A-Cap Resources Limited is an ASX listed exploration Company that focuses on the investment friendly Botswana, where it holds over 5,000km² of exploration licenses.
A-Cap is the first company to produce a JORC compliant uranium resource in Botswana and the Company firmly believes that as further exploration capital is spent in country, it will become a significant contributor to the world uranium inventory.
The Company’s 100% owned Letlhakane Uranium Project is located in northeast Botswana and has a recently upgraded JORC compliant resource of 351 Mlbs U₃O₈ (at a 100ppm cut-off) – an increase of 35%. Within this global resource, a higher-grade resource has been defined of 143.2 Mt at 284ppm U₃O₈ for a contained 89.7 Mlbs U₃O₈. This Resource increase comfortably positions the Letlhakane Project well within the top ten undeveloped uranium deposits in the world, and has cemented A-Cap on its road to production.
A-Cap is in the process of completing a Bankable Feasibility Study at Letlhakane, which is on target to be completed in 2014, with first production anticipated 2015.
The Botswana based exploration team is also focusing strongly on uranium targets in the Southern Pans Project, located to the northwest of Letlhakane and the Bolau Prospect to the north.