🕐05.04.11 - 11:27 Uhr
Kalahari Minerals plc - Extension of Husab Uranium Licence
Kalahari Minerals plc / Ticker: KAH / Index: AIM / Sector: Mining & Exploration
5 April 2011
Kalahari Minerals plc (Kalahari)
Extension of Husab Uranium Licence
Kalahari Minerals plc, the AIM listed resource company, is pleased to announce that Extract Resources Ltd (Extract or the Company), in which Kalaharis subsidiary, Kalahari Uranium Limited, holds a 42.79% interest, has announced that it has been granted a two year extension for EPL 3138, which covers the world class Husab Uranium Project area (Husab).
Kalaharis Executive Chairman, Mark Hohnen, said, "This extension is excellent news for Extract, which enables the Company to continue its rapid exploration programme at Husab.
This exploration programme will focus on the newly delineated targets of Zones 3, 4 and 5 of Husab, Middle Dome, Salem and Pizzaro, in addition to further in-fill drilling at Zones 1 and 2, the latter of which has already demonstrated its viability to host one of the three largest uranium mines globally.
The potential for Extract to deliver considerable further upside to its current Resource and Reserve inventory is evident, and we look forward to receiving further updates from Extract as it continues to prove up further Resources."
Extract announcement:
Extension of EPL 3138
Extract Resources Limited (ASX/TSX/NSX: EXT) ("Extract" or the "Company") is pleased to announce that Extracts wholly owned subsidiary, Swakop Uranium (Pty) Ltd, has received a two year extension for EPL 3138 (to April 2013), which covers the area where the Husab Uranium Project is located (see Figure 1).
The extension will allow Extract to continue its exploration program over the 15 kilometre prospective stratigraphic trend from the northern end of Zone 1, south to Salem.
Extract Resources CEO and Managing Director Mr Jonathan Leslie said: "This is an extremely positive outcome for the Company and confirms the Namibian Governments support for the Project and the exploration completed by the Company to date."
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About Extract Resources Ltd:
Extract Resources Ltd is an international uranium exploration and development company whose primary focus is in Namibia.
The companys principal asset is its 100%-owned Husab Uranium Project which contains one of the largest uranium only deposits in the world.
Extensive exploration potential also exists for new uranium discoveries in the region.
Extract Resources is listed on the Australian (ASX), Toronto (TSX) and Namibian (NSX) Stock Exchanges.
For further information, please visit www.extractresources.com or contact:
Extract Resources: UK
Jonathan Leslie, CEO
Tel: +44 (0)20 7317 9220
Extract Resources: Australia
Andrew Penkethman, Manager Projects
Siobhan Lancaster, Company Secretary
Tel: +61 (0)8 9367 2111
Extract Resources: Namibia
Nomvula Kambinda
Tom Ferreira
Tel: +264 (0) 61 300 220
Tel: +27 (83) 2646188
For Australian media enquires:
MAGNUS Investor Relations + Corporate Communication
John Gardner / Dudley White
Tel: +61 (0)2 8999 1010
Mob: +61 (0)413 355 997
Mob: +61 (0) 413 439 883
For UK media enquires:
Brunswick Group (UK) - Media
Carole Cable / Pip Green
Tel: +44 (0)20 7404 5959
**ENDS**
For further information please visit www.kalahari-minerals.com or contact:
Mark Hohnen
Kalahari Minerals plc
Tel: +44 (0) 20 7292 9110
Simon Raggett
Strand Hanson Limited
Tel: +44 (0) 20 7409 3494
Stuart Faulkner
Strand Hanson Limited
Tel: +44 (0) 20 7409 3494
Rory Murphy
Strand Hanson Limited
Tel: +44 (0) 20 7409 3494
Richard Chase
Ambrian Partners Ltd
Tel: +44 (0) 20 7634 4700
Rory Scott
Mirabaud Securities LLP
Tel: +44 (0) 20 7878 3360
Hugo de Salis
St Brides Media & Finance Ltd
Tel: +44 (0) 20 7236 1177
Susie Geliher
St Brides Media & Finance Ltd
Tel: +44 (0) 20 7236 1177
Ambrian, which is authorised and regulated in the United Kingdom by the Financial Services Authority, is acting for Kalahari as financial adviser in relation to the possible recommended cash offer for Kalahari by CGNPC Uranium Resources Co., Ltd and is not acting for or advising any other person and accordingly will not be responsible to any person other than Kalahari for providing the protections afforded to the customers of Ambrian or for providing advice in relation to the contents of this announcement.
Neither Ambrian nor any of its affiliates owes or accepts any duty, liability or responsibility whatsoever (whether direct or indirect, whether in contract, in tort, under statute or otherwise) to any person who is not a customer of Ambrian in connection with this announcement, any statement contained herein or otherwise.
Strand Hanson Limited, which is authorised and regulated in the United Kingdom by the Financial Services Authority, is acting for Kalahari as nominated adviser and is not acting for or advising any other person and accordingly will not be responsible to any person other than Kalahari for providing advice in relation to the contents of this announcement.
Neither Strand Hanson Limited nor any of its affiliates owes or accepts any duty, liability or responsibility whatsoever (whether direct or indirect, whether in contract, in tort, under statute or otherwise) to any person who is not a customer of Strand Hanson Limited in connection with this announcement, any statement contained herein or otherwise.
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St Brides Media & Finance Ltd
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