A-Cap Resources has defined a JORC Resource of 148 million t of thermal coal at the Foley prospect of its Bolau coal project in Botswana.
This includes an indicated resource of 71 million t – well above the 25 million t A-Cap originally sought to identify.
Drilling has also identified a resource of 66.6 million t in the SS Seam at an average yield of 78.25% that is suitable for meeting current specifications used for power elsewhere in southern Africa.
The Bolau Project is adjacent to African Energy Resources’ 2.5 billion t Sese coal project.
The Foley deposit is shallow with a maximum seam depth of 57 m and is within close proximity to road, rail and power with no settlements within the resource area.
Coal is suitable for feed without beneficiation for specifically designed domestic power plant.
“A-Cap’s focus was to fast track this deposit to mining studies, by drilling out a small portion or the prospective area to identify at least 25 million tonnes of Indicated Resource,” CEO Paul Thomson said.
“This recently completed drilling program has achieved the targeted tonnages and added significant value to the Foley prospect,” Thomson continued. “The quantum of the Indicated coal Resource is enough to support an initial mine life for both an export scenario at 1 million tpy and a supply source for a coal-fired power station.”
“Current infrastructure constraints in Botswana will allow one to two million tonnes per annum projects to come on line in the short term, if the commodity price is right. Later, as the infrastructure capacity in Botswana grows, the coal resource on our tenements still has the potential to grow with it as we still retain significant exploration potential.” Thomson added.
Edited from various sources by Sam Dodson
Read the article online at: https://www.worldcoal.com/exploration-and-development/09122014/maiden-coal-resource-defined-at-botswana-coal-project-1657/