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Kopore Metals license acquisition enhances position in Kalahari Copper Belt

The Kalahari Copper Belt is an underexplored emerging copper province.

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Kopore is preparing to drill in Botswana

Kopore Metals Ltd (ASX:KMT) has increased its footprint in the Kalahari Copper Belt, located in Botswana.

The belt stretches for 1,000 kilometres and consists of folded and greenschist metamorphosed metasedimentary rocks along the north-west edge of the Kalahari Crato.

In total the belt hosts resources of 7 million tonnes of copper and 260 million ounces of silver, and is an underexplored emerging copper province with major development projects including Cupric Canyon Capital’s Zone 5 deposit and MOD’s T3 deposit.

Kopore acquires tenements

Kopore has now acquired four additional prospecting licences for copper and silver, comprising an area of 767 square kilometres.

This increases the company's wholly-owned prospecting licence area to 8,658 square kilometres on the Kalahari Copper Belt.

Importantly, the newly acquired licences are adjacent to Cupric Canyon Capital’s Banana Zone and Zone 5 Deposits, containing around 3 million tonnes of copper.

The licences cover the prospective D’Kar and Ngwako Pan Formations with favourable structural positions, associated with major copper deposits in the region.

Consideration

Kopore has used a very cost effective deal to increase its position, and consideration includes the payment of A$25,000 in cash and the issue of 1.5 million shares.

There are also addition share payments based on performance milestones.

Kopore last traded at 3 cents.

Quick facts: Kopore Metals Ltd

Price: 0.004 AUD

ASX:KMT
Market: ASX
Market Cap: $2.57 m
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