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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
52-week Low: A$0.17
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.

Pdf

African Energy Resources hits more near surface thick coal seams at Sese

1st Dec 2010, 10:15 am

Another thick, near surface coal seam has been hit by African Energy Resources (ASX: AFR) at Block C of the Sese project in Botswana, just two weeks after announcing further thick coal intersections in Block A.

The average seam thickness to date in Block C is 10 metres, with an average depth to the top of the coal of 45 metres, with the company saying coal thickness generally increases to the west and to the south, with increasing distance from the contact between the Karoo sediments and the older crystalline basement.

Drilling will continue in Block C until the heavy seasonal rains prevent access, with the company to undertake Block B drilling in 2011.

To date, sixteen reverse circulation percussion holes and nine diamond drill core holes have been completed in the eastern part of Block C, within an area of approximately 20km2.

The African Energy goal from the drilling program is to build sufficient data for the classification of an inferred resource by the end of March, 2011.

The Sese exploration target is; 1.0 to 1.5 billion tonnes of 4,000kcal/kg to 5,000kcal/kg thermal coal.

 

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