‘Botswana could have up to 8% of world’s uranium’

Botswana has the potential to become a major uranium producer and even rival neighbour Namibia in the coming years, A-Cap Resources Managing Director Andrew Tunks said on Wednesday.

Tunks was speaking at the Botswana Resource Conference held at the GICC at which he also said his company was currently exploring one of the largest places of contained uranium.

“Countries next door to Botswana hold about 15 percent of the world’s current uranium resources,” he said. “(But) Geology doesn’t know boundaries, so Botswana will be the next major uranium producer.”
Botswana had no uranium resource prior to A-Cap’s exploration. While A-Cap held some of the best uranium prospects at Letlhakane, there was “plenty of scope” for others to participate.

Last year, A-Cap published its first uranium resource, 65-million tons at 140 parts per million (ppm) representing about 20-million pounds.

Two weeks ago, it produced its new resource of “nearly 100-million pounds”, with a massive increase in tons and a 30 percent increase in grade.

“We expect that Botswana will eventually be shown to host between four and eight percent of the world’s uranium resource,” he said.

Tunks added that he expected the Letlhakane deposit to eventually be proven as one of the largest uranium deposits found anywhere in the world.

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