of sediment-hosted, stratiform Cu-Ag deposits hosted in Meso - and Neoproterozoic rocks along the NW edge of the Kalahari Craton, they consist of folded and greenschist metamorphosed Ghanzi (Botswana) and Tsumis (Namibia) Group metasedimentary rocks.

Kopore continues to explore for stratabound copper-silver deposits across its sixteen 100% owned prospecting licenses in Botswana and eight prospecting licences in Namibia, for a total of 14,363 square kilometres on the world class Kalahari Copper Belt. Kopore believes the Kalahari Copper Belt can provide the potential for large scale discovery, as demonstrated by neighbouring resource development companies.

BOTSWANA AND NAMIBIA

Kopore’s Projects are able to be advanced with the assistance of stable, mining friendly host countries. Botswana is one of Africa's most stable countries and is the continent's longest continuous multi-party democracy. As the world's largest producer of diamonds (by value) the country has been transformed it into a middle-income nation. 

Namibia has enjoyed stability since gaining independence in 1990, in 2013 Bloomberg named Namibia the top emerging market economy in Africa. According to the most recent Fraser Institute Annual Mining Survey, Botswana and Namibia are ranked #3rd and #6th respectfully for “investment attractiveness” in Africa, in addition to their highly ranked global position.

THIRD MAJOR COPPER SOIL ANOMALY IDENTIFIED AT THE KM2 PROSPECT

ASX Announcement 17 July 2018

HIGHLIGHTS: 

  • Major copper-lead-zinc soil anomaly identified over an area of 4.5km2 at the regional scale KM2 Prospect coincident with a major airborne electromagnetic (EM) conductor 
  • Kopore’s recently defined prospects confirm potential for major copper exploration targets on the Kalahari Copper Belt 
  • KM2 has been identified as an additional important drill ready prospect due to the geological context of the soil anomalies, airborne and ground EM 
  • Maiden RC drill program continuing at KM3 Prospect

Kopore Metals Limited (“Kopore” or “Company”) is pleased to announce a large coincident copper-lead-zinc soil anomaly has been delineated across the recently announced1 airborne electromagnetic (EM) conductor KM2 Prospect (Figures 1 and 2) at the Company’s Ghanzi West Project in the Republic of Botswana.

The KM2 Prospect coincident copper-lead-zinc anomalous zone covers an area of approximately 4.5km2 and coincides with the interpreted geology; an interpreted synclinal structure within the D’Kar formation (Figures 2, 3, 4, 5 and 6). Anticlinal and synclinal structures are highly prospective for copper mineralisation, as observed throughout the Kalahari Copper Belt.

The KM2 Prospect represents the third major copper soil anomaly identified within the GWD1 Dome and provides yet another immediate drill prospect with the potential for regional scale copper exploration targets.

Drilling is continuing on the KM3 Prospect2 , with drilling planned to follow at the GW3 Prospect, KM1 Prospect and now confirmed KM2 Prospect in Q3 2018. The Company will continue testing the remaining identified airborne EM conductor zones of interest over Q3/Q4 2018.

Managing Director Grant Ferguson stated:

“The identification of a third major copper soil anomaly at the GWD1 Dome is a testament to the success of the Company’s recent airborne EM and soil sampling programs across the 100% owned 8,658km2 licence portfolio in Botswana. Once thought to be extremely deep, our initial detailed exploration programs highlight the potential in this essentially unexplored region of the Kalahari Copper Belt.

Each of our major airborne EM conductor prospects announced recently, continue to provide regional size copper-zinc anomalisms. The consistent success of geochemical and geophysical exploration gives the Company confidence as we continue our maiden drill program across systematically ranked priority prospects throughout Q3 2018.”

NEXT STEPS 

Kopore is progressing the following exploration activities across the Ghanzi West portfolio:

  • GWD1 Dome (Figure 1) 
    • Continue to soil sample the remaining GWD1 Dome airborne identified EM conductor prospects KM4 to KM8. 
    • Complete reconnaissance drilling across the KM3 and GW3, before initiating a new drilling program at KM1 and KM2. 
  • Initiate soil sampling program across the GW3 and Okwa Prospects (Figure 1).

Click here to view the full announcement

KOPORE CONSOLIDATES THE NAMIBIAN EXTENSIONS OF THE KALAHARI COPPER BELT

ASX Announcement 11 July 2018


HIGHLIGHTS: 

  • Eight prospecting licenses acquired over an area of 5,705km2 on the Kalahari Copper Belt in Namibia (Namibia Licences) 
  • Namibia Licences are contiguous to existing Ghanzi West prospecting licences and known copper deposits 
  • Kopore total ground position now stands at 14,363km2 , covering key geology and interpreted domal targets 
  • Historical activities on the Namibia Licences provide the Company with additional advanced targets 
  • Company will repossess historic data to identify priority targets as it aims for environmental management plan approval by Q4 2018 
  • Drilling program underway at priority targets in Botswana

Kopore Metals Limited (“Kopore” or “Company”) is pleased to announce the approval of eight contiguous exclusive prospecting licences (EPLs), across an area of 5,705km2 , in the world class Kalahari Copper Belt (Namibia Licences). The Namibia Licences are located approximately 350km Northeast of the Namibian capital city of Windhoek and is bound by the Namibian border on the eastern and southern boundaries.

The Namibian Licences are contiguous to the Company’s Ghanzi West Licences in Botswana and provide a consolidated 14,363km2 license area (Figure 1).

TENURE 

The Company received from the Namibian Department of Mines and Energy (Namibian Department) a notice of preparedness to grant each of the Namibian Licences for a 3 year period upon acceptance by Kopore of certain terms and conditions. Kopore has accepted the terms and conditions and is now awaiting issue of the final licence documents.

The Namibian Licences comprises eight EPLs (Table 1) over a total area of 5,705km2 on the Kalahari Copper Belt, located in the Omaheke region of the Republic of Namibia.

THE PROJECT 

Previous explorers active on the Namibian Licences over the past 10 years, have included Eiseb Exploration and Mining Ltd (Namibian subsidiary of Cupric Canyon) and Antofagasta PLC.

The Namibian Licences have received limited exploration by these previous explorers which identified a number of copper prospects that are interpreted as domal features (Figure 2). This historical exploration included diamond drilling, RC drilling and soil samples.

The Company is currently collating technical information from the Namibian Department and the Company will reprocess historic data to identify priority targets as it aims to receive environmental management plan (EMP) approval over the Namibian Licences by Q4 2018.

Click here to view the full announcement

This is a paid advertisement. HotCopper does not endorse, approve or take responsibility for the statements made.
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