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EXT - Extract Resources Limited - Extract Resources Receives Environmental
Approval For Husab Uranium Project
Extract Resources Limited
Registration No. ABN 61 057 337 952
Registered as an external company in Namibia
ISIN Code: AU000000EXT7
NSX Share Code: EXT
EXTRACT RESOURCES RECEIVES ENVIRONMENTAL APPROVAL FOR HUSAB URANIUM PROJECT
Highlights:
- Environmental Impact Assessment for the proposed Mining Licence Area
approved by Namibia`s Ministry of Environment and Tourism
- Mining Licence Application lodged in December 2010
Extract Resources Limited (ASX/TSX/NSX: EXT) ("Extract" or "the Company") today
announces that its subsidiary, Swakop Uranium, has received environmental
approval from Namibia`s Ministry of Environment and Tourism for its Husab
Uranium Project`s ("Husab") mining licence area. A separate Environmental Impact
Assessment (`EIA`) is in progress for the linear infrastructure for which public
consultation is scheduled in April and May.
The EIA and Environmental Management Plan (`EMP`) for the proposed mining
licence area were lodged with the Ministry in late November 2010. As part of the
process, both studies were made available to the public between 27 October and
22 November and public consultation meetings were held in Windhoek, Arandis and
Swakopmund. An external review of the draft reports was also completed by
independent environmental consultants in South Africa.
Approval of the EIA and EMP is a necessary step for obtaining a mining licence
for Husab, which is the fifth-largest uranium-only deposit in the world. The
mining licence application was lodged with Namibia`s Ministry of Mines and
Energy during December 2010.
Extract Managing Director Jonathan Leslie said: "Receipt of this environmental
approval is a key milestone as we develop the world-class uranium mine at Husab.
We have undertaken extensive specialist environmental studies and we are
committed to ensuring our environmental standards adhere to international best
practice. Our environmental commitment and clearance supports the tremendous
work that the team are doing to support the completion of the Definitive
Feasibility Study and is reflective of the positive regulatory and investment
environment in Namibia."
On behalf of the Board of Directors,
Jonathan Leslie
CEO
Windhoek, 28 January 2011
Registered Office
Swakop Uranium (Pty) Ltd
3 Schutzen Street
Windhoek
Namibia
Sponsor
IJG Securities (Pty) Ltd
Member of the NSX
100 Robert Mugabe Avenue
P O Box 186, Windhoek, Namibia
Registration No. 95/505
Date: 28/01/2011 12:07:03 Produced by the JSE SENS Department.
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