Latest Botswana News

Lotus Resources has received critical regulatory approval from Malawi’s Atomic Energy Regulatory Authority to resume uranium mining at its Kayelekera project, paving the way for production restart in the third quarter of 2025.

Noronex Limited reports promising copper and silver assay results from initial drilling at its Fiesta Copper Project in Namibia, while advancing diamond drilling and expanding exploration licences in Botswana. The company also strengthens its financial position through early option exercises and South32 earn-in funding.

Belararox Limited has made significant progress in its maiden drilling program at the TMT Project in Argentina, revealing promising visual copper mineralisation while maintaining a robust financial position with A$6.8 million cash and zero debt.

Verity Resources reports significant progress at its Monument Gold Project in Western Australia, confirming a 1.1km gold mineralised strike at Fred’s Well and initiating steps to upgrade its resource base. The company also raised $308k via placement and launched a $1.1 million renounceable rights issue to fund further exploration.

Mount Burgess Mining reports encouraging hydrometallurgical test results from its Nxuu polymetallic deposit, achieving high recoveries for zinc, vanadium, and rare earth elements. The company also completed a modest capital raise to support ongoing project development.

ENRG Elements Limited has completed a strategic overhaul with new management, significant cost reductions, and a renewed focus on its Agadez Uranium Project, while exiting several lithium assets.

Pure Hydrogen Corporation has marked significant progress in its clean energy transition, delivering Australia's first hydrogen fuel cell garbage truck and securing multi-million dollar contracts with industry leaders TOLL Transport and Heidelberg Materials.

Cobre Limited has inked a US$25 million earn-in agreement with BHP for its Kitlanya copper projects in Botswana, while delivering promising assay results at Ngami and advancing its high purity quartz project in Australia.

Lotus Resources is on track to restart uranium production at its Kayelekera project in Malawi by Q3 2025, backed by strong funding and binding offtake agreements covering up to 3.8 million pounds of uranium from 2026. Meanwhile, its Letlhakane project in Botswana advances with an updated scoping study supporting robust production potential.

Botala Energy has secured a mining licence for its Serowe CBM Project and signed a binding LNG offtake agreement with South Africa’s SCAW, marking a pivotal step toward commercial production and regional energy supply.

Mount Burgess Mining NL reports promising interim hydrometallurgical test results from its Nxuu Deposit, with zinc recovery exceeding 96% and strong extraction of vanadium, germanium, and gallium. These findings set the stage for a scoping study later this year.

Sandfire Resources reported resilient March quarter results despite severe weather disruptions, maintaining its FY25 copper equivalent production guidance and reducing net debt by $45 million. The company also advanced exploration and secured a new $650 million corporate revolving facility, enhancing financial flexibility.