Polo calls for EGM of Extract


 

TIDMPRL 
 
RNS Number : 7939S 
Polo Resources Limited 
26 May 2009 
 

 
 
For immediate release 
                                      26 May 2009 
 
 
 
 
Polo Resources Limited 
("Polo Resources", "Polo" or "the Company") 
 
 
Polo calls for EGM of Extract 
 
 
Polo Resources Limited (AIM: PRL) announced today that it is in the process of 
requisitioning an EGM of Extract Resources Limited ("Extract"), to appoint 
Stephen Roland Dattels as a director of Extract. 
 
 
Polo has a 9.08 % interest in Extract and Mr Dattels has a beneficial interest 
in 0.92 % of Extract. 
 
 
Guy Elliott, a director of Polo, also has an interest of 0.01% in Extract. 
 
 
Mr Dattels has significant experience in the Uranium sector. He is currently a 
Director of Berkeley Resources Limited which is a developer of Uranium resources 
in Spain. Previously, he was the founder of UraMin Inc, which developed the 
Trekkopje Deposit in Namibia to feasibility study as a heap leaching Uranium 
project. UraMin Inc was sold in July 2007 for $2.5 billion to Areva, the French 
Government owned fully integrated Uranium company, which has made a substantial 
capital commitment to Namibia, largely towards the development of the Trekkopje 
Deposit to its intended commercial production in 2010. 
 
 
Mr Dattels said today that: 
 
 
"Polo is committed to seeing the development of the Rossing South Deposit owned 
by Extract as a stand alone operation. 
 
 
Work undertaken by Polo's technical advisor on a conceptual plan for the Rossing 
South Deposit, based on publicly available information, indicates that 
production is feasible as early as Q4 2011. This may be achievable as a 100% 
heap leaching operation, depending on the scheduling and results of feasibility 
work being undertaken by Extract." 
 
 
 
 
 
 
Contacts: 
 
 
+----------------------------------------+----------------------------------------+ 
| Polo Resources Limited                 |         Tel: +27 82 404 36 37          | 
| Neil Herbert, Managing Director        |                                        | 
+----------------------------------------+----------------------------------------+ 
| Canaccord Adams                        |           Tel: +44 (0) 207 050 6500    | 
| Mike Jones/Ryan Gaffney                |                                        | 
|                                        |                                        | 
+----------------------------------------+----------------------------------------+ 
| Financial Dynamics                     |          Tel: +44 (0) 20 7831 3113     | 
| Ben Brewerton                          |                                        | 
| Edward Westropp                        |                                        | 
+----------------------------------------+----------------------------------------+ 
 
 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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