Kopore Metals (ASX:KMT) is hoping to breathe new life into the ASX’s copper corner through its recently acquired Kopore Copper Project, situated in one of Africa’s most highly ranked mining investment districts.
It is attempting to do so as copper prices surge in parallel with building demand and tightening supply.
This project positions KMT as the third major player in the World-Class Kalahari Copper belt, alongside global heavy-lifters such as MOD. The good news for KMT is that its tenements adjoin the $100 million capped MOD Resources – a company that has just been slapped with a significant price target uplift.
With the same geophysics and structures, the $16.5 million-capped KMT will be looking for similar traction and recognition.
The Kopore Project spans some 7,891 square kilometres directly alongside a knot of major peers, including MOD and the privately owned Cupric Canyon Capital, LLC.
And in the short time KMT has owned its tenements it has continued to demonstrate increasing exploration prospectivity across its licences through each exploration programme, identifying ground geophysical conductors and soil anomalies forming immediate targets.
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KMT announced this week a recently completed maiden airborne and electromagnetic (AEM) survey has identified multiple EM conductor zones that form part of a regionally interpreted, large domal structure.
Further targets are being refined as we speak, and exploration works are set to begin in March — just weeks away.