Kalahari Minerals’ Mark Hohnen Speaks to Proactiveinvestors

Mark, thank you very much for joining us for this interview.

Thank you Harry.
Earlier this week,* Extract announced the Maiden Resource at Rossing South. What are your thoughts on this resource and how big do you think Rossing south is going to be?

The Zone 1 resource that was announced this week was announced at 108 million pounds and at a grade of 430 parts per million. In the last year Extract announced its target here was 60 – 90 million pounds with a grade of 260 – 300 which is the same as Rossing. So they have exceeded that handsomely, but more interestingly it’s open to the north and the south and at depth, so Zone 1 itself is going to be much larger. Zone 2, which is 2 kilometres in length and has been drilled 2 kilometres in length, their target there is 90 – 105 million pounds. We believe that the upper side is certainly very achievable. Brock Salier, who is the Resource Analyst at Ambrian, our Brokers, has been on site there and his initial target for Rossing South is 300 million pounds; we think that’s very easily achievable given time and given drilling. The most important thing to remember is that the Rossing South structure is some 15 kilometres long and between Zone 1 and Zone 2 there have only so far drilled 4.4 kilometres. So there is another 11 kilometres of potential there and there is no reason to say that it isn’t all going to be bearing. So this thing could be a real elephant. It is certainly now the most important discovery in Namibia and one of the most important in the world. read more