Additional Information
Market: AIM
Sector: General Mining - Uranium & Lithium
EPIC: KAH
Latest Price: 243.00p  (0,00%)
52-week High: 309.00p
52-week Low: 186.75p
Market Cap: 619.08M
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Kalahari Minerals
www.kalahari-minerals.com

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.

Pdf

Extract Resources cites dispute with Kalahari Minerals as reason for trading halt

25th May 2009, 8:16 am Extract Resources cites dispute with Kalahari Minerals as reason for trading halt
Extract Resources (ASX & TSX: EXT) requested a trading halt in its shares on the ASX today, citing a "dispute with its major shareholder", AIM listed Kalahari Minerals (AIM: KAH).  Extract said it was seeking advice on the matter and expects to advise the market before Wednesday 27th May 2009.

Extract Resources principal asset is its 100% owned Husab Uranium Project in Namibia which contains two known uranium deposit areas: Rossing South; and Ida Dome. In January Extract announced an initial resource estimate, following JORC Code and Canadian NI43-101 guidelines, for Zone 1 of the Rossing South project in Namibia, of 108 million pounds U308 at a grade of 430 ppm.

Kalahari Minerals recently raised approximately £17.89 million before expenses to maintain or possibly increase its 38.68% stake in Extract Resources.

There are several other significant stakeholders in both Extract Resources and Kalahari Minerals.  Rio Tinto (LSE:RIO) holds a 15.8% stake in Kalahari Minerals and a 15.6% stake in Extract.  Niger Uranium (AIM:URU) holds a 15.5% stake in Kalahari Minerals, while Emerging Metals (AIM:EML) has a 9.84% interest.  Stephen Dattles, Co-Chairman of Emerging Metals is also Chairman of Polo Resources (AIM: PRL), which holds a 5.7% stake in Extract Resources.   

 

 

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