Cobre Limited (ASX:CBE) Cobre Completes 100% Acquisition of Triprop Holdings
Summary
Commenting on the completion of the Triprop acquisition, Cobres Chief Executive Officer, Adam Wooldridge, said: "This is another positive outcome for Cobre to have 100% control of all its subsidiary entities and projects including the Ngami Copper Project, which sits on the prospective northern margin of the Kalahari Copperbelt in Botswana. We look forward to updating the market with resultsfrom this important phase of work at the end of the programme when assay results have been completed. In addition to the work at Ngami, a second phase of soilsampling at Kitlanya West is scheduled to start this week along with access preparation forthe upcoming 10,000m aircore drill programme. Resultsfrom these programmes, combined with the collaborative airborne gravity gradient survey being undertaken with Sandfire Resources, are expected to provide a number of priority targets for drill testing in this emerging new copper district." The Company recently discovered a new high-grade VMS deposit enriched in Copper, Gold, Zinc and Silver in Western Australia, and is currently exploring approximately 8,100 km2 of tenements within the Kalahari Copper Belt (KCB) in Botswana.
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