Arc Minerals (LSE:ARCM) has appointed G D E Botswana Drilling & Exploration, part of Global Drilling & Exploration Group, to undertake a diamond drilling campaign at its PL135/2017 licence within the Virgo copper project in Botswana’s Kalahari Copper Belt.
The phased exploration programme will investigate a series of high-priority targets across approximately 14 kilometres of interpreted contact between the D’kar and Ngwako Pan formations. Drilling will also focus on structurally complex areas that Arc believes could provide favourable traps for copper mineralisation.
The programme has been designed to remain adaptive as drilling progresses and is expected to exceed 6,000 metres. Arc plans to use portable X-ray fluorescence analysis alongside laboratory assays to evaluate drill core, allowing geological information to be incorporated into decisions as the campaign advances.
Management highlighted the strategic location of the Virgo project within the Zone 5 corridor, where Arc is the only junior company holding a licence. The company’s ground is situated close to MMG’s Khoemacau project, placing the exploration campaign within one of Botswana’s most prospective copper districts.
Successful drilling could provide important evidence regarding the scale and continuity of mineralisation at Virgo. Positive results could also strengthen Arc’s position as it seeks to demonstrate the project’s discovery potential and attract greater attention from prospective investors and industry partners.
Arc’s broader financial profile remains challenging. The company is pre-revenue and continues to report losses and cash outflows, while its equity and asset base contracted during 2025.
Technical indicators provide a more supportive picture, with the shares trading above important moving averages and MACD remaining positive. However, conventional valuation measures offer limited support because Arc continues to generate negative earnings and does not currently provide a dividend yield.
More about Arc Minerals
Arc Minerals is an AIM-quoted copper exploration company focused on identifying and developing potentially Tier 1 copper deposits in Africa.
Its principal interests include the Virgo Project in Botswana’s Kalahari Copper Belt, situated within MMG’s highly prospective Zone 5 corridor, and the Kabompo West Project in Zambia’s Central African Copper Belt. Both assets give Arc exposure to established, globally significant copper-producing regions.
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