Cobre Limited (ASX: CBE) announces its selection for the 2024 BHP Xplor Program, gaining access to US$500,000 in non-dilutive funding and comprehensive support for its Kalahari Copper Belt projects in Botswana. BHP Xplor, a groundbreaking accelerator initiative, merges venture capital and early-stage accelerators, offering participants funding, mentorship, and networking opportunities.
Cobre plans to utilize the grant to assess and advance potential tier-one copper-silver deposits, with a focus on newly identified trap-sites. The Xplor Program aims to expedite mineral exploration by fostering disruptive results through new concepts, data utilization, and accelerated testing. Cobre's CEO, Adam Wooldridge, expresses excitement about the partnership, highlighting the technical merits of the team. Executive Chairman Martin Holland sees the inclusion as validation of Cobre's vision for the Kalahari Copper Belt's tier 1 potential.
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