31 May A-Cap resources gets environmental approval for Botswana’s first uranium mine
A-Cap Resources (ASX:ACB), the Australian mining company, is a step closer to realising Botswana’s first uranium mine after it received governmental approval for its environmental impact statement (EIS).
The approval represents a major milestone for the flagship Letlhakane uranium mine, which according to the company is ‘one of the world’s largest undeveloped uranium deposits’. It has a JORC-compliant resource of 365.7 million pounds U308, a key compound of uranium.
The company says it has undertaken over 149,000 metres of reverse circulation and diamond drilling over the area highlighting a low capital expenditure operation.
“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 environmental impact statement,” said A-Cap CEO Paul Thomson in a company statement.