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African Energy Resources Limited (AFR)
is a publicly listed company on the Australian Securities Exchange (ASX).


General Overview

About African Energy Resources Limited

The company is focused on the development of multiple integrated power projects in Botswana to meet the increasing demand for power in the southern African region

Independent power producers like AFR are necessary to provide generation capacity to meet the current substantial supply deficits in the region and the forecast escalating demand.

The company has completed a Joint Venture Agreement with First Quantum Minerals Ltd to jointly develop power generation capacity at the Sese coal project. Sese is located in close to existing transmission infrastructure and can supply power anywhere into the southern Africa region by virtue of its central location.

The company is also finalizing a development partner for its Mmamantswe coal project located on the border with South Africa. This project is designated for future power supply into South Africa as part of the Independent power procurement plan recently initiated by the Govt of South Africa.


Sese Integrated Power Project

Sese integrated power project comprises a power station complex with its own captive coal mine. The Sese coal licence contains 5 billion tonnes of low strip ratio coal providing significant potential for expansion of generation capacity.

The initial development concept is centered on an initial 300MW power station (2 x 150MW CFB boilers) with a captive 1.5Mtpa coal mine. Additional 300MW developments are proposed as capacity is contracted.

Recently a Joint Venture Agreement was executed with First Quantum Minerals to develop power generation capacity at Sese. This agreement provides the company with a development partner with a strong track record in developing large-scale capital projects. It also provides a sound financial partner who is responsible for providing the necessary funding for the project development. For more details on the agreement refer to the Sese - Joint Venture Agreement page.

Mmamantswe Power Project

  • The 1.25 billion tonne Mmamantswe coal project is only 20km from the international border with South Africa and is close to the regional power transmission grid
  • Mmamantswe has an approved Environmental Impact Assessment for up to 10Mtpa coal mining and up to 2,000MW of power generation
  • Mmamantswe also has an 8GL/a registered water well-field at Artesia which could provide enough water for such a project
  • Technical studies have demonstrated the suitability of Mmamantswe coal for processing into a power station fuel similar to that used in the adjacent Waterburg coalfield in South Africa
  • South Africa recently requested registrations for its 2,500MW coal baseload independent power project procurement programme, which is open to cross-border projects
  • The Company has registered a 600MW power project at Mmamantswe into this programme and is finalizing the selection of a development partner

Mmamabula West Project

  • The 2.4 billion tonne Mmamabula West export coal project was acquired in late 2013 on the basis of its large size and export quality coal
  • Mmamabula West comprises two 4m to 6m thick coal seams, with the upper K-Seam averaging 105m depth below surface, and the lower A-seam 130m depth
  • A Prefeasibility Study for an underground mine based on a 200Mt portion of the A-Seam within the Indicated Resource has been completed
  • The study evaluated a 4.4Mtpa ROM operation producing up to 3Mtpa of 6,200kcal/kg export coal over a 20-year mine life
  • The study envisaged industry standard bord-and-pillar extraction of the best quality section of the A-Seam using a fleet of up to five continuous miner sections with conventional coal processing by dense media separation
  • Initial capital cost estimate of U$113M for an owner operated mine and processing plant, and an estimated ROM operating cost of U$17/t

Zambian Uranium Projects

In spite of the focus on coal in Botswana, the Company has made significant progress with its uranium projects in Zambia. In early 2011 the Company completed an all cash transaction to buy Albidon’s remaining equity stake in the Chirundu and Kariba Valley joint venture project tenements, resulting in African Energy reaching 100% ownership of these tenements and thereby increasing its attributable uranium inventory to 11.1 Mlb U3O8 in Measured, Indicated and Inferred Resources.

At Chirundu, collection of data for environmental studies continued during the year to establish baseline levels of dust, noise, radon gas, sulphur dioxide, nitrogen dioxide and trace elements in soils, wells, streams and rivers in the region and communities around the Njame and Gwabe uranium deposits. This programme, including all data collection and data management, is managed by external consultants, thus ensuring independent verification of the baseline data should it be required. The Company further demonstrated its commitment to the local communities by funding and supervising the construction of a health post at Sikoongo village, near the Njame deposit.

The Company has also made an exciting new uranium discovery at the Sitwe North prospect. This uranium prospect occurs within the Company’s 100% owned Northern Luangwa Valley project in northern Zambia, and was identified through an airborne radiometric survey that highlighted anomalous uranium responses interpreted to be associated with Karoo-age sedimentary rocks.

The Sitwe North prospect is hosted by strongly sheared feldspathic basement rocks close to an unconformity with the younger sediments of the Karoo Supergroup. Drilling has identified steeply dipping zones of uranium mineralisation of 2-10m true width in these sheared basement rocks, a style of mineralisation not previously encountered by African Energy. A small programme of seven RC percussion holes for 458m was completed at the Sitwe North prospect in late 2010, with best results including 6m@ 735 ppm U3O8, 5m @ 651 ppm U3O8 and 10m @ 458 ppm U3O8. The mineralisation occurs in multiple horizons and is open in all directions. Further work is required to determine the significance of this discovery.

Contact Info

African Energy Resources Limited

Suite 1
245 Churchill Avenue
Subiaco , WA
AU Australia, 6008

Phone: +61 8 6465 5500
Fax: +61 8 6465 5599

Click here to view the interactive map
African Energy Resources Limited Google Map
African Energy Resources Limited Google Map

Share Registry

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Phone: +61 2 8280 7100
Fax: N/A

Level 12
680 George Street
Sydney, NSW
AU Australia, 2000

Important Information

The General Overview, Services, Products and Projects information for this profile was last edited on 17 Jun 2016.

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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