Discovery awarded more tenements in Kgalagadi

The company, which is listed on the Australian, Botswana and AIM stock exchanges, received formal approval from the Department of Geological Survey last week for the additional prospecting licences which cover 5,700 square kilometres stretching as a continuation from the western boundary of the company's current copper-silver tenements across to the Namibian border.

According to the company's estimates, an initial assessment of the seven new tenements indicate they have the potential to contain approximately 600 strike kilometres of mineralisation of a similar style to that found in the company's current Zeta, Plutus and Petra Inferred Mineral resources. Said the company's Managing Director Brad Sampson: "Securing these tenements provides Discovery Metals control over a substantial portion of the Kalahari Copper Belt, which is emerging as a new copper province.