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  • African Energy, First Quantum advance Botswana coal/power project 2016-07-26
    ASX-listed African Energy Resources (AFR) is looking to update its mining study to meet the requirements of fuel delivery for a 450 MW integrated coal and power project, up from the 300 MW it had initially planned for its Botswana-based Sese project. The update forms part of the work programmes AFR will embark on, following a A$3-million commitment from its joint venture (JV) partner, Canada’s First Quantum Minerals.
  • ASX: Sese JV Commits to Major Work Programme 2016-07-25
  • ASX: Approval of Surface Rights - Letlhakane Uranium Project 2016-06-15
  • A-Cap Resources Ltd gains environmental approval for Letlhakane Uranium Project 2016-05-19

    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.

  • Botswana grants A-Cap environmental approval for uranium mine 2016-05-18
    The Botswana government has approved the environmental-impact statement of the Letlhakane project, Australian developer A-Cap announced on Wednesday. The approval was an important requirement for securing a mining licence for what would be Botswana’s first uranium mine. A-Cap submitted an application for a mining licence in August last year.

Mabesekwa Information

  • General 2015-05-10
    Acquired by Shumba Coal in Feb 2015.

Related News

  • Shumba sees potential to supply energy to South Africa 2016-03-16
    Botswana-listed Shumba Energy believes two of its advanced baseload coal-fired energy projects could supply electricity to South Africa. South Africa is, through its coal baseload independent power producer (IPP) programme, seeking to procure energy from both domestic IPPs, as well as through cross-border procurement.

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