Extract Appoints Chief Executive Officer

Kalahari Minerals plc, the AIM listed resource company with uranium, gold and base metal interests in Namibia, is pleased to announce the appointment of Jonathan Leslie as Chief Executive Officer of Extract Resources Limited (‘Extract’ or ‘the Company’), in which Kalahari has a 40.44% interest.  Mr. Leslie’s appointment follows a period of evaluation of a shortlist of high calibre applicants, with the necessary expertise to advance the Company’s world-class Husab Uranium Project towards production.

Kalahari Executive Chairman Mark Hohnen said, “This is a fantastic appointment for Extract, and is, in Kalahari’s opinion, a significant step change for the Company – one which we endorse robustly.  Jonathan has an exceptional level of experience in the uranium sector, particularly in marketing and management, stemming from his role as Managing Director of Rössing Uranium, Rio Tinto’s subsidiary which operates the producing Rössing Mine, from 1991 to 1994.  This high profile position, which saw him responsible for overall marketing of all uranium from the world’s largest uranium mine, established Jonathan as an international expert in the uranium industry and a well-respected figure in Namibia, with outstanding relationships with the Namibian government and mining agencies.

“His appointment has been the culmination of a long process intended to identify the best person, from an outstanding shortlist of industry professionals, who possesses both the operational expertise and corporate acumen to drive Extract during this transformational period in its development – transforming from a pure exploration company to a tier one uranium production company.  Jonathan has a proven track record in the uranium sector and I am confident that, whilst working closely with Norman Green, CEO of Extract’s subsidiary Swakop Uranium, he will be successful in developing the Rössing South project into one of the world’s largest uranium mines.”

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