• Verity now holds 100% of a 1,800 km² copper asset portfolio in Botswana.

• The company acquired BCL Investments’ 66% stake for $206,060.

• Key assets include Maibele North and other high-grade copper-silver prospects.

Verity Resources announced yesterday it now fully controls a 1,800 km² portfolio of mining assets in Botswana, mainly focused on copper. The development follows a buyout agreement with its joint venture partner, BCL Investments.

The two companies had been partners since 2012, holding 34% and 66% stakes respectively. Verity said it acquired BCL’s shares for $206,060 after exercising its preemptive right following an undisclosed international mining company’s offer to buy BCL’s stake.

“The Verity team are very excited to make a strategic play and exercising our pre-emptive right over a bid for the joint venture interest held by BCL Investments, taking us to 100% ownership of multiple highly prospective copper-silver prospects with exceptionally high-grade copper (Cu) and silver (Ag) intercepts from previous programs completed under the JV,” said Patrick Volpe, Managing Director of Verity Resources.

Among the assets acquired is the Maibele North deposit, where 2.38 million tons of copper, nickel, and platinum group metals were identified in 2015. The portfolio also includes the Airstrip and Dibete copper prospects, along with several regional exploration targets. These projects strengthen Verity’s position in Botswana’s growing copper industry.

While Botswana is best known for its diamond mines, it has become a copper producer in recent years through operations such as Motheo (Sandfire Resources) and Khoemacau (MMG). The country also hosts several advanced copper projects, including Ngami (Cobre) and Kitlanya, where BHP announced a $25 million investment earlier this year.

Verity has not yet announced new exploration plans in Botswana. The company is also active in Australia, where it is conducting exploration at the Monument gold project, and in Brazil, where it holds rare earth and gallium assets.