Visual Copper Mineralisation Intersected in First Holes

Key points

• First two diamond drill holes at Otniel Prospect intersect broad zones of visible copper mineralisation
• DDOT002: 60.25m of visible copper mineralisation, including 32.36m of strong mineralisation
• DDOT001: 51.83m of visible copper mineralisation, including 17.2m of strong mineralisation
• Assay results expected in 4 to 6 weeks
• Drilling to continue at Otniel and move to Donkey Hill Target

Full summary

Kaoko Metals Limited has announced visual copper mineralisation in the first two diamond drill holes completed at the Otniel Prospect within its Chalkos Copper-Silver Project in Namibia. The holes, DDOT001 and DDOT002, have intersected broad zones of disseminated visible copper mineralisation. DDOT002 intersected 60.25m of visible copper mineralisation, including 32.36m of strong mineralisation, while DDOT001 returned 51.83m of visible mineralisation, including 17.2m of strong mineralisation. The mineralisation is hosted across multiple lithological units, including quartzite, conglomerate, and siltstone. Drill core is being sampled and processed, with assays expected in 4 to 6 weeks. Drilling continues at Otniel, with DDOT003 in progress to test the lateral extent of mineralisation. Further holes are planned for Otniel before moving to the high-priority Donkey Hill Target.

Outlook

Kaoko Metals is investigating the mobilisation of an additional diamond rig to the Chalkos Project to support the ongoing drilling campaign.