Extract advancing financing talks for Husab

Uranium explorer Extract Resources says it is advancing financing talks for its $US1.66 biimpellar type sand washing machine productsllion Husab uranium project in Namibia, which is set to be the world's third-largest uranium-only mine.

Projects manager Andrew Penkethman also says Husab is set to become bigger with exploration success. "Finance discussions are going well - there is a real appetite to be involved in this project," Mr Penkethman told the Africa Down Under conference in Perth. "Husab is a giant... it is a globally strategic asset. "With further work, the commercial significance of Husab can only increase." The project contains the most significant uranium resource in Namibia and the fourth-largest in the world, he said, and ore reserve upgrades last month had extended the planned mine life from 16 years to more than 20 years. The company, which is 14.2 per cent held by mining giant Rio Tinto, plans to...