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.
