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Cobre Limited ( (AU:CBE) ) just unveiled an announcement.
Cobre Limited raised a total of A$5.5 million through strategic placements to Sinomine International Exploration and Tribeca Investment Partners to fund follow-up diamond drilling at its Okavango Copper Project and to accelerate development work on the Ngami In-Situ Copper Recovery Project in Botswana. During the quarter, the company reported encouraging copper intersections at the Cosmos Target near the Comet Deposit, advanced seismic surveys at Ngami and Kitlanya as part of its collaboration with BHP, and secured environmental approval from Botswana’s Department of Environmental Protection for the scope of an Environmental Impact Assessment tied to an ISCR pilot plant, collectively marking a significant step toward de-risking and potentially fast-tracking its Botswana copper portfolio.
The most recent analyst rating on (AU:CBE) stock is a Hold with a A$0.16 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 (ASX: CBE) is an Australia-based mineral exploration company focused on copper projects in Botswana, including the Ngami In-Situ Copper Recovery Project, the Okavango Copper Project, and the Kitlanya West and East tenements. The company targets sediment-hosted copper deposits and works with strategic partners such as BHP and Sinomine International Exploration to advance exploration and potential development across this emerging copper district.
Average Trading Volume: 1,223,580
Technical Sentiment Signal: Buy
Current Market Cap: A$78.28M
For an in-depth examination of CBE stock, go to TipRanks’ Overview page.