Unique Crypto Strategies
  • Business
  • Politics
  • Investing
  • World
  • Business
  • Politics
  • Investing
  • World

Unique Crypto Strategies

Investing

Cobre Secures $25M BHP Investment for Botswana Copper Exploration

by March 12, 2025
March 12, 2025
Cobre Secures $25M BHP Investment for Botswana Copper Exploration

Australian mining company Cobre (ASX:CBE) has secured a major investment from BHP, which has agreed to spend $25 million on exploration at Cobre’s Kitlanya projects in Botswana, in exchange for the right to acquire a 75 percent stake, according to a news report from Reuters.

This agreement follows Cobre’s participation in BHP’s Xplor program in January of the previous year, where Cobre received $500,000 to advance its Kalahari copper projects in Botswana.

Under the terms of the agreement, BHP will provide at least $5 million in funding to Cobre within two years from the commencement date, with an initial exploration budget of $7 million set to begin next month. Cobre’s CEO, Adam Woolridge, expressed optimism about the partnership, stating that the collaboration with BHP will enable a technology-driven exploration program aimed at discovering significant deposits in the Kitlanya East and West projects, the Reuters report said.

This strategic move underscores BHP’s commitment to expanding its presence in the African copper sector and leveraging advanced exploration techniques to identify potential high-grade copper deposits in Botswana’s Kalahari region.

Read the full report here.

Click here to connect with Cobre for an Investor Presentation

This post appeared first on investingnews.com
0
FacebookTwitterGoogle +Pinterest
previous post
‘UN80 Initiative’ appears to show world body’s panic over possible DOGE-like cuts
next post
President Trump slams Rosie O’Donnell after she flees US: ‘You’re better off not knowing’ her

You may also like

Blackstone Expands Strategy to Pursue Copper-Gold Projects

Riverside Resources Announces Spin-Out of Ontario Gold Projects...

Blue Lagoon Resources to Participate in Canada’s Premier...

Spearmint Acquires the Sisson North Tungsten Project

5 Best-performing Junior Gold Stocks on the TSXV...

BHP Releases Latest Quarterly Results, Olympic Dam Faces...

Sarama Completes A$2m Equity Placement and ASX Cleansing...

Secondary Trading Notice

Edjudina Gold Project, WA – Permitting Application to...

Copper Prices Surpass US$10,000 as US Tariff Fears...

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest

    • Rapper who was pardoned had this to say about president in 2017

    • Lone Biden official breaks silence on cognitive decline as cabinet stays mute

    • FBI email instructs employees not to promote Pride Month on bureau time: ‘Focused only on our core mission’

    • DAVID MARCUS: Musk’s DOGE changed the way America sees federal spending waste

    • Biden White House aides face Oversight deadline amid threat of subpoenas

    Categories

    • Business (474)
    • Investing (2,254)
    • Politics (3,695)
    • Uncategorized (1)
    • World (2,385)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: uniquecryptostrategies.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 uniquecryptostrategies.com | All Rights Reserved


    Back To Top