The government of Botswana has given A-Cap Resources’ uranium mine development a vital boost, with the approval of the Environmental Impact Assessment (EIA), the Australian mining company says in its press statement.
In the statement, A-Cap CEO, Paul Thomson, believes the approval is well-deserved result of discreet planning and implementation of environmental compliance measures.
“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 Environment Impact Statement,” says Thomson.
According to A-Cap Resources, the Letlhakane uranium mine, an open-pit operation is envisaged to run for 18 years, producing 3.75 million pounds annually. The mining company touts Letlhakane area as “one of the world’s largest undeveloped uranium deposits”, with a JORC-compliant resource of 365.7 million pounds U3O8, with a high-grade resource of 103.8Mt at 450 parts per million (ppm) U3O8.
Hitherto, A-Cap says it has completed over 149,000 metres of reverse circulation and diamond drilling over the area, indicating shallow mineralization resulting in a low capex operation.