Leviathan Metals (TSX-V:LVX) is planning to conduct drilling across its portfolio of assets in Botswana and Bosnia in the new year.
Speaking to Mining.com.au, CEO Luke Norman says the company has spent a lot of time and effort this year within its Central Copper Project in Botswana.
“We’re doing all the pre-work leading up to a drill program in Q1 2026,” Norman tells this news service.
“We’re going to go in with some very high-res geophysics that we’ve established. We’re now just putting in the last work on honing in on our primary target.”
The program will aim to prove Leviathan’s concept of the belief Central has an identical geology backdrop setting to the entire Khoemacau Mine.
Norman adds that the company will conduct a “wide open throttle” into establishing discoveries, “because there will be multiple”.
The Central Project is interpreted to host 24km of the D’Kar Formation contact, mostly on the limbs and around the hinge of the Hyena Hills dome, as supported by high-resolution ground magnetic survey completed between 2023-2025.
Meanwhile at the Foca Project in Bosnia, the company will also conduct drilling in 2025, following the completion of sampling and trenching. The program will aim to confirm the strike length of the mineralisation that has been exposed to surface and delineate a sizeable deposit.
In terms of Leviathan’s growth profile, Norman explains the company is “purely reliant on discovery”, due to not being a cash-flow company.
“We’ve done all the groundwork to get into discovery mode in the new year,” Norman says.
“Discovery is the primary reason to be invested in a junior explorer like we are. Discovery is going to be massively formative for us at either project.”
Leviathan Metals recently underwent a name change from Leviathan Gold to better reflect the company’s overall strategy.
With a number of assets located in Bosnia and Botswana, Leviathan is focused on uncovering copper, uranium, and polymetallic discoveries.
Earlier this month, Leviathan received approval to acquire Cura Exploration Botswana, offering the company landholdings in the Kalahari Copper Belt and a prospective uranium portfolio for a total of 10,000km2.
On 28 November Leviathan closed the Cura Exploration transaction, which was carried out by way of an amalgamation under the laws of the Province of British Columbia pursuant to the terms of a September amalgamation agreement.
Cura recently completed the acquisition of all of the shares of several AfriMetals entities, which are the holders of certain copper and uranium prospecting licenses in Botswana.
The key asset of the AfriMetals entities is the land package commonly referred to as the Central Project, which directly adjoins MMG’s Khoemacau group of deposits and discoveries on the Kalahari Copper Belt.
Together with the nearby Banana Zone, Zone 6, and Ophion (combined measured and indicated mineral resources of 33Mt @1.4% copper and 21g/t silver and inferred mineral resources of 141Mt @0.9% copper and 10g/t silver) were acquired by MMG in 2023 for US$1.9 billion.
The 800km-long Kalahari Copper Belt hosts copper-gold deposits of the sediment-hosted stratiform copper type and is regarded as one of the world’s most prospective areas for yet-to-be-discovered deposits, according to the US Geological Survey.
Most KCB discoveries have been made within the past 25 years and the largest deposits within the past 15 years.
According to the Department of Industry Science and Resources (DISR), global copper demand is projected to rise strongly to meet requirements for clean energy technologies, data centres and electricity infrastructure more broadly. Copper supply is expected to lag demand as new mines are slow to develop and trade barriers interrupt scrap flows.
In H1 2025, global copper consumption rose by 1.8% year-on-year, reaching a total of 13.7 million tonnes. China’s refined copper demand rose by 7.7% year-on-year to 8.2 million tonnes in H1 2025, accounting for 59% of global usage.
The International Energy Agency (IEA) projects China’s clean energy investment in 2025 to be US$627 billion, almost double what it was in 2015 and accounting for around 29% of global clean energy investment.
Outside of China, clean energy investment is projected to rise to US$2.2 trillion in 2025, driven by growth in renewables, electricity networks and end-use.
Over the outlook period, copper demand is forecast to grow on average by 2.6% a year, from 28 million tonnes in 2025 to over 29 million tonnes in 2027.
Leviathan Metals is a mineral explorer focused on discoveries copper-focused on Botswana and Bosnia.
Write to Aaliyah Rogan at Mining.com.au
Images: Leviathan Metals
