Discovery bullish on Maun Copper Mine
Tuesday, March 02, 2010
The company's primary asset is Botswana's Boseto copper project, which has a total resource of 60,4-million tons of copper, with a grading at 1,4 percent and 19,5 g/t silver. Canadian miner Hana Mining, which operates the Ghanzi copper/silver project in the district, is also exploring this area.The company also has a nickel project south-east of Boseto. The Dikoloti nickel mine has a current resource of 4,1-million tons inferred at 0,7 percent nickel, 0,5 percent copper and 1,2 g/t platinum group elements. Australian brokerage house RBS Morgans reports that Discovery Metals is a "strong fundamental story, going unrecognised in a buoyant copper price environment".
In a mining research report, corporate broking house West-house Securities, of London, says: "Discovery has plenty of exploration upside with only 5 percent of the 1 300 km of its Kalahari copper belt licence having been explored." Discovery Metals is yet to complete the bankable feasibility study (BFS) for its Boseto copper project.
The recent disclosure by the IEC that 2,513 registrations have been turned down due to various irregularities should prompt all Batswana to meticulously review the voters' rolls and address concerns about rejected registrations.The disparities flagged by the IEC are troubling and emphasise the significance of rigorous voter registration processes.Out of the rejected registrations, 29 individuals were disqualified due to non-existent Omang...