Discovery Metals provides investors with good exposure to copper and silver prices with production from the Boseto operations having commenced in June 2012. Hosted by the politically stable and highly ranked investment destination of Botswana, the Boseto operations are highly unlikely to be affected by the political, fiscal and natural perils of many other mining investment destinations.
The Company’s current focus is to transition Boseto to an underground mining operation, commencing with the Zeta Underground Mine. The consistent higher grade sulphide ore generated from underground mining together with a continued focus on costs will underpin a profitable operation. The Company has identified several other underground mining targets in the Boseto region and is focused on upgrading and converting them into the life of mine development plan.
The Company continues exploration across the vast exploration licences in the Kalahari Copperbelt in search of mineralisation that can justify investment of a similar nature. The Company has extensive early stage manganese and other minerals and metals exploration licences in southern Botswana. The Company also evaluates projects in other mining friendly jurisdictions around the world.