Overview

Cupric’s Kalahari Strategy

The Kalahari Copper Belt ("KCB") is a 1,000 kilometer long NE-SW trending belt of sediment-hosted, stratiform Cu-Ag deposits hosted in Meso- and Neoproterozoic rocks. The KCB extends from northern Botswana into Namibia along the NW edge of the Kalahari Craton, and consists of folded and greenschist metamorphosed Ghanzi (Botswana) and Tsumis (Namibia) Group metasedimentary rocks.

The KCB’s Cu–Ag deposits occur in chemically reduced shales and siltstones that overlie oxidized sandstones. This regional interface, which is both a permeability barrier and redox boundary, played a critical role in the formation of the Cu–Ag deposits, and represents a geologic setting similar to that of the Central African Copper Belt and Kupferschiefer in Poland.

Cupric has an extensive package of licenses with in-place mining infrastructure, JORC compliant resources and numerous additional high-grade Cu-Ag exploration targets in the KCB of Botswana. Since the acquisition of Khoemacau in 2013, Cupric has drilled out a 100.3 million tonne high-grade resource on Zone 5 and acquired the adjacent Boseto Project along with its process plant, infrastructure, and exploration assets. A feasibility study for the development of Zone 5 utilizing the Boseto infrastructure was completed in November 2015.

Following the success on Zone 5, 2016 exploration was focused on the Zone 5 North and Zeta NE deposits, where new resources of 54mt @ 2.1% Cu and 41g/t were delineated. Drilling during 2017 is focused on upgrading the classification at Zone 5 North as well as identifying additional deposits in the local vicinity to increase our district resource.

The consolidated Khoemacau/Boseto package provides Cupric a near-term opportunity for low cost copper production from a long-lived operation with substantial exploration and production upside.

Botswana is a stable, pro-mining jurisdiction supportive of mineral exploration and development. According to the most recent Fraser Institute Annual Mining Survey, the country is ranked #1 for "investment attractiveness" in Africa, and is highly ranked globally as well.

For more information, click the September 2015 SEG Poster link: Use of high res aeromag for KCB sequence stratigraphy