Extract Resources, the ASX & TSX listed Namibian uranium miner (ASX:EXT, TSX:EXT) part owned by Kalahari Minerals (LON:KAH) , released the latest drilling results on its Rossing South project on 21st May. Rossing South is the most significant global uranium discovery in decades and is likely to be amongst the worlds top 3 uranium mines once fully in production. For further analysis on Extract, see this: http://www.stockopedia.co.uk/content/the-extract-complex/30317.
Extract currently has the largest mineral drilling programme in Africa underway, with 19 rigs deployed. Since Extract's last JORC resource statement in July last year, the focus has mainly been on infill drilling on the existing known zones 1 and 2. This is necessary to form the basis of Extract's DFS (definitive feasibility study) which is due in the fourth quarter of 2010. I have analysed the latest results and believe that they reveal some interesting new information.......
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