Cobre Limited Secures A$40M Exploration Deal with BHP for Botswana Projects

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Cobre Limited Secures A$40M Exploration Deal with BHP for Botswana Projects

Cobre Limited ( (AU:CBE) ) just unveiled an update.

Cobre Limited has entered into an Earn-In Agreement with BHP Group Ltd, where BHP will invest up to A$40 million for exploration in Cobre’s Kitlanya Copper Projects in Botswana. This partnership allows BHP to earn a 75% interest in the projects, providing Cobre with significant funding and expertise to enhance its exploration efforts. The collaboration highlights Cobre’s confidence in discovering Tier 1 copper-silver deposits and allows the company to maintain full ownership of its other projects. The initial exploration phase, scheduled to begin in April 2025, includes deep drilling and seismic surveys to assess the potential for major mineral discoveries.

More about Cobre Limited

Cobre Limited is a company operating in the mining industry, focusing on the exploration and development of copper and silver deposits. The company is particularly active in the Kalahari Copper Belt in Botswana, with projects such as Kitlanya East and West, as well as the Ngami and Okavango Copper Projects.

YTD Price Performance: 15.69%

Average Trading Volume: 400,746

Technical Sentiment Consensus Rating: Buy

Current Market Cap: A$25.21M

For an in-depth examination of CBE stock, go to TipRanks’ Stock Analysis page.

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