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Kingsmen Resources Ltd. (TSXV: KNG) (OTCQB: KNGRF) ("Kingsmen" or the "Company") is pleased to report results from on its continuing exploration program on its 100% owned Las Coloradas project, which is in the Parral mining district of the Central Mexican Silver Belt, Chihuahua Mexico.
President, Scott Emerson, commented: We have now completed exploration over the entire 1.7 km and 1.4 km long Soledad and Soledad II structures with mineralization occurring over the entire strike lengths. This gives us confidence that mineralization continues along strike and at depth of the past producing Las Coloradas mine (300M) and also increases our confidence for our upcoming drill program.
Kingsmen has identified a new target area (DBD) for diamond drilling. This is in addition to the Mine, Aguilar and Leona target areas previously announced. The DBD target covers an area of historic underground artisanal mining between the Mine and Leona zones on the Soledad structure (Figure 1, Figure 2 (enlarged scale) and Table 1). The old underground workings show stopes up to 5 meters wide and 4.0 meters high. Where the mineralized structure rolls and flattens dilatant zones up to 3.0 meters can form. All historic workings have been above the water table (+/- 125 meters). As with all the target areas there has been no drilling to test the mineralization at depth where blind extensions to the mineralized structures, as well as new structures, are likely at depth.
Figure 1
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Figure 2
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There are strong similarities/parallels with the mineralization in the underground Santa Barbara mine where vein systems vary from 3 to 6.5 km along strike and the vertical extension of the shoots have a vertical extension of up to 900 meters.
The Las Coloradas mineralization is on the southeast flank of a prominent aeromagnetic high interpreted to be a buried felsic intrusive body. The felsic intrusives associated with the Soledad and other structures are likely linked to this body and the setting is favourable for porphyry, skarn and epithermal vein mineralization.
Table 1
| Sample | Width (m) | Ag ppm | Au ppm | Cu ppm | Pb ppm | Zn ppm |
| 1 | 1 | 201.98 | 0.205 | 289 | 17080 | 106860 |
| 2 | 0.9 | 90.28 | 0.033 | 38 | 7050 | 1920 |
| 3 | 1.1 | 0.5 | 0.005 | 59.6 | 72 | 125 |
| 4 | 0.8 | 82.3 | 0.021 | 50.7 | 10520 | 20770 |
| 5 | 0.7 | 19.8 | 0.014 | 65.4 | 2370 | 10740 |
| 6 | 0.6 | 2.9 | 0.0025 | 51.9 | 251 | 1140 |
| 7 | 0.6 | 80.8 | 0.126 | 136 | 13200 | 30130 |
| 8 | 0.7 | 54 | 0.064 | 62.9 | 4980 | 12230 |
| 9 | 0.6 | 28.7 | 0.021 | 40.8 | 3430 | 10070 |
| 10 | 0.7 | 268.42 | 0.359 | 88.7 | 41180 | 101060 |
| 11 | 1.2 | 14.9 | 0.062 | 64.1 | 2010 | 2850 |
| 12 | 1.2 | 40.5 | 0.031 | 56.3 | 2550 | 11670 |
| 13 | 1.3 | 21.4 | 0.089 | 47.7 | 2070 | 6510 |
| 14 | 1.2 | 38.1 | 0.012 | 98.1 | 5520 | 16600 |
| 15 | 1 | 33.7 | 0.0025 | 93.2 | 5390 | 13490 |
| 16 | 1.1 | 28.5 | 0.0025 | 69.5 | 6000 | 6460 |
| 17 | 1.3 | 43.6 | 0.206 | 79.1 | 5910 | 37810 |
| 18 | 1.1 | 23.9 | 0.104 | 39.6 | 2670 | 4250 |
| 19 | 0.9 | 15.9 | 0.0025 | 63.8 | 2270 | 1730 |
| 20 | 1.2 | 48 | 0.517 | 33.3 | 1760 | 11730 |
| 21 | 0.8 | 11.4 | 0.006 | 59.6 | 1660 | 3650 |
| 22 | 1.1 | 242.87 | 0.026 | 156 | 44410 | 47880 |
| 23 | 0.7 | 75.4 | 0.241 | 85.4 | 9001 | 37290 |
| 24 | 0.9 | 51.7 | 0.184 | 75.8 | 5760 | 23240 |
| 25 | 1.2 | 13 | 0.032 | 41.2 | 1850 | 3240 |
| 26 | 1.1 | 93.54 | 0.079 | 99 | 19250 | 33790 |
| 27 | 0.9 | 308.16 | 0.241 | 213 | 44790 | 210440 |
| 28 | 0.8 | 198.34 | 0.334 | 51.8 | 49840 | 50720 |
| 29 | 0.9 | 187.48 | 0.726 | 79.3 | 38630 | 66110 |
| 30 | 0.8 | 395.87 | 0.457 | 184 | 45770 | 35310 |
| 31 | 0.8 | 41.5 | 0.139 | 143 | 1320 | 239270 |
| 32 | 0.8 | 30.8 | 0.006 | 39.6 | 7520 | 4180 |
| 33 | 0.7 | 73.2 | 0.073 | 99.8 | 8379 | 37590 |
| 34 | 0.7 | 17 | 0.006 | 56.8 | 1850 | 7020 |
| 35 | 0.5 | 335.23 | 0.267 | 171 | 33140 | 106220 |
| 36 | 1.6 | 41.7 | 0.007 | 42.4 | 7820 | 5620 |
| 37 | 1.4 | 25.8 | 0.032 | 49.7 | 3050 | 11990 |
| 38 | 1.1 | 6.8 | 0.016 | 35.9 | 874 | 1990 |
| 39 | 1.4 | 27.5 | 0.007 | 73.6 | 2550 | 13690 |
| 40 | 1.1 | 7.11 | 0.0025 | 34.5 | 1350 | 1170 |
| 41 | 0.8 | 168.65 | 0.453 | 46.6 | 30770 | 16210 |
All samples were analyzed by ALS Chemex, Chihuahua. All samples were assayed for gold by fire assay with an ICP-AES finish. All samples were also analyzed for 35 elements by aqua regia extraction with ICP-AES finish.
About Las Coloradas
The Las Coloradas Project (8.5 km2 -3.3 sq miles) represents a consolidation of a historic mining district which covers numerous silver-gold-lead-zinc-copper mines previously exploited by ASARCO (American Smelting and Refining Company), the U.S. based subsidiary of Grupo Mexico.
Las Coloradas is in the Parral mining district of the Central Mexican Silver Belt, and is located approximately 30 kilometers southeast of the city of Hidago de Parral and 40 kilometers east of the San Francisco de Oro and Santa Barbara mining districts where several old major mines are located, such as La Prieta, Veta Colorada, Palmilla, Esmeralda, San Francisco del Oro and Santa Barbara. As well, new major mining projects are currently being explored in the district; Cordero (Discovery Silver Corp.), 35 kms north of Parral, and La Cigarra (Kootenay Silver Inc.), 35 kms northwest of Parral. Click here to see locator map, https://www.kingsmenresources.com/area-history
Qualified Person
Kieran Downes, Ph.D., P.Geo., a Qualified Person as defined by National Instrument 43-101, has reviewed and approved the scientific and technical disclosure set out in this news release.
About Kingsmen Resources
Kingsmen Resources is a mineral exploration company focused on advancing its 100% held Las Coloradas Project located in the prolific mining district of Parral Mexico. The project hosts the historic past producing high-grade silver mine, Las Coloradas. It is considered to be prospective for hosting further precious metal deposits, being on the same structural and stratigraphic belts that host numerous other on -trend, high- grade deposits. In addition, the company has a 1% NSR on the Los Ricos North project operated by GoGold Resources Inc. in Mexico. The Company's leaders have extensive experience in the mining and financial sectors. Kingsmen is a publicly-traded company (TSXV: KNG) (OTCQB: KNGRF) and is headquartered in Vancouver, British Columbia.
On behalf of the Board,
Signed: "Scott Emerson" Scott Emerson,
President & CEO Phone: 6046859316
Email: se@kingsmenresources.com
Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statement:
All statements, trend analysis and other information contained in this press release about anticipated future events or results constitute forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as "seek", "anticipate", "believe", "plan", "estimate", "expect" and "intend" and statements that an event or result "may", "will", "should", "could" or "might" occur or be achieved and other similar expressions. All statements, other than statements of historical fact, included herein, including, without limitation, statements regarding the completion of the acquisition of the Las Coloradas Project and receipt of regulatory approval, are forward-looking statements. Although Kingsmen believes that the expectations reflected in such forward-looking statements and/or information are reasonable, undue reliance should not be placed on forward-looking statements since Kingsmen can give no assurance that such expectations will prove to be correct. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements, including the risks, uncertainties and other factors identified in Kingsmen's periodic filings with Canadian securities regulators, and assumptions made with regard to: Kingsmen's ability to make the required payments under the definitive agreements; and Kingsmen's ability to secure the necessary regulatory approvals. Forward-looking statements are subject to business and economic risks and uncertainties and other factors that could cause actual results of operations to differ materially from those contained in the forward-looking statements. Important factors that could cause actual results to differ materially from Kingsmen's expectations include risks associated with the business of Kingsmen; risks related to the satisfaction or waiver of certain conditions to the closing of the acquisition of the Las Coloradas Project; non-completion of the acquisition of the Las Coloradas Project; risks related to exploration and potential development of the Las Coloradas Project; business and economic conditions in the mining industry generally; fluctuations in commodity prices and currency exchange rates; uncertainties relating to interpretation of drill results and the geology, continuity and grade of mineral deposits; the need for cooperation of government agencies in the exploration and development of properties and the issuance of required permits; the need to obtain additional financing to develop properties and uncertainty as to the availability and terms of future financing; the possibility of delay in exploration or development programs and uncertainty of meeting anticipated program milestones; uncertainty as to timely availability of permits and other governmental approvals; and other risk factors as detailed from time to time and additional risks identified in Kingsmen's filings with Canadian securities regulators on SEDAR in Canada (available at www.sedarplus.com). Forward-looking statements are based on estimates and opinions of management at the date the statements are made. Kingsmen does not undertake any obligation to update forward looking statements except as required by applicable securities laws. Investors should not place undue reliance on forward-looking statements.
What Was the Highest Price for Silver?
In this article
How is silver traded?
Before discovering what the highest silver price was, it’s worth looking at how the precious metal is traded. Knowing the mechanics can be useful in understanding why and how its price changes on a day-to-day basis and beyond.
Put simply, silver bullion is traded in dollars and cents per ounce, with market activity taking place worldwide at all hours, resulting in a live silver price. Key commodities markets like New York, London and Hong Kong are just a few locations where investors trade the metal. London is seen as the center of physical silver trade, while the COMEX division of the New York Mercantile Exchange, called the NYMEX, is where most paper trading is done.
There are two popular ways to invest in silver. The first is through purchasing silver bullion products such as bullion bars, bullion coins and silver rounds. Physical silver is sold on the spot market, meaning that in order to invest in silver this way, buyers pay a specific price for the metal — the silver price per ounce — and then have it delivered immediately.
The second is accomplished through paper trading, which is done via the silver futures market, with participants entering into futures contracts for the delivery of silver at an agreed-upon price and time. In such contracts, two positions can be taken: a long position to accept delivery of the metal or a short position to provide delivery.
Paper trading might sound like a strange way to get silver exposure, but it can provide investors with flexibility that they wouldn’t get from buying and selling bullion. The most obvious advantage is perhaps the fact that trading in the paper market means silver investors can benefit long term from holding silver without needing to store it. Furthermore, futures trading can offer more financial leverage in that it requires less capital than trading in the physical market.
Market participants can also invest in silver through exchange-traded funds (ETFs). Investing in a silver ETF is similar to trading a stock on an exchange, and there are several silver ETFs to choose from. Some ETFs focus on physical silver bullion, while others focus on silver futures contracts. Still others focus on the silver stocks or follow the live silver price.
What is silver's all-time high price?
The silver all-time high was US$49.95 per ounce, a level it reached on January 17, 1980.
However, the price didn’t exactly reach that level by honest means. As Britannica explains, two wealthy traders called the Hunt brothers attempted to corner the market by buying not only physical silver, but also silver futures — they took delivery of those silver futures contracts instead of taking legal tender in the form cash settlements.
Their exploits ultimately ended in disaster: On March 27, 1980, they missed a margin call and the silver market price plunged to US$10.80. This day is infamously known as Silver Thursday.
That record silver price wouldn’t be tested again until April 2011, when it reached US$47.94. This was more than triple the 2009 average silver price of US$14.67, with the price uptick coming on the back of very strong investment demand.
Silver's recent price history
After its 2011 peak, silver's price pulled back over the following years before settling between US$15 and US$20 for much of the second half of last decade. An upward trend in the silver price started in mid-2020, when it was spurred on by the economic uncertainty surrounding the COVID-19 pandemic. The price of silver breached the key US$26 level in early August 2020, and soon after tested US$30. However, it failed to make substantial progress past that.
Silver price chart, September 2, 2005, to September 2, 2025.
Chart via SilverPrice.org.
In the spring of 2023, the silver price surged by 30 percent, briefly rising above US$26 in early May; however, the precious metal cratered back down to US$20.90 in early October. Later that month, silver advanced toward the US$23 level on the back of safe-haven demand due to the outbreak of the Israel-Hamas war.
Following remarks from US Federal Rerserve Chair Jerome Powell, speculation about interest rate reductions sent the price of silver to US$25.48 on November 30, its highest point for the fourth quarter.
After starting 2024 on a low note, the white metal saw gains in March on rising Fed rate cut expectations. The resulting upward momentum led silver to reach a Q1 high of US$25.62 on March 20 before breaking through the US$30 mark on May 17. The silver price reached a then 12 year high of US$32.33 on May 20. In Q3, the metal's price slid down below the US$27 mark to as low as US$26.64 by August 7 alongside its industrial cousin copper.
Heading into Q4 2024, silver reversed course to the upside, tracking the record breaking moves in the gold price. Silver once again breached the US$30 level on September 13 and continued higher. On October 21, the silver price moved as high as US$34.20 during the trading day, up more than 48 percent since the start of the year and its highest level in 12 years. However, silver spent the rest of the year in decline, bottoming out at US$28.94 on December 30.
Silver price in 2025
The silver price experienced a momentum shift at the start of 2025, breaking through the US$30 barrier as early as January 5, and reached US$31.31 by January 29. The metal continued to post gains through much of February and March, climbing to US$32.94 on February 20 and then peaking at its quarterly high of US$34.21 on March 28.
Silver price chart, September 2, 2024, to September 2, 2025.
Chart via Silverprice.org.
Following US President Donald Trump's tariff announcements on April 2, silver slumped to below US$30. While the Trump administration’s tariff policies have been largely beneficial for safe-haven assets like precious metals, there were concerns that the threat of tariffs could weaken industrial demand, which could cool price gains in the silver market.
Yet those concerns were pushed to the back burner as recent economic and geopolitical events have raised analysts’ expectations of a September rate cut by the Fed. The benchmark rate has not changed since November 2024.
On June 5, the silver price rose to a 13 year high of US$36.05 in early morning trading, before retreating toward the US$35.50 mark. By June 16, the white metal had broken through the US$37 mark for the first time since May 2011.
In July, increasing geopolitical strife in the Middle East and Russia-Ukraine coupled with a positive outlook for China’s solar power industry proved price positive for both silver’s precious metals and industrial angles.
The silver price overtook the US$39 level to reach US$39.24 on July 22.
These same forces, coupled with the nearly unanimous rate cut expectations, launched the price of silver to over US$40 on August 31 for the first time since 2011, and by September 3 it had climbed as high as US$41.45.
Silver supply and demand dynamics
Market watchers are curious as to whether the silver price will continue its upward trajectory in 2025. Only time will tell, and it will depend on the white metal's ability to remain above the critical US$30 level.
Like other metals, the silver spot price is most heavily influenced by supply and demand dynamics. However, as the information above illustrates, the silver price can be highly volatile. That's partially due to the fact that the metal is subject to both investment and industrial metal demand within global markets.
In other words, it’s bought by investors who want it as a store of wealth, as well as by manufacturers looking to use it for different applications that are incredibly varied. For example, silver has diverse technological applications and is used in devices like batteries and catalysts, but it’s also used in medicine and in the automotive industry.
In terms of supply, the world’s three top producers of the metal are Mexico, China and Peru. Even in those countries silver is usually a by-product — for instance, a mine producing primarily gold or lead might also have silver output.
The Silver Institute's latest World Silver Survey, put together by Metals Focus, outlines a 0.9 percent increase in global mine production to 819.7 million ounces in 2024. This was in partly the result of a return to operations at Newmont's (TSX:NGT,NYSE:NEM,ASX:NEM) Peñasquito mine in Mexico following a suspension of activity brought about by strike action among workers and improved recoveries out of Fresnillo (LSE:FRES,OTC Pink:FNLPF) and MAG Silver's (TSX:MAG,NYSEAMERICAN:MAG) Juanicipio. Silver output also increased in Australia, Bolivia and the US.
The firm is forecasting a 1.9 percent rise in global silver mine production to 823 million ounces in 2025. Much of that growth is expected to come out of Mexico, and it is also projecting output will rise in Chile and Russia.
Lower production from Australia and Peru will offset some of these gains.
Looking at demand, Metals Focus sees growth in 2025 flatlining as industrial fabrication takes a hit from the global tariff war. This could be tempered by an anticipated rebound in demand from physical investment in silver bars and coins.
The silver market is expected to experience a substantial deficit of 117.6 million ounces in 2025, amounting to the sixth straight year of supply shortage for the metal.
Is the silver price manipulated?
As a final note on silver, it’s important for investors to be aware that manipulation of prices is a major issue in the space.
For instance, in 2015, 10 banks were hit in a US probe on precious metals manipulation. Evidence provided by Deutsche Bank (NYSE:DB) showed “smoking gun” proof that UBS Group (NYSE:UBS), HSBC Holdings (NYSE:HSBC), the The Bank of Nova Scotia (TSX:BNS) and other firms were involved in rigging silver rates from 2007 to 2013. In May 2023, a silver manipulation lawsuit filed in 2014 against HSBC and the Bank of Nova Scotia was dismissed by a US court.
JPMorgan Chase & Co. (NYSE:JPM) has been long at the center of silver manipulation claims as well. For years the firm has been in and out of court for the accusations. In 2020, JPMorgan agreed to pay US$920 million to resolve federal agency probes regarding the manipulation of multiple markets, including precious metals.
In 2014, the London Silver Market Fixing stopped administering the London silver fix, which had been used for over a century to fix the price of silver. It was replaced by the LBMA Silver Price, which is run by ICE Benchmark Administration, in a bid to increase market transparency.
Market watchers like Ed Steer have said that the days of silver manipulation are numbered, and that the market will see a significant shift when the time finally comes.
Investor takeaway
While silver has neared US$50 multiple times, including its all-time high, it’s anyone’s guess whether it will reach those heights once again. Many commentators say prospects are bright for silver, and investors will no doubt be watching to see how the metal fares.
This is an updated version of an article first published by the Investing News Network in 2015.
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Securities Disclosure: I, Melissa Pistilli, currently hold no direct investment interest in any company mentioned in this article.
Silver Price Surges Above US$40 for First Time Since 2011
Silver price chart, June 1 to September 2, 2025.
Chart via the Investing News Network.
Alongside silver's move, the gold price reached a fresh all-time high on Tuesday as expectations rose that the Fed will cut interest rates when it meets next from September 16 to 17.
Although inflation has been moving further from the Fed’s 2 percent target, there has been greater uncertainty in the labor force. July’s nonfarm payroll report indicated slowing growth in the jobs market and featured a downward revision of 258,000 fewer jobs in May and June combined. The next report, due on Friday (September 5), has analysts predicting further weakness in the US jobs market, with expectations of 73,000 jobs being added to the economy.
A weak jobs market has been fueled by uncertainty within the economy since the start of the year amid an ever-changing tariff policy under President Donald Trump. On August 29, a federal appeals court struck down the majority of Trump’s tariffs in a seven-to-four ruling, deeming the levies to be unconstitutional.
The tariffs will remain in place until October 14, giving the White House time to mount an appeal of the decision with the Supreme Court of the US. The order adds another level of uncertainty to an already chaotic market, pushing 10 and 30 year bond yields up and driving a selloff in equity markets. Investors are spooked that the ruling may require the government to repay tariffs that have already been collected, adding to the ballooning US federal debt.
The silver price is also benefiting from the high gold price, as some investors look for safe-haven assets at lower entry points. Additionally, silver has increasing industrial applications, which have driven a structural supply deficit in the market, providing underlying fundamental support for investors.
Don't forget to follow us @INN_Resource for real-time updates!
Securities Disclosure: I, Dean Belder, hold no direct investment interest in any company mentioned in this article.
Cobre Limited: Unlocking Copper and Critical Minerals for a Low-carbon Future
Cobre (ASX:CBE) is advancing copper-silver exploration in Botswana’s Kalahari Copper Belt, one of the world’s most prospective yet underexplored sediment-hosted copper provinces. Holding a 5,348 sq km land position, its near-term focus is the Ngami Copper Project (NCP), where a maiden JORC resource at the Comet deposit establishes an initial copper-silver resource with strong in-situ copper recovery (ISCR) development potential.
Cobre’s growth strategy balances district-scale discovery with development-ready assets. Backed by up to AU$40 million (US$25 million) in BHP funding, the company is accelerating exploration at Kitlanya while directing its own capital toward advancing the Ngami Copper Project through technical, environmental and permitting milestones.
Cobre’s project location in the Kalahari Copper BeltIn parallel, Cobre maintains strategic exposure to high-purity quartz and volcanogenic massive sulphide (VMS) opportunities in Western Australia. This diversified, capital-light approach is designed to drive shareholder value through discovery, de-risking and development optionality.
Company Highlights
- Dominant land position – ~5,348 sq km across Botswana’s Kalahari Copper Belt (KCB), the second largest tenement package in the districtInvestor
- Maiden JORC Mineral Resource – Comet deposit (Ngami copper project): 11.5 Mt @ 0.52 percent copper and 11.6 grams per ton (g/t) silver (60.3 kt copper; 4.3 Moz silver), incl. 1.1 Mt indicated @ 0.59 percent copper and 12.8 g/t silver
- BHP partnership – Eight-year earn-in across Kitlanya East & West, allowing BHP to earn 75 percent by providing up to US$25 million for exploration expenditure, while Cobre retains exposure
- BHP Xplor cohort – Selected in 2024, securing US$500,000 non-dilutive funding and technical support
- Multi-jurisdiction exploration portfolio – Botswana (copper-silver), Western Australia (VMS, high-purity quartz)
This Cobre Limited profile is part of a paid investor education campaign.*
Click here to connect with Cobre Limited (ASX:CBE) to receive an Investor Presentation
Cobre Limited
Investor Insight
Cobre offers investors a rare combination of district-scale copper-silver discovery potential, near-term development upside through its ISCR-ready Ngami copper project, and a capital-light growth model underpinned by major-partner funding and diversified exposure to critical minerals.
Overview
Cobre (ASX:CBE) is an Australian exploration company unlocking the copper-silver potential of the Kalahari Copper Belt in Botswana, one of the world’s most prospective but underexplored sediment-hosted copper provinces. With approximately 5,348 sq km of land position, the company’s near-term focus is the Ngami copper project (NCP), where a maiden JORC resource at the Comet deposit establishes an initial copper-silver resource with strong in-situ copper recovery (ISCR) development credentials.
Cobre’s project location in the Kalahari Copper Belt
Cobre’s growth strategy balances district-scale discovery potential with development-ready assets, leveraging major-partner funding, including up to AU$40 million (US$25 million) investment from BHP to accelerate exploration at Kitlanya, while concentrating company capital on advancing NCP through technical, environmental and permitting milestones. The company complements its Botswana assets with strategic exposure to high-purity quartz and volcanogenic massive sulphide (VMS) opportunities in Western Australia. This diversified, capital-light approach aims to build shareholder value through discovery, derisking and development optionality.
Company Highlights
- Dominant land position – ~5,348 sq km across Botswana’s Kalahari Copper Belt (KCB), the second largest tenement package in the districtInvestor
- Maiden JORC Mineral Resource – Comet deposit (Ngami copper project): 11.5 Mt @ 0.52 percent copper and 11.6 grams per ton (g/t) silver (60.3 kt copper; 4.3 Moz silver), incl. 1.1 Mt indicated @ 0.59 percent copper and 12.8 g/t silver
- BHP partnership – Eight-year earn-in across Kitlanya East & West, allowing BHP to earn 75 percent by providing up to US$25 million for exploration expenditure, while Cobre retains exposure
- BHP Xplor cohort – Selected in 2024, securing US$500,000 non-dilutive funding and technical support
- Multi-jurisdiction exploration portfolio – Botswana (copper-silver), Western Australia (VMS, high-purity quartz)
Key Projects
Ngami Copper Project
The 100 percent owned Ngami copper project is Cobre’s flagship asset and the primary focus of current exploration and technical work. Situated in the Kalahari Copper Belt (KCB), NCP spans multiple licences covering highly prospective sediment-hosted copper-silver targets along basin margins.
Comet Deposit – Maiden JORC Resource
- Announced in August 2025, the Comet deposit hosts 11.5 Mt @ 0.52 percent copper and 11.6 g/t silver, including 1.1 Mt indicated @ 0.59 percent copper and 12.8 g/t silver, at a 0.2 percent copper cut-off.
- Contained metal: ~60,300 tonnes copper and 4.3 Moz silver.
- Mineralisation is predominantly fine-grained chalcocite, an ideal feedstock for hydrometallurgical processing.
In-Situ Copper Recovery Development Potential
ISCR is a low-cost, low-impact method of producing copper by circulating a solution through the orebody underground to dissolve and pump the metal to surface for processing. For Cobre’s Ngami project, ISCR offers the potential to unlock value without the expense and disruption of conventional mining, thanks to favourable geology, high recoveries in test work, and minimal surface disturbance – positioning it as a potentially faster, cleaner and more capital-efficient path to production.
Exploration Upside
Beyond the initial Comet resource, Ngami hosts extensive growth potential with 40 km of mineralised strike and large, defined exploration targets that could significantly expand the resource base. Early drilling at new zones, such as the Cosmos target, has intersected high-grade copper. More than 20 km of prospective contact remains untested, offering multiple opportunities for further discoveries that could enhance scale, mine life and project economics.
Kitlanya East & West
Cobre’s Kitlanya East and West licences, also located in Botswana, involve an eight-year earn-in agreement with BHP. Under the deal, BHP can invest up to US$25 million to earn a 75 percent interest in Kitlanya, allowing the company to leverage a major partner’s technical expertise and funding while retaining exposure to potential tier-one discoveries. Exploration is targeting preserved fold hinge settings along basin margins – geological positions known to host large sediment-hosted copper deposits – using advanced geophysics and seismic techniques to define high-priority drill targets.
Okavango Copper Project
Another Botswana copper asset, the Okavango project is located along strike from MMG’s Zone 5 deposit. Okavango offers 186 km of prospective contact in the northeast Kalahari Copper Belt. Early drilling has intersected multiple zones of anomalous copper and silver mineralisation, and geophysical data shows gravity signatures comparable to those in producing areas, indicating strong potential for significant new discoveries.
Perrinvale Project
In addition to its African portfolio, Cobre holds the Perrinvale project in Western Australia, prospective for both high-grade VMS mineralisation and high-purity quartz (HPQ). The HPQ target has an exploration range of 5.1 to 28.3 Mt grading 99.1 to 99.6 percent SiO₂, positioning it as a potential supplier to critical silicon markets for renewable energy and electronics.
Management Team
Martin Holland – Executive Chairman
Martin Holland is the founder of Cobre and co-founder of multiple ASX-listed companies, including Lithium Power International. He has more than 15 years’ experience in capital markets and resource company leadership, raising more than AU$200 million for exploration.
Adam Wooldridge – Chief Executive Officer
Founding partner and CEO of KML, Adam Woolridge has more than 28 years’ experience in exploration management and target generation in Africa, the Middle East and Europe.
Ross McGowan – Non-executive Director
CEO of Armada Metals and founder of RED Group, Ross McGowan has over 20 years of experience in African exploration, and was part of the Kamoa discovery team.
Michael McNeilly – Non-executive Director
Michael McNeilly, is a corporate financier and CEO of Strata Plc, with experience across multiple listed resource companies.
Michael Addison – Non-executive Director
Michael Addison is the founder of Endocoal, Carabella Resources and Genex Power, with extensive mining and energy development background.
Andrew Sissian – Non-executive Director
Andrew Sissian is co-founder of Cobre and Procon Telematics. He is a corporate and capital markets specialist with a CPA background.