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Cobre Limited Announces Maiden Mineral Resource Estimate for Ngami Copper Project

Story Highlights
  • Cobre Limited announced a maiden Mineral Resource estimate for the Ngami Copper Project.
  • The project shows potential for significant expansion, comparable to Taseko’s Florence Copper Mine.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Cobre Limited Announces Maiden Mineral Resource Estimate for Ngami Copper Project

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Cobre Limited ( (AU:CBE) ) has shared an update.

Cobre Limited announced its maiden Mineral Resource estimate for the Ngami Copper Project, revealing a total mineral resource of 11.5 million tonnes at 0.52% copper and 11.6 g/t silver. The company also updated its exploration target, indicating significant expansion potential. The results suggest the project could achieve a similar scale and higher grade compared to Taseko’s Florence Copper Mine, highlighting the viability of their in-situ copper recovery development program.

More about Cobre Limited

Cobre Limited is a company operating in the mining industry, focusing on the exploration and development of copper projects. Their primary project is the Ngami Copper Project located in the Kalahari Copper Belt in Botswana.

Average Trading Volume: 629,253

Technical Sentiment Signal: Sell

Current Market Cap: A$18.62M

Find detailed analytics on CBE stock on TipRanks’ Stock Analysis page.

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