A-Cap Resources Ltd has one of the largest uranium deposits in the world, with distinct comparative advantages in terms of process design and infrastructure, and its location in one of the best mining investment environments in the world.
A-Cap’s key objective is to move the uranium project towards development and production and in doing so release for shareholders the substantial latent value underlying this massive uranium asset. A-Cap will achieve this by positioning the company technically to reduce operational risk, engage with long term buyers, and meet with like-minded individuals and entities to secure future funding, enabling A-Cap to be a ‘first mover’ in the predicated rising uranium market.
The Environmental Impact Statement (EIS) has been assessed by the Department of Environmental Affairs. Following public consultation, the EIS was approved on 13 May 2016. A mining licence application was submitted on 18 August 2015 and subsequently granted by the Botswana Department of Mines on 12 September 2016, valid for 22 years. The aim is to prepare the project for early development to enable the company to fully capitalise on an expected recovery in the uranium price.
The Company’s planned activities for the 2016 financial year will focus on the planning, approvals and development of the Letlhakane Uranium Project. Non-core Company assets comprising coal assets and Duke Royalty Limited investment will be subject to a board directed review to consider options to release value and monetise these assets through joint venture participation, corporate re-organisation and assets sale.
This strategy has the full endorsement of major shareholders who continue to provide financial support for project development.
3m Column Testing at Ansto
ML application Area