Company Profile

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 is developing the Husab Uranium Project, strategically located within a 50km radius of several world class uranium deposits.  Consistently high assay results have identified the Husab project as the largest in-situ and highest grade granite-hosted uranium deposit in Namibia.  Husab has a current JORC compliant Measured and Indicated Resource for Zones 1 & 2 of 257 Mlbs at a grade of 480 ppm U3O8 and an JORC compliant Inferred Resource of 110.3Mlb at a grade of 400 ppm from Zones 1,2,3 and 4.

With further drilling scheduled on newly delineated areas, the Board of Kalahari is confident that Extract’s resource base will continue to grow, providing Extract with the ground and cover to support multiple mining operations. 

Kalahari is interested in extensive copper and base metals projects through its controlling interest in North River Resources.  The Dordabis and Witvlei Projects are prospective for sediment hosted copper mineralisation consistent with the world class Zambian Copper Belt.  A third project, Ubib, is believed to be prospective for gold mineralisation and is nearby the operating Navachab gold mine.  North River, in tandem with Kalahari is also evaluating its highly prospective Namib Lead Zinc Project centred on the old Namib Lead Mine.