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A-Cap Resources Ltd

A-Cap Resources' Mea coal project in Botswana given thumbs up by Sedgman

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A-CAP Resources (ASX:ACB) has revealed positive results for its Mea coal project in Botswana from an independent study conducted by Sedgman (ASX:SDG).

The study indicates that the Mea Coal Project is robust, and Sedgman, which was commissioned to assess project development potential, has recommended that it be progressed to definitive feasibility stage.

Coal at Mea exists in multiple seams, ranging from high quality domestic thermal coal, export quality coal and possibly material suitable for metallurgical applications.

The project is situated just 5 kilometres north of the A30 highway, complemented by all-weather roads and grid power lines passing through the prospect area.

A rail spur to Sua Pan also passes just north of the project.

From initial drilling results it became clear that the Mea coal project had distinct advantages because the quality of the coal is superior to many other deposits in Botswana.

Results have shown that there is a significant resource of export quality coal and high quality feed for domestic use, and previous test work shows potential for PCI coal, adding further value to the discovery.

A-Cap is now assessing options to advance Mea to feasibility and production.

In parallel, A-Cap is continuing further coal evaluation programs at the Bolau and Foley projects surrounding African Energy's (ASX:AFR) 2.5 billion tonne Sese coal project.

 

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Price: $0.03

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Market Cap: $24.41 m
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