Proactive Investors - Run By Investors For Investors

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

View full ACB profile View Profile

A-Cap Resources Ltd Timeline

Newswire
June 20 2016

Related Articles

1547726049_zinc-periodic-3.jpg
January 17 2019
Constantine Metals has a broad portfolio of assets in Alaska and Ontario
King Island off the state of Tasmania hosts the old Dolphin tungsten mine
April 08 2019
The company today unveiled a production offtake agreement with a Sandvik-owned tungsten supplier.
South America's prospective lithium triangle extends upwards from Argentina, across Chile and to Bolivia
February 01 2019
Galan is named for the Cerro Galán volcano system near its Argentinian ground.

© Proactive Investors 2019

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use