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Additional Information

Market:	ASX
Sector:	General Mining
EPIC:	ACB
Latest Price:	0.26 (0.00%)
52-week High:	0.74
52-week Low:	0.17
Market Cap:	52.03M

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A-Cap Resources

A-Cap Resources (ASX: ACB) has a position as Botswana's preeminent uranium exploration company, progressing the Letlhakane Uranium Project through Environmental Impact Assessment and Bankable Feasibility Study - both due for completion in 2010.

The company is continuing resource expansion exploration programs at Letlhakane and Serule. A-Cap is aiming to become Botswana’s first uranium producer.

A-Cap Resources expands drilling at Letlhakane uranium project in Botswana

Monday, September 28, 2009

Uranium developer A-Cap Resources (ASX: ACB) has reported that drilling and sampling for metallurgical testwork will be used in the Bankable Feasibility Study at Letlhakane uranium project in Botswana is complete.

Investors may recall that A-Cap raised $10 million in May to complete of a BFS and for further exploration to increase the uranium resource base.

Current inferred resources at Letlhakane is 280 Million tonnes at a grade of 158ppm U3O8 for 98 million pounds of U3O8 (44,500 tonnes) a cut off grade of 100ppm.

Andrew Tunks managing director of A-Cap said the company encountered significant thicknesses and grades of uranium mineralisation were encountered at Gorgon and Kraken targets during resource infill drilling.

The company is drilling for extensions outside the resource area at five exploration targets to explore for new areas of mineralisation.

The final round of metallurgical drilling and sampling for the BFS is now complete, 6 diamond holes to collect sufficient material for the variability testwork on the primary ore remain to be completed.

Sampling from the large scale trenching has also been completed and samples will be sent to SGS laboratories in Perth by the end of September.

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