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A-Cap Resources Ltd

A-Cap Resources has one of world's largest undeveloped uranium deposits, to reveal mining licence details

The halt will remain in place until Monday 25th September 2017.

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The company's shares are in pre-open

A-Cap Resources Ltd (ASX:ACB) has been granted a trading halt by the ASX, pending details in relation to the company’s mining licence for the Letlhakane Uranium Project (ML2016/16L).

The project is one of the world’s largest undeveloped uranium deposits, and lies adjacent to Botswana’s main North-South infrastructure corridor that includes a sealed all-weather highway, railway line and the national power grid.

A year ago A-Cap was granted a mining license which is valid for 22 years.

The licence was granted on the basis of the results of an Environmental Impact Statement and technical study based on shallow open pit mining and heap leach processing to produce up to 3.75 million pounds of uranium per annum over a mine life of 18 years.

The halt will remain in place until the opening of trade on Monday 25th September 2017, or earlier if an announcement is made to the market.

Quick facts: A-Cap Resources Ltd

Price: $0.03

Market: ASX
Market Cap: $24.41 m
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