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Tuesday, March 30, 2021
Botswana’s Department of Environmental Affairs (DEA) has approved the EIS for Tlou’s Boomslang project. The Boomslang Prospecting License PL011/2019 is located adjacent to the Company’s Lesedi power project.
All proposed project activities outlined under the EIS have been authorized, including the drilling of core holes and stratigraphy boreholes; seismic and geomagnetic surveys; pilot testing pods, monitoring wells and evaporation ponds; and the installation of pumping monitoring, gathering lines and evaluation equipment.
Tlou believes the Boomslang project can complement the more mature Lesedi and Mamba projects, particularly given the presence of the highly prospective Serowe coal seam. The Lesedi and Mamba projects primarily target the deeper Morupule coal seam.
EIS approval for exploration of the Boomslang permit (Tlou 100%) represents another key milestone for the Company. Successful exploration and development of the Boomslang area could facilitate Tlou’s longer term strategy of expansion beyond the current Lesedi project area.
Tlou’s Managing Director Tony Gilby said: “We are looking forward to a productive 2021 with significant progress in key areas of the Company’s business being achieved so far. We have great expectations for the Serowe CBM play within the 100% owned Boomslang permit area and subject to funding we can drill to evaluate it with environmental approval secured.”
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