Keywords : Australia | London | Namibia | Uranium |

SOUTH PERTH, Australia, May 11 /CNW/ - Extract Resources Ltd (ASX: EXT) (TSX: EXT) (NSX: EXT) ("Extract") welcomes the confirmation made by Hon. Isak Katali, Minister of Mines and Energy that the proposed changes to the Namibian Minerals Policy will not apply to existing exploration and mining licences.

The Minister has also confirmed that existing mining licence applications will be considered under the existing procedures on their own merit. Consequently, Extract can confirm the proposed policy changes will not adversely affect Swakop Uranium's existing EPL or its application for a mining licence for the Husab Uranium Project.

About Extract Resources

Extract Resources Ltd is an international uranium exploration and development company whose primary focus is in Namibia. The company's principal asset is its 100%-owned Husab Uranium Project which contains one of the fifth largest uranium only deposits in the world. Extensive exploration potential also exists for new uranium discoveries in the region. Extract Resources is listed on the Australian (ASX), Toronto (TSX) and Namibian (NSX) Stock Exchanges.

For further information:

please visit www.extractresources.com or contact:

Extract Resources: London Office Jonathan Leslie, CEO	Tel: +44 (0)20 7317 9220
Extract Resources: Perth Office Siobhan Lancaster, Company Secretary/Corporate Affairs	Tel: +61 (0)8 9367 2111 slancaster@extractresources.com
Extract Resources: Namibia Tom Ferreira Nomvula Kambinda	Tel: +27 (83) 2646188 tom@swakopuranium.com.na Tel: +264 (0) 61 300 220 nomvulak@swakopuranium.com.na
Australian Media Enquiries: MAGNUS Investor Relations/Corporate Communication (Australia) John Gardner and Dudley White	Tel: +61 (0)2 8999 1010 Mob: +61 (0)413 355 997 Mob: +61 (0) 413 439 883
UK Media Enquiries: Brunswick Group (UK) Carole Cable / Pip Green	Tel: +44 (0)20 7404 5959

Extract Resources

	DEVELOPMENT STAGE
	CODE : EXT.AX
	ISIN : AU000000EXT7

Follow and Invest

Add Alert	Add to Watchlists	Add to Portfolio	Add Note

Profile Market
Indicators VALUE :
Projects & res.Press
releases Annual
report RISK :
Asset profile Contact Cpy

Extract Res. is a gold development stage company based in Australia.

Extract Res. develops gold and uranium in Australia and in Namibia, and holds various exploration projects in Australia.

Its main assets in development are BURNAKURA / NOA2 in Australia and ROSSING in Namibia and its main exploration properties are UIS and HUSAB in Namibia and BURNAKURA and TUCKABIANNA in Australia.

Extract Res. is listed in Australia, in Canada and in Germany. Its market capitalisation is AU$ 2.7 millions as of today (US$ 1.7 millions, € 1.6 millions).

Its stock quote reached its highest recent level on February 25, 2011 at AU$ 9.92, and its lowest recent point on September 08, 2023 at AU$ 0.01.

Extract Res. has 243 552 298 shares outstanding.

Legends
	Production
	Mine development
	Discovery
	Exploration
	Past producer
On Google Earth, click on the button, to show property information, and access to project page or company page.