Announcement PDF ASX  ANNOUNCEMENT ASX:BML 12  OCTOBER  2017 ABN:   96  122  995  073 Issued  Capital: 1,824,315,814  ordinary  shares Directors: Mr  Patrick  Volpe  (Chairman) Mr  Steve  Groves  (Director/Geologist) Mr  Josh  Letcher  (Non-­‐executive) Mr  Ed  Bulseco  (Non-­‐executive) Registered  Office: Suite  506,  Level  5 1  Princess  Street,  Kew Victoria,  Australia,  3101 Contact: p:  +61  (3)  9855  1885 e:  info@botswanametals.com.au About  Botswana  Metals Botswana   Metals   is   exploring   for   nickel, copper,  cobalt,  tantalum  and  lithium  within  its ~1,500   square   kilometre   exploration   portfolio. These   “new   world”   metals   are   becoming increasingly  important  as  the  world  switches  to cleaner  sources  of  energy. The   company   announced   a   maiden   JORC th Inferred  Resource  of  2.38Mt  on  28  April  2015 from   drilling   within   a   small   185   square kilometre  section  of  its  exploration  portfolio  in which  it  had  entered  a  joint  venture  with  BCL. At   the   time   cobalt   was   not   included   in   the resource  calculation. Historical   drilling   outside   of   the   joint   venture ground  has  intercepted  further  nickel  as  well  as significant  intercepts  of  copper  and  cobalt. A   soil   sampling   program   detected   traces   of lithium   and   tantalum   which   warrant   further exploration. Large   tracts   of   BML’s   exploration   portfolio remain  unexplored. COMPANY  UPDATE  AND  SPP  CLEANSING  NOTICE   Drill  program The   drill   program   at   PL   111/94   announced   to   the   ASX   on   13   August   2017   is continuing.    Samples  from  the  first  8  holes  out  of  the  18  hole  program  have  been sent  to  SGS,  an  independent  laboratory  in  South  Africa,  for  analysis.    It  is  expected that  results  from  these  samples  will  be  received  by  the  end  of  October.    The  visual inspection   of   RC   percussion   drill   chips   has   confirmed   intersections   of   malachite and   chalcocite   for   potential   copper   and   silver   mineralisation   (refer   ASX announcement   released   on   18   September   2017).     The   SGS   laboratory   results should  confirm  the  extent  of  any  copper  and  other  mineralisation.    The  Company last  drilled  the  area  in  2011.    The  drill  program  will  be  completed  in  the  December quarter  and  all  further  results  received  by  the  end  of  the  December  quarter. Consultancy  agreement  –  Mr  P  J  Volpe Subject   to   the   passing   of   resolutions   at   the   Annual   General   Meeting   of   the Company  in  November  2017,  Mr  P  J  Volpe  will  resign  as  Executive  Chairman  of  the Company   and   from   the   Board   of   Directors   following   the   AGM   to   pursue   other exploration  ventures.    The  Company  will  retain  the  benefit  of  Mr  Volpe’s  expertise and   experience   by   engaging   him   as   a   consultant   directly   or   through   his consultancy   company   for   a   period   of   six   months   for   a   fee   of  $10,000   per   month (plus   GST).     In   addition,   subject   to   shareholder   approval,   the   Company   will   issue Mr   Volpe   or   his   consultancy   company   8M   options   (on   a   pre-­‐consolidated   basis) exercisable  at  $0.00125  (0.125  cents)  each  expiring  on  1  July  2021. Issue  of  options  subject  to  shareholder  approval The   Company   will   seek   shareholder   approval   at   the   Annual   General   Meeting   to issue   a   total   of   24M   options   (on   a   pre-­‐consolidated   basis)   to   Directors   (other   than Mr   P   J   Volpe)   and   10M   options   to   a   contractor   exercisable   at   $0.00125 (0.125  cents)  each  expiring  on  1  July  2021. Change  of  company  name Subject   to   shareholders   passing   the   required   special   resolution   at   the   Annual General  Meeting,  the  name  of  the  Company  will  be  changed  to  SIX  SIGMA  METALS LIMITED.    The  new  name  has  been  reserved  with  ASIC. Share  purchase  plan The   Company   refers   to   its   ASX   announcement   released   8   September   2017 regarding   the   Share   Purchase   Plan   (“SPP”)   to   be   offered   to   shareholders   with   a registered   address   in   Australia   or   New   Zealand.     The   SPP   enables   eligible shareholders   to   apply   for   new   fully   paid   ordinary   shares   at   an   issue   price   of $0.00082  (0.082  cents)  per  new  share.    The  offer  of  shares  under  the  SPP  will  be made   without   a   Prospectus   or   Disclosure   Document   in   reliance   on   ASIC   Class Order  [CO  09/425]. In   addition,   subject   to   shareholder   approval,   applicants   under   the   SPP   will   receive one  (1)  free  attaching  option  for  every  three  shares  subscribed,  with  an  exercise price  of  $0.00125  (0.125  cents)  and  an  expiry  date  of  1  July  2021.    If  shareholder approval  is  not  obtained,  no  options  will  be  issued  and  applicants  will  not  receive a   refund   of   any   of   their   application   money   nor   will   they   be   entitled   to   be   paid   any compensation   by   the   Company.     The   options   will   be   issued   under   a   Prospectus which  will  be  lodged  with  ASIC  and  ASX  in  due  course. The  Company  reserves  the  right  not  to  proceed  with  the  whole  or  part  of  the   SPP at  any  time  prior  to  the  issue  of  the   new  shares  and,  if  the   SPP  does  not  proceed, application  monies  will  be  refunded  in  full  without  interest. Cleansing  Notice Notice  is  given  under  paragraph  7(f)(ii)  of  ASIC  Class  Order  [CO  09/425]  that: (a) the   Company   will   make   offers   to   issue   shares   under   a   Share   Purchase   Plan without  disclosure  to  investors  under  Part  6D.2  of  the  Corporations  Act  2001 (“the  Act”);  and (b) this  notice  is  given  in  accordance  with  ASIC  Class  Order  [CO  09/425];  and (c) as  at  the  date  of  this  notice,  the  Company  has  complied  with:   (i) the   provisions   of   Chapter   2M   of   the   Act   as   they   apply   to   the   Company; and (ii) Section  674  of  the  Act;  and (d) as  at  the  date  of  this  notice,  there  is  no  excluded  information  (in  accordance with   the   requirements   of   subsections   708A(7)   and   (8)   of   the   Act)   as   if   this notice  were  a  notice  under  paragraph  708A(5)(e)  of  the  Act. Mr  Patrick  Volpe Chairman Competent  Person The  information  in  this  report  that  relates  to  Exploration  Results  is  based  on,  and fairly   represents,   information   and   supporting   documentation   compiled   by   BML staff  on  site  and  provided  to  Mr  Steve  Groves  who  is  a  Member  of  The  Australian Institute  of  Geoscientists.  Mr  Groves  is  Director  of,  and  a  consulting  geologist  to BML  and  has  previously  been  employed  as  the  Exploration  Manager  at  BML.    Mr Groves   has   sufficient   experience   which   is   relevant   to   the   style   of   mineralisation and   type   of   deposit   under   consideration   and   to   the   activity   which   he   is undertaking   to   qualify   as   a   Competent   Person   as   defined   in   the   2012   edition   of the   “Australasian   Code   for   Reporting   of   Exploration   Results,   Mineral   Resources and   Ore   Reserves”.     Mr   Groves   consents   to   the   inclusion   in   this   report   of   the matters  based  on  his  information  in  the  form  and  context  in  which  it  appears.