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Kopore Metals Ltd

Kopore Metals gets all-clear for exploration in Namibian leg of Kalahari belt

The government approvals will allow exploration copper and zinc prospects.

Kopore Metals' prospecting licences in Namibia
Kopore Metals' prospecting licences in Namibia

Kopore Metals Ltd (ASX:KMT) has received environmental certificates for its eight Namibian prospecting licences, opening the door to the company’s planned exploration program in the southern African nation.

The West Perth-based company is focused on exploration in the Kalahari Copper Belt, in the Republic of Botswana and Namibia.

WATCH: Kopore well positioned in 'under-explored' Kalahari Copper Belt

Kopore first pegged ground in Namibia this year after previously securing tenements at two project areas in Botswana.

The company said today the certificates were a milestone and covered the full area of its exclusive prospecting licences in Namibia.

READ: Kopore Metals licence acquisition enhances position in Kalahari Copper Belt

Kopore managing director Grant Ferguson said, “The granting of the ECCs across our Namibian prospecting licences is a positive step for the company, enabling us to commence our exploration program from January 2019.

“The company believes the granting of the ECCs further confirms the continued commitment of the Namibian government to the company’s 100%-held subsidiary, Trans Kalahari Copper Namibia.

“New regional discoveries and a steadily increasing database are providing the company with an exciting foundation to commence field exploration in early 2019.”

 

Ferguson spoke to Proactive Investors last month, saying the junior company was well positioned in the “underexplored” 1,000-kilometre Kalahari belt.

The belt consists of folded and metamorphosed meta-sedimentary rocks located along the north-west edge of Kalahari Crato.

Kopore Metals' prospecting licences along Africa's Kalahari Copper Belt

Kopore Metals' prospecting licences along Africa's Kalahari Copper Belt

Next steps

Kopore expects to start exploration at its Omenye and Ongava Domal prospects in the first stage of its campaign.

The company has identified a copper and zinc soil geochemistry anomalism at Ongava Domal prospect, about 60 kilometres along strike from MOD Resources Ltd’s (ASX:MOD) (LON:MOD) T23 copper discovery.

Kopore plans to undertake a ground electromagnetic survey over Ongava Domal to help refine geological interpretation and determine an initial potential exploration program.

Quick facts: Kopore Metals Ltd

Price: $0.01

Market: ASX
Market Cap: $4.5 m
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