Sandfire (ASX:SFR) to restart drilling in Botswana

25May

Sandfire (ASX:SFR) to restart drilling in Botswana

 

Sandfire Resources (ASX:SFR) is set to resume exploration activity in Botswana by early June after the government announced a phased ending of COVID-19 restrictions.

The company said plans are underway for a staged restart of exploration activity that should see resource drilling at its A4 discovery resume in the next few weeks.

The company also said it had executed a binding agreement with Australian explorer Kopore Metals to acquire a ~6,700 km² land package in Namibia.

The licences for the package are located immediately along strike to the west of Sandfire’s Tshukudu licences in Botswana and cover a large, underexplored area within the western part of the Kalahari Copper Belt.

Shares in Sandfire Resources (ASX:SFR) are trading 2.7 per cent higher at $4.52.

 
Copyright 2020 – Finance News Network


Source: Finance News Network

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