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Friday, 25 January 13
BOTSWANA GOVERNMENT GRANTS COAL LICENSES TO A-CAP RESOURCES LIMITED


A-Cap Resources Limited has announced that it has been granted coal rights within its Bolau tenements which sit next to the Sese Coal and Power Project owned by African Energy Resources and located immediately north of the Letlhakane Project in Botswana.

The thermal coal horizons within A-Cap’s Bolau tenements are interpreted to be the up and down dip extension of the adjacent Sese Coal Project which contains over 2.5 billion tonnes of thermal coal.  Initial drilling by Acap has discovered coal in seams of comparable thickness and quality to the Sese coal deposit, according to company’s press release. 

A-Cap now has another major coal project next to its Letlhakane Uranium Project.  This, together with the Mea Coal Discovery which has been made to the north east of Letlhakane makes A-Cap a major player in the coal business in Botswana.

The granting of coal licences at Bolau follows the approval by the Botswana Government to the renewal of the Bolau Discovery Licences PL138/2005 and PL125/2009 and the amendment to those tenements to include the rights to coal as well as uranium rights already held by A-Cap.

A-Cap CEO Paul Thomson commented: “The approval of the amendment to include coal is a major milestone in terms of building our energy business in Botswana.  The location of the Bolau tenements next to the Sese Coal Deposit combined with the continuity of coal horizons into our ground provides the Company with another major coal project in close proximity to the Letlhakane Uranium Project.

“This new coal project together with our discovery of a major coal deposit at Mea to the north east of Letlhakane means that A-Cap is a major player in both the coal and uranium in Botswana.” 



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