Botswana
Botswana received its independence from Great Britain in 1966 and since that time a multi-party democratic system has operated successfully. Botswana has enjoyed continuous peace and economic stability since independence and has carefully avoided conflicts that have occurred in neighbouring countries.
Transparency
The World Economic Forum (WEF) Public Institutions Survey 2006 that rated Botswana as the number one country in Africa in terms of Public Governance. In the 2005 Transparency International Corruptions Perception Index Botswana ranks as one of the least corrupt countries in the world (32 out of 159), and by far and away the least corrupt country in Africa.Government
The Government has established an excellent infrastructure of sealed roads, grid power and piped water throughout the country. Education and health are also priorities for Government spending. Altogether, Botswana provides a very favourable environment in which to operate and to plan for a possible mine development.Other Players
Importantly Botswana has also recognised the need to continue diversification in the mining industry away from diamonds, and actively encourages explorers to seek out other opportunities.A number of listed Australian and International Companies have taken advantage of the Investment friendly environment in Botswana to establish operations there. These include BHP Ltd, Rio Tinto Ltd, Debeers, Albidon Ltd, Mt Burgess Ltd., African Energy Resources Ltd, African Copper PLC, IAMGOLD Corporation and Discovery Nickel Ltd.
BML Highlights
- 3500km2 of highly prospective ground (1000 km2 under application)
- Part of a major metalliferous belt, containing two world class Ni deposits, gold, diamond and copper deposits within 100km.
- Walk up targets prepped and ready to drill based onprevious work including drilling geo chemistry and geophysics.
- Experienced staff on the ground with excellent logistical support.
- Excellent infrastructure of Botswana coupled with an investment friendly government and regulations.
Botswana Metals has been formed to capitalise on the base and precious metal opportunities represented in A-Cap Resources Limited’s tenement portfolio.
As a result, the Company has a significant holding of relatively advanced projects in Botswana, as well as the experience and network of contacts to rapidly progress into a potentially profitable, sustainable company.
“A-Cap Resources Limited was originally born as an exploration company focused on copper and nickel,” “However, after identifying some Uranium prospectivity at the western end of its tenement package and seeing the response it had from its shareholders, the Company was remodeled with a primary focus on Uranium. As a result, A-Cap decided to proceed with a de-merger of its nickel assets to form Botswana Metals Limited (BML).”
The effect of the re-arrangement of assets in A-Cap is to leave A-Cap as a company with its main focus directed to Uranium exploration in Botswana and Botswana Metals as a company with its sole focus on exploration for base and precious metals including nickel, copper, platinum group metals, gold and diamonds also in Botswana.
Botswana Metals’ current licenses are situated in North Eastern Botswana. The Company has control of approximately 2,800 sq km of exploration tenements prospective for major Ni-Cu deposits situated directly between the major Ni producing mines of Selebi Phikwe to the South and Tati Nickel to the north.
“We believe that this is an ideal location to be in,” “The tenements cover two important geological domains each of which hosts major Ni-Cu deposits.”
To the north the tenements are situated on the southwest edge of the Zimbabwe Craton, an Archean age granite greenstone terrain, that hosts the well known Tati Nickel deposits which were actively being mined by LionOre (recently taken over by Norilsk Nickel).
The southern tenements cover the Limpopo Mobile belt which is the deformation zone related to the collision and amalgamation of the Zimbabwe and Kaapvall Cratons during the Palaeoproterozic approximately 2 billion years ago. This area hosts the well known Selebi Phikwe Ni deposits operated by BCL, which have been in operation since the 1970s. The Limpopo Mobile belt is therefore a major zone of deformation related to large scale plate tectonic movements including collision, subduction, mountain building, and magmatism all of which are crucial elements of the cycle of ore deposit creation.
“Our initial focus will be on six high priority targets that have been defined by a GEOTEM survey of the area (GEOTEM is a geophysical method of identifying electrical conductors beneath the Earth’s surface),” “We will also focus on our Maibele North Project that has known Ni-Cu mineralization.”
These are not grass roots projects. The background work has been completed to advance them to the drill phase. The Company anticipates that it will commence the drilling of its six high priority targets in the upcoming weeks.
“We are targeting sulphide nickel deposits in a world class nickel area,” “We have 35,000 meters worth of drilling planned and have everything prepared so that once the rig is available we can begin.”
The Company’s base of operations is in Francistown, which is the second largest city in Botswana and is home to the bulk of the mining and exploration industry in Botswana with the exception of the diamond mining.
“We believe that this is an exciting place to be at the moment, as there is currently a major boom in the area,” “Botswana has a fantastic regulatory environment and social acceptance of mining. Furthermore, the government is very supportive of the mining industry.”
Another key attribute that will significantly aid Botswana Metals’ development, is its strong board and management team that have a substantial amount of experience. Currently, the Company has a staff of around 4 local geologists including its exploration manager who has had 15 years experience in the geology of the major Botswana Ni deposits.
“We are very excited by the outlook for Botswana Metals. We have some fantastic ground that has been relatively underexplored especially when you compare the similarities it has to nickel projects in Western Australia. We have advanced our projects to the stage of drilling so that we can aggressively pursue the opportunities they represent and potentially generate wealth for our shareholders in a timely fashion.”
New Age Minerals
Under the agreement between A-Cap and BML the tenement prospecting licences (PLs) are being transferred to African Metals (Pty) Ltd a wholly owned subsidiary of BML. The PLs being transferred are PL110/94, PL111/94, PL 14/2003, PL54/98, PL47/2004, PL46/2004, PL 44/2004, PL48/2004, and PL 130/2005.An application for a new Prospecting Licence (Shashe South) has been submitted to the Department of Geological Survey (DGS). The Shashe South application has been applied for by African Metals (Pty) Ltd in its own right and is in the application stage only.
The prospecting licences in Botswana comprise tenements in geographically and geologically distinct areas including the Tati Schist Belt, and the Limpopo Mobile Belt. The Limpopo Mobile belt is a major Proterozoic deformation zone which forms the link between the Archaean aged Zimbabwe Craton and the Kapvaal Craton. Regionally the Tati Schist Belt occurs as an isolated “greenstone” belt in the southwest corner of the Zimbabwe Craton.
Two New Discoveries Announced & Maibele North Has Potential Extension
Recent exploration in the Quarter ended 31st of December 2010 has confirmed: At least two new discovery areas at Airstrip Copper and Dibete (6.7 km ESE of Airstrip Copper) containing significant copper-silver mineralisation. The Maibele North prospect consists of nickel-copper-PGE mineralisation and the Company has had an independent geostatistical assessment carried out on the prospect. The results of the assessment recommended further drilling in specific target areas to improve confidence in the resource and bring it up to a JORC compliant status.Detailed magnetic surveying on Airstrip Copper resulted in identification of a potential extension to the Maibele North mineralised host sequence to the west of the known mineralisation. The extension is a down faulted block which was not adequately assessed by the previous GEOTEM survey or by the IP survey.
A recent review of the IP on Airstrip Copper grid for the Company resulted in further conductors being identified, with a total of 2000 metres of conductors now known within the Airstrip Copper grid. These anomalies are not closed off and require further assessment when the VTEM data becomes available.
Airstrip Discovery: Possible Three Zones of Mineralisation
- More Cu and Ag results at Airstrip Copper confirming widespread supergene and primary mineralisation in three zones: Airstrip Copper North, Central and South.
- Airstrip Copper Central Zone consists of narrow vein style mineralisation in part associated with a thin dolerite dyke. The mineralisation varies from massive bornite rich mineralisation (pure bornite, Cu5FeS4, contains 63.3% copper) to bornite-chalcopyrite-pyrite to chalcopyrite-pyrite-pentlandite to arsenopyrite-pyrite.
- Airstrip Copper IP grid area is approximately 1.5 km by 1 km and approximately 2000 metres strike length of identified conductors have now been identified from the IP data. Some conductors have had no drilling to date while others remain under drilled.
BML Drill Program Progress 18092017
BML Capital Raisings 08092017
BML Drill Program 02092017
BML Director Interests 25082017
BML Form 605 Bell IXL 22082017
BML Change Sub Hld P Volpe 21082017
BML Cleansing Notice and App 3B 21082017
BML Placement Fully Subscribed 18080217
BML Placement and Copper Drilling Program 13082017
BML Trading Halt 10082017
BML June 2017 Quarterly Report
BML June 2017 Presentation
BML BCL Update 19062017
BML Cobalt Results 05062017
BML Mar 2017 QTR
BML Change Sub Hld P Volpe 12042017
BML Change Dir Int P Volpe 12042017
BML Cleansing Notice and App 3B 11042017
BML Directors’ Fee Plan 11042017
BML BCL Update 13032017
BML Cobalt 02032017
BML Li + Ta + Sn 27022017
BML Form 604 Bell IXL 23022017
BML Change Sub Hld P Volpe 23022017
BML Cleansing Notice and 3B 22022017
BML Board Changes (merged) 22022017
BML Placement + BCL + Review 20022017
BML BCL Update 13022017
BML Share Placement 8 February 2017
BML Dec 2016 QTR
BML Board Changes 23012017
BML Exercise of Options 09012017
BML Exercise of Options
