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Corporate Spotlight

Kopore Metals Limited is a publicly listed company on the Australian Securities Exchange (ASX:KMT), actively exploring and drilling its copper-silver projects on the emerging world class Kalahari Copper Belt, across the Republics of Botswana and Namibia.
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BOARD AND MANAGEMENT CHANGES

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BOARD AND MANAGEMENT CHANGES

ASX Announcement 1 April 2019 


Kopore Metals Limited (ASX: KMT, “Kopore” or the “Company”) advises the following changes to its Board and Management team.


Effective immediately, Mr Simon Jackson has been appointed as Managing Director. Mr Jackson is a Chartered Accountant with over 20 years’ of experience in the management of resource companies. Previously, Mr Jackson has held a number of senior management roles including CEO and Managing Director of ASX listed, Brazil focussed gold producer, Beadell Resources Limited, President and CEO of TSXV listed gold explorer Orca Gold Inc. and Vice President Corporate Development of intermediate gold producer Red Back Mining Inc. Mr Jackson has been a Director of multiple ASX and TSX listed companies.


Mr Grant Ferguson has stepped down as Managing Director and into a nonexecutive Director role. Mr Ferguson, one of the founders of Kopore, has also been engaged by the Company in an ongoing geological consulting role, to focus on progressing exploration at the Company’s copper-silver prospects located on the world class Kalahari Copper Belt, in the Republic of Botswana and Namibia. 


Commenting on the changes, Mr Peter Meagher, Chairman of the Board said:


“We are delighted to welcome Simon to his new role with Kopore. With the Company excited about the exploration potential of its properties and the market focussed on current developments in the Kalahari Copper Belt, the timing is perfect for an executive of Simon’s calibre to join the Company. 


“I would like to thank Grant for his tireless efforts as Managing Director. Grant has done a tremendous job in developing an initial geological concept, driving the formation of Kopore Metals and its team, in addition to amassing Kopore’s dominant land holding in the emerging world class Kalahari Copper Belt. The management changes will allow him to focus purely on exploration and geology and we look forward to Grant’s continued assistance in helping us achieve the goal we have set for our Company, which is to make a globally significant copper discovery.” 


A summary of the material terms of Mr Jackson’s executive employment agreement and Mr Ferguson’s consulting agreement are annexed.


Click here to view the full announcement

DRILLING TO COMMENCE

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DRILLING TO COMMENCE IMMEDIATELY AT THE ONGAVA DOMAL PROSPECT IN NAMIBIA 

ASX Announcement 13 March 2019 


HIGHLIGHTS 

  • Ongava Domal Prospect ground geophysical survey identifies multiple structural targets close to surface (50-300m) 
  • Interpreted ‘intact’ subsurface domal targets to be immediately drill tested 
  • Mobilising RC rig is being diverted from Omenye Domal Prospect to Ongava Domal Prospect


Kopore Metals Limited (ASX: KMT, “Kopore” or the “Company”) is pleased to announce that the second Natural Source Audio Magneto-Telluric (NSAMT) geophysical survey has been completed at the Company’s highest priority Ongava domal copper-silver prospect, located in the Republic of Namibia.


The Ongava Domal Prospect NSAMT survey has identified immediate drill targets from near surface to depths of 300m and has provided an interpretation of the overall geological architecture at the prospect, to approximately 1km depth.


The high priority Ongava Domal Prospect is approximately 34km in strike length. The Ongava Domal Prospect was interpreted from magnetics as a shallow near surface dome, with interpreted coincident thrust faulting, believed to be important to potential mineralisation trap sites. The NSAMT survey results indicate this highly likely with the targeted D’Kar/Ngwako Pan contact appearing to be developed at much shallower depths than in the nearby Omenye Domal Prospect.


Accordingly, the Company has redirected the currently mobilising RC rig to the Ongava Domal Prospect. An initial 2,000m RC drilling program will commence across the identified targets. Based upon the results of the initial drilling, the Company will consider a larger RC and Diamond drilling program. 


The survey comprised an initial 12-line km of 50m spaced NSAMT data that was acquired by Namibian based Gregory Symons Geophysics (GSG) along two north-west to south-east orientated, 8km space survey lines over the Ongava Domal Prospect (Figure 1).


Managing Director Grant Ferguson stated: 

“The NSAMT geophysical method has provided the Company with such compelling geological information at the Ongava dome, a currently mobilising RC drill rig is being diverted from the Omenye Domal Prospect to the Ongava Domal Prospect. 


The Ongava Domal Prospect survey results indicate the potential target horizons are close to surface, and given the dome has a strike length of 34km, an impressive level of blue-sky potential to explore.” 


Figure 1 - Ongava Domal Prospect - Magneto-Telluric Ground Geophysical Lines 

The continued results of this NSAMT survey method confirms the Company’s view that this ground geophysical method is applicable for the Kalahari Copper Belt. The NSAMT ground geophysical method continues to provide a better understanding of the geological and structural settings and is a stratigraphic targeting tool for the Ngwako Pan/D’Kar Formation contact position. This contact zone is known to host copper/silver mineralisation across the Kalahari Copper Belt.

Figure 2 - Ongava Domal Prospect Cross Section A-B with Interpreted Geology and Planned Drilling – Line 3 

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INVESTOR PRESENTATION

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NEW DRILLING TARGETS

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NEW DRILLING TARGETS IDENTIFIED AT THE OMENYE PROSPECT 

ASX Announcement 25 February 2019 


HIGHLIGHTS 

  • Two key drill targets identified from recently completed, 8-line km natural source audio magneto-telluric (NSAMT) ground geophysical survey over the Omenye prospect in Namibia. 
  • Drill targets interpreted as prospective for potential copper-silver mineralisation.
  • The drill targets comprises dome shaped structures, interpreted as anticlinal folds consisting of D’Kar Formation sediments overlying Ngwako Pan Formation sediments, with associated thrust faulting. 
  • Structural setting consistent with other known copper-silver mineralisation in the Kalahari Copper Belt. 
  • Kopore to immediately initiate an up to 2,000m Reverse Circulation (RC) drilling program to test identified targets.


Kopore Metals Limited (ASX: KMT, “Kopore” or the “Company”) is pleased to announce that a Natural Source Audio Magneto-Telluric (NSAMT) geophysical survey has been completed at the Company’s 100% owned Omenye domal prospect, located in the Republic of Namibia, identifying prospective drill targets and providing an understanding of the overall geological architecture at the prospect.


The survey comprised an initial 8-line km of 50m spaced NSAMT data that was acquired by Namibian based Gregory Symons Geophysics (GSG) along two north-west to south-east orientated, 3km space survey lines over the Omenye domal prospect (Figure 1). 


The Omenye domal prospect was selected as the initial target to undertake this survey based on coincident airborne geophysical and soil geochemical anomalies. The shallow cover combined with favourable depth to the target contact of the D’Kar Formation and Ngwako Pan Formation sediments make this a priority target. 


Managing Director Grant Ferguson stated: 

“The NSAMT geophysical method has been used successfully across the DRC and Zambian copper belt to identify conductive shale/siltstone units, in addition to structural settings that hosts known copper deposits. Initial results from the Omenye NSAMT geophysical survey indicates this method is applicable on the Kalahari Copper Belt. 


With resolution to depths of 800m vertically, we have identified two target horizons interpreted as shale/siltstones that appear to be offset by a thrust fault, which is consistent with copper-silver mineralisation in this belt. We are looking forward to drill testing these prospects and applying the NSAMT method to additional high priority targets in Botswana and Namibia.” 


Figure 1 - Omenye Domal Prospect - Magneto-Telluric Ground Geophysical Lines 


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ABOUT

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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.

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