Kalahari Minerals plc / Ticker: KAH / Index: AIM / Sector: Mining & Exploration
2 July 2010
Kalahari Minerals plc ('Kalahari')
Outstanding Infill Drilling Assay Results & New Zone of Mineralisation at Husab
Uranium Project
Kalahari Minerals plc, the AIM listed resource company, is pleased to provide
an update, published by Extract Resources Ltd ('Extract' or 'the Company'), in
which Kalahari's subsidiary, Kalahari Uranium Limited, holds a 41.06% interest,
regarding exceptional infill drilling assay results and the emergence of a new
zone of uranium mineralisation at Extract's world-class Husab Uranium Project
('Husab').
Kalahari's Executive Chairman, Mark Hohnen, said, "As Extract approaches its
production phase at Zones 1 and 2, these further exceptional assay results give
additional credence to Husab's ability to host a truly world-class operating
mine in the near future. The identification of high grade intercepts from
infill drilling on Zones 1 and 2, including an outstanding 68 metres grading
5,767ppm of U3O8, will enable accurate definition of the optimum mine plan,
further supporting the robust economics of the profitable, low risk, bulk
tonnage, open pit mine, with 20+ years mine life, which Extract is
establishing.
"The new zone of mineralisation further compounds the evidence of the
significant potential for Husab to accommodate multiple mining operations,
providing considerable additional standing to the project as a whole,
particularly as Extract approaches its production phase on Zones 1 and 2.
Importantly, this emerging mineralised zone remains open down dip and along
strike, and Extract will now initiate an additional drilling campaign. We
expect this drilling to considerably increase the known dimensions of this
zone, providing significant further upside to the entire Husab project and
establishing it, in Kalahari's opinion, as one of the most important uranium
discovery in recent decades."
Extract Announcement:
Rössing South: High Grade Result of 68 metres grading 5767 ppm U3O8
2 July 2010: Extract Resources Ltd (ASX/TSX/NSX: EXT), a uranium exploration
and development company with projects in Namibia, today announced exceptional
infill drilling assay results and the emergence of a new zone of uranium
mineralisation at Rössing South, part of Extract's world-class Husab Uranium
Project.
Strong drilling rates continue to support the next resource update which will
form the basis for completing the Rössing South Definitive Feasibility Study.
The Company remains committed to the development of a mine at this globally
significant project.
Highlights:
* Outstanding intercept of 68 metres grading 5767 ppm U3O8 in Zone 1.
* New zone of uranium mineralisation indicated at Rossing South based on
strong hand held spectrometer results from RC drilling samples
* Known dimension of Rössing South mineralised system now defined over eight
kilometres with indications of high grade mineralisation on southernmost
line of drilling.
* Seven kilometres of prospective 15 kilometre trend still to be tested.
* First firing of explosives at Rössing South undertaken.
* Steady flow of exceptional high grade chemical assays received from infill
and resource extensional drilling, including:
Hole ID From To Mineralised zones
(m) (m) (U3O8)
Zone 1
RDD195 295 347 52m @ 911 ppm
RRC811 108 145 37m @ 1604 ppm
RSRC001 57 74 17m @ 1549 ppm
and 194 262 68m @ 5767 ppm
Zone 2
RDD150 295 340 45m @ 768 ppm
RDD154 228 268 40m @ 879 ppm
RDD155 288 313 25m @ 1917 ppm
RDD157 313 374 61m @ 632 ppm
RRC797 152 189 37m @ 878 ppm
RRC805 115 142 27m @ 2188 ppm
RRC818 116 134 18m @ 1691 ppm
RRC826 69 89 20m @ 2072 ppm
RRC829 136 167 31m @ 1029 ppm
RRC835 184 206 22m @ 1164 ppm
RRC845 94 104 10m @ 2375 ppm
RRC873 118 133 15m @ 2192 ppm
Exploration Update - New Zone Emerging
Exploration drilling on five lines, 200 metres apart, has defined strongly
anomalous uranium mineralisation over 800 metres of strike, as indicated by
hand held spectrometer results from the bulk RC samples (see Figure 1).
Confirmation chemical assay results are required to fully quantify the
significance of these results, but based on past experience the Company
believes a new granite hosted zone of uranium mineralisation is emerging.
Chemical assay results will be released when available. Importantly,
mineralisation remains open down dip and along strike with additional drilling
expected to increase the known dimensions of this zone.
Additional drilling has been planned in this area to follow up on the highly
encouraging results returned to date.
Only the northernmost nine kilometres of the 15 kilometre long Rössing South
target have been drill tested. The prospective stratigraphy for hosting granite
hosted uranium mineralisation continues under the Rössing South gravel plain to
the Salem area (see Figure 1). Exploration drilling over this area will
continue, but given the enormous size of the target zone will be ongoing for
some time to come.
Resource Definition Update - Zone 1 & Zone 2
The main focus of drilling has been infill resource definition work aimed at
converting the Zone 1 and 2 Inferred Resource to Indicated (see Figure 2). Some
extensional, sterilization and exploration drilling is also being completed.
19 drill rigs are currently operating at Rössing South: nine RC rigs; and ten
diamond core rigs. Multiple significant results continue to be returned from
this drilling with a full list of recently received and previously unreported
results shown in Appendix 1. These results continue to demonstrate the
continuity of the granite hosted uranium mineralisation at Rössing South.
Rössing South Feasibility Study Update
Resource Update
Sufficient drilling has now been completed to define an updated resource
estimate for Rössing South within the third quarter of calendar 2010. The main
aim is to upgrade the current Zone 1 and Zone 2 Inferred Resource to Indicated
status. The Indicated Resource is expected to form the basis of the DFS mining
inventory so that reserves can be defined.
The images shown in Figure 2 highlight the Zone 1 and 2 resource areas which
will be the focus of the next resource update. The main mineralised population
is shown, as indicated by the >75 ppm U3O8 image. The assays >1600 ppm U3O8
demonstrate the extent of high grade drill hole intersections that tend to be
distributed throughout both zones. The >75 ppm U3O8 wireframe image shows the
grade shells that are being modeled for the resource upgrade.
First blast at Rössing South
A bulk sample is currently being mined from the northern end of Zone 1 to
assist with comminution testwork. This work commenced on Thursday 24th June
2010 when the first ever use of explosives at Rössing South was undertaken
(Figure 3).
The Definitive Feasibility Study (DFS) remains on track for completion in the
fourth quarter of the 2010 calendar year.
About Extract Resources
Extract Resources Ltd is an Australian-based uranium exploration and
development company whose primary focus is in Namibia. The company's principal
asset is its 100%-owned Husab Uranium Project which contains two known uranium
deposit areas, Rössing South and Ida Dome. Extensive exploration potential also
exists for new uranium discoveries in the region.
For further information, please contact:
Jonathan Leslie Siobhan Lancaster
Chief Executive Officer/Managing Director Company Secretary
jleslie@extractresources.com +61 89367 2111
slancaster@extractresources.com
The information in this report that relates to Exploration Results, Mineral
Resources or Ore Reserves is based on information compiled or reviewed by Mr
Martin Spivey, who is a Member of The Australasian Institute of Mining and
Metallurgy and Mr Andrew Penkethman who is a Member of the Australian Institute
of Geoscientists. Mr Spivey and Mr Penkethman are both full time employees of
the Company. Mr Spivey and Mr Penkethman have sufficient experience which is
relevant to the style of mineralisation and type of deposit under consideration
and to the activity which they are undertaking to qualify as a Competent Person
as defined in the 2004 Edition of the 'Australasian Code for Reporting of
Exploration Results, Mineral Resources and Ore Reserves'. Mr Spivey and Mr
Penkethman consent to the inclusion in this report of the matters based on
their information in the form and context in which it appears.
Reference to hand held spectrometer results refers to use of a Company owned
Exploranium, GR-135 Plus or Terraplus RS-125, hand held spectrometer. The
uranium values are recorded by placing the unit on the bulk RC sample bags or
individual trays of drill core and expressed as parts per million (ppm) eU
which is equivalent to ppm U. Results from these units provide an indication of
uranium mineralisation; they may also be affected by uranium mobility and
disequilibrium. These factors should be considered when interpreting eU
information whilst waiting for confirmation chemical assay results.
This press release contains forward-looking statements based on current
expectations. These forward-looking statements entail various risks and
uncertainties that could cause actual results to differ materially from those
reflected.
Figures relating to the Company announcement can be found at
www.kalahari-minerals.com.
Appendix 1
Husab Project - Rössing South Prospect: Drill hole chemical assay results.
Uranium intersections greater than 100ppm U3O8 over drill hole intersection
widths of not less than 2 metres down hole width:
Prospect Hole_Id Easting UTM Northing UTM Azi Dip From To Width U308
WGS84 33 S WGS84 33 S True
(Deg) (m) (m) (m) (ppm)
(Deg)
Zone 1 PC142A 506500 7506450 269.5 -60 66 69 3 101
Zone 2 PC165 505607 7504801 89.5 -60 135 142 7 261
Zone 2 PC165 505607 7504801 89.5 -60 151 154 3 880
Zone 1 PC165B 505550 7507050 90 -60 201 205 4 204
Zone 2 PC182 506306 7503704 270 -60 163 165 2 213
Zone 2 PC184 505700 7503750 0 -90 103 113 10 138
Zone 2 PC184 505700 7503750 0 -90 143 150 7 790
Zone 2 PC189 504855 7503551 89.5 -60 225 240 15 357
Zone 1 PC206 505800 7506050 90 -60 151 157 6 135
Zone 1 PC213 507154 7506953 269.5 -60 58 69 11 325
Zone 1 PC213 507154 7506953 269.5 -60 81 84 3 142
Zone 1 PC213 507154 7506953 269.5 -60 105 109 4 246
Zone 1 PC215 507201 7507052 269.5 -60 266 268 2 302
Zone 2 PC224 506250 7503850 270 -60 157 159 2 157
Zone 2 PC247 505055 7503653 95 -60 214 240 26 388
Zone 2 RBE221 509700 7502800 0 -90 100 104 4 106
Zone 2 RDD121 506044 7504403 270 -60 326 329 3 132
Zone 2 RDD121 506044 7504403 270 -60 361 388 27 434
Zone 2 RDD121 506044 7504403 270 -60 396 398 2 262
Zone 2 RDD121 506044 7504403 270 -60 410 418 8 574
Zone 2 RDD121 506044 7504403 270 -60 428 430 2 1915
Zone 2 RDD150 506052 7503954 269.5 -60 196 200 4 235
Zone 2 RDD150 506052 7503954 269.5 -60 234 242 8 143
Zone 2 RDD150 506052 7503954 269.5 -60 260 262 2 422
Zone 2 RDD150 506052 7503954 269.5 -60 271 273 2 838
Zone 2 RDD150 506052 7503954 269.5 -60 295 340 45 768
Zone 2 RDD150 506052 7503954 269.5 -60 386 392 6 320
Zone 2 RDD150 506052 7503954 269.5 -60 401 409 8 242
Zone 2 RDD150 506052 7503954 269.5 -60 416 423 7 157
Zone 2 RDD151 506061 7503853 269.5 -60 195 231 36 359
Zone 2 RDD151 506061 7503853 269.5 -60 260 277 17 514
Zone 2 RDD151 506061 7503853 269.5 -60 298 304 6 122
Zone 2 RDD151 506061 7503853 269.5 -60 311 337 26 220
Zone 2 RDD151 506061 7503853 269.5 -60 348 351 3 307
Zone 2 RDD151 506061 7503853 269.5 -60 362 371 9 530
Zone 2 RDD151 506061 7503853 269.5 -60 376 383 7 1169
Zone 2 RDD151 506061 7503853 269.5 -60 390 397 7 523
Zone 2 RDD152 506152 7503852 269.5 -60 258 267 9 363
Zone 2 RDD152 506152 7503852 269.5 -60 275 279 4 165
Zone 2 RDD152 506152 7503852 269.5 -60 302 308 6 306
Zone 2 RDD152 506152 7503852 269.5 -60 318 336 18 517
Zone 2 RDD152 506152 7503852 269.5 -60 374 391 17 181
Zone 2 RDD152 506152 7503852 269.5 -60 423 425 2 260
Zone 2 RDD153 506064 7503804 269.5 -60 244 260 16 717
Zone 2 RDD153 506064 7503804 269.5 -60 300 318 18 118
Zone 2 RDD153 506064 7503804 269.5 -60 327 339 12 201
Zone 2 RDD153 506064 7503804 269.5 -60 346 348 2 249
Zone 2 RDD153 506064 7503804 269.5 -60 354 360 6 697
Zone 2 RDD153 506064 7503804 269.5 -60 400 402 2 458
Zone 2 RDD154 506048 7503749 269.5 -60 178 184 6 133
Zone 2 RDD154 506048 7503749 269.5 -60 228 268 40 879
Zone 2 RDD154 506048 7503749 269.5 -60 285 299 14 166
Zone 2 RDD154 506048 7503749 269.5 -60 308 336 28 807
Zone 2 RDD154 506048 7503749 269.5 -60 342 344 2 288
Prospect Hole_Id Easting UTM Northing UTM Azi Dip From To Width U308
WGS84 33 S WGS84 33 S True
(Deg) (m) (m) (m) (ppm)
(Deg)
Zone 2 RDD155 506155 7503752 269.5 -60 239 250 11 175
Zone 2 RDD155 506155 7503752 269.5 -60 257 264 7 156
Zone 2 RDD155 506155 7503752 269.5 -60 288 313 25 1917
Zone 2 RDD155 506155 7503752 269.5 -60 334 337 3 388
Zone 2 RDD155 506155 7503752 269.5 -60 364 366 2 386
Zone 2 RDD155 506155 7503752 269.5 -60 409 419 10 545
Zone 2 RDD155 506155 7503752 269.5 -60 425 429 4 249
Zone 2 RDD156 506054 7503554 269.5 -60 199 202 3 396
Zone 2 RDD156 506054 7503554 269.5 -60 214 222 8 985
Zone 2 RDD156 506054 7503554 269.5 -60 236 239 3 530
Zone 2 RDD156 506054 7503554 269.5 -60 269 283 14 986
Zone 2 RDD156 506054 7503554 269.5 -60 302 312 10 336
Zone 2 RDD157 506155 7503554 269.5 -60 243 250 7 250
Zone 2 RDD157 506155 7503554 269.5 -60 261 267 6 549
Zone 2 RDD157 506155 7503554 269.5 -60 285 303 18 1375
Zone 2 RDD157 506155 7503554 269.5 -60 313 374 61 632
Zone 2 RDD158 505250 7504000 90 -60 354 359 5 532
Zone 4 RDD159 505350 7504000 90 -60 88 90 2 322
Zone 4 RDD159 505350 7504000 90 -60 149 151 2 240
Zone 4 RDD159 505350 7504000 90 -60 281 289 8 148
Zone 2 RDD161 506003 7504203 269.5 -60 257 262 5 255
Zone 2 RDD161 506003 7504203 269.5 -60 270 280 10 148
Zone 2 RDD161 506003 7504203 269.5 -60 325 339 14 394
Zone 2 RDD161 506003 7504203 269.5 -60 383 386 3 182
Zone 2 RDD161 506003 7504203 269.5 -60 409 413 4 466
Zone 2 RDD161 506003 7504203 269.5 -60 419 424 5 384
Zone 2 RDD166 506104 7504803 269.5 -60 287 289 2 145
Zone 2 RDD166 506104 7504803 269.5 -60 428 432 4 157
Zone 2 RDD166 506104 7504803 269.5 -60 461 478 17 332
Zone 2 RDD166 506104 7504803 269.5 -60 487 492 5 146
Zone 1 RDD195 506255 7505352 269.5 -60 295 347 52 911
Zone 1 RDD195 506255 7505352 269.5 -60 353 359 6 244
Zone 1 RDD195 506255 7505352 269.5 -60 418 420 2 219
Zone 1 RDD198 506255 7505553 269.5 -60 319 323 4 345
Zone 1 RDD207 506607 7506052 269.5 -60 239 242 3 161
Zone 1 RDD207 506607 7506052 269.5 -60 375 377 2 184
Zone 1 RDD207 506607 7506052 269.5 -60 385 399 14 529
Zone 1 RDD207 506607 7506052 269.5 -60 404 408 4 357
Zone 1 RDD207 506607 7506052 269.5 -60 416 425 9 684
Zone 1 RDD207 506607 7506052 269.5 -60 430 441 11 373
Zone 1 RDD219 506954 7507253 270 -60 335 337 2 1273
Zone 2 RRC713 505357 7501803 269.5 -60 139 141 2 128
Zone 4 RRC727 503806 7499401 0 -90 237 239 2 149
Zone 4 RRC727 503806 7499401 0 -90 259 268 9 660
Zone 4 RRC728 503907 7499402 0 -90 240 242 2 219
Zone 4 RRC729 504008 7499402 0 -90 185 189 4 219
Zone 4 RRC730 504010 7499603 0 -90 114 120 6 210
Zone 4 RRC730 504010 7499603 0 -90 190 192 2 336
Zone 4 RRC730 504010 7499603 0 -90 208 212 4 247
Zone 4 RRC730 504010 7499603 0 -90 239 248 9 693
Zone 1 RRC740 505854 7505554 269.5 -60 79 84 5 140
Zone 1 RRC740 505854 7505554 269.5 -60 102 107 5 162
Zone 3 RRC756 505504 7501003 269.5 -60 311 313 2 155
Zone 2 RRC757 505505 7502954 269.5 -60 120 122 2 167
Zone 2 RRC757 505505 7502954 269.5 -60 180 182 2 484
Zone 2 RRC757 505505 7502954 269.5 -60 198 201 3 137
Zone 1 RRC759 505905 7505254 269.5 -60 100 104 4 172
Zone 1 RRC760 505916 7505953 89.5 -60 118 120 2 372
Zone 1 RRC760 505916 7505953 89.5 -60 133 145 12 205
Zone 1 RRC760 505916 7505953 89.5 -60 155 157 2 259
Prospect Hole_Id Easting UTM Northing UTM Azi Dip From To Width U308
WGS84 33 S WGS84 33 S True
(Deg) (m) (m) (m) (ppm)
(Deg)
Zone 1 RRC760 505916 7505953 89.5 -60 162 171 9 354
Zone 1 RRC760 505916 7505953 89.5 -60 177 187 10 390
Zone 2 RRC770 504255 7502402 89.5 -60 342 344 2 154
Zone 4 RRC774 503605 7499602 0 -90 184 192 8 796
Zone 4 RRC775 503703 7499603 0 -90 197 203 6 388
Zone 4 RRC776 503803 7499605 0 -90 88 111 23 804
Zone 4 RRC776 503803 7499605 0 -90 124 131 7 163
Zone 4 RRC776 503803 7499605 0 -90 241 250 9 2114
Zone 4 RRC777 503904 7499606 0 -90 129 131 2 121
Zone 4 RRC777 503904 7499606 0 -90 145 153 8 514
Zone 4 RRC777 503904 7499606 0 -90 227 241 14 203
Zone 4 RRC779 503803 7500402 0 -90 186 189 3 171
Zone 4 RRC779 503803 7500402 0 -90 198 204 6 386
Zone 4 RRC779 503803 7500402 0 -90 210 212 2 695
Zone 4 RRC779 503803 7500402 0 -90 234 237 3 259
Zone 1 RRC781 505831 7505852 90 -60 154 159 5 297
Zone 1 RRC781 505831 7505852 90 -60 215 219 4 374
Zone 1 RRC781 505831 7505852 90 -60 224 228 4 644
Zone 1 RRC781 505831 7505852 90 -60 247 249 2 126
Zone 3 RRC782 503907 7500602 0 -90 217 221 4 628
Zone 4 RRC783 504004 7500602 0 -90 217 219 2 106
Zone 3 RRC784 504105 7500602 0 -90 93 105 12 125
Zone 3 RRC784 504105 7500602 0 -90 163 173 10 177
Zone 4 RRC787 503760 7500003 0 -90 119 126 7 405
Zone 4 RRC787 503760 7500003 0 -90 202 207 5 115
Zone 4 RRC788 503868 7500002 0 -90 86 89 3 118
Zone 4 RRC788 503868 7500002 0 -90 124 129 5 699
Zone 4 RRC788 503868 7500002 0 -90 167 194 27 733
Zone 4 RRC789 504068 7500002 0 -90 95 102 7 200
Zone 4 RRC789 504068 7500002 0 -90 119 130 11 120
Zone 4 RRC789 504068 7500002 0 -90 135 148 13 186
Zone 4 RRC789 504068 7500002 0 -90 157 162 5 117
Zone 4 RRC789 504068 7500002 0 -90 172 181 9 390
Zone 4 RRC790 503606 7499402 0 -90 267 269 2 360
Zone 4 RRC790 503606 7499402 0 -90 291 293 2 166
Zone 1 RRC793 505857 7506503 89.5 -60 65 75 10 281
Zone 1 RRC794 505809 7506503 89.5 -60 154 157 3 155
Zone 1 RRC796 505755 7506403 89.5 -60 112 118 6 236
Zone 1 RRC796 505755 7506403 89.5 -60 314 323 9 269
Zone 1 RRC796 505755 7506403 89.5 -60 337 339 2 205
Zone 2 RRC797 505206 7503454 89.5 -60 95 109 14 181
Zone 2 RRC797 505206 7503454 89.5 -60 127 135 8 165
Zone 2 RRC797 505206 7503454 89.5 -60 152 189 37 878
Zone 2 RRC797 505206 7503454 89.5 -60 196 202 6 263
Zone 2 RRC798 505100 7503450 89.5 -60 106 118 12 1059
Zone 2 RRC798 505100 7503450 89.5 -60 138 143 5 594
Zone 2 RRC798 505100 7503450 89.5 -60 187 189 2 268
Zone 2 RRC798 505100 7503450 89.5 -60 195 197 2 203
Zone 2 RRC798 505100 7503450 89.5 -60 289 291 2 127
Zone 2 RRC799 505000 7503450 89.5 -60 153 161 8 1292
Zone 2 RRC800 504900 7503450 89.5 -60 138 140 2 124
Zone 2 RRC800 504900 7503450 89.5 -60 151 160 9 147
Zone 1 RRC801 505830 7505953 89.5 -60 149 156 7 445
Zone 1 RRC801 505830 7505953 89.5 -60 162 165 3 244
Zone 1 RRC801 505830 7505953 89.5 -60 176 183 7 751
Zone 1 RRC801 505830 7505953 89.5 -60 188 204 16 297
Zone 1 RRC801 505830 7505953 89.5 -60 284 286 2 201
Zone 1 RRC802 505781 7505852 89.5 -60 276 310 34 496
Zone 2 RRC803 505206 7503301 269.5 -60 91 96 5 226
Prospect Hole_Id Easting UTM Northing UTM Azi Dip From To Width U308
WGS84 33 S WGS84 33 S True
(Deg) (m) (m) (m) (ppm)
(Deg)
Zone 2 RRC804 505107 7503302 89.5 -60 67 69 2 118
Zone 2 RRC804 505107 7503302 89.5 -60 95 97 2 138
Zone 2 RRC805 505005 7503303 89.5 -60 86 91 5 1614
Zone 2 RRC805 505005 7503303 89.5 -60 97 99 2 188
Zone 2 RRC805 505005 7503303 89.5 -60 115 142 27 2188
Zone 2 RRC806 504905 7503304 89.5 -60 111 116 5 991
Zone 2 RRC806 504905 7503304 89.5 -60 128 140 12 592
Zone 2 RRC807 504806 7503304 89.5 -60 140 142 2 174
Zone 2 RRC807 504806 7503304 89.5 -60 147 166 19 771
Zone 2 RRC808 504700 7503300 89.5 -60 207 230 23 505
Zone 2 RRC808 504700 7503300 89.5 -60 250 253 3 151
Zone 2 RRC809 504705 7503350 89.5 -60 181 190 9 135
Zone 2 RRC809 504705 7503350 89.5 -60 197 207 10 396
Zone 2 RRC809 504705 7503350 89.5 -60 215 245 30 300
Zone 2 RRC810 504800 7503350 89.5 -60 146 148 2 168
Zone 1 RRC811 505906 7505752 269.5 -60 75 77 2 118
Zone 1 RRC811 505906 7505752 269.5 -60 82 100 18 985
Zone 1 RRC811 505906 7505752 269.5 -60 108 145 37 1604
Zone 1 RRC811 505906 7505752 269.5 -60 174 183 9 141
Zone 1 RRC812 506304 7506152 269.5 -60 97 107 10 308
Zone 1 RRC813 505906 7506052 89.5 -60 104 109 5 295
Zone 1 RRC813 505906 7506052 89.5 -60 119 123 4 384
Zone 1 RRC813 505906 7506052 89.5 -60 134 155 21 460
Zone 1 RRC813 505906 7506052 89.5 -60 164 167 3 157
Zone 2 RRC814 505207 7503502 89.5 -60 114 139 25 340
Zone 2 RRC814 505207 7503502 89.5 -60 168 172 4 179
Zone 2 RRC815 505109 7503503 89.5 -60 137 152 15 812
Zone 2 RRC815 505109 7503503 89.5 -60 159 182 23 1055
Zone 2 RRC815 505109 7503503 89.5 -60 292 295 3 214
Zone 2 RRC817 504906 7503501 89.5 -60 207 211 4 503
Zone 2 RRC818 505108 7503404 89.5 -60 116 134 18 1691
Zone 2 RRC818 505108 7503404 89.5 -60 150 152 2 266
Zone 2 RRC819 505000 7503400 89.5 -60 156 163 7 314
Zone 2 RRC819 505000 7503400 89.5 -60 168 173 5 591
Zone 2 RRC820 504906 7503402 89.5 -60 160 171 11 374
Zone 2 RRC820 504906 7503402 89.5 -60 200 203 3 126
Zone 2 RRC821 504355 7502403 89.5 -60 220 222 2 148
Zone 2 RRC821 504355 7502403 89.5 -60 299 306 7 172
Zone 2 RRC824 504706 7503101 89.5 -60 103 108 5 103
Zone 2 RRC824 504706 7503101 89.5 -60 150 155 5 347
Zone 2 RRC825 504806 7503101 89.5 -60 95 97 2 352
Zone 2 RRC826 504906 7503101 89.5 -60 69 89 20 2072
Zone 2 RRC826 504906 7503101 89.5 -60 169 183 14 138
Zone 2 RRC826 504906 7503101 89.5 -60 211 217 6 111
Zone 2 RRC828 505105 7503103 89.5 -60 55 62 7 127
Zone 2 RRC829 505205 7503103 89.5 -60 91 100 9 181
Zone 2 RRC829 505205 7503103 89.5 -60 118 123 5 303
Zone 2 RRC829 505205 7503103 89.5 -60 136 167 31 1029
Zone 2 RRC830 505206 7503251 89.5 -60 55 60 5 126
Zone 2 RRC830 505206 7503251 89.5 -60 98 100 2 237
Zone 2 RRC831 505107 7503250 89.5 -60 136 140 4 143
Zone 2 RRC831 505107 7503250 89.5 -60 146 150 4 270
Zone 2 RRC832 505007 7503251 89.5 -60 72 77 5 2055
Zone 2 RRC832 505007 7503251 89.5 -60 90 109 19 331
Zone 2 RRC833 504900 7503250 89.5 -60 95 100 5 325
Zone 2 RRC833 504900 7503250 89.5 -60 106 111 5 427
Zone 2 RRC834 504800 7503250 89.5 -60 112 118 6 102
Zone 2 RRC834 504800 7503250 89.5 -60 137 149 12 438
Zone 2 RRC835 504700 7503250 89.5 -60 184 206 22 1164
Prospect Hole_Id Easting UTM Northing UTM Azi Dip From To Width U308
WGS84 33 S WGS84 33 S True
(Deg) (m) (m) (m) (ppm)
(Deg)
Zone 2 RRC836 505150 7503650 89.5 -60 193 203 10 204
Zone 2 RRC836 505150 7503650 89.5 -60 232 238 6 108
Zone 2 RRC837 505100 7503700 89.5 -60 258 269 11 157
Zone 4 RRC841 504005 7500405 0 -90 168 171 3 292
Zone 4 RRC841 504005 7500405 0 -90 177 180 3 329
Zone 4 RRC842 504105 7500405 0 -90 279 281 2 143
Zone 2 RRC843 504707 7503155 89.5 -60 166 171 5 873
Zone 2 RRC844 504805 7503151 89.5 -60 88 93 5 648
Zone 2 RRC845 504905 7503151 89.5 -60 58 64 6 104
Zone 2 RRC845 504905 7503151 89.5 -60 78 80 2 900
Zone 2 RRC845 504905 7503151 89.5 -60 94 104 10 2375
Zone 2 RRC846 505006 7503152 89.5 -60 60 65 5 109
Zone 2 RRC846 505006 7503152 89.5 -60 131 133 2 176
Zone 2 RRC847 505103 7503150 89.5 -60 100 103 3 175
Zone 2 RRC848 505207 7503150 89.5 -60 75 78 3 114
Zone 2 RRC848 505207 7503150 89.5 -60 125 127 2 114
Zone 2 RRC849 505205 7503054 89.5 -60 140 149 9 576
Zone 2 RRC850 505100 7503050 89.5 -60 172 174 2 144
Zone 2 RRC851 505100 7503000 89.5 -60 80 85 5 105
Zone 2 RRC853 504900 7503000 89.5 -60 73 75 2 179
Zone 2 RRC854 504800 7503000 89.5 -60 77 79 2 482
Zone 2 RRC855 504700 7503000 89.5 -60 114 127 13 1330
Zone 2 RRC861 504806 7503402 89.5 -60 211 216 5 1417
Zone 2 RRC862 504700 7503400 89.5 -60 82 84 2 491
Zone 2 RRC862 504700 7503400 89.5 -60 233 238 5 169
Zone 2 RRC862 504700 7503400 89.5 -60 251 253 2 298
Zone 2 RRC862 504700 7503400 89.5 -60 272 274 2 791
Zone 2 RRC863 504800 7503500 89.5 -60 78 80 2 195
Zone 2 RRC863 504800 7503500 89.5 -60 223 227 4 160
Zone 2 RRC871 504900 7503350 89.5 -60 101 120 19 254
Zone 2 RRC871 504900 7503350 89.5 -60 126 159 33 823
Zone 2 RRC871 504900 7503350 89.5 -60 175 177 2 236
Zone 2 RRC872 505000 7503350 89.5 -60 88 103 15 540
Zone 2 RRC872 505000 7503350 89.5 -60 160 169 9 856
Zone 2 RRC873 505100 7503350 89.5 -60 118 133 15 2192
Zone 2 RRC873 505100 7503350 89.5 -60 138 143 5 352
Zone 2 RRC874 505200 7503350 89.5 -60 78 81 3 134
Zone 2 RRC874 505200 7503350 89.5 -60 86 95 9 233
Zone 2 RRC874 505200 7503350 89.5 -60 119 122 3 300
Zone 2 RRC874 505200 7503350 89.5 -60 129 133 4 212
Zone 2 RRC882 504900 7503050 89.5 -60 99 101 2 236
Zone 1 RSRC001 506690 7506800 0 -90 32 50 18 255
Zone 1 RSRC001 506690 7506800 0 -90 57 74 17 1549
Zone 1 RSRC001 506690 7506800 0 -90 95 97 2 215
Zone 1 RSRC001 506690 7506800 0 -90 112 114 2 199
Zone 1 RSRC001 506690 7506800 0 -90 119 121 2 123
Zone 1 RSRC001 506690 7506800 0 -90 130 134 4 493
Zone 1 RSRC001 506690 7506800 0 -90 140 143 3 659
Zone 1 RSRC001 506690 7506800 0 -90 184 187 3 465
Zone 1 RSRC001 506690 7506800 0 -90 194 262 68 5767
Zone 1 RSRC001 506690 7506800 0 -90 270 272 2 617
Notes:
* Analyses on RC chips and ½ NQ drill core by Genalysis Laboratory Services,
Perth. Uranium assays were carried out by Four Acid Digest/MS (AT/MS).
* Metal values (U) have been expressed as parts per million (ppm) U3O8
converted to oxide values (U3O8) using a factor of 1.179 and rounded to
zero decimal places.
* Note that 100 ppm U3O8 is equivalent to 0.1 kg/t U3O8, which is 0.01% U3O8.
* Intersection widths are estimated to be approximately true width.
* Figures rounded to zero decimal places.
* * ENDS * *
For further information please visit www.kalahari-minerals.com or contact:
Mark Hohnen Kalahari Minerals plc Tel: +44 (0) 20 7292 9110
Simon Raggett Strand Hanson Limited Tel: +44 (0) 20 7409 3494
Stuart Faulkner Strand Hanson Limited Tel: +44 (0) 20 7409 3494
Rory Murphy Strand Hanson Limited Tel: +44 (0) 20 7409 3494
Richard Chase Ambrian Partners Ltd Tel: +44 (0) 20 7634 4700
Rory Scott Mirabaud Securities LLP Tel: +44 (0) 20 7878 3360
Hugo de Salis St Brides Media & Finance Ltd Tel: +44 (0) 20 7236 1177
Susie Callear St Brides Media & Finance Ltd Tel: +44 (0) 20 7236 1177
Notes to Editors:
Kalahari Minerals plc is an AIM and NSX listed resource company with uranium,
gold and base metal interests in Namibia. Its key investment is its 41.06%
holding in ASX, TSX and NSX listed Extract Resources Limited
(www.extractresources.com), which is developing the Husab Uranium Project,
strategically located directly south of Rio Tinto's producing Rossing Mine.
Work is focussing on three main prospects within the project area, Rossing
South, Ida Dome and Hildenhof, and results continue to underpin the
prospectivity of the region, particularly following the world class Rossing
South discovery. Extract has reported a JORC compliant combined Husab Resource
(Global Resource) in excess of 292 M lbs U3O8 at a grade of 439 ppm of which
267 M lbs U3O8 at a grade of 487 ppm is from the two zones at Rossing South at
100 ppm U3O8 cut-off. Importantly, these are both open ended at depth and along
strike. Kalahari believes Extract has the ground and potential to deliver on
Kalahari's estimates of a resource in the region of 550 M lbs U3O8.
Kalahari's other key investment is its circa 44.7% holding in North River
Resources plc, an AIM listed emerging southern African focussed multi commodity
resource development company.
END
KALAHARI MINERALS PLC
