A-CAP ENERGY LIMITED
A-Cap Energy (ASX: ACB) is a minerals exploration and development company focused on the development of “new energy” projects including our flagship Letlhakane Uranium Project in Botswana, host to one of the world’s top 10 uranium deposits.
LETLHAKANE URANIUM PROJECT
The Letlhakane Uranium Project in Botswana is one of the world’s largest undeveloped Uranium Deposits. The project has a total JORC resource of 822 million tonnes (Mt) @ 202ppm for 365.7Mt of U3O8 y.
An Environmental Impact Statement was formally approved by the DEA on the 13 May 2016. Following this, provisional surface rights were granted on the 6 June 2016 over the 144km2 area covering Letlhakane. Finally, on the 8 September 2016, A-Cap received formal confirmation from the Botswana Department of Mines that the Company’s application for a mining licence for the Letlhakane Project (PL045/2004) was approved. Planning for drilling and metallurgical testwork that was suspended back in 2018 is now progressing to further the positive project value-adding results.
Diversified Minerals Strategy
The Board’s diversified minerals strategy is focussed on the significant growth expectation in the supply of battery materials to the OEM automotive and battery industries. The Wilconi Project represents the Company’s first nickel-cobalt laterite project interest. The Company is committed to becoming a relevant supplier to the OEM automotive and battery industries.
The Company aims to establish key strategic and commercial relationships to take advantage of new materials processing and refinery technologies, particularly in production of cobalt and nickel sulphates products used directly in battery manufacture.