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Market: ASX
Sector: General Mining - Uranium & Lithium
EPIC: AFR
Latest Price: A$0.19  (0,00%)
52-week High: A$0.79
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Market Cap: A$60.47M
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African Energy Resources
www.africanenergyresources.com

African Energy (ASX:AFR) owns 100% of the Sese Coal and Power Project in northerm Botswana which has a defined near-surface coal deposit containing indicated resources in excess of 2.5 billion tonnes. The entire resource is amenable to low-cost open pit mining and can produce large tonnages of both domestic power station fuel amd washed coal for regional and export sales.

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African Energy Resources intersects more thick near-surface coal at Sese

16th Nov 2010, 9:32 am

Further resource delineation drilling by African Energy (ASX: AFR) in Block-A of the Sese coal project in Botswana has continued to intersect thick, near-surface coal seams, with the average seam thickness increased to 16.3m with an average depth to the top of the coal of 44.6m.

The project is situated close to the sealed highway between Francistown and Gaborone and is easily accessible. Rail, road and power infrastructure is close to the project area.

Twenty-one reverse circulation (RC) percussion holes and seven diamond drill core holes have now been completed in Block-A, refining the geological understanding of the coal distribution, and confirming coal seam continuity over considerable distances, within an area of approximately 22km2.

Down-hole geophysical logging is progressing well and is providing data to aid coal sampling strategy and coal continuity determinations.

Drilling is to commence on Block-C once Block-A is completed. The drilling and down-hole geophysical programme is expected to provide data of sufficient density to permit the classification of an inferred resource in Block-A and Block-C.

Coffey Mining has been retained to provide independent supervision of the resource estimation programme, which is expected to be completed in Q1 2011.

The Sese Coal project comprises one wholly owned prospecting licence and one prospecting licence application located in northeast Botswana, approximately 50km southwest of the town of Francistown.

African Energy has discovered a large deposit of thermal coal at Sese, and recently announced an exploration target of 1.0 to 1.5 billion tonnes of 4,000kcal/kg to 5,000kcal/kg thermal coal.

The final two diamond drill core holes in Block-A are scheduled for completion within the next few days, following which drilling will commence in Block-C, further to the east.

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