A-Cap Resources Ltd. (ASX:ACB) announced that Sedgman Ltd.’s (ASX:SDM) assessment of its Mea coal project has returned positive results. The company recommends that A-Cap move forward with a definitive feasibility study.
As quoted in the press release:
Work to date on the Mea coal discovery has identified some of the best quality coal found in Botswana. Results have shown that there is a significant resource of export quality coal and high quality feed for domestic use. The results from previous test work shows potential for PCI coal adding further value to this discovery. The Sedgman study was commissioned to determine the commercial viability of this project. The company is currently assessing options to advance this exciting discovery to feasibility and production.