1. ACAP remains fully focused on its Botswana Uranium Assets 2. Globally significant resource of 158Mlbs with potential to double 3. Project has best address in Africa with low political risk and excellent infrastructure already in place 4. Staged project development planned initial production from high-value, near-surface ore contributes to low CAPEX and OPEX 5. Potential for beneficiation of ore to offset relatively low grades 6. Metallurgical testing underway to optimise process routes 7. Strong Exploration Potential 8. Major drilling program currently underway 9. Drilling and feasibility studies to continue through 2010 followed by development decision
At a 100ppm U3O8 cut off the Global Resource has increased by 59% The Indicated and Inferred Resource is 463Mt@ 154ppm -158Mlbs U3O8 Current contained pounds makes this the 12 biggest undeveloped uranium deposit in the world!!!!!!!
ACB Price at posting:
36.0¢ Sentiment: Buy Disclosure: Held
