Company's successful A$138 million equity placement and rights issue in late 2010. At 31 December 2010, the Company held US$161.7 million in cash. ... The facility will be secured over the Boseto copper project assets and of the shares the Company owns in the project entity (Discovery Copper Botswana Proprietary Limited). ...
This debt finance facility provides the remaining funding required to complete the 100 percent Discovery Metals owned Boseto copper project in Botswana following the company's successful A$138 million equity placement and rights issue in late 2010. The company has revealed that by the end of December 2010, it held US$161.7 million in cash.
This debt finance facility provides the remaining funding required to complete the 100 percent Discovery Metals owned Boseto copper project in Botswana following …
The costs of Discovery Metals Limited (DML)'s Boseto Copper Project, have risen to US$150 million (P1.02 billion) on the back of increased contingency for price changes in capital components....
Rights Issue Successfully Completed Raising A$91 million. EN. English Deutsch Français Español Português Italiano Român Nederlands Latina Dansk Svenska Norsk Magyar Bahasa Indonesia Türkçe Suomi Latvian Lithuanian česk ... boseto; completed; persons; successfully; december; approximately; shareholders;
• Boseto Copper Project – 102.8 Mt @ 1.4% Cu and 17.3 g/t Ag containing 1.4 Mt copper and 57 Moz silver • Dikoloti Nickel ‐4.1Mt @ 0.7% Ni, 0.5% Cu & 1.2 g/t PGE Focus is the development of the Boseto Copper Project • 3Mtpa Bankable Feasibility Study due for completion July 2010
At 31 March 2013, Discovery Metals had US$16.9 million in cash and project and corporate debt facilities of US$176 million. A scheduled Boseto Copper Project finance debt repayment of US$12 million was made during the March quarter. Existing lenders formally consented to a series of amendments to the Company's finance
copper project Brisbane, Australia — MININGREVIEW.COM — 01 April 2010 – Discovery Metals (DML) "' an Australian mining exploration company focused on copper in north-western Botswana "' says the scoping study at its Boseto copper project has confirmed the economic viability of underground mining at its Zeta mineral resource.
Tuesday, July 20, 2021 10:17 AM IRVING, Texas-- (BUSINESS WIRE)-- Fluor Corporation (NYSE: FLR) announced today that Khoemacau Copper Mining (Pty) Limited (Khoemacau) recently achieved first copper and silver concentrate production for its Starter Project near Toteng in Botswana.
During the quarter, the entire Project was independently reviewed by a team of expert reviewers for the Boseto banking syndicate. These independent reviews supported the 4 members of the banking syndicate receiving credit approval for the Project – demonstrating the bankability of Boseto.
DML shut down operations just three years later, in response to a struggling copper market. The morning the mine closed, workers were escorted onto buses by armed police. But now a new international private company has taken over the Boseto and Zone 5 mines. Cupric Canyon Capital and their subsidiary Khoemacau followed suit and …
Boseto Copper Project Discovery Metals Equity Raising. ... Neither the issue of this Presentation nor any part of its contents is to be taken as any form of commitment on the part of the Company to proceed with any transaction and the right is reserved to terminate any discussions or negotiations with any person. ...
COPPER PRODUCTION COMMENCES 2012. SHAREHOLDERS BY DOMICILE 57% A U S T R A L IA 2 6 U E % K U S A 2 % 8% BOTS WANA A YEAR OF ACHIEVEMENTS SHAREHOLDER DISSECTION 2011 13 Aug 2010 Boseto Initial Reserve 31 A ug 2010 Boseto BFS and Development Plan Booklet 2 SEPT 2010 Boseto Notice to Proceed …
Discovery Metals Limited (DML) is due to complete key studies towards its Boseto Copper Project in Maun, enabling the Australian company to commence capital of the anticipated US$170 million...
The Boseto mine, once commissioned, will be the first Botswana mine in the Kalahari Copper Belt with Discovery Metals already embarking on additional exploration to locate similar sized Botswana deposits to Boseto. The deposit has current ore reserves of 24.1million tonnes grading 1.3% copper and 16.7% silver.
Khoemacau Mining's copper mine in Botswana is expected to start production in 2021 with the initial annual output at 60 000 tonnes of concentrate, its executive director John Munro said. It is the newest and only operational copper mine in the country after two other copper mines were closed down. Cupric Canyon Capital holds a …
Drilling operations at Discovery's Boseto copper project Brisbane, Australia — MININGREVIEW.COM — 01 April 2010 – Discovery Metals (DML) "' an Australian mining exploration company focused on copper in north-western Botswana "' says the scoping study at its Boseto copper project has confirmed the economic viability of underground …
Australian minerals developer, Discovery Metals, is set to pump P1.2 billion into the Boseto Copper Project, an under-construction mine that once complete will be the country's largest copper mine.
BosetoProjectwill be 50% Debt and 50% Equity financed.Working capital separately provided.Discount rate of 10% using constant dollars for NPV calculations.Open pit plant feed for first 6 years with balance assumed ataverage …
Discovery Metals owned Boseto copper project in Botswana following the Company's successful A$138 million equity placement and rights issue in late 2010. At 31 December …
Khoemacau is not entirely a Greenfields project as it will incorporate the Boseto concentrator, which Khoemacau Copper acquired in 2015 after the demise of Discovery Metals' Boseto open-pit mine. The Zone 5 mine, however, that lies at the heart of the project is entirely a greenfields development.
The miner said this week that a proposed A$25.7-million rights issue, which was announced at the start of September this year, would not proceed, after the …
Boseto Copper Project Discovery Metals Equity Raising. ... Neither the issue of this Presentation nor any part of its contents is to be taken as any form of commitment on the …
Boseto Commissioning Update - Discovery Metals Limited EN English Deutsch Français Español Português Italiano Român Nederlands Latina Dansk Svenska Norsk Magyar Bahasa Indonesia Türkçe Suomi Latvian Lithuanian český …
The miner said this week that a proposed A$25.7-million rights issue, which was announced at the start of September this year, would not proceed, after the …
The Australian company, which owns the Boseto Copper project in Botswana has put 'for sale' sticker since its key shareholder declined to participate in raising equity earlier this year instead preferring that the company be sold competitively.
Since turning the company's focus to the Boseto Copper Project (formerly called 'Maun'), shares in the company have performed ahead of the junior mining sector. Today, shares in Discovery...
Discovery Metals goes underground for copper in Boseto heartland... Discovery Metals Limited is a copper and silver concentrate producer from its 100 percent owned major asset, the Boseto Copper Project in northwest Botswana. The company was founded in 2003, and work at Boseto began in 2005.
The miner said this week that a proposed A$25.7-million rights issue, which was announced at the start of September this year, would not proceed, after the company's lenders claimed a breach.