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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.