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 367Mlb, establishing it as the fifth largest global uranium deposit.

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 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.

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.