Targeting multi-commodity energy production in Botswana

A-Cap Resources Limited is an ASX listed (ASX/BSE: ACB) exploration Company that focuses on the investment friendly country of Botswana in Southern Africa, where it holds over 3,600km² of exploration licenses.

In July 2012, A-Cap announced the discovery of two new coal Projects in Botswana, transforming the Company into a multi-commodity exploration outfit.

The Mea Discovery is a “greenfields” coal discovery demonstrating multiple coal seam intercepts within a thicker carbonaceous unit that is over 100m true thickness.

The Bolau Discovery is believed to be the up and down dip extension of the known Sese Coal Project that extends into A-Cap ground.

In addition, A-Cap is the first company to produce a JORC compliant uranium resource in Botswana. 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.

Location map of A-Cap’s projects

Uranium Development Potential

Letlhakane is a low risk source of production within the next five years capable of de-risking the tight uranium supply chain

• Over 80% of the world’s current uranium production is sourced from either technically challenging or political high risk sources
• This figure is estimated to increase to 90% over the next five years based on current forecasts