Berkeley Resources
Berkeley Resources (ASX: BKY) has acquired a number of advanced uranium exploration projects in Spain totaling approximately 450,000ha, covering all the main historic uranium mining and exploration areas in the country.
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.
The Salamanca Uranium Project has a number of identified uranium deposits, including an inferred JORC Resource, significant exploration targets based on historical information and substantial exploration upside.
Polo Resources acquires more shares in Berkeley Resources
Berkeley Resources (ASX: BKY) has been sent a notice of change in interests by substantial shareholder, Polo Resources.
Polo acquired 4.48 million additional shares in Berkeley Resources in on-market purchases in June at an average price of $1.19 per share.
Polo has increased its stake from 11.44% to 15.07% of Berkeley. The share register is getting extremely interesting given Anglo American's acquisition of Berkeley shares in January.
Investors may recall that Berkeley will undertake the feasibility study over the Salamanca Regional Uranium Project. Berkeley’s objective is to generate a total resource base for the project of over 65m lbs of U3O8 and to complete a Feasibility Study within 18 months of approval of shareholders in January 2009.
Berkeley will partner with Spanish utility ENUSA to investigate the regeneration of uranium production in Spain.
Other Berkeley Resources articles
Other Berkeley Resources news
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26/02/10 Berkeley doubles resource to 52 Mlbs U3O8 for Salamanca Uranium Project
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22/01/10 Berkeley Resources encouraged by drilling results from Salamanca Uranium Project
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12/01/10 Berkeley Resources terminates off-take agreement with Areva
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02/12/09 Berkeley Resources Scoping Study confirms outstanding potential of the Salamanca Uranium Project
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17/11/09 Berkeley Resources appoints ex-UraMin executive as new CEO
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05/11/09 Initial High Grade Drilling Results for Berkeley Resources at Salamanca Uranium project
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27/10/09 Berkeley Resources mobilises three drilling rigs for uranium exploration in Spain
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26/10/09 Berkeley Resources gets drilling at Salamanca Uranium Project, Spain
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20/08/09 Polo Resources sells 6.6 pct stake in Berkeley
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27/04/09 Berkeley Resources gets green light for uranium production study in Spain
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