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Additional information
Additional Information
Market: ASX, TSX
Sector: General Mining
Epic: ASX: EXT
News: Latest news
Web Site: Extract Resources
Other Articles: 01-03-201018-02-201011-01-2010

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Thursday March 18, 08:01SmartFocus, Amphion Innovations and National Milk Records confirmed for March 18 Forum

The presentations will start at 6:00pm and finish at approx 7:30pm. After the presentations are complete the directors will also be available to take questions during a free canapé and wine reception.

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Thursday March 18, 01:14Cisco remains at the forefront of internet infrastructure

The stock has recently managed to breakout above the long term resistance found at the $25 level which should now provide support for any pullback before the share price drives higher

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Monday March 15, 08:01China's growth boosting commodity prices

The latest economic figures from China have put pressure on the dollar and boosted a number of high-yielding currencies, including the Australian dollar and the South African rand.

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Extract Resources

Extract Resources

Extract Resources primary business focus is in the African nation of Namibia, in which it has a large land position of 2653km2 over several licenses. While the projects have various mineral occurrences, Extract's main objective is based around the potential of the uranium (U3O8) rich provinces in Namibia, particularly within the alaskite belt that hosts the world class Rossing Mine.

Extract's aim is to explore, evaluate, develop and produce U3O8 from its advanced projects, as a source of fuel conversion for low-cost, environmentally friendly nuclear power. In doing so, Extract maintains a policy of quality environmental management and social and corporate responsibility in meeting its business objectives.
Thursday, July 02, 2009

Extract Resources announces big jump in uranium resource at Rossing South in Namibia

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In news that is likely to be well received by investors, Extract Resources (ASX: EXT) has announced a new JORC resource estimate of 145 million pounds of uranium (U308) for Zone 1 Rossing South Project in Namibia.

This is a 34% increase from the previous estimate, 20 per cent of that resources in now in the Indicated category. 

Overall resource grade has also increased to 449 ppm u308. 

This represents the highest granite-hosted uranium deposit in Namibia.  A maident resource for Zone 2 at Rossing South is due in August 2009.  Together, on current trends would place Rossing South into the top 1p global uranium deposits by containted metal.

Importantly, both Zone 1 and Zone 2 desposits are still open along strike and down dip, pointing to possibility of additional resources.

Extract’s Managing Director, Peter McIntyre, said “The significance of the recent high grade intersections we have been reporting, are now being reflected in this major deposit.  This resource base is expected to support a long life, large scale open pit mining operation and a feasibility study is in progress to quantify this potential.”

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