🕐24.07.12 - 01:54 Uhr

HODGES RESOURCES [ASX: HDG] - HODGES TO EXPAND COAL PRESENCE IN BOTSWANA



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Hodges Resources [ASX: HDG] 
http://www.hodgesresources.com.au/


Hodges to Expand Coal Presence in Botswana

Hodges Resources Ltd (ASX: HDG) has entered into a joint venture agreement with Meerkat Energy Ltd for the acquisition of up to 80% of Meerkat’s two main coal prospects in Botswana.

Highlights: 

  • Hodges Resources Ltd to increase ground holding in Botswana
  • PL168/2010 is located adjacent to the 4.2 Bt Takatokwane coal project (Nimrodel Resources Ltd (*)
  • PL604/2009 is strategically located as a source of providing power in the areas at the limit of the current power distribution network
The two coal prospecting licences are located in the Kweneng and Central Districts.

The Lokgwabe prospect (PL168/2010) covers 501.6 km2 and is located adjacent to the 4.2Bt Takatokwane Project (Nimrodel Resources Ltd).

The second prospect (PL604/2009) is located near Rakops and covers a total area of 932km2.

It is strategically placed to provide an energy source to the rapidly developing copper industry in Botswana.
 
Managing Director Mark Major said the Company believes that Botswana will be the next major African coal provider and will play an integral role in catering to southern Africa and the world’s burgeoning power needs, with the country already being on the radar of industrial groups out of India and China.

 

Click here for full announcement

For further information, please contact: 

 
Mark Major
Managing Director
+618 9322 6412
 
For media enquires:
 
Jeffrey Coote
Fortbridge
+61 2 9003 0477
+61 404 275 665






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