COPPER
Kalahari Copper acquisition expanded to include updated Heads of Terms
The updated terms, once met, will give Oscillate a pathway to obtain 100% ownership of Kalahari Copper’s Namibian Copper Project, which comprises four licences (of which two licences are in the process of being renewed) in the highly prospective Kaoko Basin, an emerging copper belt in Africa, as well as a pathway to obtain 100% ownership of Kalahari Copper’s Botswanan Copper Project, which incorporates 17 highly prospective licences (which have been granted or which have been applied to be transferred to Kalahari Copper) in the Kalahari Copper Belt and the Bushman Lineament.
Bornite, Chalcopyrite and Oxides at Otjozongombe Prospect EPL 7081.
O scillate CEO, Robin Birchall, commented: “The revised terms outline a deal which is a potential game-changer for Oscillate and which would be a major step forward in our strategy of building a leading mid-cap copper and future metals exploration and
to rapidly conclude the binding agreements and ultimately complete this acquisition, subject to the satisfactory completion of all required transaction terms. As part of this deal it is also our intention to graduate to the AIM market to allow
the company better access to capital going forward and to give shareholders access to better liquidity.”
development company. As a result of this acquisition, we will be one of the largest landholders in two exciting areas for sedimentary hosted copper exploration, being the Kaoko Basin in Namibia and the Kalahari Copper Belt in Botswana. There are known
The revised terms outline a deal which is a potential game-changer for Oscillate and which would be a major step forward in our strategy of building a leading mid-cap copper and future metals exploration and development company.
The Namibian Copper Project The proposed acquisition of Kalahari Copper and its Namibian Copper
Project would give Oscillate a 100%-ownership of four highly prospective copper and silver
mineral discoveries in both the Namibian and Botswanan licence areas. What makes the Namibian assets especially exciting is that they are significantly further advanced than those in Botswana, with development grade copper identified across multiple prospects further to the recent drilling programmes in 2024. We will now be working
exploration tenements, assuming that the applications for two licences are renewed. Completion of the acquisition of the four licences would cover 1 106km², establishing Oscillate as one of the largest acreage holders in the Kaoko Basin. This emerging copper region is the interpreted
NOVEMBER2025 | www.modernminingmagazine.co.za MODERN MINING 17
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