Cobre Limited (ASX:CBE) Kalahari Copper Belt Botswana Presentation
Kalahari Copper Belt Botswana PresentationSydney, April 6, 2021 AEST (ABN Newswire) - Cobre Limited (
ASX:CBE) to acquire the controlling interest in Kalahari Metals Limited. Kalahari Metals Limited (KML) is the second largest tenement holder in highly prospective Kalahari Copper Belt (KCB) in Botswana next to Sandfire Resources Ltd (Sandfire)
Following shareholder approval today the 6th of April 2021, Cobre Ltd
ASX:CBE (Cobre) will acquire up to a 51% stake in KML funded by the issue of circa 21.4 million Cobre shares.
KML will be operated as a joint venture between Cobre Kalahari Pty Ltd (a wholly owned subsidiary of Cobre) (51%) and Metal Tiger PLC (49%).
Cobre Limited (ASX:CBE) Kalahari Copper Belt Botswana Presentation - ABN Newswire (@ABN_Newswire)
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Cobre Limited (CBE AX) New Priority Copper-Silver Target Area in Botswana
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Cobre Limited (ASX:CBE) New Priority Copper-Silver Target Area in Botswana
New Priority Copper-Silver Target Area in BotswanaSydney, Mar 5, 2021 AEST (ABN Newswire) - Cobre Limited (
ASX:CBE) is pleased to provide the following update on Kalahari Metals Limited s (KML) exploration activities in Botswana through KML s wholly owned Kitlanya East (KIT-E) project.
As first announced to the ASX on 24 August 2020, KML is subject to an agreement between Cobre and the existing shareholders of KML, under which Cobre Kalahari Pty Ltd (a wholly owned subsidiary of Cobre) will acquire up to a 51% interest in KML (Transaction). Completion of the Transaction is subject to a number of conditions being satisfied, including shareholder approval at an Extraordinary General Meeting (EGM) on 6 April 2021.