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ASX-listed Cobre Limited's largest shareholder, Metal Tiger, moved to maximise its shareholding in the budding base metals explorer this week. The savvy investment fund ploughed a further $310k into Cobre in a placement that will see Metal Tiger holding 19.99 per cent of the company as it ramps up exploration across the revered Kalahari Copper Belt in Botswana.

Cobre has unearthed 3 priority copper targets, including a 10km long by 3km wide copper anomaly, at its recently acquired Kitlanya project on the Kalahari Copper Belt in Botswana. The company has been conducting due diligence over the extensive southern African tenure where recent exploration has included stratigraphic drilling and remodelling of geophysical surveys, as it hones in on a swag of copper-rich targets across the veldt.

Cobre Ltd has nailed its preliminary metallurgical test work for the Perrinvale VHMS project in Western Australia. One 90kg bulk sample from the Schwabe prospect has undergone initial testing and produced impressive head grades of 3.6 per cent copper, 1.6 per cent zinc, 1.1 g/t gold and 13.1 g/t silver from a standard suite of copper and zinc sulphides. Test work will now proceed to the development of a potential processing route for the project.