HomeFeatures & AnalysisMOD Resources to make PFS decision on Botswana copper project by year-end

MOD Resources to make PFS decision on Botswana copper project by year-end

Botswana – MOD Resources MD Julian Hanna says good progress had been made on the scoping study currently underway on the company’s T3 copper deposit within the Kalahari copper belt.

“We expect to have preliminary pit, processing, environmental and social studies around T3 available by November and would look to a completion of the scoping study by December and then a decision to proceed to the PFS,” Hanna says.

T3, only discovered in March within a 20 km wide and 50 km long structural zone, exhibited high grade copper and silver in the company’s first drillholes into the project. The T3 discovery intersection included 52 m at 2% copper including 7 m at 4.2% copper and as high as 6.9% copper on individual 1 m assays.

MOD Resources has since identified 19 targets in the area but has only drill tested four to date.

“We are due to announce our first resource for T3 at the end of this month and are still drilling there so we are ramping up the rate of exploration as we see further sediment-hosted copper potential in Botswana,” Hanna notes. “We are looking to fast-track T3 as much as possible.”

MOD Resources has a 70% stake in T3 with the remainder held by London’s AIM-listed Metal Tiger Plc.

“Botswana is keen to establish a broader copper industry and that has positive implications for MOD. The government is currently evaluating a new copper smelter project and extending the country’s power grid to help support its mining sector,” Hanna concludes.