4 days until we might see an offer?, page-4

"""We've had strong interest for project financing from global banks," he said, adding Extract continues talks aimed at bringing in a strategic partner for Husab."""




http://www.theaustralian.com.au/business/mining-energy/extract-resources-has-high-hopes-on-namibia-lease/story-e6frg9df-1226185122406


EXTRACT Resources hopes to secure a mining licence from the Namibian government for its $US1.66 billion ($1.54bn) Husab uranium project by next month.


"We're hoping for it at the end of the year and we've not heard any negative things coming out (of the government) which would give us alarm," Extract chief executive Jonathan Leslie said after the company's annual general meeting in Perth.

The company continues to pursue a standalone development for Husab, potentially one of the world's biggest uranium mines, despite the possibility it may become a takeover target if China Guangdong Nuclear Power makes a cash bid for Extract's 43 per cent shareholder Kalahari Minerals, Mr Leslie said.

Extract lodged a mining licence request last December, and the application is under "active consideration", he said.

"We've had strong interest for project financing from global banks," he said, adding Extract continues talks aimed at bringing in a strategic partner for Husab.


"We haven't closed off discussions with anyone -- we've kept lines of communication open with all those people in the partnership process," he said.