“The discovery so early in the program is an outstanding result. This is only the first line on a 15 kilometre strike target, and grades are similar to the Rossing mine grades. These early results cannot be understated, and confirm Rossing South as a world-class target.”

The Rossing South discovery holes are approximately 1.5 kilometres from Extract’s northern boundary, which it shares with the world-class Rossing uranium province, and 7 kilometres south of the Rossing Mine itself.

The Rossing South target area extends for 15 kilometres onto Extract’s licence, and is covered by desert sands up to 50 metres thick. This is the first time this target has been drilled.

A core hole is currently being drilled beneath the discovery holes, and a scissor RC hole will also be drilled to check the orientation.

Reconnaissance drilling has also begun testing the bedrock 1.6 and 3.2 kilometres to the south and along the interpreted strike.

Anomalous zones of uraniferous alaskite have been identified, and deeper drilling into these zones is now also planned.