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Kalahari Minerals plc is engaged in the exploration, evaluation and development in Namibia. The Company has a portfolio of uranium, copper and base metal interests in Namibia. Its principal copper projects include Dordabis project and Witvlei project. The Company’s Ubib project covers approximately 713 square kilometer and is situated within a metallogenic terrain characterised by polymetallic base meal-uranium-gold mineralisation. The Company’s subsidiaries include West Africa Gold Exploration (Namibia) (Pty) Limited, Kalahari Uranium Limited and Craton Diamonds (Pty) Limited. On September 11, 2008, Rio Tinto acquired a 14.9% stake in Kalahari, and a 10.9% stake in Extract Resources, in which Kalahari’s subsidiary Kalahari Uranium Limited holds a 39.11% interest.