Discovery Metals is focused on developing the Boseto Copper Project (100% owned) in north west Botswana and to create shareholder wealth through discovery and development of economic mineral deposits. This is the Company's major asset and is located in north west Botswana. The company also controls the Dikoloti Nickel Project (85%) in north east Botswana.
Discovery Metals' Boseto Copper Project (100% owned) is located in north-west Botswana, approximately 80 km south-west of the town of Maun, within the district of Ngamiland. A seven tenement package was granted to Discovery Metals in September 2005 and fieldwork on this tenement package commenced in October 2005. The Government of Botswana approved the Company's renewal of these tenements in September 2008 and all prospective areas were retained by the Company. In June 2008, Discovery Metals was granted an additional seven tenements extending from the south-west boundary of the original 2005 granted tenements through to the Namibian border, adding 5,700 km2 to the area held under prospecting licenses, to bring the total current tenement area to 10,100 km2. The outer limit of the exploration licence area starts approximately 60 km south-west of Maun and stretches in a south-westerly direction for approximately 300 km to the Namibian border.
The Boseto Copper Project is located within a belt of significant copper-silver mineralisation that extends from the well known and more highly developed Zambian Copper Belt across north-west Botswana and into Namibia. The poorly explored and undeveloped portion of this belt in north-west Botswana is known as the Kalahari Copper Belt.
Copper in the Boseto Project area occurs predominantly in chalcocite, with minor amounts of bornite and other copper sulphides present. At shallow depths, malachite and chrysocolla exist in significant proportions within some areas of the mineral resource.
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11 years ago
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11 years ago
21 May 2013 - AUD slips on RBA outlook, ASX down 0.8%. Discovery Metals Limited (ASX:DML) says it has initiated a process which may result in a change of control of the company.
Market Reports /
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11 years ago
19 Apr 2013 - ASX bounces back. Wilson HTM Investment Group Limited (ASX:WIG) confirms media reports alleging inappropriate conduct from Managing Director Andrew Coppin.
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11 years ago
06 Mar 2013 - Investment advisor Gary Glover takes a technical look at Dow Jones, S&P/ASX 200, CRB Commodities, $US Index, TEN, DJS, SLX, WTF, APN, DML, FMS.
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11 years ago
24 Jan 2013 - Discovery Metals Limited (ASX:DML) dips as doubts emerge its suitor will complete its proposed $830 million takeover.
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11 years ago
10 Jan 2013 -Discovery Metals Limited (ASX:DML) Chinese suitors express concern over the forecast production levels at the group’s Boseto copper project.
Market Reports /
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11 years ago
03 Jan 2013 - ASX jumps 0.7% on relief rally. Rio Tinto Limited (ASX:RIO) cautions the current strength of iron ore prices will not last.
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11 years ago
03 Jan 2013 - ASX 0.6% stronger at noon. Discovery Metals Limited (ASX:DML) Chinese suitors Cathay Fortune Corporation and China-Africa Development Fund extend the closing date on …
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11 years ago
31 Dec 2012 - ASX finishes 2012 lower. Karoon Gas Australia Limited (ASX:KAR) commences drilling of its first exploration well in the Santos Basin in Brazil.
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11 years ago
31 Dec 2012 - Discovery Metals Limited (ASX:DML) advises that the Botswana Competition Authority has approved the acquisition of all remaining Discovery shares by Cathay Fortune In…
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11 years ago
27 Dec 2012 - Aus shares set to ease at open. Discovery Metals Limited (ASX:DML) resumes pit development at its Zeta mine, within the Boseto copper project in Botswana, following t…
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11 years ago
03 Nov 2012 - Discovery Metals Limited (ASX:DML) flags a potential disruption to mining and production at its Boseto copper mine in Botswana.
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11 years ago
24 Oct 2012 - Discovery Metals Limited’s (ASX:DML) Chinese suitors are pushing ahead with their $830 million takeover bid of the copper explorer and producer.
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12 years ago
11 Oct 2012 - The International Monetary Fund has trimmed its 2013 forecast for Australia's economy and warned of sluggish global growth for this year and next.
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12 years ago
28 Jun 2012 - Aus shares close slightly higher. An independent revaluation of 19 of CFS Retail Property Trust’s(ASX:CFX) assets has boosted their value by 1.3 per cent.
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12 years ago
28 Jun 2012 - Discovery Metals Limited (ASX:DML) has generated first production of copper-silver at its Boseto copper project in north western Botswana.
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12 years ago
05 Jun 2012 - Discovery Metals Limited (ASX:DML) begins commissioning of the concentrator at its Boseto copper project in Botswana.