Falcon Metal Resources Botswana Awarded Prospecting License  for Kalahari Copper close proximity to Khoemacau, Gantsi.

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The Minister hereby granted exclusive rights to prospect for Metals in the license area for a period of 3 years commencing on 01 October 2024 and ending on 30 September 2027.

 

The License area shown on the map annexed here to in extent of One Hundred and Six Point Eight Eight Square Kilometers (106.88 km2) located in the North West District allows for the development and open-pit mining of copper at Ghanzhi, Botswana. 

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This license is in close proximity to KHOEMACAU COPPER MINE that was recently Acquired by MMG Limited for US$ 1,875 billion.

 

Khoemacau Mine Key Highlights:

* Annual copper equivalent production of 50 to 65 thousand tonnes with a near term expansion to 135 to 155 thousand tonnes.

* Dominant land holding in the emerging, highly prospective Kalahari Copper Belt, with a 4,040 km2 tenement package. Mineral Resources of 6.4 million tonnes contained copper and 263 million ounces contained silver[2]

 

Falcon Metals is now moving forward with initial Geophysical surveys , historical data interpretation and compilation, Interpretation of available magnetic and gravity data sets followed by surface development work and clearance activities.