logo-loader
viewA-Cap Resources Ltd

A-Cap Resources Ltd gains environmental approval for Letlhakane Uranium Project

au_southern_africa__358_x_266_573c0b87d191b.jpg

Cashed up A-CAP Resources Ltd (ASX:ACB) has received environmental approval from the Botswana Department of Environment Affairs for the Letlhakane Uranium Project in Botswana.

This is a major milestone for A-Cap with the EIS approval being an important requirement in securing a mining licence.

The Letlhakane Uranium Project ranks in the top ten of undeveloped uranium deposits globally, with a resource of 365 million pounds of uranium.

A study projected the project would generate a pre-tax net present value of US$383 million based on a 3 million tonne per annum U3O8 mining operation.

Inital Capex was projected at US$350 million while Opex was forecast at US$35 a pound for the first five years.

A-Cap recently completed a non-renounceable entitlement offer raising $5 million.

After paying down debt, A-Cap had $4.8 million in cash at the end of the March quarter.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

Quick facts: A-Cap Resources Ltd

Price: 0.009 AUD

ASX:ACB
Market: ASX
Market Cap: $7.85 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Full interview: Fertoz continues to plan for the future despite extremely...

Fertoz Ltd (ASX: FTZ) Executive Chairman Patrick Avery joined Steve Darling from Proactive Vancouver on Skype to discuss what has been a very tough weather year for the company. Even with that, Avery says the company has been very busy this year signing a number of distribution...

3 days, 14 hours ago

2 min read