06/05/2009 - 12:43

Extract appoints Rothschild as adviser

06/05/2009 - 12:43

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Extract Resources has appointed Rothschild Australia as its corporate adviser to help facilitate the early development of its Rossing South uranium project in Namibia.

Extract Resources has appointed Rothschild Australia as its corporate adviser to help facilitate the early development of its Rossing South uranium project in Namibia.

The appointment comes on the back of 15 months of "extraordinary" growth, Extract said, which has brought it and Rossing South global attention.

The uranium explorer said Rothschild will undertake a strategic review of various options that have been made available.

"The company believes that such a review will also facilitate the early development of the Rossing South Project," it said.

Rossing South adjoins the Rio Tinto-operated Rossing uranium mine

Shares in Extract were down 21 cents to $4.99 at 14:21 AEST.

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