This is the make or break announcement for CCC...through 2010 and 2011 there was a lot of hype around Botswana and its results...
?? Continental has interests in 3 Prospecting Licenses in Botswana ?? Prospecting licenses cover an area of 964km²over Botswana’s coalfields ?? Botswana’s coalfields are considered highly prospective and are largely an extension of South Africa’s Waterberg coalfield ?? Botswana’s coalfields are estimated to contain 212Bt of thermal coal, approx. 65% of Africa’s total coal resources ?? Prospecting licenses were awarded to Mashala’s wholly owned Botswana subsidiary, Weldon Investment (Pty) Ltd in February 2009 ?? Independent geological consultants have determined an Exploration Target* of between 6-7 Bt of coal of which 2.7 Bt of coal was identified to be at shallow to moderate depth
CCC Price at posting:
7.7¢ Sentiment: None Disclosure: Held