NMR native mineral resources holdings limited

they have another coal tenement in botswana

  1. 24,192 Posts.
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    Well on an initial reading it appears we have two quality area's for Coal in Botswana. Takatokwane and 200km away on the Botswana S.Africa border called the Limpopo project in the Mmamabula East Area.


    Reading the ASX Announcement from NMR from the 13 Dec 2010 I see this:-


    HIGHLIGHTS

    BOTSWANA
    ?? Rights to acquire 70% interest in 2 Botswana coal tenements
    ?? Drilling has been conducted on both tenements
    ?? Limpopo Project is in greater Mmamabula Coal field in Eastern Botswana,contiguous with the Waterberg coal fields and within 50km of Grootgeluk mine in South Africa
    ?? Historical drilling and reports indicates shallow and mineable thermal coal suitable for export

    ?? Targeting JORC classified resources by end of 2011
    ?? Deferred consideration based on 500Mt of Inferred JORC resource

    TANZANIA
    ?? 100% granted tenements in the east coast based Lindi Project in the Mandawa basin
    ?? Initial prioritized drilling to test Cretaceous sediments for coal and uranium



    And this...


    Limpopo Project
    The Limpopo Project lies within the greater Mmamabula Coal Field in Eastern Botswana. Current and previous explorers in the area include CIC Energy Corporation, BP Coal
    Division and Amax. The project consists of one Prospecting Licence (PL 17/2010) issued to Water Plus Pty
    Ltd. Walkabout has entered an exclusive agreement granting the right to Walkabout to enter into a Joint Venture Agreement with Water Plus whereby Walkabout may earn a
    70% equity interest in the tenement by completing a pre-feasibility study for the project before October 2013.

    Limpopo Project
    About 170 holes have previously been drilled within PL 17/2010. Some 75 of these holes indicated the presence of three zones of a shallow and mineable coal deposit.
    It is the intention to drill the site to define a JORC resource during 2011 and evaluate the prospect of an open-cut mining operation producing coal for export or local
    consumption. It is currently estimated that some 50 million tonnes of coal lies within an open-cut mining depth above 50mbs. This coal is situated within 50km of the Exxaro owned Grootgeluk Mine in the Waterberg region of South Africa.


 
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