Ilala Metals is an Australian based company set to IPO in the first half of 2024, with a focus on uranium, copper and lithium in Africa’s leading mining destinations of Botswana and Namibia. What sets Ilala apart from other junior explorers in the region is the quality of its assets.
Ilala has 100% stake in what is almost certainly the most sought-after uranium Prospecting Lease in Botswana – the Serule Uranium Project and, Ilala’s 100% held Central Copper Project on Botswana’s Kalahari Copper Belt (KCB). Other juniors tend to have ‘fringe-projects’ on the KCB but the Central Copper Project is close to heart of the zone of most discovery.
The Serule Project is immediately adjacent and down-dip of A-Cap Energy’s 366Mlb U3O8 Letlhakane deposit and so is partly de-risked in terms of the ‘path-to-discovery’. The first step for Ilala will be drilling to test the continuation of Letlhakane onto its own ground.
The Central Copper Project is within the main axis that has delivered a combined Mineral Resource of 166Mt @ 1.9% Cu within the ‘Khoemacau Cluster’, a grouping of large high-grade copper deposits which supports Khoemacau’s mining operations which are ramping up to 130 ktpa copper production. Geophysical work carried out by Ilala on ‘Central’ has defined drill-targets for 2024.
In addition Ilala has a large portfolio of other quality copper and uranium projects, totalling 16,500 km2 and an application for a lithium-tantalum project in Namibia.
Ilala Metals is positioned for rapid growth in a rising uranium market and stronger copper outlook and is led by a strong technical team backed by an experienced board