Sandfire (ASX:SFR) to restart drilling in Botswana

Company News

by Anna Napoli

Sandfire Resources (ASX:SFR) is set to resume exploration activity in Botswana by early June after the government announced a phased ending of COVID-19 restrictions.

The company said plans are underway for a staged restart of exploration activity that should see resource drilling at its A4 discovery resume in the next few weeks.

The company also said it had executed a binding agreement with Australian explorer Kopore Metals to acquire a ~6,700 km² land package in Namibia.

The licences for the package are located immediately along strike to the west of Sandfire’s Tshukudu licences in Botswana and cover a large, underexplored area within the western part of the Kalahari Copper Belt.

Shares in Sandfire Resources (ASX:SFR) are trading 2.7 per cent higher at $4.52.


 

Anna Napoli

Finance News Network
Anna joined FNN February 2018 and also works with Channel 7 as a freelance producer. Anna has also worked as a lawyer and lecturer. She has also presented news updates for interstate news with Southern Cross Austereo.