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Kalahari Copper Limited acquisition expanded ...
Oscillate PLC has revised the terms of its acquisition of Kalahari Copper Limited to include Kalahari Copper's Namibian Copper Project, in addition to the previously announced Botswanan Copper Project. Oscillate made a non-refundable payment of £500,000 to Kalahari Copper, some of which will be allocated to work programs and license renewals. Upon signing the share purchase agreement, Oscillate will issue shares equating to 30% of its outstanding shares as consideration. A cash payment of £2.0 million, increased from £1.5 million, will be made to the seller within 10 days of relisting on a senior exchange. Milestone payments of £1.5 million each will be due upon an initial Maiden JORC Resource, a Pre-Feasibility Study, and a Final Investment Decision for both the Botswanan and Namibian licenses. Disclaimer*
About this update from Oscillate Plc
[{"type":"text","content":"\n\n \n \n\n\n\n\nOscillate PLC(\"Oscillate\" or the \"Company\")25 September 2025 Kalahari Copper Limited acquisition expanded to include prospective copper portfolio in NamibiaUpdated Heads of Terms Highlights\tRevised acquisition terms will see Oscillate acquire Kalahari Copper Limited's Namibian copper portfolio, as well as the Botswanan copper portfolio as previously announced \tOscillate to become one of the largest acreage holders in the Kaoko Basin in Namibia, which is the interpreted extension of the Central African Copper Belt\tRecent drilling campaigns in Namibia have confirmed multiple prospect finds with intersects of high-grade copper and silver mineralisation and a plethora of other exciting copper exploration opportunitiesNews AnnouncementOSCILLATE PLC, which is focused on building a mid-cap copper and future metals developer, is pleased to announce that it has agreed revised terms for the acquisition deal with Kalahari Copper Limited announced in July 2025. The Company has now entered into a new, non-binding Heads of Terms agreement to acquire the entire issued share capital of Kalahari Copper Limited (\"Kalahari Copper\").The updated terms, once met, will give Oscillate a pathway to obtain 100% ownership of Kalahari Copper's Namibian Copper Project, which comprises of four licences (of which two licences are in the process of being renewed) in the highly prospective Kaoko Basin, an emerging copper belt in Africa, as well as a pathway to obtain 100% ownership of Kalahari Copper's Botswanan Copper Project, which incorporates 17 highly prospective licences (which have been granted or which have been applied to be transferred to Kalahari Copper) in the Kalahari Copper Belt and the Bushman Lineament.Oscillate CEO, Robin Birchall, commented:\"The revised terms outline a deal which is a potential game-changer for Oscillate and which would be a major step forward in our strategy of building a leading mid-cap copper and future metals exploration and development company. As a result of this acquisition, we will be one of the largest landholders in two exciting areas for sedimentary hosted copper exploration, being the Kaoko Basin in Namibia and the Kalahari Copper Belt in Botswana. There are known mineral discoveries in both the Namibian and Botswanan licence areas. What makes the Namibian assets especially exc...