Demand for copper is growing rapidly as the world accelerates toward electrification and decarbonisation. The metal is an essential component in everything from electric vehicles and renewable energy systems to power grids and advanced electronics.
However, the global supply side is facing a serious challenge.
Data from S&P Global shows the rate of new discoveries has been falling consistently since the 1990s in the face of declining exploration budgets.
Global copper exploration budgets and new discoveries are in rapid decline
At the same time, many of the world’s largest operation copper mines are nearing their peak due to declining ore grades and reserves exhaustion. With replacement projects failing to keep pace, analysts now predict a substantial long-term supply deficit lasting for the foreseeable future.
In this environment, new copper discoveries in stable and supportive jurisdictions are becoming increasingly valuable and rare. That’s what makes the Kalahari Copper Belt (“KCB”) in Botswana such a compelling opportunity.
The KCB has seen a wave of recent discoveries and is quickly establishing itself as one of the world’s most promising new copper districts. Kavango is strategically positioned within the Belt, focused on identifying and advancing high-potential exploration targets as demand for new sources of copper intensifies.
