Tamesis visited MOD Resources’ (ASX: MOD) copper development assets located on the Kalahari Copperbelt in western Botswana. The current focus is the 70% owned T3 copper project which contains a 36Mt resource at 1.14% Cu (at a 0.5% cut-off) with a prefeasibility study completed in January 2018 with a pre-tax NPV8% of US$281 million using a copper price of $3.00/lb. What is most exciting however is the district-scale exploration potential along a 140km corridor – previously undiscovered due to a lack of outcropping material under a calcrete cap. The deposits are located in the best mining jurisdiction in Africa, with a workforce experienced in mining, low sovereign risks, and good local infrastructure.
