Project Overview
The Company’s main project in eastern Botswana is 50km to the south of the mining hub of Francistown, and is immediately west of an existing rail, road and power corridor which runs through several neighbouring countries. The project covers Prospecting Licence PL96/2005, as well as several additional tenement applications to secure the majority of the up‐dip and down‐dip extensions to the known deposit coal seams.
In addition to the coal project, African Energy owns or is earning an interest in seven uranium projects covering over 10,000 square kilometres in southern Africa, ranging from bankable feasibility studies at the Njame and Gwabe deposits in the Chirundu JV in Zambia, to large tenement holdings with prospective geology and uranium anomalies defined by airborne radiometric surveys. African Energy's projects are located in sedimentary rocks of the Karoo Supergroup. A significant amount of known uranium mineralisation occurs in the Karoo sediments in Zambia, Malawi, Botswana, Zimbabwe, Tanzania, Mozambique and South Africa. This uranium mineralisation is of the style referred to as "sandstone-type uranium deposits" which have been the source of a significant proportion of global uranium mine production, mainly from the United States and Kazakhstan.