en.Wedoany.com Reported - Kaoko Metals listed on the ASX today, raising A$6.5 million through its IPO to focus on developing its copper projects in Namibia. The company holds strategic assets in the Kaoko Copper Belt and the Damara Metallogenic Belt, aiming to discover large copper deposits. Namibia is known for uranium and diamonds, but the nearby Tsumeb copper mine (closed in 1996, having produced 1.7 million tonnes of copper at an average grade of 4.3%) and the recent success of Midas Minerals (ASX:MM1) validate the region's copper potential.

Surface sampling at its Chalkos copper-silver project has returned high-grade results: copper up to 69.9% and silver up to 2030 g/t. A 20-kilometre mineralized strike has been confirmed, with an additional 20 kilometres of prospective area, and maiden drilling is set to commence soon. Managing Director Gerard O'Donovan stated: "Our ASX listing is a significant milestone, and the investor response validates the quality of our projects and the strength of our team." Additionally, the company holds the Karibib copper-gold-tungsten project in the Damara Belt, where historical drilling results include 4m @ 1.98% Cu, 0.92g/t Au, and 0.72% W. Drilling programs for both projects are about to begin, with multiple high-priority targets to be tested.

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