Leviathan Metals’ Central Project in Botswana’s Kalahari Copper Belt is set for a major expansion following the company’s move to acquire an additional prospecting licence covering 270 square kilometres.
The acquisition increases the project’s total footprint to 590 square kilometres, significantly boosting its exploration potential in one of Africa’s most prospective copper regions.
The newly acquired area incorporates more than 10 kilometres of interpreted D’Kar–Ngwako Pan Formation contact, a key geological boundary known for hosting copper mineralisation across the belt.
This contact zone provides expanded access to high‑priority target structures and favourable stratigraphy, strengthening the project’s potential to host sediment‑hosted copper deposits similar to those found at neighbouring developments.
Located adjacent to MMG’s Khoemacau deposits (which collectively hold measured and indicated resources of 94 million tonnes grading 1.8 per cent copper and 22 grams per tonne silver), the enlarged Central Project now encompasses more than 30 kilometres of critical stratigraphic contact around the Hyena Hills dome structure.
This proximity to established resources underscores the project’s strategic positioning within a region that continues to draw global interest from base metals explorers.
Under a signed purchase agreement with an undisclosed vendor, Leviathan will acquire a 100 per cent interest in the prospecting licence through a combination of cash, shares, and a royalty arrangement.
The company is expected to pay US$200,000 (C$274,374) once the licence is renewed and transferred to Innovation Surveyors, Leviathan’s Botswana subsidiary, followed by an additional US$300,000 and 991,666 common shares upon completion of standard closing conditions.
The vendor will also retain a 1 per cent net smelter royalty, which Leviathan may repurchase for US$1.5 million.
The expansion adds to Leviathan’s growing exploration portfolio in Botswana, following its 2025 agreement with Cura Botswana to acquire Kalahari copper and uranium assets.
The U.S. Geological Survey has previously identified the Kalahari Copper Belt as one of the world’s most prospective regions for sediment‑hosted copper deposits, placing Leviathan’s Central Project in a favourable position for future discovery and development.
