Tshukudu Exploration, Metal Tiger LImited’s (LON:MTR) new joint venture in the Kalahari Copper Belt in Botswana has had all of its exploration licences renewed.
A new prospecting licence has also been awarded to the joint venture.
Tshukudu was formed as the result of a re-jigging of the relationship with MOD Resources PLC (LON:MOD).
Metal Tiger now owns 30% of Tshukudu and a 12.5% direct stake in MOD, which is separately developing the T3 copper mine and owns 70% of Tshukudu.
Michael McNeilly, Metal Tiger’s chief executive, said: “These extensions, together with the new prospecting licence, secure title over a very prospective tract of the Kalahari Copper Belt, including the Central Structural Corridor which is yielding some very exciting targets and offers the potential of new copper deposit discoveries.”