FMRB EXPANDS COPPER DOMINANCE IN THE KALAHARI COPPER BELT WITH NEW LICENSES – POSITIONED ALONGSIDE MAJOR PLAYERS LIKE BHP AND MMG

Historic Opportunities Unlocked as FMRB Secures Strategic Licenses in KCB, Tuliblock, Magogaphate, and New Xade Complex – Joining the Ranks of Global Giants

Gaborone, Botswana – 15 April 2025

Falcon Metal Resources Botswana (FMRB) is thrilled to announce a transformative expansion of its copper portfolio with the acquisition of new exploration licenses in the prolific Kalahari Copper Belt (KCB), including the high-potential Tuliblock and Magogaphate areas. These strategic additions solidify FMRB’s position as a key player in Botswana’s mineral sector, complementing our existing gold projects in the Tati Greenstone Belt and diamond ventures in the Orapa Diamond Belt.

A New Era for Copper in the Kalahari

The Kalahari Copper Belt, stretching from Botswana into Namibia, is globally recognised for its world-class copper-silver deposits. FMRB’s newly acquired licenses lie in the heart of this belt, adjacent to major developments:

BHP’s A$40M Investment in COBRE LIMITED (March 2025) – Just kilometers from FMRB’s newly applied licenses, sharing analogous geological pans and shear zones.

MMG’s Zone 5 (167Mt @2.1% Cu) – Our newly applied license border MMG’s flagship project, highlighting the district’s tier-1 potential.

Sandfire’s Motheo Mine & Falcon’s New Xade Targets – FMRB’s PL123/2025 and PL134/2025 licenses target deep-seated mineralization within the same complex, mirroring Falcon’s high-grade discoveries.

Key Highlights of the New Licenses:

Ngwako Pan & Dkar Formations: High-grade copper-silver mineralization (e.g., Zone 5N: 23Mt @1.9% Cu, 32g/t Ag).

Shear Zone Potential: Newly identified structures analogous to the Tuliblock Shear.

Synergy with Global Giants: Proximity to Sandfire, BHP and MMG operations

underscores the district’s scalability and investor confidence.

Why the Kalahari Copper Belt? A Historic Perspective

The KCB is not just a local phenomenon—it’s part of a 1,000km+ mineralized corridor extending into Namibia, where historic mines like Tschudi and Ongopolo have yielded millions of tonnes of copper. FMRB’s licenses sit atop the same geological engine that drove these successes, with untapped shear zones and pan formations ripe for discovery.

Botswana’s Strategic Edge:

Stable jurisdiction: Ranked #1 in Africa for mining policy (Fraser Institute, 2024).

Infrastructure: Trans-Kalahari Highway and rail links to Walvis Bay streamline

logistics.

Government support: Recent royalty reductions for copper (5% vs. 10% for diamonds) incentivize investment.

The FMRB Advantage

Diversified Portfolio: Gold (Tati), diamonds (Orapa), and now copper (KCB) mitigate

risk.
Blue-Sky Potential: New licenses near BHP/MMG offer near-term resource growth.
Proven Team: Led by ex-De Beers consultants and BCL geologists with 20+ years in Exploration.

Quote from Founder, Kago Stimela:

“This is a watershed moment for FMRB. With Sandfire, BHP and MMG as neighbours, our new licenses are poised to redefine Botswana’s copper narrative. We are highly excited in unlocking the next chapter of the Kalahari’s mineral wealth.”

Explore our interactive map: www.fmrb.co.bw/kcb-expansion
Contact Investor Relations: invest@falconmetalresources.com | +267 73 610 662 | 71 304 612 | 396 0584