3rd Jun 2009 16:49
Kalahari Minerals plc / Ticker: KAH / Index: AIM / Sector: Mining & Exploration
3 June 2009
Kalahari Minerals plc ('Kalahari' or 'the Company')
Notice of Major Shareholdings by Prudential
Kalahari Minerals plc, the AIM listed mining exploration and evaluation group with a portfolio of uranium, copper and base metal interests in Namibia, was notified on 3 June 2009 that Prudential plc increased its holding in the Company on 2 June 2009 to 10,700,000 ordinary shares, representing 5.43% of Kalahari's issued share capital.
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For further information please visit www.kalahari-minerals.com or contact: |
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Mark Hohnen |
Kalahari Minerals Plc |
Tel: +61 (0) 8 9389 4488 |
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Olly Cairns |
Blue Oar Securities Plc |
Tel: +61 (0) 86430 1631 |
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Andrew Raca |
Blue Oar Securities Plc |
Tel: +44 (0) 20 7448 4400 |
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Richard Chase |
Ambrian Partners |
Tel: +44 (0) 20 7634 4700 |
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Rory Scott |
Mirabaud Securities LLP |
Tel: +44 (0) 20 7878 3360 |
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Hugo de Salis |
St Brides Media & Finance Ltd |
Tel: +44 (0) 20 7236 1177 |
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Susie Callear |
St Brides Media & Finance Ltd |
Tel: +44 (0) 20 7236 1177 |
Notes
Kalahari Minerals Plc is an AIM listed mining and exploration group with a portfolio of uranium, copper and base metal interests in western and eastern central Namibia. Its key investment is its 39.02% holding in ASX and TSX listed Extract Resources Limited (www.extractresources.com), which is developing the Husab Uranium Project, strategically located directly south of Rio Tinto's producing Rossing Mine. Results from ongoing drilling at the three main prospects within the project area, Rossing South, Ida Dome and Hildenhof, continue to reinforce Kalahari's belief that the area has a strong potential to host a world class uranium deposit. Extract has reported an initial total resource of 133.1 M lbs across its prospects and anticipates defining further resources in the near future.
Kalahari's copper interests are focussed on two project areas, Dordabis and Witvlei, where an exploration programme is underway to define +250,000 tonnes of copper metal. A third project, Ubib, is believed to be prospective for gold mineralisation, whilst a forth project, the Namib Lead Zinc Project, centred on the old Namib Lead Mine, contains surface tails and underground mining reserves of 1.65 million tonnes at 5.7% zinc, 1.6% lead and 40.2 g/t silver (non JORC compliant). Kalahari aims to take this final project to bankable feasibility study stage with a view to recommencing mining operations in the short term.
Related Shares:
Prudential