another broker report, page-7

Another piece from minesite in the Brokers Notes section of ' Investors and Economy '.
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Ernst & Young’s Mining eye index monitors the performance
of AIM mining companies on a weekly basis and can be viewed
at www.ey.com/uk/miningeye. Movements and analysis of
the index are reported in this quarterly publication.

Q2 2009: emerging opportunities.
Winners in Q2 2009: growth and consolidation.

Kalahari Minerals points to the potential of the Rossing South uranium deposit.
Elsewhere, excitement continued to grow about the potential of Extract Resources’ high-grade Rossing South uranium deposit, part of the Husab uranium project. Polo
Resources holds a 10% stake in Extract, but AIM’s Kalahari Minerals is the major shareholder with a 40% interest. Postquarter-end, Extract announced a 34% increase in resource for Zone 1 of the Rossing South project, to 145m lbs of uranium, and a maiden JORC-compliant resource of 122m lbs for Zone 2.

According to the company, these results position Rossing South as one the world’s
largest uranium deposits. Kalahari has been raising its interest in Extract and is keen to protect the ASX-listed company’s independence. Rio Tinto’s 69%-owned subsidiary, Rossing Uranium, owns the nearby Rossing uranium mine and holds a 20.9% interest in Extract. Rio Tinto has confirmed that Rossing Uranium is seeking to negotiate a joint
venture for the development of Rossing South with Extract.

http://www.minesite.com/fileadmin/content/pdfs/Brokers_Notes_August_09/EY_Mining_eye_Q2_2009.pdf