A-Cap Resources Limited 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.
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 comments: “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”.
The amendment, granted by Minister of Minerals, Energy and Water Resources, Onkokame Kitso Mokaila, details that the tenements have been renewed for a period of two years subject to the following conditions: 1. Pursuant to Section 19 (2) of the Mines and Minerals Act (“the Act”), the area of PL125/2009 shall be reduced to one hundred and seventy six square kilometres (176km²) and the area of PL138/2005 shall be reduced to two hundred and fourteen square kilometres (214km²). 2. The Company shall incur the minimum annual expenditure and shall expeditiously carry out the programme of prospecting operations.