{"id":15834,"date":"2025-03-12T22:53:32","date_gmt":"2025-03-12T22:53:32","guid":{"rendered":"https:\/\/businesstriumphs.com\/index.php\/2025\/03\/12\/cobre-secures-25m-bhp-investment-for-botswana-copper-exploration\/"},"modified":"2025-03-12T22:53:32","modified_gmt":"2025-03-12T22:53:32","slug":"cobre-secures-25m-bhp-investment-for-botswana-copper-exploration","status":"publish","type":"post","link":"https:\/\/businesstriumphs.com\/index.php\/2025\/03\/12\/cobre-secures-25m-bhp-investment-for-botswana-copper-exploration\/","title":{"rendered":"Cobre Secures $25M BHP Investment for Botswana Copper Exploration"},"content":{"rendered":"<\/p>\n<p>Australian mining company Cobre (ASX:CBE) has secured a major investment from BHP, which has agreed to spend $25 million on exploration at Cobre\u2019s Kitlanya projects in Botswana, in exchange for the right to acquire a 75 percent stake, according to a news report from Reuters.<\/p>\n<p>This agreement follows Cobre\u2019s participation in BHP\u2019s Xplor program in January of the previous year, where Cobre received $500,000 to advance its Kalahari copper projects in Botswana.<\/p>\n<p>Under the terms of the agreement, BHP will provide at least $5 million in funding to Cobre within two years from the commencement date, with an initial exploration budget of $7 million set to begin next month. Cobre\u2019s CEO, Adam Woolridge, expressed optimism about the partnership, stating that the collaboration with BHP will enable a technology-driven exploration program aimed at discovering significant deposits in the Kitlanya East and West projects, the Reuters report said.<\/p>\n<p>This strategic move underscores BHP\u2019s commitment to expanding its presence in the African copper sector and leveraging advanced exploration techniques to identify potential high-grade copper deposits in Botswana\u2019s Kalahari region.<\/p>\n<\/p>\n<p>Read the full report here.<\/p>\n<p>Click here to connect with Cobre for an Investor Presentation<\/p>\n<\/p>\n<div>This post appeared first on investingnews.com<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Australian mining company Cobre (ASX:CBE) has secured a major investment from BHP, which has agreed to spend $25 million on exploration at Cobre\u2019s Kitlanya projects in Botswana, in exchange for the right to acquire a 75 percent stake, according to a news report from Reuters. This agreement follows Cobre\u2019s participation in BHP\u2019s Xplor program in [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":15835,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-15834","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investing"],"_links":{"self":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts\/15834","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/comments?post=15834"}],"version-history":[{"count":0,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts\/15834\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/media\/15835"}],"wp:attachment":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/media?parent=15834"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/categories?post=15834"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/tags?post=15834"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}