Metal Tiger (LON:MTR) entered into an investment agreement under which it has the right to acquire up to 50% of KML.
Kalahari Metals (KML) has started an exploration programme on its landholding in the Kalahari Copper Belt in Botswana.
KML has interests in seven prospective exploration licences covering 4,063km² in the Kalahari Copper Belt.
The company expects to identify copper/gold (Cu-Ag) mineralisation through the exploration programme.
The company has appointed New Resolution Geophysics (NRG) to conduct airborne high-resolution magnetic and electromagnetic surveys (AEM) on the prospective Okavango project and Ngami copper project concessions later this month for delineating copper mineralisation on the Kalahari belt.