- Zone 1 & 2 of Rossing South remain open along strike and down-dip indicating that Extract has the ground and potential to deliver a total resource in excess of 500 M lbs U3O8 from the entire Husab Project
- Completed two fund raisings raising in excess of GBP47 million primarily to maintain and increase position in Extract
Chairman's Statement
The highlight for us during this six month period was the confirmation from Extract Resources Limited that its Rossing South uranium deposit is the largest uranium discovery made in recent decades. With a current JORC resource of 267 M lb U3O8 for Zones 1 and 2 of Rossing South alone, Kalahari maintains that Extract has the ground and potential to deliver a total resource well in excess of 500 M lbs U3O8 from the entire Husab Project, which places it amongst the largest uranium projects in the world. Indeed, if the mineralisation continues at Rossing South, into further zones south of the initial two zones, as we expect, and has been indicted in recent announcements by Extract regarding the emergence of Zone 3, Extract will have a uranium project which will rival BHP Billiton's Olympic Dam project.
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