FalconMetalResourcesBotswana

Copper-nickel (Cu-Ni) · PL 0107 & 0108/2026

Nkwe Copper-Nickel ProjectASX: JRL Listed

District-scale magmatic copper-nickel ground on the Tuli Block, in the shadow of Selebi-Phikwe.

PL 0107 & 0108/2026

At a glance

1,946.69 km²

Granted across two licences, held 100%

5 targets

Priority targets across three geophysical anomaly zones

185 km

South of Francistown, with a sealed road through the licence area

Project overview

Tuli Block, Limpopo Mobile Belt

PL 0107/2026 and PL 0108/2026 cover 1,946.69 km² of the Tuli Block, in the Central Zone of the Limpopo Mobile Belt, running up to the South African border along the Limpopo River. This is district-scale, early-stage base-metal ground interpreted as analogous to the Selebi-Phikwe and Sunnyside magmatic sulphide systems nearby.

Both licences were granted on 1 July 2026 for a three-year term and are held 100% by Sec Gold Group Botswana, a Falcon subsidiary. No dedicated base-metal exploration is recorded on this ground: earlier work in the district by DiamonEx and Albildon was aimed at kimberlites and at prospects outside the current licence area.

Access is straightforward. The ground sits roughly 185 km south of Francistown and 275 km northeast of Gaborone, reached on the sealed A1 highway to Palapye and then the B140, which runs directly through the licence area.

Licences
PL 0107/2026 and PL 0108/2026
Holder
Sec Gold Group Botswana (Pty) Ltd, a Falcon subsidiary
Size
1,946.69 km²
Commodity
Copper-nickel (Cu-Ni)
Location
Tuli Block, Bobirwa and Palapye districts
Stage
Early exploration
Ownership
100%

Geology

Geological framework

Host terrane

The Baines Drift and Mahalapye Complexes: Archean gneisses, migmatites, metasedimentary rocks including marble and calc-silicate units, and amphibolites, intruded by mafic-ultramafic sills and plugs.

Mineralisation style

Magmatic copper-nickel sulphides, pentlandite, pyrrhotite, chalcopyrite and pyrite. High-grade metamorphism has remobilised the primary sulphides and concentrated them along late-stage shears, fracture planes and fold hinges.

Secondary target

Skarn-style and replacement polymetallic mineralisation within the thick calc-silicate and dolomitic marble units of the Baines Drift Complex.

Structural control

Regional geology trends northeast to southwest. The mafic-ultramafic sills sit as deformed, boudinaged bodies along paragneiss contacts at the margins of the granite-gneiss basement, a framework that focuses magmatic emplacement and fluid flow.

Target definition

Five priority targets have been defined across three anomaly zones: high-amplitude magnetic and conductive responses tied to meta-ultramafic rocks along regional structural corridors, with signatures comparable to the Selebi-Phikwe and Magogaphate Shear Zone systems.

Work programme

Next steps

  1. Desktop compilation and review of all historical reports and data
  2. Geological mapping and ground-truthing across the five priority targets
  3. Systematic, georeferenced soil geochemistry
  4. Ground geophysical surveys over the three anomaly zones
  5. Drill testing of priority copper-nickel sulphide targets

Geology

Tenement schedule

LicenceHolderAreaTerm
PL 0107/2026Sec Gold Group Botswana991.41 km²1 Jul 2026 to 30 Jun 2029
PL 0108/2026Sec Gold Group Botswana955.28 km²1 Jul 2026 to 30 Jun 2029

Both licences are active and in good standing, with transfer applications pending. They carry a broad metals suite including copper, nickel, gold, platinum, palladium, silver, cobalt, chrome, lead, manganese, iron, titanium and zinc.

Geology

Regional deposit comparison

DepositClassificationTonnageCuNi
Selebi-PhikweInferred Resource (SLR, 2024)24.72 Mt1.50%0.92%
SunnysideMineral Resource (SAMREC, 2014)3.70 Mt0.22%0.36%

Third-party figures for nearby deposits, shown as exploration analogues only. They have not been verified by a Competent Person, they are not Falcon's mineral resources, and there are no Mineral Resource estimates for Nkwe. No known historical mining has taken place on the ground.

Documents

Reports and presentations

Project data packages are available to qualified parties on request. Contact us.

Investor opportunities

Discuss the Nkwe Copper-Nickel opportunity with our team.

Full data packages and technical findings are available to qualified parties under NDA.

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