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A-CAP RESOURCES LIMITED - ASX: ACB
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Description
A-Cap Resources Limited is an ASX listed (code: ACB) uranium exploration company which holds ten prospecting licences covering a total area of over 7,000km² in Botswana. A-cap is the first company to produce a JORC compliant uranium resource in Botswana which currently stands at 158 Mlbs U3O8 (463Mt @ 154 ppm).
* Maintain A-Cap’s position as Botswana preeminent uranium exploration company
* Capitalise on its first mover advantage through aggressive ’in-ground‘ uranium exploration
* Progress the Letlhakane Uranium Project through Environmental Impact Assessment and Bankable Feasibility Study (‘BFS’) - both due for completion in 2010
* Continue resource expansion exploration programs at Letlhakane and Serule
* Maintain and grow its extensive exploration uranium portfolio in Botswana
* Become Botswana’s first Uranium Producer
In November 2009 A-Cap announced significant upgrades to its global resource base at the Letlhakane and Serule Projects.
* At a 100ppm U3O8 cut off the Global Resource has grown from 98Mlbs to 158Mlb of U3O8, an increase of 59%
* Letlhakane – total resource is now at 344 Mt @160ppm for 116Mlbs of U3O8
* Infill drilling conducted during 2009 at Letlhakane within the previous resource area has resulted in a reclassification of 50Mlbs of contained U3O8 into the Indicated Resource category
* Serule - initial resource contains 42Mlbs U3O8 in the Inferred category
* The new resource has been classified along geological and metallurgical domaining criteria into secondary, oxide and primary ore types
* The secondary mineralisation at Mokobaesi, within the Letlhakane Project, now stands at 11.3Mt @ + 199 ppm for 4.9 M Lbs U3O8 Indicated Resource
* The current BFS ongoing at Letlhakane focuses on the secondary and oxide domains which collectively contain 30M lbs U3O8
Mine For
uranium
Location of operation(s)
Botswana
Address
Level 36, Exchange Plaza, 2 The Esplanade
PERTH, WA, AUSTRALIA
Phone
(03) 9813 3228
Website
Last Updated
27/04/2011
The data on Australian Shares.com is intended as a guide only and is provided purely as an indication of what information can be found through official announcements. Data on this website should not be used to make an investment or trading decision. All information should be carefully cross-checked against official sources for accuracy. The publisher (Intaanetto Pty Ltd) will not be held liable for any loss arising from the use of this website.
