Kaoko Metals Quarterly Activities Report for June 2026
Key points
- Successful ASX listing and acquisition of Chalkos and Karibib projects
- Maiden field programs commenced at both Chalkos and Karibib
- New copper mineralisation discovered at Chalkos and high-grade assays at Karibib
- Maiden drilling at Chalkos set to start with contract awarded to Optimine Exploration
- Cash and cash equivalents at 30 June 2026 totalled $5.23 million
Full summary
Kaoko Metals Limited reported its Quarterly Activities Report for the June 2026 quarter, highlighting a transformative period for the company. The company successfully listed on the ASX, raising $6.5 million (before costs) at $0.20 per share. It completed the acquisition of 100% interest in the Chalkos Copper-Silver Project and settled the earn-in for the Karibib Project. Maiden field programs commenced immediately following listing. At Chalkos, structural geological work was completed at priority prospects, and new copper mineralisation was discovered. At Karibib, high-grade copper, gold, and tungsten were confirmed. A diamond drilling contract was awarded to Optimine Exploration & Drilling Namibia for the Chalkos project. Cash and cash equivalents at 30 June 2026 totalled $5.23 million.
Guidance
Cash and cash equivalents at 30 June 2026 totalled $5.23 million
Outlook
The company is set to commence maiden diamond drilling at Chalkos and continue geochemical sampling at Karibib, with multiple exploration catalysts ahead.
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