Leviathan Metals (TSX-V:LVX) has completed a high-resolution, helicopter borne, time-domain electromagnetic survey at its Central Project located on the Kalahari Copper Belt of Botswana.
CEO Luke Norman says the company is “delighted” to apply this technology as its opening move in the exploration of its newly acquired Central Project.
“With survey data in hand, our geoscientific team shortly expects to select a series of targets for near-term drill testing, for which preparations are already underway,” Norman says.
Data processing is complete and is currently being applied to the selection of near-term drill targets.
The Central Project displays similar ‘large-scale’ geological characteristics to those observed at the Khoemacau Project, making the property prospective for a tier one copper discovery.
In March 2026, Leviathan entered into a purchase agreement with a private third-party regarding a prospecting licence situated in close proximity to the Central Project.
The licences cover 270km2, expanding the Central Project to 590km2. The acquisition adds a further 10km of interpreted D’Kar-Ngwako Pan Formation contact – and thus key target structure and stratigraphy – to Leviathan’s Central portfolio.
Under the agreement, the company will pay US$200,000 in cash upon the renewal and initiation of ownership transfer of the licence in favour of Innovation Surveyors.
Leviathan will also pay US$300,000 in cash and issue 991,666 shares in the company upon fulfilling closing conditions.
Leviathan Metals is a dual-listed Canadian mineral explorer focused on critical and precious metals.
Write to Aaliyah Rogan at Mining.com.au
Images: Leviathan Metals
