announcement just out says the ML has been granted in full. Just hope the 60 thousand seller pulls on open. Hmmmm
Harlee
MINING LICENCE ISSUED FOR HUSAB URANIUM PROJECT December 1, 2011: Extract Resources Ltd (ASX/TSX/NSX: EXT) ("Extract") is pleased to announce that the Ministry of Mines and Energy of the Republic of Namibia has now issued the Mining Licence (ML171) for the Husab Uranium Project. Issuance of the Mining Licence follows the receipt by the company of a notice of preparedness, as announced on November 30, 2011, and the acceptance by Swakop Uranium (Pty) Ltd, a wholly owned subsidiary of Extract and the holder of the licence, of the terms and conditions contained therein. ML171 covers an area of 110.1 km2 within Extract’s existing exploration concession, EPL3138, and is issued in respect of Nuclear Fuels including reserves defined to date within Zones 1 and 2 of the project, mineral resources defined within Zones 1 to 5, and the Middle Dome and Salem prospects (see Figure 1). The Mining Licence is valid for a period of twenty five years from the date of issue, unless abandoned, cancelled or extended in compliance with the Minerals (Prospecting and Mining) Act, 1992.
EXT Price at posting:
$8.02 Sentiment: LT Buy Disclosure: Held
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