Latest Botswana News

Verity Resources has identified a new gold mineralised trend near its Monument Gold Project and commenced a significant drilling program to upgrade its Korong deposit resource. Meanwhile, high-grade rare earth elements have been confirmed at its Pimenta project in Brazil.

Cobre Limited reports strong metallurgical results from its Botswana copper projects alongside a successful AU$1.68 million capital raising, setting the stage for upcoming resource estimates and environmental approvals.

Tlou Energy progresses gas production testing at Lesedi wells while pushing forward the Kala Data Centre project, targeting operational start in Q3 2025.

Noronex Limited reports promising new copper mineralisation from diamond drilling at its Fiesta Project and extends its strategic alliance with South32 into Botswana, alongside appointing a new CEO to spearhead growth.

ENRG Elements Limited has appointed new management and implemented significant cost reductions while renewing key uranium exploration permits in Niger. The company is also exiting lithium projects in Canada to focus on core assets and new opportunities.

Mount Burgess Mining advances metallurgical test work at its Nxuu deposit, navigates leadership changes, and pursues a significant legacy debt extinguishment as it refines its strategic focus.

Sandfire Resources reported a 12% rise in copper equivalent production for FY25, narrowly missing guidance due to severe weather and power outages, while slashing net debt by $273 million. The company projects further growth in FY26 despite expected cost pressures.

Noronex Limited has contracted a substantial 7,000m Reverse Circulation drilling program at its Humpback Copper Project in Namibia, backed by South32’s earn-in funding. This move aims to unlock new large-scale copper discoveries on promising domal structures within the Kalahari Copper Belt.

Perenti Limited has reported a substantial beat on its FY25 free cash flow, reaching approximately A$280 million, well above its prior guidance of A$150 million, driven by asset sales and operational efficiencies.

Cobre Limited has initiated an Environmental Impact Assessment and reported strong assay results from its Ngami Copper Project, setting the stage for a maiden Mineral Resource Estimate by August 2025.

Lotus Resources has completed key refurbishments at its Kayelekera Uranium Project in Malawi, restarting the SAG mill and progressing through hot commissioning towards first uranium oxide production this quarter.

Belararox Limited is set to begin drilling four priority copper targets in its Kalahari Copper Project this August, following extensive geological and geophysical surveys. The move marks a significant step forward in exploring a highly prospective region of the Kalahari Copper Belt.