Cobre Limited (ASX:CBE) to acquire a controlling interest in Kalahari Metals Limited (KML), which is the second largest tenement holder in the highly prospective Kalahari Copper Belt (KCB) in Botswana next to Sandfire Resources Ltd.
Cobre Limited (ASX:CBE) is pleased to provide the following update on Kalahari Metal Limited's (KML) exploration activities in Botswana through KML's wholly owned Kitlanya East (KIT-E) project.
Cobre Limited (ASX:CBE) is pleased to announce that it has signed the Share Purchase Agreement (SPA) for the scrip-based acquisition of up to 51% of the equity of UK based company, Kalahari Metals Limited.
Over the past year, significant progress has been made to the overall value of Cobre Limited (ASX:CBE) with the achievement of a number of significant milestones - including the Company's listing on the Australian Securities Exchange (ASX) in January.
Cobre Limited (ASX:CBE) is pleased to announce the successful completion of the due diligence period under the Heads of Agreement the Company executed with, among others, Metal Tiger plc (LON:MTR), for the proposed scrip-based acquisition of up to a 51% interest in the equity of Kalahari Metals Limited.
Cobre Limited (ASX:CBE) is pleased to provide the following update on its activities for the quarter ended 30 September 2020. During the quarter, the Company undertook a dual focus of continuing to concentrate on its exploration activities at the Perrinvale Volcanic-Hosted Massive Sulphide (VHMS) Project and the Kalahari Copper Belt in Botswana.
Cobre advises that it has agreed with KML shareholders to extend the exclusivity period from 21 October 2020 to 20 December 2020. The parties have agreed to extend the exclusivity period.
FY20 was a transformative year in which Cobre Limited (ASX:CBE) achieved a number of strategic milestones including the Company's listing on the ASX following its successful Initial Public Offering (IPO) in January 2020 which raised $10m before costs.
Cobre Limited (ASX:CBE) is pleased to provide an update on its metallurgical test work being undertaken for the mineralisation from the Schwabe Prospect within the Perrinvale Volcanic-Hosted Massive Sulphide (VHMS) Project located in Western Australia.
Newly incorporated OzAurum is looking to take a portfolio of strategic assets that had been assembled over almost 30 years by founder and managing director Andrew Pumphrey to the ASX next year.