Leviathan Gold Expands Key Botswana Copper Belt Holdings

Leviathan Gold Ltd (Class A) has significantly increased its footprint within Botswana’s mineral-rich Kalahari Copper Belt. The exploration company has secured a new prospecting license, a move that nearly doubles the size of its core project area. This strategic expansion grants Leviathan control over additional kilometers of a critical geological formation, widely recognized as a primary source for copper and silver discoveries in the region.

Transaction Secures Prime Geological Position

The expansion centers on gaining access to an extra ten kilometers of the geologically significant D’Kar-Ngwako contact horizon. This structure is of paramount technical importance, as it hosts the neighboring Khoemacau deposits currently under development by mining giant MMG. With this latest acquisition, Leviathan now commands over 30 kilometers of this specific contact around the Hyena Hills Dome.

The deal, formalized on March 19, adds 270 square kilometers to the existing “Central Project.” This brings the total controlled area to 590 square kilometers. The company’s growth mirrors a broader industry pattern, where exploration firms are aggressively securing promising land in proven districts with established infrastructure, driven by robust global demand for industrial metals.

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Financial Terms and Forward Outlook

The license acquisition is structured around a multi-stage payment plan:

• Initial Payment: A cash sum of $200,000 upon initiation of the transfer process.
• Final Payment: An additional $300,000 in cash plus the issuance of 991,666 common shares.
• Royalty: The seller retains a 1% Net Smelter Return (NSR).
• Buyback Option: Leviathan holds the right to repurchase this royalty for $1.5 million.

Final completion of the transaction remains subject to standard regulatory approvals and the formal transfer of rights. With its substantially enlarged land package, Leviathan is positioning itself for upcoming exploration campaigns in the Kalahari Copper Belt. The geological continuity with adjacent major deposits will be a focal point for its future work programs.