Kaoko Metals to List on ASX and Pursue Copper Exploration in Namibia
Kaoko Metals is preparing for its ASX listing on April 21, aiming to accelerate copper exploration in Namibia. The company plans to drill at its Chalkos copper-silver project and the Karibib copper, gold, and tungsten project, both located in underexplored mineral belts. Kaoko's IPO seeks to raise between $5.5 million and $6.5 million for these activities, as copper prices rise. The company also has plans for geological mapping and further studies post-listing.
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Kaoko Metals is set to list on the ASX on April 21, targeting the Chalkos copper-silver project and the Karibib copper, gold, and tungsten project in Namibia. The IPO aims to raise $5.5 million to $6.5 million for drilling and geophysical surveys.
Chalkos has a confirmed 20km mineralised strike, with rock chip samples showing up to 69.6% copper and 2,030g/t silver. The Karibib project offers additional multi-commodity potential. Kaoko plans to mobilize for fieldwork immediately after listing to define high-priority targets and commence drilling at both projects.
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