22 Sep Proactive – Cobre inks joint venture agreement with BHP for Kitlanya West and East Copper Projects in Botswana
Cobre Ltd (ASX:CBE) has received a major validation for its Kitlanya West and East Copper Projects in the Kalahari Copper Belt of Botswana, having executed a letter of intent (LoI) with a wholly-owned subsidiary of BHP for a joint venture (JV) agreement.
The JV follows Cobre’s successful participation in the BHP Xplor program, which also provided funding for a recently completed seismic survey on the Kitlanya West project.
The agreement offers an external confirmation of CBE’s projects, and their potential to host Tier 1 copper and silver deposits.