Kalahari Minerals plc is a resource company with uranium, gold and base metal interests in Namibia. The principal activity of the Company and its subsidiaries include minerals exploration and development, as well as holding interests in a number of other base metal assets. It operates in the uranium market through Extract Resources Limited (Extract) and North River Resources plc (North River). Extract�s main asset is the Husab Uranium Project, located within the alaskite belt. Its copper project includes the Dordabis Project and the the Witvlei Project, which are operated through North River. Kalahari, through its circa 45% interest in North River Resources, has exposure to the Ubib Copper/Gold Project. Kalahari is also engaged in the Namib Lead Zinc Project through its circa 45% holding in North River. During the year ended December 31, 2010, the Company�s investment in Extract Resources Limited was increased from 40.41% to 41.12%.