Canadian explorer seals Ghanzi mining takeover

Before the purchase, Stellent owned the 2,200 square km area, comprising five prospecting licences with a high potential for copper and silver mineralisation. Under a Share Purchase Agreement, Hana Mining was to takeover Stellent through purchase of the latter's entire equity, thus enabling the Canadian company to own the Ghanzi property.

According to an inferred resource estimate released in June, the 2,200 square km property on the Kalahari copperbelt, could contain up to two billion tonnes of copper and 34.9 million ounces of silver.