Extract Resources subsidiary Swakop Uranium has received environmental approval from Namibia's Ministry of Environment and Tourism for its Husab uranium project’s mining licence area.
The Husab project is located around 45km north-east of Namibia's main port, Walvis Bay, and within Alaskite Alley, an area that holds several uranium deposits.
The company submitted an application for an Environmental Impact Assessment and Management Plan with the Ministry in November 2010, followed by a mining licence application to the Ministry of Mines and Energy in December 2010.
Extract Resources managing director Jonathan Leslie said the company has undertaken extensive specialist environmental studies on the project.
"Our environmental commitment and clearance supports the tremendous work that the team are doing to support the completion of the DFS and is reflective of the positive regulatory and investment environment in Namibia," Leslie said.