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Botswana Metals Moves Ahead With Maibele North Scoping Study

Botswana Metals (ASX:BML) is moving ahead at Maibele North with MSA Consultants to complete a Scoping Study, which comes a day after revealing a maiden JORC Inferred Resource.

The resource was also estimated by MSA, and comprised: 2.38 million tonnes at 0.72% nickel, 0.21% copper and 0.63g/t 4PGE+Au using a 0.3% nickel cut-off grade.

The resource was calculated based on the primary (sulphide) mineralisation only, and is open to the east, west and at depth.

Plans are also on the way for a proposed drill program to increase the resource.

Botswana Metals' joint venture partner at Maibele North is BCL Limited - owned by the Botswana Government.

The longevity of the BCL mine is dependent on additional ore outside of its existing nickel resources being made available.

Botswana could potentially provide ore to the BCL mine and smelter.

Scoping Study details

Botswana Metals said that the final Scoping Study may include further drilling at Maibele North to test the now known down hole EM anomalies at depth and also the ground EM anomalies to the west between Maibele North and Airstrip Copper.

Target drilling may also cover the east where both ground EM has been completed along strike from Maibele North and also drill hole 94 which encountered mineralisation some 250 metres away from Maibele North where the down hole EM has picked up a conductor response.

Hole 94 was not included in MSA Resource Calculation.

Next steps

These VTEM, DHEM and TDEM conductor are being analysed by an independent consultant and a report is expected to recommend a proposed further drilling program.

If the joint venture partners agree to go ahead, a drilling program could commence in the June 2015 quarter.

Botswana Metals said that it is expected that the Scoping Study will continue and include a next round of drilling aimed to increase JORC Resource at Maibele North.

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