Altona Secures 85% Stake in Botswana Copper Project. Altona Rare Earths Plc has finalized an agreement to acquire up to an 85% interest in the Sesana Copper-Silver Project, located in Botswana’s Kalahari Copper Belt. This acquisition marks a significant step for the company as it expands its footprint in Africa’s critical minerals sector.
According to Mining Weekly, the agreement was reached with Ignate African Mining and involves phased financial and exploration commitments over a four-year period. The project is currently in the environmental permitting stage, with exploration activities expected to begin soon.
The Sesana Copper-Silver Project is strategically positioned in Botswana’s highly prospective Kalahari Copper Belt, an emerging mining hub known for hosting several world-class copper deposits. This region has gained attention from investors due to its rich mineral resources and stable mining jurisdiction.
Altona’s decision to enter Botswana’s copper sector aligns with the growing global demand for copper, which plays a crucial role in renewable energy technologies and electrical infrastructure. With the increasing shift towards clean energy solutions, copper remains a vital resource for industries worldwide.
As Altona moves forward, it plans to conduct further geological assessments and develop a detailed exploration strategy to unlock the full potential of the Sesana project. With Botswana’s mining-friendly policies and strong regulatory framework, the company is well-positioned to advance its operations in the country.
The acquisition reflects Altona’s broader strategy of securing high-value mineral assets in Africa, reinforcing its commitment to contributing to the continent’s growing mining sector.
