Discovery Metals Limited, the BSE/ASX quoted exploration and production mining outfit, has officially opened its 100 percent-owned Boseto Copper Project.
The mine, located in north-western Botswana, was officially opened by the President of Botswana Ian Khama, accompanied by the Vice President and the Minister for Mines, Energy & Water Resources, Dr Ponatshego Kidikilwe.
Discovery Metals’ Chairman, Gordon Galt, said he was delighted that the Boseto Copper Project had been officially opened and to be able to report to their shareholders that they had kept their promise and brought this fantastic asset on stream, on time and within budget.
“This is a particularly impressive achievement, driven by our team with the support of the
Government of Botswana and local authorities, which has delivered production within two years of receiving the bankable feasibility study,” he said. “By bringing Boseto on stream Discovery Metals has realised its initial objective and de-risked this Project. Our commissioning and ramp up is progressing well, and we look forward to delivering strong and sustainable cash flow into the future. This will allow us to fully develop the potential value in the new copper frontier that is the Kalahari Copperbelt,” he added.
President Khama stated: “I wish to commend Discovery Metals that amidst the global economic ills, you forged ahead without wavering. You remained firmly focused to deliver the mine, which employs about 500 people, 96 percent being citizens. In addition, you deserve to be commended for sponsoring 15 young Batswana to pursue studies at Maun.”
The Boseto Copper Project is the company’s first producing copper mine and has been brought on stream on time and within budget.
The Project is designed to produce an average of approximately 36,000 tonnes copper and 1.1 million ounces silver per annum in concentrate from 3 million tonnes per year (3Mtpa) of ore feed to the concentrator.
Discovery Metals is focused on the emerging Kalahari Copperbelt in north-west Botswana. The Company is a copper producer at its 100 percent owned Boseto Copper Project.
The Kalahari Copperbelt sediment-hosted mineralisation of the Boseto Copper Project is similar in style to the well-known and large deposits of the Central African Copperbelt of Zambia and the Democratic Republic of the Congo.
Discovery Metals has prospecting licences covering 11,872 km2 along the Kalahari Copperbelt.
The official opening was attended by Discovery Metals’ board of directors, members of the Botswana Government, the Australian High Commissioner to Botswana, local and traditional leaders and business partners.
