Extract Resources Receives Environmental Approval

Extract Resources Limited (ASX:EXT) reports an environmental approval was received from Namibia’s Ministry of Environment and Tourism for the linear infrastructure to service its proposed Husab uranium project near Swakopmund, Namibia. 

The press release is quoted as saying:

 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’s Managing Director, Jonathan Leslie says:

 “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.”

Click here to access the entire news release.