Name and Location
Letlhakane uranium project, Botswana.

Project Description
The proposed project involves the construction of Botswana's first uranium mine at Letlhakane.
A scoping study conducted on the Letlhakane site has confirmed a resource of 280-million tons, at 158 parts per million uranium oxide (U₃O₈) for 44 500 t of contained concentrate.

The study concluded that the shallow-lying ore will be extracted by conventional openpit mining equipment under a typical mining contract, where the contractor assumes responsibility for all earth works to the point at which run-of-mine production is delivered to the crushers.

The crushed ore will be stacked on a purpose-designed leach pad. Alkaline heap leaching, solvent extraction and ion exchange will then recover the U₃O₈.
Site power will be sourced through a new 10-km power line connecting to the Botswana state grid at the switch station in Serule.

The water will be sourced from a borefield developed into aquifers within the exploration tenement. This has yet to be verified.

Value
The proposed project will cost an estimated $169-million.

Duration
The company plans to apply for a mining licence from the government of Botswana in early 2010.

The plan is to bring the mine into production by 2011.

Client
A-Cap Resources.

Key Contracts and Suppliers
None stated.

Latest Developments
Tenders will soon be called to start the feasibility study into the proposed mine.

On Budget and on Time?
Not stated.

Contact Details for Project Information
A-Cap Resources, tel +61 3 9813 5888 or fax +61 3 9813 2668.