African Energy Resources Limited - February 2016 Report

African Energy is an ASX listed company developing base-load power projects in Botswana. These projects will sell power to off-takers in the Southern African Power Pool, all of whose members are experiencing long-term, large scale deficits in their power generation. The Company has access to some of the best power station fuel in a safe investment jurisdiction. African Energy Resources Limited ("African Energy", ASX: AFR) listed on the ASX in April 2007. After an initial focus on uranium in Zambia, in May 2010 the Company discovered extensive near-surface coal at Sese, near Francistown in Botswana. After establishing a substantial coal resource, a Concept Study indicated the potential for both mine-mouth power generation and coal exports. In early 2015 First Quantum Minerals invested in the Sese project to take a controlling interest and the role of project manager. Sese remains the Company's flagship and most advanced project, but the acquisition of two further coal to power projects in Botswana provides additional near-term development opportunities for the Company. Download the report for more information…

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