Altona Ventures into option agreement for copper-silver asset in Botswana

This strategic move signifies Altona's commitment to expanding its mineral exploration portfolio in the region, tapping into Botswana's rich potential for copper and silver resources.

Altona Rare Earths has finalized a binding option agreement aimed at acquiring a significant interest in the Sesana copper and silver asset located in Botswana. Sesana is situated within prospecting license (PL) 2329/2023 (tenement), strategically positioned in the heart of the Kalahari Copper Belt.

Under the terms of the agreement, Altona has the opportunity to secure up to an 85% stake in Sesana from Ignate African Mining for a payment of $110,000 in cash along with $250,000 worth of shares. Moreover, the deal entails phased technical and exploration expenditure commitments.

The location of Sesana within the Kalahari Copper Belt holds strategic importance, given the region's reputation for hosting substantial copper-silver deposits. Positioned just 25km from the operational Khoemacau underground mine and surrounded by active exploration sites, Sesana presents a promising opportunity for mining ventures.