Targeting multi-commodity energy production in Botswana
A-Cap Resources Limited is an ASX listed (ASX/BSE: ACB) exploration Company that focuses on the investment friendly country of Botswana in Southern Africa, where it holds over 3,600km² of exploration licenses.
The Company is actively focused on advancing its impressive multi-commodity energy portfolio of projects which consists of:
- Letlhakane Uranium and Coal Project
- Mea Coal Project
- Bolau Coal Project
A-Cap was the first company to produce a JORC compliant uranium resource in Botswana with the 100% owned Letlhakane Uranium Project’s current JORC compliant resource standing at 351 Mlbs U₃O₈ (at a 100ppm cut-off).
Within this global resource, a higher-grade resource has been defined of 143.2 Mt at 284ppm U₃O₈ for a contained 89.7 Mlbs U₃O₈. This resource positions Letlhakane within the top ten undeveloped uranium deposits in the world.
A-Cap is in the process of completing a Bankable Feasibility Study at Letlhakane, which is on target to be completed in 2014, with first production anticipated 2015.
In addition, the Company has announced a JORC compliant coal resource of 107 million tonnes at Letlhakane. This resource has the potential to add significant value to Letlhakane with synergies between mining the coal and uranium ore concurrently under investigation.
The Mea Coal Project contains a JORC compliant mineral resource of 335 million tones coal, with an initial 95 million tonnes of export quality coal calorific values of 26.43 Mj/kg (3,313 cal/kg).
The Bolau Project is interpreted as the up and down dip extensions of African Energy Resources’ Sese Coal Project (JORC compliant Indicated Mineral Resource of 2.5 Bt), which extends directly onto A-cap’s ground. Bolau has been interpreted as sub-bitumous thermal coal with potential to produce both domestic and export quality products.