Kalahari Minerals, the AIM listed resource company, intends to apply for a standard listing of its ordinary share capital to the official list of the UK listing authority and to trade on the London Stock Exchange’s main market for listed securities. Kalahari’s executive chairman, Mark Hohnen said in a statement today that after a very successful four years on AIM, Kalahari had now reached a size and stage of maturity such that the board believed the official list was the most appropriate platform for its future growth.

“We are confident that this move will provide the company with greater share liquidity, enhanced market exposure and a wider shareholder base, befitting to a company of Kalahari’s increased profile.”

Hohnen added that as Extract Resources’ Husab Uranium Project, projected to be one of the largest uranium mines in the world, approached its development phase, Kalahari’s position as a major strategic shareholder in Extract had become increasingly prominent.

“We are committed to remaining a supportive investor in Extract, as highlighted by our recent announcement regarding the private placement that we initiated in Extract, and we strongly believe that a listing on the official list will leverage our influence and ability to guide the development of the Husab project.”