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EXT - Extract Resources Limited - Receives environmental approval for

Release Date: 25/07/2011 10:28
Code(s): JSE
Wrap Text

EXT - Extract Resources Limited - Receives environmental approval for linear infrastructure linked to the husab uranium project Extract Resources Limited ("Extract" or "the Company" 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 LINEAR INFRASTRUCTURE LINKED TO THE HUSAB URANIUM PROJECT Highlights: ' Environmental Impact Assessment for the linear infrastructure approved by Namibia`s Ministry of Environment and Tourism Extract Resources Limited (ASX/TSX/NSX: EXT) today announces that its subsidiary, Swakop Uranium, has received environmental approval from Namibia`s Ministry of Environment and Tourism for the linear infrastructure to service its proposed Husab Uranium Project near Swakopmund, Namibia. The linear infrastructure entails access roads, electricity, telecommunications and water supply. This is the second and last environmental approval needed for the Husab Uranium Project and is in addition to the environmental approval that the Company received in January 2011. Extract Managing Director Jonathan Leslie said: "Receipt of this last environmental approval represents another key milestone as we develop the world`s fourth largest uranium deposit at Husab. We have undertaken extensive specialist environmental studies and are committed to ensuring our environmental standards adhere to international best practice. With the environmental approvals now in place, we look forward to receiving our Mining Licence from the Ministry of Mines and Energy, the application for which was submitted in December 2010." Siobhan Lancaster Company Secretary Windhoek, 25 July 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: 25/07/2011 10:28:20 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.

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