Uranium project deferred in Botswana

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Gaborone – Australian company A-Cap Resources, Botswana’s pioneer uranium explorer, on Thursday announced that the commencement of its major uranium project had been deferred until 2021.

A statement by the company said that the Government of Botswana delayed plans to begin construction of the Letlhakane Uranium Project by two years.

A Cap’s Letlhakane Uranium Project is one of the world’s largest undeveloped deposits and contains 352 million pounds of uranium; within this, 90 million pounds of higher grade uranium (284ppm) had been identified.

The Letlhakane project had been identified as a rare project of low capital expenditure.

(Xinhua/NAN)

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