A new stage of exploration is underway in Botswana. We've started a high-resolution drone magnetic survey over our two highest-priority licences in the Kalahari Copper Belt, PL0199/2025 and PL0157/2024, marking the first field programme to come out of our AI collaboration with Lithosquare.

The survey works by flying drones close to the ground to map subtle geological structures hidden beneath the Kalahari sand cover, structures that conventional regional surveys can't pick up. Once collected, this data feeds into Lithosquare's AI platform alongside our existing geological and satellite datasets, with the aim of ranking drill targets by confidence level.

This follows the same approach we've applied in Morocco, where AI-assisted analysis at Agdz East has already identified multiple targets linked to large fault corridors. We're now running the same process in Botswana, one of the world's emerging copper districts, with the goal of moving our strongest targets towards drill-ready status.

On a related note, soil sampling on a separate licence, PL2622/2023, didn't turn up anomalies significant enough to justify immediate follow-up. We've put further work there on hold so we can concentrate resources on the two priority licences, though we'll keep reviewing it as future regional data comes in.

This is still early-stage exploration work, well ahead of any drilling decision, and we'll update shareholders as the survey and interpretation progress.