Eastport received 2-year renewals of its two prospecting licences for precious stones to the immediate north of the very rich Jwaneng Diamond Mine. Drilling is expected in 2021.
The Company was granted a 3-year prospecting licence for metals on 01 January 2021 in the Keng area of south-central Botswana. The project targets feeder style sulphide deposits.
Five additional nickel licence applications are pending. A positive decision to award these licences is expected in the coming months,
The Company was granted a 3-year prospecting licence for radioactive minerals on 01 January 2021 in the Foley area of east-central Botswana. The project targets shallow Karoo-hosted sedimentary uranium deposits in the vicinity of the Letlhakane deposit.
Eastport recently entered into an Option Agreement to acquire a major copper project. The transaction is nearing completion and is expected to join the portfolio in early 2021.