Cupric Canyon holds a 100% interest in the Khoemacau Copper Project in the Kalahari Copper Belt of Botswana, and in 2015 acquired the adjacent Boseto licenses and mining complex*.
Since acquisition of the Khoemacau property in 2013, Cupric has completed 194,000 meters of the 199,000 meters that have been drilled on Zone 5, feasibility studies and secured a mining license. The Zone 5 deposit is a “best in class” discovery with current resources of 100.3 Mtonnes @ 1.95% Cu and 20 g/t Ag (43.4 Mtonnes of measured and indicated).
Zone 5 is ideally suited to large scale mechanized underground mining with a uniform tabular geometry, dip angle of nearly 60°, and high continuity of economic mineralization along strike and down dip.
The Company’s Starter Project will exploit the high-grade Zone 5 deposit and leverage Boseto’s existing process plant, power, water and infrastructure to deliver industry leading project economics. The Starter Project will deliver 50,000 tonnes per annum of copper production (+1.4 million ounces of silver)**, while the Expansion Project is expected to take production to over 80 tonnes per annum of copper (+2.4 million ounces of silver) in a subsequent self-funded phase.
During 2016, exploration drilling on the Zone 5 North and Zeta North East deposits delineated combined new resources of 54 Mtonnes @ 2.1% Cu and 41g/t Ag.
Cupric controls a 4,040 square kilometers package across the most prospective region of the Kalahari Copper Belt in Botswana, with ongoing exploration targeting multiple high-grade copper production sources.
Cupric is led by a uniquely qualified and experienced Management team. The Company is privately owned by management and Global Natural Resource Investments.
* See Company news releases of February 20, 2013 & July 8, 2015 for more information.
** Based upon first 10 years of average production.
Boseto Complex Panorama