Tier 1 Copper Exploration in Botswana: targeting the highly prospective Kalahari Copper Belt.

Leviathan is exploring its highly strategic 100%-owned Central Project – which directly adjoins MMG’s Khoemacau group of deposits, (Measured and Indicated Mineral Resources of 94Mt @1.8% Cu and 22 g/t Ag and Inferred Mineral Resources of 188Mt @1.6% Cu and 20 g/t Ag¹). Together with the nearby Banana Zone (Measured and Indicated Mineral Resources of 33Mt @1.4% Cu and 21 g/t Ag and Inferred Mineral Resources of 120Mt @0.8% Cu and 10 g/t Ag) this portfolio was acquired by MMG Ltd in 2023 for US$1.875 billion². Production from Khoemacau began in 2021 at a nameplate rate of 60,000 tonnes per annum³.

The Central Project displays similar large-scale geological characteristics to Khoemacau, making the property highly prospective for a Tier 1 copper discovery. Specifically, all known Kalahari Copper Belt – KCB – deposits occur at or close to a well-understood stratigraphic contact (the interface between the D’Kar and Ngwako Pan Formations); the Central Project boasts around 24 kilometers of this contact. Importantly, MMG’s deposits occur on the flanks of very large anticlinal folds, also referred to as domes. A large dome is present on the Central Project (the Hyena Hills dome), as defined by existing geological interpretation and supported by a recent high-resolution ground magnetic survey. This is the next dome south from those hosting the Khoemacau deposits though has received very little exploration and has not been drill tested within Leviathan’s ground.