Cobre Limited
Primary ticker: ASX:CBE
Stage of development: Exploration
Primary minerals: Copper
Project to promote: Ngami Copper Project, Kitlana West Project, Kitlanya East Project and Okavango Copper Project
Project location: Botswana, Kalahari Copper Belt
Website: www.cobre.com.au
Cobre Limited is a copper exploration growth company with prospective projects in Botswana and Western Australia.
Cobre Limited owns 100% of Kalahari Metals Limited (KML), a private UK company that controls approximately 5,348 km2 of tenements within the Kalahari Copper Belt (KCB) in Botswana. The KCB is regarded as one of the most prospective areas globally for copper exploration by the US Geological Survey (USGS), with a number of copper-silver deposits currently under development by both Sandfire Resources and Cupric Canyon Capital.
In Western Australia, Cobre has discovered a VHMS deposit enriched in high-grade copper, gold, silver, and zinc within its Perrinvale Project area in the Panhandle Greenstone Belt of Western Australia. High-grade VHMS systems are very rare globally, with the last significant deposit in Australia discovered more than a decade ago by Sandfire Resources (SFR.AX).
Cash: AUD~$8M
Major shareholders:
Metal Tiger
Commodity Discovery Fund
Sprott Asset Management
Martin Holland – 3%
Financials
Management Profile
Adam Wooldridge – CEO
Adam Wooldridge is a founding partner and CEO of KML and has played an active role in developing Cobre’s exploration projects over the last five years. Adam is an experienced geophysicist and geologist with over 25 years’ experience in Africa, the Middle East and Europe, where he has worked in exploration management and consulting positions across a variety of deposit types specialising in large-scale multi-disciplinary target generation. Adam established Xpotential Consulting in 2004 and was a founding partner in airborne survey company, New Resolution Geophysics. More recently he has been involved in project generation in both Africa and SE Europe as a founding partner of both KML and Vardar Minerals.
Adam has a BSc and BSc (Hons) degrees in geology and geophysics, is a professional registered scientist and ASEG member.
What is your rationale for taking part in 121 Mining Investment?
Market support and generating investor awareness
What recent news would you like to highlight to investors attending?
5 Dec 2022, Thick High-Grade Copper Assay Results at Ngami
14 Dec, Cobre and Sandfire Resources Sign Collaboration Agreement
19 Dec, $5M Placement to Accelerate Exploration in Botswana
What are your key goals for the next 3, 6 and 12 months?
3 Months:
Diamond drilling at the Ngami Copper Project
RC/ AC drilling
What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?
Commodity price changes, ongoing funding
What do you think makes your company such a compelling investment?
Strategic Global Land Package with district-scale discovery opportunities.
What are the top 3 key investor takeaways?
• Discovery of high-grade copper zone at the Ngami Copper Project, Botswana
• Well-funded for continued exploration success in Botswana
• Experienced Board & Management Team