Kopore ties down several prospecting licences in WA

Perth-based junior explorer Kopore Metals appears to be putting in place the framework for a long-term copper and gold quest in Western Australia after extending nine of its prospecting licences for a period of four years. The company shares the licences with fellow ASX-listed explorer Horseshoe Metals through a farm-in agreement that forms part of Kopore’s Horseshoe West project some 150 kilometres north of Meekatharra.

The exploration area covered by the earn in and joint venture deal is part of an agreement between Kopore and Murchison Copper Mines, a subsidiary of Horseshoe Metals.

According to Kopore, Horseshoe Metals has also renewed the mining license that covers the historic Horseshoe Lights Mine for an additional 21 years.

Kopore’s Horseshoe West is comprised of one exploration license, nine prospecting leases and part of a granted mining licence. The tenure spreads across more than 32 square kilometres of what is underexplored copper-bearing stratigraphy. It includes the strike extensions to the Horseshoe Lights copper-gold mine and several priority drill targets adjacent to the historic mining area.

Interestingly, the project is located within the same geological terrane as Sandfire’s coveted Degrussa copper mine that achieved an FY21 production total of over 70,000 tonnes of contained copper and 39,000 ounces of contained gold.

The extension of Kopore’s prospecting licences at its Horseshoe West project has already shown glimpses of promise with the company only last week unveiling a copper-gold soil anomaly in an underexplored area of its Horseshoe West landholdings.

At its southern African tenements, Kopore recently renewed three of its Botswana prospecting licenses for an additional two year period and also tied down its licences at its nearby Kara Dome target.

Outside of the company’s exploration efforts Kopore recently made the intriguing announcement of James Eggins as its new Non-Executive Chairman. Its freshly minted personnel acquisition has over 40 years’ experience in the Uranium industry and notably served as the former Chair of the Uranium Information Centre and as a board member of the World Nuclear Association. Eggin’s previously amassed 15 years at WMC where he held management positions at Olympic Dam and uranium juggernaut Paladin Resources.

The company’s recent renewal of its prospecting licenses across its Australian and Botswana tenements forms something of a statement of intent for Kopore. Coupled with its intriguing new hire, these developments could signal a very interesting new year for this determined explorer.

Is your ASX-listed company doing something interesting? Contact: matt.birney@wanews.com.au