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A-Cap Resources Limited (ACB)
is a publicly listed company on the Australian Securities Exchange (ASX).


{{businessSummary}}

General Overview

About A-Cap

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A-Cap Resources Limited is an ASX and Botswana listed (ASX: ACB, BSE: A-CAP) resources company operating in the investment friendly and low sovereign risk country of Botswana in Southern Africa, where it holds over 12,000km2 of licenses.

The company is well funded with strong support from major shareholders, and is focused on advancing its significant uranium prospect. It also has coal resources and Greenfield base metals exploration tenements.


Projects

Letlhakane Uranium Project

Letlhakane is one of the world’s largest undeveloped uranium deposits with a JORC resource of 365.7 million pounds U3O8 with high grade resource of 103.8Mt at 450ppm U3O8.

The project has the distinct advantage of having all the major infrastructure in place and is one of the only major undeveloped uranium projects in the world capable of being in production in 2 years at a low capital cost and competitive operating costs in a safe and stable jurisdiction following a board decision to mine.

A mining licence application over the Letlhakane Uranium deposit was submitted on 18 August 2015 and was granted on 12 September 2016 by the Botswana Department of Mines. An Environmental Impact Statement was submitted to the DEA on 24 April 2015, subsequently approved on 13 May 2016.

Considerable RC and Diamond drilling totalling over 149,000m has been completed over the project area. The shallow mineralisation has been evaluated in the technical study with the project economics indicating a low capex operation. Opex is comparable to similar projects and the project can provide a positive NPV and IRR. The operation is based on low risk, shallow open pit mining and heap leach processing aiming to produce ~3 million pounds of uranium per annum over a project life in excess of 18 years.

The overriding strategy is to prepare the project for early development to enable the company to fully capitalise on an expected recovery in the uranium price.

Mea Coal Project

The Mea coal deposit is located approximately 120km west of Francistown on PL134/2005. The deposit is located within the southern half of PL134/2005 and is hosted in Lower Ecca Group sediments of the Karoo Supergroup.

Non-core Company assets comprising coal assets will be the subject to a board directed review to consider options to release value and monetise these assets through joint venture participation, corporate re-organisation and assets sale. A Cap is actively engaging third parties on potential development options to progress the project.

Foley Project

Non-core Company assets comprising coal assets will be the subject to a board directed review to consider options to release value and monetise these assets through joint venture participation, corporate re-organisation and assets sale. A Cap is actively engaging third parties on potential development options to progress the project.



Contact Info

A-Cap Resources Limited

Level 38
123 Eagle Street
Brisbane, QLD
AU Australia, 4000

Phone: +61 8 9467 2612
Fax: +61 8 7200 7612
Email: info@a-cap.com.au
Website: http://www.a-cap.com.au

Click here to view the interactive map
A-Cap Resources Limited Google Map
A-Cap Resources Limited Google Map

Share Registry

Advanced Share Registry Services - Click here to view share registry profile

Phone: +61 8 9389 8033
Fax: +61 8 9262 3723
Email: admin@advancedshare.com.au
Website: http://www.advancedshare.com.au/

110 Stirling Highway
Nedlands, WA
AU Australia, 6009


Important Information

The General Overview, Services, Products and Projects information for this profile was last edited on 24 Oct 2017.

All Financial Data is provided "as is" for informational purposes only, not intended for trading purposes or advice. Neither Share Prices nor any independent data provider is liable for any informational errors, omissions or other defects, incompleteness, or delays, or for any actions taken in reliance on Financial Data.

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