10th Sep 2024 12:22
(Alliance News) - Aterian PLC on Tuesday gave an update on its activities in Botswana, several months after acquiring a 90% interest in Atlantis Metals Ltd.
Aterian is a London-based, Africa-focused mining company, while Atlantis is a privately-registered entity in Botswana. The latter has seven prospecting licences in the Kalahari Copper Belt, and three in the Makgadigadi Region.
Initial target generation has been completed using available airborne geophysical data and remote sensing, Aterian said.
Three licences in the Makgadikgadi Pans are considered highly prospective for lithium brine, and two areas have been selected for a field follow-up.
Three more have been prioritised for initial fieldwork at the Kalahari Copper Belt.
"The highly prospective Kalahari Copperbelt is an excellent mineral destination for the company, with some well-documented, recent exploration success stories," said Chair Charles Bray.
"The knowledge and experience gleaned by our geologists across the jurisdictions are invaluable as we learn and understand the various features of the environments. We look forward to updating the market on our continued exploration effort to develop these critical energy transition metals."
Shares in Aterian were trading 0.9% higher at 59.00 pence each in London on Tuesday afternoon.
By Holly Beveridge, Alliance News senior reporter
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