ACB 0.00% 6.8¢ a-cap energy limited

HIGHLIGHTS The Letlhakane Mining Licence Application was...

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    HIGHLIGHTS

    The Letlhakane Mining Licence Application was submitted to the Botswana Department of Mines on the 18th August 2015;

    * Positive economics from the technical study based on forecast uranium average contract price;

    * Initial construction CAPEX of US$351 million and initial working capital of US$40 million;

    *Targeting up to 3.75 million lb U3O8 p.a. over first 5 years;

    * Pre-Tax NPV of US$383 million at a discount rate of 8% and IRR of 29%;

    * Operating costs of US$35/lb U3O8 over first 5 years and approximately $40/lb U3O8 over 18 year process life.

    Uranium resource upgrade completed utilising Localised Uniform Conditioning incorporating excellent results from the 2014 drilling programme;

    * Better grade definition at the mining scale based on using surface miners and grade control methodology;

    * A large increase in lbs of uranium at a 300ppm cut-off;

    Submission of 2015 Financial Statements, confirmation of short-term funding plan.

    A-Cap reached an important milestone during the quarter ended 30th September 2015, with the Letlhakane Uranium Project’s Mining Licence Application (MLA) submitted to the Botswana Department of Mines on the 18th August 2015. The feasibility work required to prepare a technical study for the MLA highlighted positive economics for the project based on a forecast uranium average contract price. A new Letlhakane uranium resource upgrade was completed, resulting in an uplift in the Project’s grade, pounds and continuity, rounding off a successful period for the Company.


    All good progress IMO. Will 2016 show a turnaround for A-Cap Resources?

    Cheers

    Gracie
 
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