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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 continues to hit thick near surface coal at Sese

14th Dec 2010, 2:07 pm

Resource delineation drilling is exceeding company expectations in Block-C at the African Energy Resources (ASX: AFR) Sese coal project, with continued near surface hits of coal seams over a large area.

In Block-C, the average main seam thickness is 11 metres, with an average depth to the top of this seam of 52 metres, which the company says significantly exceeds previous expectations.

Drilling at the target will be completed next week, with 43 reverse circulation and 25 diamond core holes already completed, covering around 70 square kilometres.

The initial inferred resource will be towards the end of the first quarter in 2011.

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

 

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