Aterian Plc, a company focused on exploring critical metals in Africa, announced notable findings from an independent geophysical survey of its Prospecting Licence PL265/in Botswana’s Kalahari Copperbelt. This licence, primarily owned by Atlantis Metals (Pty) Ltd, sees Aterian holding a 90% stake. The announcement, made on December 15, signifies a pivotal moment in the company’s exploration activities.
The results indicate that PL265/is situated within a well-established copper-silver district, strategically near operational and advanced mining sites, including the Motheo Mine operated by Sandfire Resources.
The survey has identified several priority areas that enhance the potential for discovering valuable mineral deposits, which could significantly boost the
Table of Contents:
Exploration highlights
The geophysical study has pinpointed three key target areas within the licence, each essential for future exploration and drilling initiatives. The interpretation of airborne magnetic data has uncovered numerous sub-parallel thrust structures and associated folding patterns, favorable indicators for locating copper mineralization.
Furthermore, the structural analysis suggests that the Lower D’Kar Formation sediments have been truncated against basement rock units, a geological environment known for hosting copper deposits. Historical data indicates copper-in-soil anomalies exceeding 18 ppm Cu that align with significant thrust structures, underscoring the region’s mineral potential.
Target areas overview
Specifically, Target Area A features a compact folding structure within the D’Kar formation, intersecting with the southernmost thrust. This intersection is viewed as a promising site for chalcocite-rich copper sulphides.
Additionally, Target Areas B and C show clusters of copper-in-soil geochemical anomalies along the northernmost thrust, further supporting the area’s mineralization potential. The integration of legacy airborne electromagnetic data reveals near-surface conductive horizons, interpreted as carbonaceous units of the Lower D’Kar Formation, which may indicate additional mineralization.
Strategic implications for Aterian Plc
With rising copper prices driven by increased demand for electrification and energy transition initiatives, Aterian’s Board considers the Kalahari Copperbelt an attractive region for long-term investment and value creation. The compelling geological features and favorable market conditions significantly bolster the case for advancing exploration efforts.
Charles Bray, Chief Executive Officer of Aterian Plc, stated that the results of the geophysical study outline a clear pathway for further exploration. The identification of three target areas reduces technical risks and strengthens the rationale for continued investment in the project. Aterian believes PL265/offers a prime opportunity within a stable and mining-friendly jurisdiction.
Next steps in exploration
In line with the geophysical study’s recommendations, Aterian plans to initiate a first-phase exploration program. This will include detailed ground or drone-based magnetic surveys across the identified target areas, alongside targeted electromagnetic surveys. The objective is to delineate conductive horizons and refine drilling targets for future exploration.
As the exploration process progresses, Aterian will continue to update stakeholders on its advancements, ensuring that they are informed about developments in this promising venture.
