Aussie firm gains stake in Xade copper project

The Xade Project covers a poorly explored gabbro intrusion (the Xade Complex) in central Botswana with excellent potential to host deposits of copper-nickel sulphides.

 In a statement, the company said the project is close to excellent infrastructure and the Orapa diamond mine. Impact entered into an option agreement with private company Manica Minerals Limited (Manica) to spend P9.5 million ($1.2 million) over two years to earn a 51 percent interest in the Xade project and this requirement has now been met.