Kalahari Minerals

• 

  05/12/11

  Commodities at early stage of "super cycle"

  The global economy is only in the early stages of the current super cycle and elevated commodity prices are likely to remain as developing nations industrialise, new research suggests. 

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  29/09/11

  Kalahari Minerals says it is focused on “achieving value for all stakeholders”

  Kalahari Minerals said this morning it is focused on “achieving value for all stakeholders” as preparations continue to bring the world class Husab uranium project into production.

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  11/08/11

  Kalahari Minerals: bid for uranium firm back on?

  Now that three months have elapsed since China’s CGNPC-URC was prevented from making a 270 pence per share offer for the firm, Ambrian believes that its bid for Kalahari could soon re-emerge.

• 

  07/06/11

  Kalahari Minerals reveals upgrade at Husab - 4th largest uranium deposit in world

  Kalahari Minerals confirmed that the Husab project in Namibia is the fourth largest uranium deposit in the world after revealing the results of Extract Resources's drilling which significantly upped the total resource.

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  12/05/11

  Kalahari Minerals: City analysts eye potential for fresh bids

  So what's next for Kalahari now that CGNPC-URC has withdrawn its offer for the company? Analysts reckon the Chinese may return for fresh takeover talks in the coming months, and they might have  to up the ante if Rio Tinto make a move in the meantime.

• 03/02/12

  Kalahari Minerals' Chinese takeover declared unconditional

• 11/01/12

  Kalahari Minerals’ Chinese takeover approved by Namibian regulator

• 09/12/11

  Kalahari Minerals agrees to £630 million Chinese takeover ---UPDATE

• 08/12/11

  Kalahari Minerals agrees to £630 million Chinese takeover

• 01/12/11

  Kalahari Minerals: Extract Resources gets mining licence for Husab uranium project

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  27/01/2010

  Mark Hohnen, Executive Chairman of Kalahari Minerals, talks to Proactive Investors
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  01/02/2009

  Kalahari Minerals talks to Proactiveinvestors (MP3)

  Mark Hohnen, Executive Chairman of Kalahari Minerals, talks about the newly announced initial resource statement for Rossing South - one the most significant new uranium discoveries in recent years - about progress made with the company’s base metals projects, and its relationship Rio Tinto and Extract Resources.
• 

  09/05/2008

  Extract Resources & Kalahari Minerals (PDF)

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  18/07/2007

  Proactive Audio Interview with Kalahari Minerals (MP3)

  Peter McIntyre, a director of Kalahari Minerals (& MD of Extract Resources) talks with Proactive about Kalahari’s Namibian lead, zinc, copper, and uranium interests and plans to move towards production. He also talks about the commercial and legal working environment in Namibia and the possibility of Black Economic Empowerment (BEE) in Namibia.

Kalahari Minerals plc is an AIM and NSX listed resource company with uranium, gold, copper and other base metal interests in Namibia.

The Company’s key value drivers are its holding of approximately 40% in ASX, TSX and NSX listed Extract Resources Limited and its circa 45% interest in AIM listed North River Resources plc.
  
Extract Resources is developing the Husab Uranium Project, strategically located within a 50km radius of several world class uranium deposits.  Consistently high assay results have identified the Rössing South discovery, one of two key areas within Husab, as one of the world's largest uranium deposits with a JORC resource of 267 M lb at a grade of 487 ppm U3O8 over two zones.  Importantly both zones are open ended at depth and along strike. The Board of Kalahari is confident that Extract has the ground and potential to deliver a resource in the region of 500 M lbs U3O8. 
   
Kalahari is interested in extensive copper and base metals projects through its controlling interest in North River Resources.  The Dordabis and Witvlei Projects are prospective for sediment hosted copper mineralisation consistent with the world class Zambian Copper Belt.  A third project, Ubib, is believed to be prospective for gold mineralisation and is nearby the operating Navachab gold mine.  North River, in tandem with Kalahari is also evaluating its highly prospective Namib Lead Zinc Project centred on the old Namib Lead Mine.

Upside potential through significant interests in substantial uranium, copper, zinc, lead and copper/gold projects
   
Rossing South is a major new discovery in a prolific uranium region flanked by major producers
   
Copper projects located in the prospective Kalahari Copper Belt which was identified in the1960’s
   
Stratabound, sedimentary-hosted copper deposits, similar to Zambian copper-belt

Uranium
The Company has exposure to the uranium market through its holding in ASX listed Extract Resources.  Extract’s main asset is the Husab Uranium Project, located within the alaskite belt approximately 45km north-east of Namibia’s main port, Walvis Bay. The project is strategically located within a 50km radius of several world class uranium deposits and this geographical region is considered to be one of the most prolific uranium areas globally. [READ MORE]

Copper
Kalahari’s copper exposure is through its controlling circa 45% interest in AIM listed North River Resources.

Located within the heart of the prospective Kalahari Copper Belt, which was discovered in the 1960s, North River controls two major project areas:
The Dordabis Project compromising Exclusive Prospecting Licences (EPL) 3257, 3279 and 3617

The Witvlei Project comprising EPLs 3258 and 3261, which combined cover a total area of 1532 km². 

North River, in tandem with Kalahari, is currently undertaking an exploration programme to define +250,000 tonnes of copper metal at Dordabis and Witvlei. [READ MORE]

Ubib Copper/Gold Project
Kalahari, through its circa 45% interest in North River Resources, has exposure to the Ubib Copper/Gold Project which is located 15km south-west of Namibia’s longest producing gold mine, the four million ounce Navachab Gold Mine. A 1.4km of laterally continuous gold in soil anomaly has been identified within a Ferruginous shear zone.  Best rock chip assay from the targeted drill area returned 10 g/t Au and 1.6 g/t Ag. [READ MORE]

Namib Lead/Zinc Project
Kalahari is interested in the Namib Lead Zinc Project through its circa 45% holding in North River Resources.

The Namib Lead Zinc Project is centred on the previously producing Namib Lead Mine, which was in operation from 1965-1992.  The underground mine remains semi-developed and preliminary metallurgical test work undertaken yielded favourable results indicating good separation of Lead (Pb) and Zinc (Zn) with high recoveries and grades. [READ MORE]

Mark Hohnen - Executive Chairman

Mr. Hohnen has been involved in the mineral business since the late 1970s. He has had extensive international business experience in a wide range of industries including mining and exploration, property, investment, software and agriculture. He has held a number of directorships in both public and private companies and was founding Chairman of Cape Mentelle and Cloudy Bay wines, as well as the oil and coal company Anglo Pacific Resources Plc.

Glyn Tonge - Non-Executive Director

Professor Tonge has international business, finance and management experience across a broad range of industries and for a number of years was a director of Baring Brothers & Co Ltd where he worked in corporate finance. He was until recently Pro Chancellor at Southampton Solent University. He is also a Fellow of the Royal Institution in London, a Fellow of the Society of Biology and a Fellow of the Royal Society of Medicine and also serves as a Non-executive Director of AIM listed North River Resources plc.

David de Jongh Weill - Non-Executive Director

Mr. Weill started his professional career with Salomon Brothers in derivative products sales and trading before moving to develop international proprietary trading with Greenwich Capital Markets six years later.  Focusing on private equity investment, predominantly in natural resource and media and technology companies, Mr Weill has considerable experience in proprietary trading in international financial markets, investment management, corporate finance, and corporate governance.  Mr Weill is a founder and partner of Chiliogon Partners LLP.

Neil MacLachlan - Executive Director

Mr. McLachlan has over 30 years experience in investment banking in Europe, South East Asia and Australia through his positions with the investment banking division of HSBC, as Deputy Chairman and CEO of Wardly Australia Ltd and as head of investment banking at James Capel & Co Ltd.  He also has extensive mining industry experience, having held the position of Executive Vice President, Asia for Barrick Gold Corporation and directorship positions at Golden Prospect Plc, Ambrian Partners Ltd.  Additionally, he was a founding director of Markham Associates, a corporate consultancy service focussed on smaller companies in the resource sector.

Richard Lockwood - Non-Executive Director

Mr. Lockwood has 50 years of experience in institutional investment, primarily with Hoare Govett in London and Australia and AMVESCAP, London.  He is currently a Senior Fund Manager for City Natural Resources High Yield Trust, New City High Yield Fund, Geiger Counter Limited and Golden Prospect Precious Metals.

Sumihiro Kamino - Non-Executive Director

Mr. Kamino's appointment to the Board is designed to ensure that the strategic relationship between Kalahari and ITOCHU, Kalahari’s strategic investor with a circa 15% interest, is maximised to the benefit of all stakeholders.  ITOCHU is a major Japanese trading house with a strong relationship with the Government of Japan. 

Janis Sawyer - Joint Company Secretary

Ms. Sawyer qualified as a Chartered Account in England and is now a Fellow member of the Institute of Chartered Accountants in Australia, a Fellow member of the Australian Institute of Company Directors and an Associate Fellow of the Australian Institute of Management WA Ltd. Ms Sawyer has acted as Company Secretary for numerous listed and unlisted Australian and UK based companies, operating in diverse industries, for in excess of 25 years.

Duncan Craib - Chief Financial Officer and Joint Company Secretary

Mr. Craib qualified as a Chartered Accountant in Perth, Western Australia, and has subsequently held senior financial and management roles in both publically listed and private enterprises in Australia, Europe and Africa. He has extensive international business experience which is primarily focussed on mining and exploration activities.

Mr. Craib became the full time CFO on 1 February 2011, having previously contracted his services while also serving as CFO to Universal Coal plc, as well as advising other listed entities.

Sadike Nepela - General Manager

Mr. Nepela is a graduate of the University of Witwatersrand, Johannesburg and has also studied at the University of Connecut, West Hartford, USA.  For a number of years he has served as an assistant to the Minister in the Namibian Ministry of Mines & Energy and most recently he has been the General Manager for Westport Resources, a subsidiary of Forsys Metals Corp.  He is also a Fellow of the International Centre for Research & Training in Major Projects Management, Montreal, Canada.

Financial summary:

Index AIM ALL

Status AIM

Stock Code KAH.L

Sector General Mining

Financial year end 31 December

Total issued share capital 245,424,578 Ordinary Shares

Total voting capital 245,424,578 Ordinary Shares

Percentage issued share capital not in public hands 39.1%

The Company shares are also traded on the Namibian Stock Exchange.

There are no restrictions on the transfer of AIM securities

Key Shareholders as at 15 August 2011

Key Shareholders Number Percent

APAC Resources Capital Limited 36,296,059 14.79%

Nippon Uranium Resources Australia Pty Ltd 33,781,505 13.76%

M&G Investment Management 30,100,000 12.26%

Rio Tinto International Holdings Australia Pty Ltd 28,267,310 11.50%

CQS 14,745,212 6.01%

Henderson New Star 11,341,518 4.62%

JP Morgan Asset Management   9,862,100 4.02%

Updated from Kalahari Minerals website 19.08.11

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