- Focused on investing in metals and bulk commodities where there is an anticipated imbalance in supply and demand.
- The Company’s initial investment was the Tsumeb Slag Stockpiles Project in Namibia, where Emerging Metals continues to conduct its own studies and test-work to determine the viability of winning principally germanium but also zinc and gallium from the stockpiles.
- The Tsumeb Slag Stockpiles are located in proximity to the Tsumeb Smelter complex in the Oshikoto region of Namibia.
- More recently, Emerging Metals diversified its exposure to minor and emerging metals by acquiring an 8.04% interest in Kalahari Minerals, an AIM listed company whose principal asset is its approximate 39% interest in Extract Resources Limited, an ASX listed company focused on the development of its recently discovered Rossing South Uranium Project in Namibia.
Interim results here - Co-chairman Stephen Dattels commented:
"The acquisition of our interests in Kalahari Minerals and Extract Resources
has given Emerging Metals exposure to a world class uranium resource - namely
the Husab project in Namibia comprising the Rössing South, Ida Dome and
Hildenhof deposits. Not only is uranium an emerging metal with a very
favourable long term supply-demand outlook, the interests also allow Emerging
Metals to leverage its existing platform and operations at Tsumeb in Namibia.
"Our half year results to 31 March 2009 are consequently extremely pleasing,
with a positive net income for the period of GBP13,916,315 (31 March 2008: loss
of GBP240,270), including an investment gain of GBP14,419,739 to a valuation of GBP
34,703,396 (31 March 2008: GBP17,627,774)."
