The company did a "tremendous deal" in late January to earn up to 75% of the dormant project, 75km from Sandfire Resources' DeGrussa copper-gold mine.

Kopore has to spend at least A$250,000 this year and can earn 75% by spending $3 million.

"It's effectively a $250,000 option," Kopore managing director Simon Jackson told the Resources Roadhouse Investor Afternoon yesterday.

"It seems like a bit of a free kick to us."

Southern Geoscience has re-evaluated and re-processed gravity and magnetic survey data completed between 2005 and 2011.

Kopore will carry out a geochemical survey and new-generation ground and airborne magnetics.

Permitting is underway for a drilling program.

The targeted areas have undergone almost no previous exploration.

Jackson said the project was a "double whammy", being prospective for volcanogenic massive sulphide deposits and gold.

"The real goal is to look for VMS," he said.

Kopore secured the project after its work in Botswana was impacted due to COVID-19.

The company has an extensive landholding on the Kalahari Copper Belt, which Jackson described as a hot part of the copper world.

Drilling is planned at the Virgo project, northeast and along strike from Sandfire's T3 development, after approval was granted in January.

Jackson said now was the right time to be exploring for copper.

"We're at the start of a copper supercycle," he said.

"We're right at the start of the curve here. No one has missed the boat. There's plenty of copper to come.

"Kopore couldn't be more leveraged to copper."

Shares in Kopore were up 5.5% to 1.9c, valuing the company at $11.6 million.