AMN - BOTSWANA: EIA approved for Letlhakane

A-Cap Resources is a step closer to developing Botswana's first uranium mine, after the government approved its Environmental Impact Statement for the Letlhakane project.

A-Cap CEO Paul Thomson says: “We have been conducting extensive work over the years, commencing 2009, in studying and identifying the overall environmental and social impacts associated with developing the first uranium mine in Botswana. The board has ensured the highest standards have been adopted in preparing the Environment Impact Statement.”

A-Cap is planning to develop the Letlhakane uranium mine, an open-pit operation that would run for 18 years, producing 3.75 million pounds/year.

According to A-Cap Letlhakane is "one of the world’s largest undeveloped uranium deposits" with a JORC-compliant resource of 365.7 million pounds U3O8, with a high-grade resource of 103.8 million tonnes at 450 ppm U3O8.

A-Cap says it has completed more than 149,000 metres of reverse circulation and diamond drilling over the area, indicating shallow mineralization resulting in a low capex operation.

www.a-cap.com.au

News courtesy of International Mining