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A-Cap Resources Ltd

A-Cap Resources defines maiden coal Resource at Botswana uranium project

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A-CAP Resources (ASX: ACB) has defined a JORC Resource of 107 million tonnes of coal from recent drilling at its flagship Letlhakane Uranium Project in Botswana.

The coal occurs in seams from surface to a depth of 84 metres and is suitable for domestic power station feed with beneficiation.

It also follows the discovery and delineation of major coal resources at the company’s Mea and Bolau projects, which are currently being evaluated for commercial development.

A-Cap said the resource had the potential to add significant value to Letlhakane, with synergies between mining the coal and uranium ore concurrently under investigation.

Further evaluation work on the resource, its quality and development options underway.

The Letlhakane coal Resource was estimated by Geological and Mining Services Australia, which used geological, coal quality and geophysical data obtained from previous exploration programs as well as the results of recent drilling carried out by the company.

A-Cap also cleaned-out, deepened and geophysically log a selected number of existing drillholes and drill five additional non-cored drill holes to assist in identifying the stratigraphy.

Another two open holes were drilled to confirm correlations between previously widely spaced points of observation and two cored holes for coal quality sampling.

The company is also continuing evaluation of its coal discoveries at Mea and Bolau.

Drilling at Mea had identified some of the highest quality coal discovered in the Botswana with the current Resource standing at 335Mt of coal, of which at least 95Mt is near surface, export quality coal after washing.

Recent test work has indicated that a low ash, high energy PCI coal product can be produced when selected seams are washed at low densities

Upside is also present as just a fraction of the tenure has been drilled to date.

The coal at Bolau is next to and covering the up and down dip extension of the 2.5 billion tonne Sese Coal Project owned by African Energy.

The coal is interpreted to be sub bitumous thermal coal with potential for both local markets and export abroad. Potential at Bolau exists for a resource of similar size to the Sese Coal Project, and work is continuing on further evaluating this asset.

 

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Quick facts: A-Cap Resources Ltd

Price: $0.03

Market: ASX
Market Cap: $24.41 m
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