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Additional Information
Market: ASX
Sector: General Mining
EPIC: AFR
Latest Price: 0.44  (10.00% Ascending)
52-week High: 1.01
52-week Low: 0.23
Market Cap: 143.61M
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African Energy Resources
www.africanenergyresources.com

African Energy (ASX: AFR) is a company focussed on uranium exploration and project development in the stable, mining friendly democracies of Zambia and Botswana.

 

At the Chirundu joint venture in southern Zambia (AFR: 70%), the Company has defined over 11 Mlb U3O8 in resources at the Njame and Gwabe deposits, which are currently the subject of a bankable feasibility study. Significant upside exists within the Chirundu Project and other nearby joint ventures through exploration and/or consolidation with neighbouring properties.

 

African Energy's main focus is the Sese Coal Project, located in eastern Botswana. The project has an Indicated Resource containing 500 Mt of coal and an Inferred Resource of 2,230 Mt. An infill drilling programme is currently underway which is expected to upgrade the entire resource to an Indicated status.

Full African Energy Resources profile here
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African Energy Resources encouraged by coal results at Sese, seeks cornerstone partner

9th Sep 2010, 10:12 am

African Energy Resources (ASX:AFR) has identified some potentially encouraging coal seams from the Sese project in northeast Botswana, with the company looking to advance the discovery to the next phase.

A key feature of the project is the proximity to established infrastructure. The Sese project is located 50km southwest of the town of Francistown, situated close to the sealed highway between Francistown and Gaborone and is easily accessible by rail, road and power infrastructure.

The main coal seam intersected in the drilling has an average thickness of 10-12m, and an average depth to the top of the seam of 41m.

Coal seams intersecting over an inferred strike length of greater than 30km, and an inferred down dip extent of up to 4km.

Proximate analyses have been received for the four core holes drilled into thick coal seams in the Sese project, with proximate analyses from two additional core holes drilled in the area by Shell Coal in 1976 lending further support to the coal quality over a very broad area.

The raw (unwashed) coal quality data and the combination of relatively thick but shallow seams suggest that this deposit compares will with other known coal deposits in the southern Africa region.

The directors consider that this combination of preliminary coal quality, areal extent, thickness and shallow depth suggest that a commercially viable coal mining operation may be possible at Sese, and warrants further evaluation.

Such is the potential of the project, African Energy said it is currently actively seeking a cornerstone project partner to manage the future assessment of the Sese coal project.

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