Emerging Zone 5 at Husab?s R?ssing South:
o Chemical assay results including 29 metres assaying 1653 ppm U3O8 in RSRC002a
o Continuous mineralisation at Zone 5 has now been identified over a strike length of
1.7 kilometres and remains open along strike and down dip.
? Granite hosted uranium mineralisation now confirmed over nine kilometres of strike of
the R?ssing South Anticline with another six kilometres to be explored.
? Definitive Feasibility Study targeted for completion in Q4 of calendar 2010. Early stage
planning for Mining Licence application has commenced.
? Comminution test work commenced on a bulk sample of mineralised alaskite material
from R?ssing South.
? Continued drilling focussed on upgrading early mined material to a ?Measured?
Resource classification.
? Further exploration potential within Husab Uranium Project still to be tested with an
exploration drilling program continuing with a number of new targets planned for testing
in 2H, 2010.
? 17 drill rigs currently in operation.
September 9, 2010: Following the resource update announced on 10 August, 2010, which
confirmed R?ssing South as one of the world?s largest uranium deposits, Extract Resources
Limited (ASX/TSX/NSX:EXT) (?Extract? or ?the Company?) is pleased to provide an update on
progress at the Husab Uranium Project in Namibia.
Drilling Update
Multiple high grade, previously unreported, drilling results have been received from resource
definition and exploration drilling................
High grade uranium assays have been returned from newly discovered Zone 5 at R?ssing South
located approximately three kilometres to the south of Zone 2 along regional strike. Drill hole
RSRC002a returned an intersection of 29 metres grading 1653 ppm U3O8 from 279 metres. This
intersection ranks in the top 2 per cent for metal content within the current R?ssing South
database, and confirms Zone 5 as a high priority exploration target. Potential economic grades
have been encountered over 1.7 kilometres of strike at Zone 5, and the mineralisation remains
open along strike and down dip. A second significant intersection of 14 metres grading 1211 ppm
U3O8 was made in hole RSRC004, located 200 metres to the east of RSRC002a. As RC drilling in
this area has not intersected footwall gneiss, selected holes are currently being extended by
diamond core. The exploration model suggests that additional uranium mineralisation will be
intersected in the extended drill holes.
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