Discovery Metals is developing the Boseto copper project within its large tenement position in Botswana's highly prospective Kalahari copper belt.

The  Pre Feasibility Study for the Boseto copper project demonstrated Discovery Metal's plan to develop Botswana's largest copper mine is economically attractive.

The extensive tenement package is held 100% by Discovery Metals.

Exploration Update

The current mineral resources at Boseto is 102.8 Mt @ 1.4% Cu and 17.3 g/t Ag consisting of:

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

The Bankable Feasibilty Study on the Boseto Project is due for completion in July 2010 and production of first concentrate is currently planned for late 2011. Infill drilling for the feasibility study was completed in October 2009.  The resource will be updated for the Bankable Feasibility Study as soon as the assay results are to hand.

Discovery Metals continues to explore across the 14 prospecting licences and 1,300 km of prospective strike length  in north western Botswana and  continues to generate both new discoveries and new drill targets.

The company's tenement package is located in the Kalahari Copper Belt, a previously poorly explored extension of the world-renowned and lucrative Zambian Copper Belt.

There is still significant exploration upside and potential for resource levels to grow significantly.

Under the guidance of Country Manager Fred Nhiwatiwa, our drilling program to date has demonstrated a "near 100%" success rate in identifying drill targets that intersect copper-silver mineralisation.

The exploration program has continued to intersect high-grade mineralisation increasing the strike length in the existing Zeta, Plutus and Petra prospects. 

These three prospects represent only a fraction of the potential 1,300 kilometre mineralisation strike length and were selected as the first exploration targets from historical data available to Discovery Metals.

The programme has also begun exploring new prospect areas with initial drilling results from the Quirinus prospect, located 15 kilometres from the Zeta, Plutus and Petra prospects, confirming copper mineralisation over a 3 kilometre strike length.

Exploration results continue to suggest that Discovery Metals is operating in an emerging major copper province.

African Office Enquiries

Discovery Metals (Botswana) Pty Ltd
Unit 2 Ipelo House Plot 103, Gaborone International Commerce Park
Gaborone
Botswana

Post Net Kgali View
Private Bag 149
Suite 108

Ph +267 318 0751
Fax +267 318 0752