Friday, May 24, 2024

Botswana poised to become a uranium producer in three years

Two Australian mining companies are poised to put Botswana on the map as a uranium producer of note if their presentations at just ended Botswana Resource Sector conference are anything to go by.

Botswana will in the next three years be a uranium producer says mining company, Impact Minerals which is exploring the country and prospects show huge deposits in the central part of the country.

Rodney Fripp of Impact Minerals says they “have discovered proterozoic uranium in the Mahalapye area which is of the type found in the Athabasca Basin of Canada and bulk tonnage deposits similar to those at Rossing in Namibia.”

Follow up drilling will be in the third quarter of 2012 with the aim of production by 2015.

Another company that has made inroads in uranium production is A-Cap Resources which says it will go into production at its Letlhakane deposits in 2015.

Steve Groves of A-Cap Resources says “Letlhakane is well within the top 10 largest undeveloped uranium deposits in the world and growing.”

Discovered 2006 the company has spent approximately P250 million in the development of the mine.

“Testing of radiometric anomalies returned encouraging greenfields uranium intersections,” he said.

A mix of conventional mining equipment and surface miners is under consideration.


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