Extract's main asset is the Husab Uranium Project, located approximately 45km north-east of Namibia's main port - Walvis Bay. The project is strategically located within Alaskite Alley, an area that hosts several world class uranium deposits.

Two of these deposits are already in production - the Rossing Uranium deposit to the north which supplies 8% of the worlds uranium, and the Langer Heinrich deposit to the east - both of these are located within 30km of Extract leases.