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Sandfire buys Kopore's Namibia ground

Karl Simich is heading back to Namibia, where he prospected for gemstones almost 20 years ago with Namakwa Diamonds, with his copper miner Sandfire Resources signing an agreement to buy Kopore Metals’ interests in the African nation for A$2 million in cash and shares.

Sandfire buys Kopore's Namibia ground Sandfire buys Kopore's Namibia ground Sandfire buys Kopore's Namibia ground Sandfire buys Kopore's Namibia ground Sandfire buys Kopore's Namibia ground

Sandfire Resources is expanding into Namibia

It is a much needed boost for Kopore, which had just $89,000 cash at the end of March, and will allow it to concentrate on its holdings in Botswana.