Sharenet Sites 
Sharenet Sites
EXT - Extract Resources Limited - Extract Resources Receives Environmental Approval For Husab Uranium Project Extract Resources Limited Registration No. ABN 61 057 337 952 Registered as an external company in Namibia ISIN Code: AU000000EXT7 NSX Share Code: EXT EXTRACT RESOURCES RECEIVES ENVIRONMENTAL APPROVAL FOR HUSAB URANIUM PROJECT Highlights: - Environmental Impact Assessment for the proposed Mining Licence Area approved by Namibia`s Ministry of Environment and Tourism - Mining Licence Application lodged in December 2010 Extract Resources Limited (ASX/TSX/NSX: EXT) ("Extract" or "the Company") today announces that its subsidiary, Swakop Uranium, has received environmental approval from Namibia`s Ministry of Environment and Tourism for its Husab Uranium Project`s ("Husab") mining licence area. A separate Environmental Impact Assessment (`EIA`) is in progress for the linear infrastructure for which public consultation is scheduled in April and May. The EIA and Environmental Management Plan (`EMP`) for the proposed mining licence area were lodged with the Ministry in late November 2010. As part of the process, both studies were made available to the public between 27 October and 22 November and public consultation meetings were held in Windhoek, Arandis and Swakopmund. An external review of the draft reports was also completed by independent environmental consultants in South Africa. Approval of the EIA and EMP is a necessary step for obtaining a mining licence for Husab, which is the fifth-largest uranium-only deposit in the world. The mining licence application was lodged with Namibia`s Ministry of Mines and Energy during December 2010. Extract Managing Director Jonathan Leslie said: "Receipt of this environmental approval is a key milestone as we develop the world-class uranium mine at Husab. We have undertaken extensive specialist environmental studies and we are committed to ensuring our environmental standards adhere to international best practice. Our environmental commitment and clearance supports the tremendous work that the team are doing to support the completion of the Definitive Feasibility Study and is reflective of the positive regulatory and investment environment in Namibia." On behalf of the Board of Directors, Jonathan Leslie CEO Windhoek, 28 January 2011 Registered Office Swakop Uranium (Pty) Ltd 3 Schutzen Street Windhoek Namibia Sponsor IJG Securities (Pty) Ltd Member of the NSX 100 Robert Mugabe Avenue P O Box 186, Windhoek, Namibia Registration No. 95/505 Date: 28/01/2011 12:07:03 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.
