Uranium cheer for Kalahari

Companies: KAH

12/02/2007

Copper and uranium prospector Kalahari Minerals reports encouraging drilling results from its Ida Central uranium project in Namibia.

According to AIM-quoted Kalahari, drilling at Ida has shown results including 41 metres at 0.234kg of U308 per tonne of ore, with one metre at 0.481kg a tonne. The company says geometric surveys also suggest its licences in the northern Uis area are prospective for uranium, though progress at another project, Rossing South, has so far been slow.

Commended by Growth Company Investor as a punt when they floated last March at 15p, Kalahari shares have now reached 28p, up 0.75p this morning, valuing the company at £28 million. Hold on.

Robert Tyerman

Related Articles:
Kalahari cancels Extract deal	19/11/2008
Rossing glow for Kalahari	11/11/2008
Rio buys into Kalahari	11/09/2008
Kalahari in Namibia merger plan	05/09/2008
New resource for Kalahari	08/08/2008
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Kalahari Minerals	AIM	£59.13m	35.50p	-0.50p
Click here for interactive charting
Other company articles:
Kalahari cancels Extract deal			19/11/2008
Rossing glow for Kalahari			11/11/2008
Exploration Insights by Robert Tyerman			06/10/2008
Rio buys into Kalahari			11/09/2008
Kalahari in Namibia merger plan			05/09/2008

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