30 Apr TipRanks – Cobre Limited Strengthens Exploration Efforts with BHP Partnership
The latest announcement is out from Cobre Limited.
Cobre Limited has entered into an Earn-In Agreement with BHP Group Ltd, allowing BHP to invest up to US$25 million for exploration in Cobre’s Kitlanya Projects in Botswana, granting BHP a 75% interest. This strategic partnership enhances Cobre’s exploration capabilities and positions it for potential high-grade copper discoveries. Recent assay results from the Ngami Copper Project in Botswana show promising copper and silver grades, indicating significant exploration potential. In Australia, Cobre’s High Purity Quartz Project has shown successful beneficiation and thermal testing results, suggesting the potential for high purity silica products.
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