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Additional Information

Market:	ASX AIM
Sector:	General Mining
EPIC:	BKY
Latest Price:	0.34 (-1.45% )
52-week High:	1.68
52-week Low:	0.31
Market Cap:	59.26M

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Berkeley Resources

Berkeley Resources (ASX: BKY) is an exploration and development group with a dominant land holding and advanced uranium exploration and development projects in Spain.

Berkeley's focus is on the successful completion of a Feasibility Study at its flagship Salamanca Uranium Project, incorporating the Spanish State Reserves and the Quercus Uranium Processing Plant. BKY is committed to aggressively pursuing the ongoing exploration, appraisal and potential development of this outstanding uranium Project in order to fulfill its strategic objective of becoming the next European uranium producer in the near-term.

Berkeley Resources gets green light for uranium production study in Spain

Monday, April 27, 2009

Berkeley Resources (ASX:BKY) has advised the Spanish Council of Ministers on Friday approved the Co-operation Agreement with ENUSA Industrias Avanzadas SA (ENUSA), as set out in the announcement dated 9 December 2008.

Berkeley will now proceed to:

-Pay the initial deposit of €5m for the ENUSA assets;
- Acquire ENUSA’s historical database for the Salamanca State Reserves and the Quercus uranium processing plant;
- Commence a feasibility study on the Salamanca Uranium Project, scheduled to take 18 months to complete;
- Undertake the placements and rights issue set out in the announcement of 23 March
2009; and
- Appoint Mr Stephen Dattels to the Board upon completion of the placement to Polo
Resources Ltd.

Berkeley will undertake the feasibility study, which includes an existing uranium processing plant and the substantial combined resource base of the two companies. Berkeley will partner with ENUSA to investigate the regeneration of uranium production in Spain.

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