ASX listed Cobre Limited is an emerging resources exploration growth company whose enriched high-grade copper discoveries and high-grade development pipelines seek to underpin copper’s future growth in the electric vehicle and renewable energy sectors. Its Ngami Copper Project (NCP) is wholly owned and indicated that Cobre Ltd (ASX: CBE) stands to gain 100% from the revenues in this project as it operates in the top mining jurisdiction in Africa and the 7th in the World. 

• Ngami Copper Mine (NCP) Has Strong Potential. 

• Strong Potential and mineralisations Prospects. 

• Revenues Growth will Support Medium Term Share Price Performance

Ngami Copper Mine (NCP) Has Strong Potential 

Cobre Ltd. (ASX: CBE) started advanced exploration at the NCP targeting Copper-Silver mineralisation and the Ngami Copper Project (NCP) is equally undergoing advanced exploration that targets copper-silver mineralisation with drill intersections that have good potential for high-grade minerals. Their website finds that there are significant copper-silver intersections that include; 

• NCP20A: 12.2m @ 2.5% Cu and 24 g/t Ag including 1.7m @ 10.% Cu and 45 g/t Ag

• NCP08: 10.7m @ 1.3% Cu and 18 g/t Ag

• NCP25: 19m @ 0.52% Cu and 13 g/t Ag

Furthermore, there is 100km of prospective Ngwako-Pan/D’Kar Formation has a range of minerals that include copper, silver, and various hybrid forms that can be exploited for a range of industries and markets. 

Several trap sites indicate that there is a serious possibility of significant minerals that can be extracted from the ground utilizing eco-friendly in-situ drilling techniques. Consistent anomalous copper-silver intersections on this project illustrate the Kalahari Copper Belt's enormous endowment. If combined with Kitlanya West, this region provides good prospects on the northern edge of the Kalahari Copper Belt, where Cobre (ASX: CBE) retains the dominant position. Finally, diamond drilling was used, which has historically resulted in high recovery rates, particularly after bedrock was intersected.

Preliminary Research Shows Strong Potential of NCP Sites 

The Ngami Copper Project (NCP) is now in advanced exploration for copper-silver mineralisation, with many encouraging drill intersections from the Comet target and neighboring possibilities. The project region has two massive anticlinal structures and more than 100 kilometers of potential Ngwako-Pan/D'Kar Formation contact for classic limb-based mineralization. The potential for mineralisation in folded trap settings is clear.

The Kalahari copper belt is one of the most important mining zones in Botswana. More importantly, the copper-silver intersections suggest that the region is significantly endowed, which will support Cobre revenues and share price over the medium term. It is important to note that Cobre’s approach to mining balances cost and environmental responsibility. 

Ngami Copper Project Timeline

2014

11,400 Soil samples, and 11,693 kms of high-resolution magnetics and 2,046m of diamond drilling collected in 2014.

2019 

Drill testing of folded AEM conductors included 5 unsuccessful after which the programme was adjusted and the mineralised contact was intersected in a fold hinge in the 6th hole based on magnetic data.

• Regional and detailed AEM surveys were completed.
• High resolution magnetic survey completed.

2022 

A total of 28 diamond holes were completed (7,750m) at NCP with the focus on the 4km strike length Comet Target.

2023 

5,000m drill programme designed to test multiple copper-silver targets in the area surrounding Comet as well as for further high-grade zones within Comet.

Ground gravity orientation survey over Comet as well as Ionic leach survey provide potential vectors for identifying high-grade portions of targets.

100% Ownership of Tenements will Support Cobre Revenues and Profitability

Unlike some mining companies who part-own their tenements, Cobre Ltd. (ASX: CBE) owns 100% of their tenements. This is good for Cobre Ltd (ASX: CBE) as it suggests that 100% of the returns and profits will accrue solely to the company. Secondly, this approach is further evidence that its competent team and innovative methods can guarantee returns for investors and return on investments (ROI) over the long run. 

Secondly, with Botswana being an attractive destination for mining, there are reasonable long-run returns for investors, and royalty payments and taxes are attractive in a bid to attract companies such as Cobre Ltd. (ASX: CBE). Besides benefitting from supportive regulation and a good business environment as it proceeds with drilling, Cobre Ltd (ASX: CBE) is equally not bound by law to sell its product at a specific price, enabling it to enjoy the surge in metal prices, especially for silver where a late rally is forecasted by some market actors. 

Cobre Ltd. (ASX: CBE) is well placed to benefit from rising metal demand and strong silver prices over the long-run. As Cobre Ltd. (ASX: CBE) owns 100% of its tenements and has begun drilling in sites with good potential, its revenues and profits are likely to grow over the long-run. Meanwhile, Botswana is the top mining jurisdiction across Africa and the continent ranks 7th globally, allowing Cobre to benefit from supportive regulation and a well-functioning business environment. 

One should equally remember that the Ngami Copper Mine (NCP) is located in Botswana with a supportive business environment for foreign mining companies. Finally, copper prices are equally supportive of a more sustained correction in the mining stocks in the ASX and environmentally friendly drilling methods will reduce costs and improve efficiency over the long run.