LSE-listed Unicorn Mineral Resources has agreed to acquire a 75% interest in Q Global Copper Namibia, gaining exposure to the historic Klein Aub copper mine.

The formal share purchase agreement covers two prospecting licences spanning 6,536 ha in Namibia's Kalahari Belt and marks a planned shift by Unicorn from exploration towards near-term copper production, Creamer Media reported on September 15, 2026.

The Klein Aub project has an estimated 5.5-million tonnes of historical surface tailings grading 0.24% copper and 7.4 g/t silver, alongside about 100,000 t of surface slimes estimated at 1.34% copper and 33.55 g/t silver.

Unicorn said the existing surface material could shorten processing timelines and reduce capital requirements compared with developing a new greenfield operation.

Chairperson Paddy Doherty described the acquisition as a significant change in the company's strategy, with Unicorn planning to advance a bankable feasibility study and move the project towards production over the next 12 months.

“The acquisition of the Klein Aub copper mine represents a strategic inflection point for Unicorn. Over recent months, our board and executive team have focused on identifying high-impact assets that can rapidly transform our business profile. We are entering the copper market at a favourable time, as demand driven by global electrification continues to grow,” Doherty said.

He said the company would focus on advancing Klein Aub using its surface resources and processing potential.

The project is also positioned within a copper market shaped by growing demand linked to electrification, grid development and clean-technology expansion, while new greenfield mines can require lengthy development periods.

Unicorn said the acquisition also benefits from Namibia's established mining infrastructure, power availability and regulatory environment.

The company intends to use the Klein Aub project to establish a direct copper production platform while progressing its feasibility work over the coming year.