![\"hsuab\"](\"http:\/\/www.australianuranium.com.au\/blog\/wp-content\/uploads\/2011\/04\/hsuab.gif\")
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Husab Project Update<\/strong><\/p>\n Completed Definitive Feasibility Study on Zones 1 and 2 (DFS) of the Husab Uranium Project, which will become one of the three largest uranium mines in the world. Corporate<\/strong><\/p>\n CGNPC- URC announced a possible cash offer for Kalahari Minerals, our major shareholder. The Australian Securities and Investments Commission (\u201cASIC\u201d) expected to respond shortly to CGNPC\u2019s request to seek a waiver to acquire more than 20% of Extract\u2019s issued share capital. Husab Project Update Completed Definitive Feasibility Study on Zones 1 and 2 (DFS) of the Husab Uranium Project, which will become one of the three largest uranium mines in the world. Maiden reserve estimate for Zones 1 and 2 of 205 million tonnes at 497ppm for 225 million lbs contained uranium. Significant upside potential from … Continue reading “Extract -World's 2nd largest Uranium mine 5th largest Uranium resource”<\/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":[],"class_list":["post-607","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/www.australianuranium.com.au\/blog\/wp-json\/wp\/v2\/posts\/607","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=607"}],"version-history":[{"count":0,"href":"https:\/\/www.australianuranium.com.au\/blog\/wp-json\/wp\/v2\/posts\/607\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.australianuranium.com.au\/blog\/wp-json\/wp\/v2\/media?parent=607"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.australianuranium.com.au\/blog\/wp-json\/wp\/v2\/categories?post=607"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.australianuranium.com.au\/blog\/wp-json\/wp\/v2\/tags?post=607"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\n Maiden reserve estimate for Zones 1 and 2 of 205 million tonnes at 497ppm for 225 million lbs contained uranium.
\n Significant upside potential from Mine Optimisation and Resource Extension (M.O.R.E.) programme. Next resource update scheduled for Q2, 2011.
\n Outstanding initial chemical assay results received from Middle Dome highlighting this prospect as a priority exploration target.
\n Approval of Husab Uranium Project EIA received in January 2011.
\n EPL 31838 exploration license successfully extended for two years.<\/p>\n
\n Partnership process continues to evaluate opportunities to add value to the Husab Uranium Project through alternative development strategies.
\n Extract raised $60.9 million by a placing of 7.3 million shares to Kalahari Uranium Limited, a subsidiary of AIM listed Kalahari Minerals Ltd.<\/p>\n","protected":false},"excerpt":{"rendered":"