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Botswana Metals Limited (ASX : BML) research and analysis

Contributed by eResearch

By eResearch

Botswana Metals Limited has published an update on the progress of the Company’s drilling program over four target areas at its potential volcanic massive sulphide (VMS) discovery in Botswana:

(i) Airstrip Copper

(ii) Dibete

(iii) Mmatsiane

(iv) Jumbo

In this program, Botswana Metals is expected to drill a total of 5,000 metres of RC and diamond core (about two-thirds RC and one-third diamond core).

Drilling at Dibete & Airstrip Copper

Dibete and Airstrip Copper are Botswana Metals’ current priorities. A diamond core drill rig is currently drilling at the Dibete prospect, and a reverse circulation (RC) rig is now at the Airstrip Copper discovery, having moved there on August 18. The diamond drilling at Dibete is expected to be completed shortly, at which time diamond drilling will be moved to Airstrip Copper.

A total of 748 metres of RC drilling and 220 metres of diamond drilling were completed to August 20, at both Dibete (12 holes planned) and Airstrip Copper (11 holes planned).

IP at Mmatsiane and Dibete East

At Mmatsiane, gradient array IP work has begun, to be followed by IP over Dibete East, which was recently recognized as a significant target.

Reinterpretation of Geochemical Data at Jumbo

At the Jumbo prospect, geochemical data is being reinterpreted. Jumbo is possibly a strike extension of Mmatsiane.

Further details on these prospects are contained in Botswana Metals Limited’s August 25, 2010 news release, available on the Company’s website at www.botswanametals.com.au.

THE COMPANY

Botswana Metals Limited, with headquarters in Victoria, Australia, was listed on the Australia Stock Exchange (ASX) in October 2007 following A-Cap Resources Limited’s decision to spin off its nonuranium assets into a separate company.

The Company’s projects are in Botswana, which has an investment-friendly government. Botswana Metals’ focus is on base and precious metal projects (nickel, copper, diamonds, and other). The Company’s licences cover approximately 2,800 square kilometres.

Botswana Metals has an experienced team with solid logistical support. The projects benefit from excellent infrastructure.

eResearch Analysts:

Eric Eng, B.A., MBA

Bob Weir, B.Sc., B.Comm, CFA