This has been a wonderful story and it seems to be getting better all the time.<\/p>\n
Excerpt from today’s Miningenews.net
\nExtract grows Rossing South again<\/b>
\nKate Haycock
\nThursday, 2 July 2009<\/p>\n
EXTRACT Resources has increased the resources at its flagship high-grade Rossing South project by 34% to 145 million pounds of uranium, firming the deposit\u2019s position as one of the biggest new uranium discoveries in the world.
\nIt has been a tough year for the company with corporate raids from the United Kingdom and an attempted board ousting that has ended with managing director Peter McIntyre resigning from his position.<\/p>\n
Despite the boardroom drama, Extract has continued to push ahead with exploration at its flagship Rossing South project.<\/p>\n
The resource upgrade announced today has upped resources at Rossing South to 145Mlb of uranium at a grade of 449 parts per million uranium.<\/p>\n
The overall estimate includes an indicated resource of 21 million tonnes at 527ppm uranium for 24Mlb uranium, and an inferred resource of 126Mt at 436ppm uranium for 121Mlb uranium.<\/p>\n
Perth-based Extract said Rossing South was proving itself as the highest-grade granite-hosted uranium deposit in Namibia.<\/p>\n
The next step for the company is to define a resource at the Zone 2 area, with the resource due in August.<\/p>\n
The project has attracted a great deal of interest, with Rio Tinto buying into the company last year, and the corporate drama from UK companies Kalahari Minerals and Polo Resources proving Extract has attracted a lot of attention.<\/p>\n
(IMO BMN will soon be shown to have a similar resource.)<\/p>\n","protected":false},"excerpt":{"rendered":"
This has been a wonderful story and it seems to be getting better all the time. Excerpt from today’s Miningenews.net Extract grows Rossing South again Kate Haycock Thursday, 2 July 2009 EXTRACT Resources has increased the resources at its flagship high-grade Rossing South project by 34% to 145 million pounds of uranium, firming the deposit\u2019s … Continue reading “Extract resources now one of biggest new uranium finds worldwide”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[5,9,22,24,35,47],"class_list":["post-129","post","type-post","status-publish","format-standard","hentry","category-uncategorized","tag-asx","tag-australia","tag-ext","tag-extract-resources","tag-namibia","tag-uranium"],"_links":{"self":[{"href":"https:\/\/www.australianuranium.com.au\/blog\/wp-json\/wp\/v2\/posts\/129","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.australianuranium.com.au\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.australianuranium.com.au\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.australianuranium.com.au\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.australianuranium.com.au\/blog\/wp-json\/wp\/v2\/comments?post=129"}],"version-history":[{"count":0,"href":"https:\/\/www.australianuranium.com.au\/blog\/wp-json\/wp\/v2\/posts\/129\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.australianuranium.com.au\/blog\/wp-json\/wp\/v2\/media?parent=129"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.australianuranium.com.au\/blog\/wp-json\/wp\/v2\/categories?post=129"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.australianuranium.com.au\/blog\/wp-json\/wp\/v2\/tags?post=129"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}