Daily Newsletter

17 June 2024

Daily Newsletter

17 June 2024

Arc Minerals initiates drilling at Botswana’s Virgo project

The company noted that the initiative follows a scout drilling programme that confirmed geological formations.

Umesh Ellichipuram June 17 2024

Arc Minerals has launched an exploration drilling programme in Botswana's Kalahari Copper Belt (KCB), targeting its PL135/2017 and PL162/2017 licences within the Virgo Project.

This initiative follows a scout drilling programme that confirmed geological formations and an induced polarization survey aiding in drill site selection.

Arc noted that the exploration at PL135/2017 will employ percussion and RC drilling to penetrate the Kalahari sand and reach the target formations.

Khoemacau Copper Mining, whose prospecting licences surround Arc’s PL135/2017 licence on three sides, was recently purchased by MMG for around $1.9bn (A$2.88bn).

The PL135/2017 licence is situated on the south-east edge of the Kalahari Copper Belt. It shares a geological setting with the Mawana Gold Discovery, which Khoemacau recently drilled, and the Zone 9 exploration target, where drilling has already intersected economic grades of copper mineralisation.

The company's prospecting permit has these discoveries at its north-western and south-eastern boundaries, respectively.

Subsequently, Diamond Drilling (DD) will explore these formations further. The planned programme includes five holes, combining 930m of percussion/RC and 1,320m of DD drilling, totalling 2,250m.

For the PL162/2017 licence, three initial holes totalling 750m of percussion/RC drilling are scheduled.

Two of these will investigate a soil geochemical anomaly extending 5km along the licence's south-western edge, and the third will probe an interpreted syncline in the north-eastern area.

Meanwhile, last year, Arc was in the news for its joint venture (JV) with a unit of Anglo American on Zambian copper interests.

Anglo American holds a 70% stake in the JV, with the remaining 30% stake held by Arc subsidiary Unico Minerals.

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GlobalData's latest report offers an overview of the global bauxite mining industry including key demand-driving factors affecting the industry. It provides detailed information on reserves, reserves by country, production, production by country, production by company, major operating mines, competitive landscape, and major exploration and development projects.

Bauxite Mining Market Overview

GlobalData's latest report offers an overview of the global bauxite mining industry including key demand-driving factors affecting the industry. It provides detailed information on reserves, reserves by country, production, production by country, production by company, major operating mines, competitive landscape, and major exploration and development projects.

Bauxite Mining Market Overview

GlobalData's latest report offers an overview of the global bauxite mining industry including key demand-driving factors affecting the industry. It provides detailed information on reserves, reserves by country, production, production by country, production by company, major operating mines, competitive landscape, and major exploration and development projects.

Bauxite Mining Market Overview

GlobalData's latest report offers an overview of the global bauxite mining industry including key demand-driving factors affecting the industry. It provides detailed information on reserves, reserves by country, production, production by country, production by company, major operating mines, competitive landscape, and major exploration and development projects.

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