Cobre Ltd. is pleased to advise that the Minister of Mineral Resources, Green Technology and Energy Security In Botswana has provided consent to the application for a change of controlling interest in Kalahari Metals Limited . As a result of the Minister's approval, Cobre's interest in KML will increase from its current level of 49.9% to a [...]
Cobre Ltd. achieved a number of significant milestones to execute on its revised global copper strategy. These milestones included finalising the acquisition of 49.99% ownership of Kalahari Metals Limited which owns highly prospective tenements spanning across ~8,100km2 in the Kalahari Copper Belt in Botswana, as well as securing a district scale [...]
Cobre Ltd. is pleased to announce that it has subscribed for A$1.0m as a cornerstone investor in the Initial Public Offering of Armada Metals Ltd. , pursuant to Armada's Prospectus lodged with the Australian Securities and Investments Commission on 9 November 2021. Cobre currently holds 18.5% of the fully paid ordinary shares in Armada, having [...]
Cobre Ltd. is pleased to provide the following update on its activities for the quarter ended 30 September 2021, during which the Company continued to focus on its diverse project portfolio in Australia, its investments in Botswana and Gabon and its corporate strategy. HIGHLIGHTS Botswana: - The maiden joint venture drilling program continued in [...]
Cobre Ltd. is pleased to announce commencement of the next phase of drilling at the Endurance Prospect on Kalahari Metals Limited's wholly-owned Kitlanya East Project in Botswana. KML is a private UK company which controls approximately 8,100 km2 of tenements within the Kalahari Copper Belt in Botswana . Cobre currently holds a 49.9% ownership in [...]
Cobre Ltd. is pleased to announce results from recently completed RC and diamond drilling at the Endurance Prospect on its Kitlanya East Project in Botswana. As part of an extensive drill programme on the KIT-E Project, a total of 1,701m of RC drilling and 397m of diamond core drilling have recently been completed on the Endurance Prospect. These [...]
FY21 was a year of strategic acquisition growth for Cobre Ltd. and represented a significant shift in Cobre's strategy to become a global copper explorer. In particular, Cobre achieved a number of significant milestones to execute on its revised global copper strategy including, finalising the acquisition of 49.99% ownership of Kalahari Metals [...]
Cobre Ltd. refers to its announcement of 27 July 2021 and is pleased to advise that the Company's conditional investment in Metal Tiger plc was approved by MTR shareholders at MTR's Extraordinary General Meeting held on 16 September 2021. Cobre has now paid the subscription amount of AUD$1.0m and has been issued a total of 2,702,703 new CHESS [...]
The Kalahari Copper Belt is regarded as one of the world's most prospective areas for yet-to-be-discovered sediment-hosted copper deposits by the US Geological Survey. With shareholders' approval, in April 2021 Cobre Ltd. and Metal Tiger plc commenced operating Kalahari Metals Ltd as a JV, approving 7,000m of drilling to commence the JV's [...]
Cobre Ltd. is pleased to provide the following update on its activities for the quarter ended 30 June 2021. During the quarter, the Company continued to focus on its diverse project portfolio in Australia, Botswana and Gabon. HIGHLIGHTS Botswana: - Maiden Joint Venture drilling program underway in the Kalahari Copper Belt, Botswana; and - Initial [...]
Cobre Ltd. is pleased to announce that it has agreed to invest A$1.0m into the capital raising announced yesterday by Cobre's largest shareholder, ASX and AIM listed, Metal Tiger plc , who are undertaking a two tranche conditional capital raising of A$5.0m , at a placement price of A$0.37 per CHESS Depositary Interest . Commenting on the investment [...]
Cobre Ltd. is pleased to announce the completion of airborne magnetic and gravity surveys on Kalahari Metal Limited's wholly owned Kitlanya West project in Botswana. In addition, diamond drilling has now commenced on the first Airborne Electromagnetic target with initial results corroborating the conceptual target model with mineralisation expected [...]