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 43% in ASX, TSX and NSX listed Extract Resources Limited and its circa 38% 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 been defined as the fourth largest uranium deposit in the world.

Consistently high assay results have identified the Husab project as the largest in-situ and highest grade granite-hosted uranium deposit in Namibia, with a current JORC compliant Measured and Indicated Resources for Zones 1 & 2 of 358.1 Mlbs and a JORC compliant Inferred Resource of 154.8 Mlb from Zones 1,2,3, 4 and 5. The DFS confirmed Husab's viability to become one of the top three largest uranium mines in the world, producing 15Mlb of U3O8 per annum via conventional open pit methods.

With a current Reserve of 319.9Mlb on Zones 1 & 2, of which 78.7Mlb is Proven (equivalent to four years of full production), and significant upside potential from newly delineated areas on the Husab Project, the Board of Kalahari is confident that Extract’s Reserve and Resource base will continue to grow, underpinning Husab's status as the most significant new uranium mine as it moves into production in 2014.

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 and a joint venture agreement with Extract to develop three highly prospective uranium licences. 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.