DML | Our Projects | Boseto Copper Project

Boseto Copper Project

The Boseto Copper Project comprises fourteen prospecting licences covering an area of over 10,100km² in NW Botswana within the Kalahari Copper Belt. The project covers a large area of significant copper-silver mineralisation with the copper mineralisation occurring over 1,300 strike kilometres.

Discovery Metals has completed its first and second phases of drilling. To date it has confirmed substantial copper-silver mineralisation at the Zeta and Petra prospects and an increase in its Total Mineral Resource of 50.4Mt @ 1.4% Cu which includes an Indicated Mineral Resource of 8.9 Mt@1.4% Cu and 20 g/t Ag at the Zeta prospect and an Inferred Mineral resource of 41.5Mt @ 1.3% Cu at the Zeta, Petra and Plutus prospects. All cut-off grades are 0.6% Cu.

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

Exploration Update

While a key focus for Discovery Metals over the past 12 months has been pre-feasibility study and bankable feasibility study activities, our exploration program has continued with strong success.

Discovery Metals’ exploration program to date has identified a total indicated and inferred resource of 50.4 Mt @ 1.3% copper with 15 to 20 g/t Silver at a cut-off grade of 0.6% copper.

This represents a 55% increase in the overall Resource over the past 12 months, yet the company has only explored approximately 3% of its tenement package (320km2 out of 10,100 km2).

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 program 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.