Additional Information
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 chairman tops-up shareholding

9th Aug 2011, 5:31 am

African Energy Resources (ASX: AFR) executive chairman Alasdair Cooke has acquired 300,000 shares at $0.34 in an on market trade.

Cooke purchased the shares for a consideration of $102,842 and now holds 11,081,339 ordinary shares in the company.

Earlier in the year African Energy reported and initial resource of 2.73 billion tonnes of thermal coal at its Sese coal project in eastern Botswana.

The coal occurs in one main seam which averages 14 metres in thickness over an area of 110 square kilometres, and most importantly is close to surface, which is expected to be amenable to low strip‐ratio open pit mining.

The main seam has been subdivided into an Upper and Lower seam on the basis of shale content.

African Energy Resources is currently trading at $0.33 per share.

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