Letlhakane

A-Cap is firmly focused on transitioning from an explorer to producer and believes that it is well placed to do so at the Letlhakane Uranium Project.

Letlhakane is one of the largest undeveloped uranium deposits in the world standing at 350 Mlbs and contains all of the Key Ingredients for a Successful Project :

Resource Size – One of the world’s largest undeveloped uranium deposits and still growing
Stable and Safe Jurisdiction – Botswana ranks No 1 as the most politically stable country in Africa
Infrastructure – Power, road, rail and water readily available
Technical (Mining and Metallurgy) – Low-cost mining, soft ore near surface, low cost heap leach acid processing, proven technology
Road to production clearly understood
Quality Management – First class technical management team with proven track record in mineral processing and project development in Africa
Development Potential – Of the world’s top 10 undeveloped uranium projects

A-Cap Resources Limited has just announced a major upgrade of the uranium resource at its Letlhakane Project in Botswana. The increase in grade of Inferred Resources with significant new high grade resource 83.7Mt at  447ppm U3O8 for a contained 82.5Mlbs of U3O8
The new mineral resource estimates at various cut off grades between 100ppm and 300ppm is as follows: 

Cut-off (U3O8 ppm) Total Indicated Total Inferred Global Total
Mt U3O8 (ppm) Contained U3O8 (Mlbs) Mt U3O8 (ppm) Contained U3O8 (Mlbs) Mt U3O8 (ppm) Contained U3O8 (Mlbs)
100 131.9 198 57.5 530.5 215 250.9 662.4 211 308.1
200 49.4 269 29.4 198.6 319 139.7 248.1 309 168.9
250 23.4 322 16.6 114.9 390 98.7 138.3 378 115.2
300 11.3 376 9.4 72.4 458 73.2 83.7 447 82.5