A-Cap Resources Defers Letlhakane Uranium Project

摘要

ASX-listed A-Cap Resources said this week that its Letlhakane Uranium Project in Botswana will be delayed for two years largely due to a slow recovery in uranium market prices. Construction of the mine was expected to start in 2018, after A-Cap Resources was awarded a 22-year mining license in September 2016. The company said the deferment was due not only by the delayed recovery in uranium prices but also the implementation of a project to improve mineral recovery at the Letlhakane site. "A letter was submitted to the department of mines to advise that the pre-construction and construction period would be delayed by two years. The company has since received correspondence formally advising that the amendment to the program of works for the mining license has been approved," the company stated.