African Energy Resources, Perth, WA, (ASX: AFR) has reported the discovery of a thick coal seam at Sese West.
Drilling at Sese West is part of a regional uranium exploration program, although coal seams were discovered ranging in thickness from seven metres to 30 metres, with the depth to the top of the coal varying from 79 metres to 157 metres.
The new discoveries are located just a few kilometres to the south of the Sese coal project, which hosts a JORC 2.73 billion tonne resource.
However, Sese West is currently only valid for radioactive minerals, with African Energy having already applied for amendment to the license to include the rights for coal.
The requested amendment is currently subject to the recently announced moratorium on coal and coalbed methane licence applications, which is due to end this September.
Highlighting how African Energy is looking to boost exploration in the area, the company has submitted six further prospecting licence applications for coal and coal bed methane in the last eight months.
The Sese coal project comprises one wholly owned prospecting licence valid for uranium, coal, coalbed methane, base and precious metals, and is strategically located near infrastructure with a sealed highway between Francistown and Gaborone and is easily accessible.
Drillers cut nine oil rigs in the week to March 22, bringing the total count down to 824, the lowest since April 2018, Baker Hughes, a GE company (NYSE: BHGE), said in its weekly report.
The independent U.S. energy producer aims to take a final investment decision on the $20 billion project in the coming months, having signed up long-term buyers for its LNG.
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