Company News: Extract Resources
Updated: 19 Feb 2010
The Company's 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.
Financial Information
- South Perth
- West Australia
- 6153
- au
Most Recent Company News
- Kalahari deal goes through - 03 Feb 2012 1:11pm
After some uncertainty regarding whether it had received enough share offers, China Guangdong Nuclear Power Corp (CGNPC) and Kalahari Minerals plc today confirmed the unconditional status of a £632 million (US$1 billion) bid for the Namibia-focused company Read more... - Guangdong Kalahari bid to close - 03 Feb 2012 12:52pm
Thursday was the closing date for acceptances on the £632 million (US$1 billion) offer for Kalahari Minerals plc, made by the China Guangdong Nuclear Power Corp (CGNPC)last December Read more... - Extract awaits developments - 16 Dec 2011 11:57am
The board of Extract Resources Ltd has advised shareholders to await its advice as the company considers a potential bid from two Chinese organisations Read more... - Extract studies options as US$2.2 billion China takeover looms - 09 Dec 2011 2:41pm
Extract Resources Ltd, owner of the world’s fourth-largest uranium deposit, is studying its options as a A$2.2 billion (US$2.2 billion) takeover bid from China looms following a deal to buy its biggest shareholder Read more... - Husab licence granted - 02 Dec 2011 12:13pm
The Namibian mines ministry has granted a mining licence to Extract Resources Ltd for its Husab uranium project Read more... - Kalahari back in talks with Chinese bidder - 14 Oct 2011 2:18pm
Kalahari Minerals plc has confirmed that discussions have recommenced with China Guangdong Nuclear Power Group Co (CGNPC) over a possible takeover of the uranium explorer Read more... - Namibia: A mineral cornucopia - 30 Sep 2011 11:48am
The re-election of President Hifikepunye Pohamba and his ruling South West African People’s Organisation (SWAPO) for a further five-year term in November 2009 has ensured the continuation of broadly pro-business policies Read more... - Uranium: Mixed recovery - 16 Sep 2011 11:47am
The accident at Japan’s Fukushima nuclear reactor in March this year has had a mixed impact on the uranium mining sector Read more... - Extract’s Husab reserve rises again - 12 Aug 2011 11:56am
The recent resource increase for Extract Resources Ltd’s Husab uranium project in Namibia has allowed an update of the reserve estimate, which defined a 37% rise in overall reserves to 280Mt Read more... - Significant resource increase at Husab - 10 Jun 2011 10:58am
The Husab project in Namibia has been confirmed as the fourth-largest uranium deposit in the world Read more...
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