A-Cap Resources Limited

Published : February 02nd, 2015

December 2014 Quarterly Report and Appendix 5B

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Keywords :   Australia | Botswana | Coal | Recovery | Uranium |

December 2014 Quarterly Report and Appendix 5B

ASX RELEASE

Friday, 30 January 2015

QUARTERLY REPORT AND APPENDIX 5B FOR THE QUARTER ENDED 31 DECEMBER 2014

A-Cap Resources Limited ("A-Cap" or "the Company") (ASX: ACB) is pleased to provide its Quarterly Activities Report for the quarter ended 31 December 2014.

HIGHLIGHTS

Completion of infill RC drilling programme consisting of 2812 metres

Excellent results confirm the presence and continuity of high grade uranium mineralisation including:

§
3.25m @2386 ppm eU3O8 in hole SERC0364
§
2.20m @904 ppm eU3O8 in hole SERC0358
§
2.05m @2124 ppm eU3O8 in hole MOKR2582
§
2.55m @772 ppm e eU3O8 in hole MOKR2584
§
1.25m @2123 ppm eU3O8 in hole SERC0362
§
2.60m @588 ppm eU3O8 in hole MOKR2596
§
2.95m @1514 ppm eU3O8 in hole MOKR2571
§
1.90m @798 ppm eU3O8 in hole MOKR2603

Ongoing feasibility studies on track for the submission of our Letlhakane Mining Licence application during  Quarter 1, 2015

Ongoing evaluation of surface miners proving to be positive with potential for further reductions in mining costs

Environmental and Social Impact Assessment (ESIA) on track to be completed for submission in Quarter 1, 2015

Metallurgical and process design work is progressing very well with final data for recoveries and operating costs to be finalised during Quarter 1, 2015

An estimated JORC compliant coal resource at the Foley Project of 148 million tonnes total tonnes in-situ (TTIS)


A-Cap Resources Limited - Level 16, AMP Building, 140 St Georges Terrace, Perth Western Australia 6000 - T: +61 8 9220 9850 F: +61 8 9220 9820
A-Cap Resources Botswana (Pty) Ltd T/as A-Cap Resources - Plot 946 Old Matsiloje Rd, Francistown, Botswana - T: +267 241 9717 [email protected]www.a-cap.com.au

QUARTERLY ACTIVITIES

A-Cap has continued to remain focussed during the December quarter on the Letlhakane Uranium Project's feasibility studies and finalising the coal evaluation work at the Mea and Bolau Coal Projects. These efforts have yielded excellent results with value added to the Company's mineral assets. The Letlhakane Mining Licence application is well on track in meeting our submission requirements.
Work is ongoing on the uranium process modelling and 4 metre columns to ensure the leachability, acid consumption and recoveries are in line with expectations. The Process design is almost complete in optimising uranium recovery and minimising processing costs.
Resource and mining information has been assessed through grade control scale drilling and infill drilling to improve on the understanding of the mineralisation continuity especially at the higher grades.
The ESIA conducted by SLR has been progressing well to ensure that A-Cap addresses all environmental and social issues that may arise
Significant value has been added to our coal projects at a relatively low cost. The new indicated resource at Foley has defined a mineable volume of coal that is in line with a potential local power station's demand requirements and within the current capacity of transport infrastructure for export considerations. The recent acquisition into the nearby Sese Coal Project by First Quantum Minerals demonstrates that securing electricity supply from coal is a priority consideration of many companies within the region.
Mea results have been received and the resource is currently being compiled. A-Cap expects a new resource during the first quarter of 2015 for the Mea Coal Project.

LETLHAKANE URANIUM PROJECT

The Letlhakane Uranium Project is one of the world's largest undeveloped Uranium Deposits and is located in the safe and stable jurisdiction of Botswana. The Project lies adjacent to Botswana's main North-South infrastructure corridor that includes a sealed all weather highway, railway line and the national power grid, all of which make significant contributions to keeping the capital cost of future developments low.
In July, 2013, A-Cap announced a major JORC Mineral Resource Upgrade at Letlhakane completed by Optiro Pty Ltd, an independent expert. The updated Global Mineral Resource, reported in compliance with the JORC code, currently stands at 662 million tonnes at 211ppm U₃O₈ for a contained 308 Mlbs of U₃O₈ (100ppm cut-off). Importantly, within the Letlhakane Resource, a significant higher-grade component at a 300ppm U₃O₈ cut-off contains 83.7Mt at 447ppm U₃O₈ for 82.5 Mlbs of U₃O₈.

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Data and Statistics for these countries : Australia | Botswana | All
Gold and Silver Prices for these countries : Australia | Botswana | All

A-Cap Resources Limited

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CODE : ACB.AX
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A-Cap Resources is a coal and uranium exploration company based in Australia.

Its main asset in development is LETLHAKANE in Botswana and its main exploration property is MOKOBAESI in Botswana.

A-Cap Resources is listed in Australia. Its market capitalisation is AU$ 77.6 millions as of today (US$ 56.0 millions, € 49.1 millions).

Its stock quote reached its highest recent level on January 21, 2011 at AU$ 0.75, and its lowest recent point on March 27, 2020 at AU$ 0.01.

A-Cap Resources has 871 880 000 shares outstanding.

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Corporate news of A-Cap Resources Limited
8/1/2016Appendix 3B – New issue announcement
7/12/2016Trading Halt
7/6/2016Convertible Note Agreement
5/18/2016Approval of Letlhakane Environmental Impact Statement
4/29/2016Quarterly Activities Report & App 5B Mar-16
4/26/2016Appendix 3B: New issue announcement
2/1/2016Quarterly Report & Appendix 5B
2/1/2016Expiry of Unlisted Options
12/17/2015Expiry of unlisted options
11/2/2015Quarterly Report & Appendix 5B – September 2015
10/16/2015Expiry of Unlisted Options
10/16/2015Annual Report 2015
9/14/2015Mining Licence Submission & Technical Study Outcomes
9/1/2015A-Cap Change of Address and Contact Details
8/12/2015June 2015 Quarterly Report & Appendix 5B
7/8/2015Company Secretary Appointment and Resignation
7/7/2015Changes to the Board of Directors
6/16/201511.06.2015 – Resignation of Director
6/10/201503.06.2015 – Form 604 Change of Interests of Substantial Sha...
4/1/2015Despatch of Prospectus and Entitlement Forms to Eligible Sec...
3/26/2015Expiry of Unlisted Options
3/26/2015Prospectus for a Non Renounceable Rights Issue
3/26/2015Half Year Report 31 December 2015
3/26/2015Despatch of Notice to Eligible Security Holders
3/10/2015Delay in Non-Renounceable Rights Issue Documentation
2/27/2015Non-Renounceable Rights Issue to Raise $4 million
2/2/2015December 2014 Quarterly Report and Appendix 5B
12/15/2014High Grade Uranium Mineralisation
12/9/2014JORC Compliant Coal Resource at Foley
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