Companies: KAH   

Kalahari Minerals says recent drilling has identified ‘significant uranium intersections’ at Rossing South in Namibia.

Headed by entrepreneur Mark Hohnen, AIM-quoted Kalahari holds 39.1 per cent of Down Under-listed Extract Resources, which owns 100 per cent of Rossing South, in the region of major mining group Rio Tinto’s Rossing Uranium project. Latest drilling results from Rossing South show 167 metres at 229 parts per million of U308, 40 metres at 607 parts per million and 19 metres at 2,139 parts per million.

Kalahari also owns 90 per cent of the promising Namib lead and zinc project, while Extract, trading at around the equivalent of 60p in Australia, is actively involved in the promising Husab uranium project, also in Namibia. Floated at 15p two years ago and recommended by Growth Company Investor at 28p last year, Kalahari shares now stand at 38p, valuing the company at £62 million.

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Kalahari Minerals	AIM	£53.72m	32.25p	-1.25p
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Other company articles:
Rossing rouses Kalahari			14/05/2008
Rossing boost for Kalahari			01/02/2008
Uranium cheer for Kalahari			23/01/2008
Kalahari upbeat on Ida Dome			19/10/2007
Kalahari update positive			28/09/2007