Discovery Metals is focused on developing the Boseto Copper Project (100% owned) in north west Botswana and to create shareholder wealth through discovery and development of economic mineral deposits.  This is the Company's major asset and is located in north west Botswana.  The company also controls the Dikoloti Nickel Project (85%) in north east Botswana.

Discovery Metals' Boseto Copper Project (100% owned) is located in north-west Botswana, approximately 80 km south-west of the town of Maun, within the district of Ngamiland.  A seven tenement package was granted to Discovery Metals in September 2005 and fieldwork on this tenement package commenced in October 2005.  The Government of Botswana approved the Company's renewal of these tenements in September 2008 and all prospective areas were retained by the Company. In June 2008, Discovery Metals was granted an additional seven tenements extending from the south-west boundary of the original 2005 granted tenements through to the Namibian border, adding 5,700 km2 to the area held under prospecting licenses, to bring the total current tenement area to 10,100 km2.  The outer limit of the exploration licence area starts approximately 60 km south-west of Maun and stretches in a south-westerly direction for approximately 300 km to the Namibian border.

The Boseto Copper Project is located within a belt of significant copper-silver mineralisation that extends from the well known and more highly developed Zambian Copper Belt across north-west Botswana and into Namibia.  The poorly explored and undeveloped portion of this belt in north-west Botswana is known as the Kalahari Copper Belt. 

Copper in the Boseto Project area occurs predominantly in chalcocite, with minor amounts of bornite and other copper sulphides present.  At shallow depths, malachite and chrysocolla exist in significant proportions within some areas of the mineral resource. 

The total Mineral Resource for the Boseto Copper Project, reported in accordance with The Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (The JORC Code, "2004 Edition") at a cut off of 0.6% Cu is:

102.8 Mt @ 1.4% Cu and 17.3 g/t Ag containing 1.4 Mt Cu metal and 57 Moz silver consisting of:

• Indicated Mineral Resources of 18.5Mt @1.4% Cu and 17.8 g/t Ag; and
• Inferred Mineral Resources of 80.3Mt @ 1.4% Cu and 16.9 g/t Ag.

A Pre Feasibility Study for the Boseto Copper Project was completed on time and on budget in July 2008.  Discovery Metals is currently undertaking a Bankable Feasibility Study for the Boseto Copper Project.

Discovery Metals is listed on the following markets:

• Australian Stock Exchange (ASX: DML) - December 2003
• Botswana Stock Exchange (BSE: DML) - December 2006
• Alternative Investment Market (AIM: DME) - June 2007