Key Points:
- Arc Minerals (ARCM ) has announced a two-year extension of its two prospecting licences (135/2017 and 162/2017) for the Virgo Projectin the Kalahari Copper Belt (KCB) in Botswana. The licences are now valid until 30 September 2026.
- The Virgo Project is situated in the Central Structural Corridor of the KCB, a region recognised for its potential to yield Tier 1 copper deposits.
- Executive Chairman Nick von Schirnding highlighted Botswana’s supportive regulatory environment for mining and reaffirmed the company’s commitment to the project. The company anticipates sharing updates on assay results in the near future.
View from Vox: Arc Minerals Strengthens Foothold in Botswana's Copper Belt
Arc Minerals' recent licence extension for the Virgo Project underscores the company’s continued progress in one of Africa’s most promising copper exploration regions. This update, which confirms regulatory support from Botswana’s Department of Mines, solidifies Arc's ability to pursue further exploration activities in the Kalahari Copper Belt, a region renowned for its significant copper potential.
As the company moves forward with its exploration activities, retail investors should monitor assay results and any potential partnerships or funding arrangements. The continuing support from Botswana’s regulatory environment also bolsters confidence in the stability and long-term viability of Arc’s exploration ambitions in the region.