Botswana Minerals Secures Eight Copper Licences in North-West Botswana Amid Strategic Repositioning
Botswana Minerals has reported significant exploration progress, securing eight copper-focused prospecting licences in north-west Botswana covering 7,000 km². The licences, awarded as a result of AI analysis, are valid until December 31, 2028, and represent a strategic shift towards copper and critical minerals. The company aims to advance geophysical surveys and engage with potential joint venture partners, while maintaining its diamond portfolio amidst market challenges.
Theia Market Signal Identification - AI Assisted
Botswana Minerals has secured eight copper prospecting licences in north-west Botswana, covering approximately 7,000 km². This achievement follows AI-driven analysis of its extensive geoscientific dataset.
The licences, valid until December 31, 2028, support the company's strategy to focus on copper and critical minerals due to robust demand. Planning for geophysical surveys is underway to refine targets.
Ongoing discussions with potential JV partners reflect the growing interest in copper. While diamonds remain important, capital is being directed towards copper due to market conditions. The company aims to build and test copper targets over the next 24 months and has achieved a major milestone with the first mining permit at Thorny River, which has defined exploration targets of 1.2-2.1 million tonnes.
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