FMRB expands copper dominance in the Kalahari Copper Belt with new licences

Historic opportunities unlocked as FMRB secures strategic licences in the KCB, Tuliblock, Magogaphate and the New Xade Complex.

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 licences 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 licences lie in the heart of this belt, adjacent to major developments:

• BHP's A$40M investment in Cobre Limited (March 2025): just kilometres from FMRB's newly applied licences, sharing analogous geological pans and shear zones.
• MMG's Zone 5 (167Mt @ 2.1% Cu): our newly applied licence borders MMG's flagship project, highlighting the district's tier-1 potential.
• Sandfire's Motheo Mine and Falcon's New Xade targets: FMRB's PL123/2025 and PL134/2025 licences target deep-seated mineralisation within the same complex.

Key highlights of the new licences

• Ngwako Pan and D'Kar Formations: high-grade copper-silver mineralisation (e.g. Zone 5N: 23Mt @ 1.9% Cu, 32 g/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 1,000 km+ mineralised corridor extending into Namibia, where historic mines like Tschudi and Ongopolo have yielded millions of tonnes of copper. FMRB's licences 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) incentivise investment.

The FMRB advantage

1. Diversified portfolio: gold (Tati), diamonds (Orapa), and now copper (KCB) mitigate risk.
2. Blue-sky potential: new licences near BHP and MMG offer near-term resource growth.
3. Proven team: led by ex-De Beers consultants and BCL geologists with 20+ years in exploration.

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

Kago Stimela, Founder

Investor relations: invest@falconmetalresources.com, +267 73 610 662, +267 71 304 612, +267 396 0584.