Extract Says Uranium Resource Jumps to Sixth Biggest
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Extract Resources Ltd., the uranium explorer partly owned by Rio Tinto Group, said an increase in resources at its Rossing South project in Namibia makes the deposit the sixth biggest in the world.
Extract upgraded the size of the resource to 257 million pounds, a tenfold increase from July 2009, it said in a statement today to the Australian stock exchange. The deposit was previously rated the world’s eighth largest, Chief Executive Officer Jonathan Leslie said in a webcast.