ASX-listed A-Cap Resources has recieved positive results from an independent study conducted by Sedgman, South Africa regarding the potential for development of the Bolau coal project covering geological, engineering and marketing.
“Sedgman have excellent experience in coal in Africa with capabilities to draw on local product specification knowledge, infrastructure, mining expertise and market requirements,” A-Cap said in a statement.
The study was a detailed and comprehensive study based on data generated to date. The Bolau Project is located on two tenements. A-Cap discovered coal horizons that appear to be on the up dip and down dip extensions of the Sese coal project discovered by African Energy Resources in 2010.
To date, A-Cap has completed six RC holes and seven diamond holes that intersected coal horizons and have noticed that the coal thickness averages at 20 m and occurs in two seams with the upper seam at around 4 m and a lower seam of 16 m. In the discovery areas, the stratigraphic package dips shallowly towards the south west at around 10 degrees.
Based on the logged geology and the continuity of the coal horizons in the adjacent Sese project, the coal is interpreted to be sub-bituminous thermal coal with potential to produce both domestic and export quality coal.
A-Cap CEO Paul Thomson stated “From our initial drilling results we knew the Bolau coal project had distinct advantages because the depth and size of the deposit. The Bolau coal project encircles tenements held by African Energy Resources that host the Sese coal project which has a JORC compliant Inferred Resource of 2.4 billion tonnes of thermal coal.
“While we remain focused on continuing the development of our Letlhakane uranium deposit, the new coal discoveries on Bolau and the higher quality coal defined at Mea, give s A-Cap options to develop these and add significant potential value to the Company. In parallel, we are seeing new short to medium rail infrastructure options being put in place between the governments of Botswana and South Africa which will open up new market opportunities for us.”
A- Cap has previously announced significant coal at the Mea deposit and also at the Letlhakane uranium deposit.