Cobre Ltd (ASX:CBE) CEO Adam Wooldridge talked with Proactive's Stephen Gunnion about the company's latest exploration developments at the Ngami Copper Project in Botswana's Kalahari Copper Belt.
Wooldridge shared details of the 4,800-metre diamond drilling programme aimed at defining resources at the Comet target and exploring new zones. The current focus includes testing an airborne gravity gradient anomaly, which has already revealed compelling mineralisation 7.5 kilometres from the main target area.
"This first hole is part of a larger program to explore the potential of our targets, with early results demonstrating the system's size and extensive blue-sky potential," Wooldridge noted. He emphasised that if subsequent results confirm the presence of another system along strike, the project could yield additional significant deposits.
Drilling is expected to conclude in March or April 2024, with assay results anticipated in February. These findings will feed into resource modelling to shape future exploration and development strategies.