The programme of reverse circulation percussion drilling, carried out by African Energy Resources, has identified the potentially extensive near-surface coal seams in the company’s wholly owned Sese project. A programme was targeted to assess a number of uranium targets hosted by Lower Karoo aged sediments, each of which has potential for the type of uranium mineralisation previously identified at the Company’s Foley and Gojwane prospects. However, coal has been identified in drill cuttings from all holes drilled to date on Target 5 and on the first hole drilled into Target 4. Each of these vertical drill holes has identified at least one coal seam with apparent thicknesses varying from a minimum of 8 metres to a maximum of 16 metres. The coal seams are all close to surface, and subject to further assessment of the commercial quality of the coal, may be amenable to extraction by open-pit methods. Visual inspection of the drill cuttings indicates that bright, reflective fines are present in all coal seam intersections. Further work is required to assess the quality of the coal, to include its specific gravity, calorific value, ash content, sulphur content, moisture content and total volatile content. Further drilling is also required to determine the extent and continuity of the coal.

The Sese project comprises two prospecting licences – 100 percent owned by African Energy Resources – located in northeast Botswana, approximately 50 kilometres southwest of the town of Francistown. The project is situated close to the sealed highway between Francistown and Gaborone and is easily accessible. Rail, road and power infrastructure is close to the project area. The project covers an area of Karoo sediments where very high background uranium levels have been observed in publicly available regional airborne radiometric data. Minor coal occurrences were previously documented from historical drilling undertaken near the settlement of Foley.