Cobre Limited announced significant progress at its Ngami Copper Project in Botswana by initiating an Environmental Impact Assessment with experienced local consultant Loci Environmental. The assessment, which will include detailed hydrogeological modelling by WSP in Australia, is expected to take about nine months. Once approved by Botswana’s Department of Environmental Protection, the study will cover the permitting requirements for a pilot In-Situ Copper Recovery operation. A successful pilot study will pave the way for an upgraded permit for full-scale production. The company also shared new assay results from its infill drilling programme at the Comet Target. Highlights from the latest intercepts include one hole recording 16.7 meters at 0.44% copper and 10 grams per tonne silver, and another showing an 18.5-meter intersection at 0.52% copper with 15 grams per tonne silver. These results build on earlier drilling data, which have consistently demonstrated a broad zone of mineralization featuring stable grade continuity. A maiden Mineral Resource Estimate is expected by August 2025, further enhancing the project’s technical credibility. Cobre Limited’s exploration strategy builds on a comprehensive 3,420-meter diamond drilling programme designed to bring around 2.5 kilometers of the four-kilometer strike length into a resource category. The company’s focus on obtaining a robust dataset—including detailed drilling coordinates, various assay results, and geological mapping—aims to provide a sound foundation for both the forthcoming environmental permitting and resource modelling initiatives. The news presents a bullish scenario for Cobre Limited. On the positive side, the appointment of established environmental and engineering teams, promising assay grades that exceed earlier estimates, and the projected Mineral Resource Estimate suggest that the project is on track for further development. These factors could drive investor confidence as the project moves towards full-scale ISCR, a technique that has shown success in comparable operations elsewhere. Conversely, some caution is warranted. The success of the environmental permitting process and subsequent pilot studies remains subject to regulatory approval and technical validation, which may introduce delays. Investors should also note that exploration projects inherently carry risks such as fluctuating metal prices and the challenges of scaling up from pilot to commercial operations. Overall, the recent developments at the Ngami Copper Project indicate healthy progress, while future milestones such as the completion of the environmental assessment and the Mineral Resource Estimate will be crucial in determining the project’s commercial potential.