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An announcement from Cobre Limited ( (AU:CBE) ) is now available.
Cobre Limited reported a half-year loss of $1.8 million to 31 December 2025 as it advanced copper exploration in Botswana’s Kalahari Copper Belt. The company’s results reflect higher exploration expenditure across its 100%-owned licences and the progression of its earn-in arrangement with BHP over the Kitlanya East and West projects.
During the period, Cobre signed an investment agreement with Sinomine International Exploration giving Sinomine the right to acquire a 70% interest in the Okavango Project for $7 million following an investment of up to $3 million. After the half-year, Cobre moved to diversify geographically, entering a binding deal with Minera Salar Blanco to earn up to a 51% stake in Chile’s Sierra Atacama Copper Project, which includes an operating underground mine producing around 400 tonnes of copper cathode per month.
The most recent analyst rating on (AU:CBE) stock is a Hold with a A$0.17 price target. To see the full list of analyst forecasts on Cobre Limited stock, see the AU:CBE Stock Forecast page.
More about Cobre Limited
Cobre Limited is an Australia-listed mineral exploration company focused on sedimentary-hosted copper-silver deposits in the Kalahari Copper Belt in Botswana. Its key assets include the Kitlanya East and West copper projects under an earn-in with BHP, as well as the wholly owned Ngami and Okavango projects, and it also holds a minority stake in ASX-listed Rapid Critical Metals Limited.
Average Trading Volume: 2,231,533
Technical Sentiment Signal: Buy
Current Market Cap: A$104.6M
For a thorough assessment of CBE stock, go to TipRanks’ Stock Analysis page.