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Additional Information

Market:	ASX
Sector:	General Mining
EPIC:	AFR
Latest Price:	0.18 (5.88% )
52-week High:	0.79
52-week Low:	0.17
Market Cap:	58.84M

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African Energy Resources Full African Energy Resources profile here

African Energy (ASX:AFR) owns 100% of the Sese Coal and Power Project in northerm Botswana which has a defined near-surface coal deposit containing indicated resources in excess of 2.5 billion tonnes. The entire resource is amenable to low-cost open pit mining and can produce large tonnages of both domestic power station fuel amd washed coal for regional and export sales.

African Energy has high hopes to increase uranium resource at Chirundu

Friday, September 11, 2009

Southern African uranium explorer African Energy Resources (ASX: AFR) has commenced drilling at Njame South prospect, part of Chirundu Joint Venture project in Zambia.

Investors may recall that the Chirundu uranium project, JV with Albidon (ASX: ALB) has a total resource 7.4 Mlb U3O8 at an average grade of 293 ppm U3O8.

African Energy will drill 60 holes at Njame South, targeting a ground radiometric anomaly which was previously
drilled and found to contain uranium mineralisation by AGIP in the early 1980’s.

Charles Tabeart managing director of African Energy said this drilling program, plus programs at nearby Siamboka prospect, Gwabe South and Namakande, are aimed at adding additional resources to increase proposed uranium mine life at Chirundu.

Current mine life is 5-6 years.

Assay results from these programmes are expected to be received from late October onwards.

African Energy holds a 70% interest in Chirundu. The company recently raised $4 million for drilling

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