Cobre Limited (ASX:CBE) Significant Botswana Copper Targets Identified
Significant Botswana Copper Targets IdentifiedSydney, Dec 16, 2020 AEST (ABN Newswire) - 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.
KML is subject to an agreement between Cobre and the existing shareholders of KML under which Cobre Kalahari Pty Ltd (a wholly owned subsidiary of Cobre) will acquire up to a 51% interest in KML (Transaction). Completion of the Transaction is subject to a number of conditions precedent being satisfied, including shareholder approvals at an Extraordinary General Meeting to be convened early next year.