A-Cap Energy Limited has returned major uranium intersections in drilling at its Letlhakane Project in Botswana, host to one of the world's top 10 undeveloped uranium resources. The 1,406m diamond drill core program over 24 PQ triple tube holes program collected approximately 2 tonne of mineralised material for beneficiation, leaching, and metallurgical testwork already underway. Samples from Gorgon South, Kraken, and Serule West were selected as representative of likely Run Of Mine (ROM) ore using criteria which: includes the most dominant ore types in the Resource Model (dominantly primary ore) is spatially representative of optimised pits from 2015 Feasibility Study includes material which was scheduled early in the mining plan from the same 2015 Study.

Best intersections include: GODD0091 - 1.9m @ 347 ppm U3O8 [35.9m]; GODD0092 - 4.1m @ 252 ppm U3O8 [30.1m]; GODD0093 ­ 8.0m @ 448 ppm U3O8 [45.3m], including 1.1m @ 1,942 ppm U3O8; GODD0094 ­ 7.2m @ 224 ppm U3O8 [38.7], including 0.9m @ 739 ppm U3O8; GODD0096 ­ 2.7m @ 265 ppm U3O8 [45.6m]; GODD0097 ­ 7.4m @ 192 ppm U3O8 [43.5m]; GODD0099 ­ 6.3m @ 227 ppm U3O8 [28.0m]; MOKD0114 ­ 10.6m @ 182 ppm U3O8 [9.0m]; MOKD0115 ­ 4.3m @ 393 ppm U3O8 [22.3m], including 0.8m @ 742 ppm U3O8; MOKD0116 ­ 2.3m @ 333 ppm U3O8 [25.1m], including 0.8m @ 742 ppm U3O8; MOKD0117 ­ 5.0m @ 282 ppm U3O8 [24.5m], including 0.8m @ 735 ppm U3O8; MOKD0119 ­ 2.1m @ 635 ppm U3O8 [40.4m], including 1.4m @ 854 ppm U3O8; MOKD0120 ­ 6.8m @ 371 ppm U3O8 [38.8m], including 1.4m @ 708 ppm U3O8; SEDD0028 ­ 4.8m @ 270 ppm U3O8 [47.5m]; SEDD0028 ­ 3.8m @ 608 ppm U3O8 [53.8m], including 0.8m @ 2,130 ppm U3O8; SEDD0029 ­ 16.1m @ 276 ppm U3O8 [36.5m], including 1.0m @ 954 ppm U3O8; SEDD0031 ­ 8.0m @ 358 ppm U3O8 [55.0m], including 0.8m @ 2,260 ppm U3O8; SEDD0032 ­ 3.2m @ 473 ppm U3O8 [64.4m], including 0.9m @ 853 ppm U3O8 and SEDD0033 ­ 7.9m @ 487 ppm U3O8 [31.8m], including 2.4m @ 1,167 ppm U3O8. There is >2,500 kg of mineralised material grading 277 ppm U3O8 (with 1,200 kg grading 470 ppm U3O8). The application for an Export Permit to ship the sample to Australia is being prepared.

To increase Letlhakane's profitability, A-Cap has engaged technical partners with expertise in uranium ore sorting and processing that specialise in increasing the ore feed grade to the mill as well as removing acid consuming gangue utilising advances in sorting technology. The ore material collected in recent drilling will be sent to mineral processing leaders Nagrom in Perth for sample preparation before being sent to magnetic separation company Steinert Australia for sorting/beneficiation testwork utilising radiometric, XRT, and hyperspectral sensors as well as beneficiation techniques by gravity separation using spiral and dense media separation. Steinert have been highly successful upgrading uranium ore with sorting programs for other clients in recent years2, using radiometric information to pre-classify the ore into product and waste for their program development.

Once they have a "pre-classified" ore and waste fraction, they process these fractions through a sorter with multiple sensors and record all the information from the sensors available on this sorter (colour, laser, induction and XRT). Subsequently they use proprietary software to detect variations in sensor data between the ore and waste fractions either in: density, colour or any of the other sensors in combination. There are over 200 parameters recorded and they use multiple sensor combinations to find the best potential sorting algorithm to sort the specific ore.