Extract Releases Maiden Zone 2 Resource at Rossing South Polo Resources (PRL), the AIM listed mining company with uranium and coal interests in Africa, Australia, Europe and Asia, is pleased to report that Extract Resources Limited ('Extract') announced today a JORC inferred resource estimate for Zone 2 Rossing South property of 102 Mt at an average grade of 543 ppm for 122 Mlbs U308.
The additional resource at Zone 2 represents an 84% increase to the total resources at Rossing South at grades even higher than those discovered in Zone 1. The maiden Zone 2 Resource, combines with the upgraded Zone 1 resource for a total Rossing South resource of 267 Mlbs U3O8 at 487ppm at a 100ppm cut-off grade. Extract's total JORC compliant resource at the Husab Uranium Project is now 292 M lbs U3O8 at 439ppm and the Rossing South deposit remains open in multiple directions and at depth.
Stephen R. Dattels, Polo's Chairman, said:
'In our opinion, the Rossing South Deposit has the potential for a further significant increase in its resource base given the exploration success to date. After only 18 months of resource drilling Extract has discovered a resource that ranks as one of the largest uranium deposits in the world. Extract's management has consistently under-promised and over-delivered and we expect rapid development of the Rossing South Project which has the potential to become one of the world's largest operating uranium mines.'
Polo Resources owns 9.06 % of Extract and together with its Chairman, Stephen R. Dattels owns 9.98%. Extract is the 100% owner of the Husab Uranium Project which contains the Rossing South and Ida Dome deposits.
The full details of Extract's announcement can be found at www.extractresources.com
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