🕐18.11.09 - 10:47 Uhr

Kalahari Minerals - Extract reports further exceptional results from world-class
Rossing South Project



Kalahari Minerals plc / Ticker: KAH / Index: AIM / Sector: Mining & Exploration 18 November 2009 Kalahari Minerals plc (Kalahari) Exceptional Results from Extract Resources
Kalahari Minerals plc, the AIM listed resource company with uranium, gold and base metal interests in Namibia, is pleased to provide an exploration update published by Extract Resources Ltd (Extract or the Company), in which Kalaharis subsidiary, Kalahari Uranium Limited, holds a 40.44% interest, on the large, high grade, granite hosted uranium system at Rossing South, part of Extracts world-class Husab Uranium Project.
Kalahari Chairman Mark Hohnen said, "The exceptional assay results again underpin the breadth of Rossing South and confirm the global significance of this massive mineralised system.

The continuity being confirmed by the in-fill drilling at Zones 1 and 2 is advancing the resource to Measured and Indicated status which is obviously crucial for the bankable feasibility study.

Importantly all zones of uranium mineralisation are still open at depth and along strike, in at least one direction, which reinforces our belief that the estimated resource figure of 500 million pounds U3O8 for the project is highly conservative.

Additionally at the Salem prospect, located approximately 10km south of Rossing South Zone 2, every hole drilled intersected multiple zones of anomalous uranium mineralisation from shallow depths, which again highlights the huge potential of the ever expanding Husab Project."
Extract announcement:
Rossing South Exploration Results further substantiate the significance of Husab Uranium Project
November 18, 2009: Extract Resources Limited (ASX/TSX/NSX: EXT), a uranium exploration and development company with projects in Namibia, today announced an exploration update on the large, high grade, granite hosted uranium system at Rossing South, part of EXTs world-class Husab Uranium Project.
Highlights:
* Chemical assay results confirm the continuity of uranium mineralisation at Rossing South, as the infill drilling moves the Inferred Resource closer to Measured and Indicated status.
* All zones of uranium mineralisation still open at depth and along strike, in at least one direction.


* 11 drill rigs operating on site, with more rigs being sourced to accelerate exploration and resource definition efforts.
* A RadonX exploration programme to commence over the entire Rossing South area of cover to delineate additional uranium anomalies.
* Further results assessed in early 2010; EXT continuing to progress the Rossing South Feasibility Study (due for completion in mid-2010).


The return of consistent zones of high grade, granite hosted uranium mineralisation from Rossing South continues to confirm the global significance of this massive mineralised system.


Extract Resources Chairman, Mr.

Steve Galloway, said: "Exceptional chemical assay results reinforce the view that Rossing South is one of the most significant uranium discoveries ever made.

The Company remains committed to defining the full potential of Rossing South with extensions to known resources being defined, along with exciting new discoveries."
"A programme of radon emanometry using a proprietary technique (RadonX) to further quantify the enormous potential of this project, will be completed over the next two months.

RadonX has been shown to be effective in the Rossing South environment and should accelerate exploration progress.

Results will be assessed in the New Year with additional rigs sourced to test the new targets."
The Company is also progressing the Feasibility Study for Rossing South, a key step in bringing the project into development in a timely and efficient way," Mr Galloway concluded.


Chemical assay results not previously reported from recent drilling at Rossing South include:
Hole ID From (m) To (m) Mineralised zones (U3O8) Zone 1
RDD078 336 367 31m @ 1578 ppm RRC449 88 225 137m @ 464 ppm RRC456 157 243 86m @ 480 ppm RRC461 61 131 70m @ 741 ppm RRC503 175 277 104 @ 485 ppm RRC504 108 145 37m @ 1247 ppm Zone 2
RDD059 393 411 18m @ 3028 ppm RDD075 371 417 46m @ 934 ppm RRC497 140 203 63m @ 924 ppm
Rossing South Exploration Update
General Exploration
RadonX is a proprietary technique whereby radon fluxing through permeable overburden, such as the Rossing South gravel plain, is captured by activated charcoal cartridges within inverted cups.

The cups are buried within the soil for approximately ten days, following which the gamma emitting radon daughter products are measured.

The technique is a refinement of the Radon-On-Activated-Charcoal (ROAC) method developed in South Africa during the 1980s.

A previous orientation RadonX survey over known uranium mineralization at Rossing South produced a compelling case for the effectiveness of the technique in the Rossing South environment, with a clear radon signature being produced in areas with up to 70 metres of overburden.

The planned programme also has the benefit of having a very low environmental impact as the pots will be laid out and collected on foot.


This survey is expected to commence this month and be completed in early 2010.

The results will be evaluated in quarter one 2010.

Following this review priority targets will be defined for drill testing.

This methodology is expected to accelerate progress in testing the enormous potential of the 15 kilometre long Rossing South mineralised trend.
The main targets remain the bulk tonnage primary, granite hosted uranium deposits, but potential also exists for the definition of surficial (secondary) channel hosted mineralisation.

The majority of the prospective zones highlighted by the dashed white lines have yet to be explored.

The Company remains committed to realizing the full potential of this richly endowed project.


Additional geological personnel and drill rigs are being sourced to accelerate exploration efforts.

Another large capacity RC rig has been booked to arrive on site after the Christmas break in January 2010.
Salem Exploration Update
First pass RC drilling has been completed at the Salem prospect located, approximately 10km south of Rossing South Zone 2.

14 holes for 3,955 metres have been completed.

The drilling was targeting a radiometric anomaly associated with a series of alaskite dykes that have intruded grey granite.

The geological setting for this style of primary granite hosted uranium mineralisation differs to that at Rossing South to the north and Ida Dome to the south.

The uraniferous granites at Salem have intruded grey biotite bearing granite.

This style of mineralisation and structural setting is not evident from magnetic data in the same way as Rossing South and Ida Dome.

Potential exists for concealed, Salem type uranium mineralisation further north under the Rossing South gravel plain.

RadonX will help explore for these targets, as well as the more typical Rossing South style of occurrence.
Every hole drilled at Salem intersected multiple zones of anomalous uranium mineralisation from shallow depths.

Unlike Rossing South, uranium mineralization at Salem outcrops at surface, and drilling indicates that the system remains open to the north and south, and at depth.

Results are shown in Appendix 2.


Resource Definition Update - Zone 1 & Zone 2
Eleven rigs are currently dedicated to infill and resource extensional drilling over Zone 1 and 2 to define resources for conversion to reserves as part of the Rossing South Feasibility Study.

A steady flow of quality chemical assay results reconfirms the continuity of the high grade granite hosted uranium mineralisation.


Diamond drilling in the gap between Zone 1 and Zone 2 has confirmed that both zones are part of the same mineralised system hosted within the Rossing South anticline.

The gap between Zones 1 and 2 is thus interpreted to be a down warped section of the anticlinal axis.

Drilling in this area is expected to define additional uranium mineralization which will add to the large resource base already defined.

Further resources are also expected to be defined in the area immediately to the south of Zone 2.
Open pit optimisation on the Inferred Resource defined at Zone 1 and Zone 2 suggests that the majority of resources defined to date are in potentially mineable positions.

The current open pit optimisation, based on a US$65 per pound U3O8 price (approximate long term contract price) has been pushed as deep 370 metres below surface.

The Company believes that ultimate pits in excess of 400 metres depth are a realistic objective, provided the continuity of the mineralised domains can be demonstrated.

Figure 2 shows an example of the Zone 1 uranium mineralisation with strongly mineralised domains open down dip.

All of this material has been captured within preliminary open pit optimisation studies.


A full list of recently received and previously unreported chemical assay results is shown in Appendix 2.


APPENDIX 2: TABLE OF NEW RESULTS Husab Project - Rossing South Prospect: RC and diamond drill hole assay results.

Uranium intersections greater than 100 ppm U3O8 over drill hole intersection widths of not less than 2 metres down hole width: Hole_id Northing UTM WGS84 33S Easting UTM WGS84 33S Azi_True (deg) Dip (deg) >From (m) To (m) Width (m) Grade (ppm U3O8)
PC092 7503350 506050 270 -60 65 70 5 424
RDD053 7503654 505306 90 -60 189 192 3 158
276 282 6 109
RDD059 7503303 506205 270 -60 393 411 18 3028
RDD071 7504002 505864 270 -60 303 308 5 226
319 341 22 957
353 359 6 163
RDD073 506107.3 7504005 270 -60 246.6 254 7.4 878
291 294 3 1640
306 316 10 312
328 352 24 688
371 379 8 271
RDD074 7504102 506104 270 -60 400 414 14 287
464 474 10 408
537 542 5 103
553 559 6 543
RDD075 7504404 506126 270 -60 348 353 5 314
371 417 46 934
Including
371 395 24 1516
and
401 417 16 401
RDD078 7505202 506304 270 -60 276 292 16 626
303 314 11 706
336 367 31 1578
424 435 11 159
RDD079 7505503 506105 270 -60 310 313 3 500
328 349 21 1200
Including
328 342 14 1346
and
347 349 2 3130
RDD085 7503153 505656 270 -60 72 74 2 246
92 102 10 109
129 138 9 886
184 199 15 1039
RRC417 7500003 504205 270 -60 237 241 4 356
RRC419 7500003 504405 270 -60 240 246 6 194
RRC420 7500003 504506 270 -60 258 266 8 174
RRC430 7500804 505204 270 -60 197 215 18 221
223 238 15 260
397 405 8 399
RRC443 7506854 506505 270 -60 15 20 5 164
35 43 8 116
52 55 3 105
RRC444 7506851 506606 270 -60 41 44 3 198
75 97 22 208
105 110 5 340
RRC445 7506853 506706 270 -60 44 49 5 111
96 101 5 787
125 133 8 2158
150 162 12 452
RRC446 7506954 506755 270 -60 54 59 5 919
79 82 3 470
136 138 2 163
155 193 38 395
220 232 12 284
244 256 12 240
RRC447 7506953 506656 270 -60 17 23 6 368
40 83 43 526
Including
40 44 4 238
and
51 73 22 896
and
79 83 4 365
94 129 35 618
156 160 4 719
RRC448 7505802 505813 270 -60 159 163 4 299
219 228 9 201
247 249 2 280
259 261 2 1211
RRC449 7505850 506400 270 -60 88 225 137 464
Including
88 100 12 146
and
105 130 25 504
and
137 143 6 256
and
152 225 73 646
248 250 2 365
262 269 7 1122
286 294 8 2725
308 310 2 126
333 364 31 474
RRC450 7505900 505950 270 -60 76 84 8 143
162 164 2 168
202 207 5 228
RRC451 7506453 506303 270 -60 96 98 2 575
RRC453 7506451 506505 270 -60 113 134 21 450
Including
113 122 9 868
and
127 134 7 198
154 156 2 852
188 193 5 110
226 231 5 175
242 244 2 190
258 269 11 265
278 283 5 220
RRC455 7506553 506455 270 -60 53 58 5 136
76 85 9 316
90 95 5 196
RRC456 7506554 506553 270 -60 60 68 8 112
157 243 86 480
Including
157 185 28 1160
and
190 204 14 213
and
213 221 8 309
and
227 243 16 166
RRC457 7506953 506553 270 -60 55 73 18 185
RRC458 7506950 506450 270 -60 0 7 7 107
RRC459 7507050 506400 270 -60 25 29 4 107
RRC460 7507050 506600 270 -60 45 48 3 432
75 81 6 235
118 126 8 280
RRC461 7507252 506505 270 -60 61 131 70 741
Including
61 81 20 1118
and
87 131 44 668
RRC462 7507253 506704 270 -60 263 268 5 265
RRC463 7507153 506449 270 -60 7 18 11 385
38 41 3 220
64 75 11 228
RRC464 7507152 506554 270 -60 25 42 17 109
48 55 7 404
70 75 5 201
116 123 7 145
RRC465 7507153 506657 270 -60 189 194 5 345
201 203 2 218
216 223 7 299
RRC466 7507249 506602 270 -60 174 182 8 273
187 190 3 379
202 215 13 191
RRC467 7502600 505450 270 -60 75 80 5 119
94 115 21 103
137 140 3 600
155 157 2 182
RRC468 7502650 505350 270 -60 116 118 2 144
135 143 8 303
RRC469 7502650 505450 270 -60 144 147 3 138
160 162 2 172
RRC470 7502650 505650 270 -60 208 210 2 121
265 268 3 158
RRC471 7500804 505304 270 -60 198 201 3 203
218 220 2 409
228 241 13 487
RRC472 7500805 505404 270 -60 261 270 9 164
284 290 6 254
RRC473 7500803 505504 270 -60 219 226 7 204
292 296 4 207
320 324 4 341
RRC474 7500400 504700 270 -60 216 230 14 116
RRC481 7500001 504604 270 -60 169 174 5 1766
286 289 3 165
RRC482 7500000 504700 270 -60 210 224 14 737
RRC483 7500000 504800 270 -60 205 232 27 290
244 246 2 142
RRC484 504900 7500000
170 175 5 772
235 240 5 309
RRC491 7507050 506700 270 -60 64 66 2 175
103 111 8 230
118 141 23 332
148 177 29 685
225 238 13 134
RRC492 7507050 506800 270 -60 236 238 2 257
245 250 5 125
262 273 11 186
RRC493 506750 7507150 270 -60 219 236 17 242
241 243 2 273
RRC494 505300 7502950 269.5 -60 51 56 5 113
61 63 2 121
73 79 6 116
100 105 5 421
112 119 7 259
RRC495 7502950 505350 270 -60 94 99 5 235
105 112 7 243
141 145 4 931
159 163 4 1315
RRC496 7502950 505450 270 -60 79 82 3 683
162 164 2 327
RRC497 7502950 505550 270 -60 140 203 63 924
220 226 6 239
237 239 2 199
244 247 3 158
256 263 7 133
RRC501 7505900 506250 270 -60 167 169 2 138
RRC502 7505950 506300 270 -60 58 114 56 315
Including
58 69 11 298
and
74 76 2 302
and
83 89 6 327
and
96 98 2 115
and
105 114 9 1135
127 132 5 193
144 150 6 657
165 172 7 201
233 235 2 172
241 256 15 167
RRC503 7505950 506450 270 -60 83 85 2 354
144 155 11 350
175 279 104 485
303 309 6 131
327 335 8 723
341 346 5 114
RRC504 7505950 506000 270 -60 108 145 37 1247
Including
108 121 13 1216
and
128 145 17 1774
167 172 5 290
208 225 17 356
RRC505 505950 7505950 270 -60 83 96 13 410
126 130 4 322
136 138 2 219
RRC511 7502700 505450 270 -60 102 107 5 128
124 127 3 177
135 139 4 262
202 211 9 299
RRC513 7502700 505650 270 -60 221 233 12 336
253 256 3 470
RRC514 7502750 505350 270 -60 146 148 2 246
RRC515 7502750 505450 270 -60 121 125 4 299
132 168 36 301
SRC001 7492100 505000 270 -60 5 18 13 135
31 55 24 221
63 88 25 103
102 106 4 121
111 127 16 138
133 147 14 255
SRC002 7492200 504900 270 -60 9 13 4 163
25 29 4 129
42 78 36 127
85 88 3 116
SRC003 7492200 505000 270 -60 11 21 10 104
39 70 31 187
79 81 2 138
111 120 9 175
129 131 2 177
SRC004 7492200 505100 270 -60 15 18 3 171
57 83 26 146
88 93 5 114
123 132 9 118
159 162 3 184
170 173 3 111
193 195 2 118
SRC005 7492300 504900 270 -60 8 65 57 294
70 86 16 112
128 134 6 116
SRC006 7492300 505000 270 -60 0 3 3 111
20 31 11 199
39 42 3 149
90 98 8 184
141 164 23 236
187 195 8 201
SRC007 7492300 505100 270 -60 37 39 2 200
102 106 4 134
138 143 5 132
149 166 17 110
184 186 2 160
193 197 4 167
202 206 4 101
SRC008 7492400 504900 270 -60 0 10 10 125
16 71 55 178
85 88 3 130
97 103 6 137
SRC009 7492400 505000 270 -60 1 3 2 113
94 96 2 109
110 114 4 187
183 185 2 135
SRC010 7492400 505100 270 -60 0 16 16 155
28 50 22 144
123 126 3 120
171 177 6 118
SRC011 7492500 504900 270 -60 5 7 2 343
38 41 3 194
68 70 2 134
SRC012 7492500 505000 270 -60 7 9 2 177
37 45 8 261
189 191 2 114
SRC013 7492500 505100 270 -60 13 16 3 124
27 29 2 254
37 41 4 140
61 70 9 106
78 80 2 117
129 135 6 141
SRC014 7492500 505200 270 -60 39 51 12 165
59 84 25 156
145 153 8 105
188 191 3 111
215 220 5 144
320 325 5 217
Notes: * Analyses on RC chips and � 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.
* * ENDS * *
For further information please visit www.kalahari-minerals.com or contact: Mark Hohnen Kalahari Minerals Plc Tel: +61 (0) 8 9389 4488 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 western and eastern central Namibia.

Its key investment is its circa 40% 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 Tintos 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 Resources) in excess of 292 M lbs U3O8 of which 267 M lbs U3O8 at a grade of 487 ppm from the two zones at Rossing South.

Importantly these are both open ended at depth and along strike.

Kalahari believes Extract has the ground and potential to deliver on Kalaharis estimates of a resource in the region of 500 M lbs U3O8.
Kalaharis copper interests are focussed on two project areas, Dordabis and Witvlei, where an exploration programme is underway to define +250,000 tonnes of copper metal.

A third project, Ubib, is believed to be prospective for gold mineralisation, whilst a forth project, the Namib Lead Zinc Project, centred on the old Namib Lead Mine, contains surface tails and underground mining reserves of 1.65 million tonnes at 5.7% zinc, 1.6% lead and 40.2 g/t silver (non JORC compliant).

Kalahari aims to take this final project to bankable feasibility study stage with a view to recommencing mining operations in the short term.
Susie Callear St Brides Media & Finance Ltd Chaucer House 38 Bow Lane London EC4M 9AY T: +44 (0) 207 236 1177 | M: +44 (0) 7976 749 561 | F: +44 (0) 207 236 1188 | www.sbmf.co.uk
______________________________________________________________________ This email has been scanned by the MessageLabs Email Security System. For more information please visit http://www.messagelabs.com/email ______________________________________________________________________



Products & Services | Jobs