Extract Resources cheers continued progress at Rössing South uranium project
12 March 2010
Australian-based uranium mine development and exploration company, Extract Resources, today said that its Rössing South Definitive Feasibility Study was continuing to progress well and was on track to confirm the project’s potential to be one of the world’s largest uranium mines.
The base case mine plan remains low risk, bulk tonnage, open pit mining, with ore processed through a conventional agitated tank leach plant.
Extract said size of the Rössing South mineralized system was continuing to grow with strong drilling results continuing from Zones 1 and 2. There are encouraging indications of significant mineralization on the western limb of the Rössing South antiform and high grade mineralisation in both zones.
Extract aims to announce an updated Rössing South resource in the third quarter of 2010. The updated estimate is expected to increase the overall size and confidence levels of the Rössing South resource.
AIM listed Kalahari Minerals, which holds a 40.41% interest in Extract, said it was “highly encouraged” by the latest news.
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