Highlights
- First field work programme underway on Licence PL061/2021 (PL061) to detect and better spatially define the presence of regionally mapped Ngwako Pan and D’Kar Formation contact
- Work is complementary to the Q4 2025 geophysical programme conducted on PL082/2020 (PL082), with both licences being along strike of Cobre Limited’s (Cobre) Ngami Project
- Programme forms part of the initial investigation together with other geophysics techniques and/or soil sampling required to ultimately define drill targets
The Company is pleased to announce that it has, with approval from Kalahari Copper Limited (KCL), commenced its first exploration work programme for 2026 on KCL’s Botswana assets in the Kalahari Copper Belt (KCB), which is considered one of the most prospective areas in the world for new sedimentary copper discoveries (source: US Geological Survey). PL061 is held by Dalsu Investment Proprietary Limited, a wholly owned subsidiary of KCL (Dalsu). As announced on 9 February 2026, the Company has entered into a conditional share purchase agreement to acquire all the shares in KCL (Acquisition).
This programme will incorporate a ground magnetic geophysical survey on Licence PL061 to evaluate the regionally mapped Ngwako Pan (oxidised sandstone) and D’Kar Formation (reduced shale) contact, being the primary reduction-oxidation (Redox)-controlled target for significant sediment-hosted copper-silver mineralisation in the KCB.
This ties in with the Q4 2025 geophysical programme conducted on PL082 with approval from KCL, with both PL061 and PL082 being located along strike of Cobre’s Ngami Project – see Figure 1 below. The results of the PL082 geophysical programme will be released as soon as available. PL082 is also held by Dalsu.
CEO, Robin Birchall, commented: "I am delighted to report that our first work programme with KCL in the KCB is underway, and I commend the field team's swift mobilisation and their continued engagement with authorities and the local representative of the areas in which we operate. PL061 and PL082 are both high priority targets given their location on strike to Cobre’s Ngami project, which is a significant and growing deposit that has been delineated using a combination of geophysical techniques and fieldwork, followed by extensive drilling, which is a model we aim to follow at the KCL licences.”
About the work programme:
The ground magnetic geophysical survey can identify magnetic intensity with high resolution in order to recognise underground geological features, which will assist the Company in better spatially defining the presence of the regionally mapped Ngwako Pan and D’Kar Formation contact.
Clearing of lines is currently underway on PL061, which will be followed with surveying using a GSM19-magnetometer. The planned field work will cover a total of ca. 62-line kilometres and will continue till the middle of March 2026, with the processed data, interpretation and reporting of results expected in Q3 2026.