Drill Results Routine +

Leviathan Metals completes High Resolution Helicopter Borne Electromagnetic Survey at its Central Project, Kalahari Copper Belt, Botswana

Kalahari Copper Belt Expansion

By The Northwire Desk — AI Analysis Apr 23, 2026 · 08:31 LVX · 0.72 Leviathan Metals Corp.

Executive Summary

Leviathan Metals Corp. completed a high-resolution helicopter-borne electromagnetic (EM) survey at its Central Project in the Kalahari Copper Belt, Botswana.
The survey covered approximately 580 linear kilometers of data collection.
Geophysical findings identified over 20 kilometers of prospective D'Kar-Ngwako Pan Formation contact within a prominent domal structure.
The structure is located immediately south of MMG Limited's Khoemacau deposits, which are known Tier-1 copper assets.
Data processing is complete and the geoscientific team is selecting near-term drill targets; drilling preparations are underway.
This follows a March 2026 acquisition of an additional 270 km² prospecting license adjacent to the Central Project.

Material Impact

The news confirms execution progress on the strategic land package acquired via the Cura amalgamation in November 2025.
Identification of >20km of prospective contact south of Khoemacau validates the geological thesis but does not constitute a resource discovery or drill result.
Given the stock has already priced in the acquisition and recent land expansion, this is an expected step in the exploration workflow (Survey -> Targets -> Drill).
No immediate financial impact or revenue generation; capital expenditure continues to fund exploration.
The market likely anticipated this survey completion given the timeline since the November 2025 closing.
Rating reflects incremental progress rather than a fundamental change in valuation drivers without drill results.

LVX · Price

Company Overview

Flagship Project: Central Copper Project, Kalahari Copper Belt (KCB), Botswana.
Status: Exploration; fully permitted for drilling following the Cura amalgamation.
Geology: Hosted on D'Kar-Ngwako Pan Formation contact; adjacent to MMG's Khoemacau deposits.
Secondary Projects: Foca Project (Bosnia & Herzegovina) with high-grade trenching results; Serule Uranium Project (Botswana).
Strategy: Focus on low-risk jurisdictions (Botswana, Bosnia) for copper-silver and uranium projects using high-resolution geophysics.

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