Letlhakane – Coal

Through its ongoing uranium exploration at Letlhakane, A-Cap has identified significant coal measures above and below the uranium horizons.

In May 2013, A-Cap defined a JORC compliant Mineral Resource of 107 million tonnes of coal at Letlhakane.

RESOURCE HIGHLIGHTS:

Letlhakane Coal pic

  • Coal suitable for domestic power station feed with beneficiation
  • Coal seams from surface to a depth of 84 metres
  • Potential to add significant value to Letlhakane with synergies between mining the coal and uranium ore concurrently under investigation
  • Coal in close proximity to road, rail, power and no settlements within the resource area
  • Further evaluation work on the resource, its quality and development, currently underway

A-Cap believes there is strong potential for this coal resource to improve the mining economics of the uranium resource, which is currently undergoing feasibility studies.

The Company is continuing further coal evaluation programmes at its Mea and Bolau Projects which surround African Energy’s Sese Coal Project.  Letlhakane CoalCOMPETENT PERSON’S STATEMENT

Information in this report relating to Coal Exploration results, is based on information compiled by Mr Steven Groves a previous employee of A-Cap Resources Limited and a member of The Australian Institute of Geoscientists) and Mr Darryl Stevenson (Consulting Coal Geologist to A-Cap Resources). Mr Stevenson has sufficient experience that 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 under the 2004 Edition of the Australasian Code for reporting of Exploration Results, Mineral Resources. Mr Stevenson consents to the inclusion of the data in the form and context in which it appears.