Cobre owns 100% of an extensive land package of highly-prospective copper and silver exploration tenements in the Kalahari Copper Belt (KCB).
Landholding comprises the second largest tenement package in the KCB in proximity to, and along strike from, known deposits in the KCB. The KCB is regarded as one of the world’s most prospective areas for yet-to-be-discovered sediment hosted copper deposits by the US Geological Survey and is emerging as a new copper production belt.
KML’s landholdings are along strike, and adjacent to, two major development projects: from Khoemacau’s Expansion Project and Sandfire’s (ASX: SFR) Motheo Production Hub.
Cobre is currently pursuing two base metal exploration projects, Perrinvale and Sandiman, which both represent under-explored areas within the low-risk mining jurisdiction of Western Australia.
Recent drilling at the Schwabe Prospect at Perrinvale has identified massive sulphide mineralisation at shallow depth, including 6m grading 8.93% copper, 3.1 g/t gold, 3.52% zinc, 30 g/t silver and 0.14% cobalt. Cobre is now focussed on follow-up exploration at Perrinvale to unlock the VHMS potential of the area.
The Kalahari Copper Belt comprises or a 1000km long linear belt of north-east to south-west trending volcano-sedimentary rocks extending from Klein Aub in Namibia to the Shinamba Hills in northern Botswana. The region has been highlighted by the USGS as the world’s most prospective area for yet-to-be-discovered sediment hosted copper deposits.
The ex-Fortescue Metals Group (FMG.AX) Perrinvale Project includes four confirmed VHMS base metal prospects called Schwabe, Zinc Lago, Ponchiera, Monti. The project area is located around Lake Barlee, which is NW of Menzies and Kalgoorlie, and directly adjacent to the Goldfields Highway. The exploration was initially focused on known gold mineralisation in the area. However, a detailed review of historic work and ground reconnaissance suggested that part of the project area was highly prospective for base metals as well.
Prospectivity of Sandiman is based on the cluster of barite veins in sedimentary basin rocks in a craton-margin geological setting. Barite has known association with Mississippi and VHMS base-metal deposits, along with mention of locally observed galena and sphalerite in historic exploration reports, gives the project area exciting exploration potential.
Armada Exploration, through its early-stage exploration Nyanga Project, presents a compelling advantage in the exploration for magmatic nickel-copper sulphide deposits along a regional-scale craton boundary fault network in Gabon.