𝐁𝐎𝐓𝐒𝐖𝐀𝐍𝐀 𝐔𝐑𝐀𝐍𝐈𝐔𝐌 𝐃𝐑𝐄𝐀𝐌 𝐑𝐄𝐒𝐔𝐑𝐅𝐀𝐂𝐄𝐒 𝐀𝐒 𝐏𝐑𝐈𝐂𝐄𝐒 𝐆𝐑𝐀𝐃𝐔𝐀𝐋𝐋𝐘 𝐏𝐈𝐂𝐊 𝐔𝐏

Botswana Uranium deposits are some of the largest inthe World.
– A-Cap suspended some onsite works back in 2018, due to low Uranium prices.
– Work has now resumed after a positive signal from global Uranium prices.

𝑻𝒉𝒆 𝑷𝒓𝒐𝒋𝒆𝒄𝒕𝒔 | 𝑼𝒓𝒂𝒏𝒊𝒖𝒎

The Letlhakane Uranium Project is one of the world’s largest (global top 10) undeveloped Uranium Deposits. Though named Letlhakane, the project is located near Serule, adjacent to Botswana’s main North-South infrastructure corridor that includes a sealed all-weather highway (the A1 Highway), railway line and the national power grid, all of which make significant contributions to keeping the capital cost of future developments low.

A Mining Licence designated ML 2016/16L was granted on 12 September 2016 and is valid for 22 years. Due to low Uranium prices in the previous years, A Cap decided to defer development of the project, with expectations that the market will gradually move towards balance from calendar year 2025.

The company is currently keeping the Project on a low-cost strategy with a small team in Botswana to keep the licence in good stead and keep communicating the project to the local communities.

There has been some upward movement in the uranium price this financial year which is a positive sign of a forecast supply constraints in the coming years.

Increased investment sentiment and an increased uranium price has bought forward technical planning of further works.

Planning for Drilling and metallurgical testwork that were suspended back in 2018 are underway to further the positive project value-adding results that sort to reduce capes and opex through understanding of the processing acid consumption of different mineralised lenses.

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