The Company’s exploration activity in the Kalahari Copperbelt has two key objectives:
- discover copper-silver mineralisation within the Boseto Zone that may contribute to a larger life and expanded Boseto Copper Project; and
- discover new zones of copper-silver mineralisation in the Mid Kalahari and South West Kalahari Zones that may support the development of a new stand-alone project.
Discovery Metals holds 18 prospecting licences covering 11,872 square kilometres in the Kalahari Copperbelt of north-west Botswana. The prospecting licences extend from 60 kilometres south-west of Maun through to the Namibian border, a distance of over 280 kilometres. The licences contain approximately 1,500 strike kilometres of favourable geology with the potential to host copper-silver mineralisation. At 30 June 2012, approximately 34% of this prospective horizon’s strike has been explored (soil sampled) by Discovery Metals, and approximately 21% has been drill-tested to date.
The seven north-eastern tenements, located in Ngamiland, have been renewed until September 2012 (further renewal is expected), and the seven south-western tenements, located in the Ghanzi District, were renewed in July 2011 for two years until 30 June 2013. In February 2012, four new prospecting licences near D’Kar were granted. These became active on 1 April 2012 and these abut the Ghanzi District prospecting licences.