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
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Diversified Portfolio: Gold (Tati), diamonds (Orapa), and now copper (KCB) mitigate
risk.
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Blue-Sky Potential: New licenses near BHP/MMG offer near-term resource growth.
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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
Falcon Metal Resources Botswana: Lucara's P700 Million Diamond Haul Reinforces Botswana's Gemstone Prowess
Botswana's reputation as a leading source of high-quality diamonds has been further cemented by Lucara Diamond Corp.'s recent sale of two exceptional stones, the 1,080-carat Eva Star and the 549-carat Sethunya. This impressive $54 million (approximately P700 million) transaction underscores the continued productivity and remarkable mineralogy of the Karowe Mine.
Falcon Metal Resources Botswana recognizes the significance of such discoveries for the nation's economy and its standing in the global diamond market. Lucara's success highlights the potential of Botswana's mineral wealth and the importance of responsible and sustainable mining practices.
The sale of these two extraordinary diamonds, Sethunya recovered in 2021, and the more recently discovered Eva Star, showcases the Karowe Mine's unique ability to consistently yield Type IIa diamonds of exceptional size and clarity. This characteristic, as noted by Lucara President and CEO William Lamb, is "truly unprecedented in the industry." The consistent recovery of such high-value stones solidifies the Karowe Mine's position as a world-class diamond producer.
The financial details of the transaction reveal the substantial value these gems command. Lucara had previously received $20 million for the diamonds and received a further $24 million following the sale. This payment was structured in two installments, with $16 million received in Q4 2024 and the remaining $8 million in Q1 2025.
For Botswana, this multi-million pula windfall represents a significant boost to the economy. It serves as a reminder of the country's rich natural resources and the potential for further discoveries. Companies like Lucara, with their focus on innovation and operational excellence, play a crucial role in unlocking this potential and contributing to Botswana's economic growth.
Falcon Metal Resources Botswana acknowledges the importance of the mining sector to the nation's development and supports initiatives that promote sustainable and responsible resource management. The success of Lucara Diamond Corp. serves as an inspiration and reinforces the potential for further growth and prosperity within the Botswana mining industry. This sale not only benefits Lucara but also contributes to Botswana's overall economic landscape, showcasing the country's position as a key player in the global diamond market.
Falcon Metal Resources Botswana Awarded Prospecting License for Kalahari Copper close proximity to Khoemacau, Gantsi.
The Minister hereby granted exclusive rights to prospect for Metals in the license area for a period of 3 years commencing on 01 October 2024 and ending on 30 September 2027.
The License area shown on the map annexed here to in extent of One Hundred and Six Point Eight Eight Square Kilometers (106.88 km2) located in the North West District allows for the development and open-pit mining of copper at Ghanzhi, Botswana.
This license is in close proximity to KHOEMACAU COPPER MINE that was recently Acquired by MMG Limited for US$ 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.
Gravity Survey Commenced from Falcon Diamond Exploration!
02 January 2025
We are thrilled to announce the commencement of a gravity survey at our Orapa exploration project. This is a key step in advancing our understanding of the geological structures in the region and further strengthening our commitment to uncovering new diamond resources.
The gravity survey will provide critical data, helping us identify potential exploration targets and guide our next phase of development in the world-renowned Orapa diamond district.
This project represents a significant milestone in our mission to discover high-value diamond deposits and contribute to the growth of the global diamond industry. We look forward to the insights this survey will provide and are excited to share updates with you as we progress.
Stay tuned for more updates, and thank you for your continued support!
Strategic collaboration
with Dr. Jaime L.B. Presser
31 January 2025
As Falcon Metal Resources Botswana, we are excited to announce our Strategic collaboration with Dr. Jaime L.B. Presser, a renowned expert in diamond geology specializing in identifying potential kimberlite pipes that host commercial diamond deposits.
This partnership aims to enhance our upcoming exploration drilling campaign, leveraging Dr. Presser’s expertise to identify high-potential primary diamond deposits.
This collaboration aligns with the latest 10-year diamond agreement between the Botswana government and De-Beers Group, reflecting our commitment to advancing Botswana’s diamond industry. We are dedicated to sustainable and responsible exploration practices, contributing to the nation’s economic growth and the global diamond market.
Our partnership with Dr. Presser positions Falcon Metal Resources at the forefront of innovative exploration, promising significant returns and a positive impact on local communities.