Belararox (ASX:BRX) has executed an agreement to acquire 100% of the Kalahari Copper Project in Botswana.
- Agreement executed to acquire rights to 4,286km2 of prospective tenure across 14 prospecting licenses located in Botswana’s highly prospective Kalahari Copper Belt
- The acquisition secures Belararox a second significant copper exploration project in a highly prospective and mining-friendly jurisdiction
- The Company remains on track to commence a maiden drilling programme at its 100% owned TMT Project in Argentina in early November 2024
Exploration Director – Argentina, Jason Ward, commented: “With this acquisition, Belararox now has a second significant copper project in its portfolio, with Kalahari in another world-class metallogenic province. The Kalahari Copper Belt hosts several significant deposits, and we believe there are more to discover. Botswana is a desirable jurisdiction with great prospectivity, and the projects we have acquired are in the right geological setting to host copper and silver mineralisation.”
Belararox’s Managing Director, Arvind Misra, commented: “I am pleased to announce the execution of an agreement to acquire rights to 4,286 km² of highly prospective tenure across 14 prospecting licenses in the Kalahari Copper Belt, Botswana. This region, which is home to several world-class Cu-Ag orebodies in close proximity and along strike of our licenses, represents a significant opportunity for Belararox. The acquisition secures our second exciting copper project in a highly favourable exploration and business environment. We expect to commence our initial exploration programme at this exciting Botswana-based asset soon after it enters our books. The TMT Project in Argentina, where we are targeting world class copper deposits, remains our immediate exploration priority, with its maiden drilling campaign expected to commence in early November.”