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Kalahari Metals begins Botswana exploration in further boost to Metal Tiger

Metal Tiger has the right to earn up to 50% of Kalahari, following a deal signed in June

The ground is highly prospective for copper and silver

Kalahari Metals, a privately-held company in which Metal Tiger LTD (LON:MTR) has recently invested, has begun exploration for copper and silver in Botswana.

The company holds interests in seven highly prospective exploration licences covering 4,063 square kilometres in the Kalahari copper belt, consisting of two 100% owned exploration licences and five exploration licences subject to a binding earn-in agreement with Triprop Holdings Limited.

WATCH: Metal Tiger looks to acquire up to 50% of Botswana-focused Kalahari Metals

Metal Tiger has the right to acquire up to 50% of Kalahari Metals under a deal signed in June, giving it further exposure to largely unexplored ground, adjacent to significant recent discoveries in the highly prospective Kalahari Copper Belt.

Kalahari Metals will conduct airborne magnetic and electromagnetic surveys on the prospective Okavango project and Ngami copper project concessions.

 “We are very pleased to announce the start of what will, not doubt, be an exciting and hopefully rewarding exploration programme over the two Kalahari Metals Limited Okavango and Ngami Copper Projects in a world class copper region in Botswana,” said Michael McNeilly, chief executive of Metal Tiger.

“With the Okavango project located directly along strike from the major Cupric Canyon Capital copper deposits and the Ngami project located to the north of our T3 feasibility-stage joint venture project, Metal Tiger enjoys very significant exposure to the potential discovery of new copper and silver deposits.”

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Price: 1.05 GBX

Market: AIM
Market Cap: £15.98 m

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