Sandfire Resources (ASX:SFR) announced that it has secured an extension for the mining licence of Motheo Copper Mine.

The submission for extension has been greenlit by the Botswana Department of Mines.

The mining company also stated that the development and mining of the A4 deposit are expected to start in the September quarter of the financial year 2024.

Moreover, Sandfire Resources (ASX:SFR) shared plans for an expansion project aiming to increase the processing capacity from the current rate of 3.2MTPA to 5.2MTPA by the end of December quarter of the fiscal year 2024.

Sandfire Resources is a mining and exploration company primarily focused on copper, gold and silver deposits in Australia and Botswana.