REG - Botswana Minerals - Commencement of Work on Copper Licences

Botswana MineralsAnnouncement

30/03/2026 07:00

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RNS Number : 5381Y  Botswana Minerals PLC  30 March 2026

 

30(th) March 2026

Botswana Minerals plc

("Botswana Minerals" or the "Company")

Botswana Minerals Commences Work on Their Copper Licences

 

Botswana Minerals plc (AIM:BMIN; BSE:BMIN) is pleased to announce the
commencement of its first phase work programme over its highly prospective
copper licenses in Ngamiland, North West Botswana where the Company holds
significant ground in the underexplored north-eastern part of the Damara Belt.
The immediate objective is to refine and rank the most promising targets
across the licence package and define the geophysical priorities which will
lead to identifying drill targets.

Highlights

·      7,074 km² district-scale copper and polymetallic position in
north-west Botswana.

·      Highly prospective ground under thin cover within the Damara
Belt.

·      AI-led targeting aimed at identifying concealed mineral systems.

·      Phase 1 to define the highest-priority targets across the licence
package.

·      Objective to identify geophysical targets for future drilling.

The Company's recent £1.15 million fundraising is to be used to advance its
copper-focused exploration programme in North West Botswana to turn
high-priority anomalies into drill targets. Phase 1 is the first operational
step.

Ngamiland is important because it combines district scale, geological
prospectivity with concealed discovery potential. The licence package lies
within a recognised metallogenic corridor that extends into Namibia's Otavi
Mountainland which is prospective for copper and associated polymetallic
systems beneath the shallow Kalahari cover. Although this cover has
historically limited conventional exploration, it also creates an opportunity
for modern data-led exploration methods, which BMIN is deploying. These
methods can detect mineral systems with little or no surface expression.

Phase 1, using our Planetary AI Xplore platform, will integrate historical
company data, regional geological information, datasets from contiguous areas
of Namibia, satellite-derived alteration data and available government
geophysical data. This will sharpen prospectivity mapping, rank targets,
eliminate lower-priority ground, and define the survey types and grids
required for focused follow-up field work in Phase 2.

Meanwhile, discussions around a potential Joint Venture with interested
parties continue.

The output of Phase 1 will be a technically ranked portfolio of opportunities
and a defined geophysical targeting framework. Subsequent field programmes and
drill targets can be generated with greater confidence.

John Teeling, Chairman of Botswana Minerals, commented:

"Our objective is to identify significant copper deposits in Botswana where we
have 25 years of operational experience. Our AI work has allowed BMIN to
target and obtain highly prospective copper ground.

The next phase is to integrate more data into the model to refine potential
drill targets. Further data processing and tighter definition of targets is
expected to lead to a higher chance of success in future drilling programmes".

This release has been approved by James Campbell, Managing Director of
Botswana Minerals plc, a qualified geologist (Pr.Sci.Nat), a Fellow of the
Geological Society of South Africa, a Fellow of the Southern African Institute
of Mining and Metallurgy, a Fellow of the Institute of Materials, Metals and
Mining (UK) and with over 40 years' experience in the diamond sector,
specifically focusing on exploration, resource assessment and mining.

 

This announcement contains inside information for the purposes of Article 7 of
the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law
by virtue of the European Union (Withdrawal) Act 2018, as amended.

 Botswana Minerals PLC

John Teeling, Chairman

                                   +353 1 833 2833
 James Campbell, Managing Director

                                   +27 83 457 3724
 Jim Finn, Director

                                   +353 1 833 2833

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