Kalahari-Minerals plc

Kalahari Minerals plc

Kalahari Minerals plc is an AIM and NSX listed resource company with uranium, gold, copper and other base metal interests in Namibia.

The Company’s key value drivers are its holding of approximately 40% in ASX, TSX and NSX listed Extract Resources Limited and its circa 45% interest in AIM listed North River Resources plc.

Extract Resources

Extract Resources Limited’s main asset is the Husab Uranium Project, located approximately 45km north-east of Namibia’s main port - Walvis Bay, which has a current resource of 292 M lbs at a grade of 439 ppm U3O8.

Consistently high assay results have identified the Husab project as one of the largest uranium discoveries in the world with a current JORC resource for Zone 1 & 2 of 267 M lbs at a grade of 487 ppm U3O8. Importantly both zones remain open at depth and along strike.

The Board of Kalahari is confident that Extract has the ground and potential to deliver a resource in the region of 500 M lbs U3O8.

Uranium

The Husab Uranium Project is strategically located within a 50km radius of several world class uranium deposits and this geographical region is considered to be one of the most prolific uranium areas globally.

North River Resources

North River’s portfolio includes extensive copper and other base metals projects. Dordabis and Witvlei, are prospective for sediment hosted copper mineralisation consistent with the world class Zambian Copper Belt, while the Namib Lead/Zinc was a previously producing mine that the Company intends to re-activate.