re: bang!!!! Came across this information. UK sourceMining...

re: bang!!!! Came across this information. UK source

Mining Sector
Kalahari Minerals Plc (‘KAH’)*
17 February 2006
*Corporate
Highlights
�� Kalahari Minerals Plc (“Kalahari”) �� The Husab joint venture with Extract Resources (AU: EXT) is targeting known uranium mineralisation in close proximity to the world class Rossing and Langer Heinrich projects with drilling to commence imminently
The Husab uranium project, where Kalahari holds a 49% interest in joint venture with Extract Resources, adds some spice to the investment proposition. With known mineralisation and drill targets identified, Husab covers a 556 km2 area and is strategically located between the major Rossing uranium mine, operated by Rio Tinto, and Paladin Resources’ Langer Heinrich development.
Kalahari is positioned to define an initial copper resource across known deposits before progressing to the pre-feasibility stage. Elsewhere, magnetic anomalies provide high impact exploration potential as does the Husab uranium project. We believe that this mix of assets across the project lifecycle underpins value and offers significant upside.

Kalahari also holds a 49% interest in the Husab uranium project which covers a 556 km2 area and is strategically located between the major Rossing uranium mine, operated by Rio Tinto, and Paladin Resources’ Langer Heinrich development.
Portfolio is complemented by strategically located uranium assets
Namibia is an independent republic forming part of the Southern African region, situated north of South Africa and bordered in the west by the Atlantic Ocean. The country has excellent infrastructure with good quality sealed roads, a railway network and access to the power grid throughout the country. These facilities are in close proximity to Kalahari’s project areas.
Namibia provides a highly supportive operating environment
Namibian project locations
Kalahari has established a fully equipped exploration office in the capital Windhoek, and a regional office servicing field activities for the Dordabis project.
Uranium interests
Finally, Kalahari has a 49% interest in uranium exploration assets at Husab operated by Extract Resources. Polymetallic mineralisation is widely distributed throughout the region which hosts the Rossing uranium mine (Rio Tinto, 30km to the northwest) and the Langer Heinrich uranium development project (Paladin Resources, 35km to the southeast).
Kalahari’s high impact uranium assets are located between the world class Rossing and Langer Heinrich projects
Ground radiometric work on Husab in August 2005 confirmed uranium bearing anomalies of potential economic significance. Surface leaching of uranium is suspected, with uranium readings relating to zones of smokey quartz and biotite development. Minor yellow uranium oxide minerals have been observed locally.
Uranium bearing anomalies have been confirmed by ground radiometrics
Husab project
Source: Kalahari Minerals Plc
At the abandoned Ida mine, copper-uranium mineralisation is hosted within a shear corridor that can be traced for over 5km, while at the Husab fluorspar mine a vein stockwork exists over an area of several square kilometres but has yet to be systematically explored. Magnetic data show that the mineralised rock units continue under soil cover, and these will be subject to detailed exploration to identify targets for drilling.
Drill targets are to be identified with a systematic exploration program supported by existing data
A small discrete airborne anomaly was found to relate directly to stockpiles of “hand sorted” fluorspar at the abandoned Husab mine. Previous chemical assays of Husab fluorspar returned a peak value of 2.9 kg/tonne uranium oxide. Some 60 kilograms of samples from stockpiles are currently undergoing flotation testwork. The samples have returned average analytical values of uranium oxide 888 ppm (0.89 kg/t) and copper 0.61%.
Sampling has returned promising results
Approximately 40,000 tonnes of hand sorted fluorspar are presently contained within the mine dumps. In addition, numerous un-mined veins are present over a strike distance exceeding 4km. The veins average 1-3 metres in width and generally dip steeply to the southwest. Although sampling from the stockpiles should not be considered sufficient to fully represent the stockpiles or un-mined veins, this is clearly a very encouraging exploration target for Kalahari.
A field camp is currently being established in the Namib Desert ahead of the next stage of uranium exploration at Husab.

Aggressive exploration and resource definition program with pre-feasibility studies targeted for 2007
There is a good possibility that this development phase could begin as early as the second half of 2008 with production commencing around twelve months later towards the end of 2009.
Full scale mine development has potential to commence by late 2008
Further and significant upside is provided by the Husab uranium project as well as scope for regional exploration targeting extensive magnetic anomalies and IOCG mineralisation.
As Kalahari progresses through resource definition to full scale mine development, successful execution of the company’s operational milestones will provide a powerful share price catalyst. The proceeds of the placing will be used to enable the definition of significant copper and uranium resources in Namibia - this will be a key value driver in the shorter term.
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Kalahari Minerals Plc (‘KAH’)* 17 February 2006 > Mining Sector
Board and management
Mark Hohnen, Executive Chairman
Mr Hohnen has served on Kalahari’s board since its establishment. He has been involved in the minerals business since the late 70’s and has gained extensive international business experience at senior management level in a wide range of industries including mining and exploration, property, investment, software, and agriculture. Mr Hohnen is responsible for areas including financial compliance.
Peter McIntyre, Executive Director
BSc (Eng), MSc (Mngt), FIEAust
Mr McIntyre has been involved in the mining industry for over 25 years including 15 years with Western Mining Corp (WMC) in Australia. He has been involved with large base metals and gold projects, from feasibility and development through to project management. In addition to start-up business and project experience in Australia, Asia and Africa, he has gained broad exposure across all aspects of business and corporate management, with a primary focus on key issues including strategic planning, risk management, asset management and investment returns.
Professor Glyn Tonge, Non-executive Director
BSc (Hons), PhD, CBiol, FIBiol, FRI, FRSM
Professor Tonge is a partner and director of Vida Capital Partners LLP, a private equity fund investing across a wide range of sectors. Prior to this he was a director of Baring Brothers & Co Ltd where he worked in corporate finance with global responsibility for the healthcare sector. He has also been senior partner at an international management consulting firm, gaining experience which included time in South East Asia advising the governments of Malaysia and Indonesia on the use of natural resources.
Jon Akerman, Executive Officer – West Africa Gold Exploration (Namibia) Pty Ltd
Mr Akerman has a background in geophysics with over 30 years involvement in petroleum exploration and project management in Asia Pacific and South America, where he supervised exploration and development projects and liaised with relevant state bodies. He has extensive experience establishing business relationships in remote locations and managing teams in challenging environments.
Martin Spivey, Exploration Manager
MA (Hons), BSc (Geol), MAusIMM
Mr Spivey is a geologist with over 20 years involvement in resource exploration and development since graduating from Canterbury University in 1983. He has gained wide ranging experience in exploration for various styles of gold mineralisation, nickel sulphides and laterites, volcanogenic massive sulphides and carbonate hosted base metals, both in Australia and Africa.
Jan Joubert, Geological Adviser & Namibian Representative
BSc (Geol/Chem), BSc Hons (Geol), MSc (Geol)
Mr Joubert is a Namibian national and has 38 years experience in exploration and mining in Southern Africa having worked for companies including Anglovaal, Gold Fields, African Selection Trust and Palabora Mining. He provides a wealth of local knowledge with regard to Kalahari’s current and prospective areas and general operations. He has a detailed knowledge of the various settings for the targeted minerals as well as a practical metallurgical testing background.
Lucia Hamutenya, Business Consultant
B. Proc. (South Africa), Corporate LLM (U.S.)
Ms Hamutenya is a practising barrister (LP Hamutenya Chambers) in Windhoek, specialising in Corporate Law. She has previously worked with the Central Bank of Namibia supervising compliance and regulation of commercial banks. Ms Hamutenya also worked for ten years in New York with the United Nations Centre for Transnational Corporations.
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Kalahari Minerals Plc (‘KAH’)* 17 February 2006 > Mining Sector
Namibia country information
South Africa occupied the former German colony during World War I and administered it as a mandate until after World War II, when it annexed the territory. It was not until 1988 that South Africa agreed to end its administration in accordance with a UN peace plan for the entire region. Namibia won its independence in 1990. Hifikepunye Pohamba was elected president in November 2004 in a landslide victory replacing Sam Nujoma who led the country during its first 14 years of self rule.
Location Southern Africa, bordering the Atlantic Ocean, between Angola and South Africa
Land area 825,000 sq km
Climate desert; hot and dry; rainfall sparse and erratic
Resources diamonds, copper, uranium, gold, lead, tin, lithium, cadmium, zinc, salt, hydropower, fish
Population 2,030,692
Religions Christian 80% to 90% (Lutheran 50% at least), indigenous beliefs 10% to 20%
Languages English 7% (official), Afrikaans common language of most of the population and about 60% of the white population, German 32%, various indigenous languages
Govt type republic
Capital Windhoek
Legal system based on Roman-Dutch law and 1990 constitution
GDP growth 4.2% (2005 est)
GDP comp Agriculture (9.3%), Industry (27.8%), Services (62.9%) (2005 est)
Industries meatpacking, fish processing, dairy products, mining (diamonds, lead, zinc, tin, silver, tungsten, uranium, copper)
Currency Namibian Dollar (NAD)
Ports Luderitz, Walvis Bay
Source: CIA World Factbook
*It is proposed that Corporate Synergy Plc will act as Nominated Adviser and Joint Broker to Kalahari Minerals Plc contingent on its admission to AIM. Corporate Synergy Plc does not publish recommendations on companies with which it has a corporate relationship.
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Kalahari Minerals Plc (‘KAH’)* 17 February 2006 > Mining Sector
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Kalahari Minerals Plc (‘KAH’)* 17 February 2006 > Mining Sector