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Open-ended targets expected to extend Cobre’s scale in Botswana

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Open-ended targets expected to extend Cobre’s scale in Botswana

Results from a modelling exercise at Cobre’s Ngami Copper Project (NCP) in Botswana has provided a clear indication of the project’s substantial scale. In addition, more than 20km of untested strike from open ended targets provides significant blue sky which is expected to further extend the project scale.

ASX listed Cobre’s NCP in the Kalahari Copper Belt (KCB) continues to catch the eye of those investors interested in early-stage exploration projects. The company’s model results at NCP have been classified into Exploration Target category based on the potential to extract copper from the deposit using an In-Situ Copper Recovery (ISCR) process1 which is supported by first stage metallurgical and hydrogeological work.

According to a statement by Cobre, the next steps to unlock the ISCR potential will include metallurgical testing designed to optimise copper recoveries and pump tests to establish the hydraulic connectivity along the mineralisation and prove the viability of an ISCR methodology. The pump tests and metallurgical testing will commence in the last quarter of the year.

Following successful pump test work, a diamond drilling programme totalling approximately 9,000m is planned to start in in the first quarter of 2024 to advance the Exploration Target Category 1 to Inferred Resource.

Open-ended targets expected to extend Cobre’s scale in Botswana

According to Adam Wooldridge, Cobre’s CEO the completed modelling work provides Cobre with a first pass estimate of the significant size and grade of copper mineralisation on the southern anticline structure at NCP.

“Our estimation models derived from drill tested mineralisation, geophysical data and geological modelling, indicate the project has a scale of between 103 and 166 Million tonnes (Mt) at 0.38 to 0.46% Copper (Cu) with a relatively small drill programme required to bring the first circa 23Mt into an inferred category resource. In addition, more than 20km of untested strike from open ended targets provides significant blue sky which is expected to further extend the project scale.

“Our metallurgical and high-level hydrogeological work indicates that the project is a strong candidate for ISCR which would provide a cost-effective method for beneficiating the copper from this substantial target with minimal environmental footprint. Our next steps along the ISCR journey will involve conducting pump testing to gather detailed hydrogeological information and conducting further metallurgical test work to optimise copper recoveries,” says Wooldridge.

Open-ended targets expected to extend Cobre’s scale in Botswana

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Open-ended targets expected to extend Cobre’s scale in Botswana

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