Husab Project: The licence is granted and permitted. Recent airborne radiometrics suggests there are a
number of uranium bearing granite intrusions within the licence. The ground includes uraniferous alaskites
similar to Rossing, though no historic drilling. The licence lies within the Namib-Naukluft National Park,
where exploration and subsequent mining is permitted. The area was previously worked by the Ida copper
mine and a fluorite mine. EXT plans to undertake geochemical and ground radiometrics in September,
with the first phase of drilling expected by October, subject to rig availability. Anglo American, explored the
vicinity in the 1970's, and intercepted 5 metres at 0.25% U3O8 on a trend that crosses into the Husab
licence. Rock-chip sampling on trend at the Husab mine returned a highest assay of 0.29% U3.
Following this trend into Husab will be a prime drilling target for EXT.
Can anyone tell me if this grade of uranium is reasonable???
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