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Sandfire set for Botswana turn

Botswana copper explorer MOD Resources is set to be taken over at the second attempt by miner Sandfire Resources via a A$167 million (US$116 million) scrip and cash deal.

Sandfire set for Botswana turn Sandfire set for Botswana turn Sandfire set for Botswana turn Sandfire set for Botswana turn Sandfire set for Botswana turn

MOD Resources has successfully drilled and scoped out at least one emerging Botswana copper project

Sandfire failed early this year to transact a deal valuing the Botswana-focused MOD's shares at 38c, but it is set to be successful this time after upping the bid about 18% to 45c and including a cash