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Market:	AIM
Sector:	General Mining
EPIC:	BRR

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Braemore Resources

Braemore Resources plc (AIM: BRR; JSE:BRE) offers investors an attractive opportunity to enter into the platinum group metals (PGMs) and nickel business, initially through the mid-stream processing of these metals and, in time, through mine-to-market production opportunities. Braemore Resources is principally involved in evaluating, establishing and operating independent facilities for the roasting, smelting and refining of concentrates containing PGM and associated base metals and for the reclamation and processing of sulphide nickel tailings.

Diversified both geographically and in terms of product, the company is located in two key mining regions – Braemore Nickel in Western Australia and Braemore Platinum in South Africa. Braemore’s access to proprietary technology, and in particular the Mintek ConRoast technology, which has successfully operated at demonstration level, makes the company well-positioned to become a significant player in the burgeoning South African PGMs sector, offering a more cost-effective, environmentally friendly and accessible smelting option to a host of junior mining companies.

Braemore expects BHP Billiton to finish review of Leinster nickel tailings project in third quarter

Tuesday, July 28, 2009

Braemore Resources PLC (AIM: BRR) said BHP Billiton PLC’s (ASX: BHP; LSE: BLT) technical and financial review on the company’s scoping studies for the Leinster nickel tailings project is expected to be completed during the third quarter of 2009.

BHP, on whose property some 380 kilometres north of Kalgoorlie, Western Australia, the project is to be located, had requested some additional data in the year to date.

Braemore CEO Leon Coetzer commented, “The Leinster project is moving steadily forward. We continue to be cautiously optimistic of the project's merits, and have maintained our area of focus amid the recently announced corporate activity.”

Successful completion of a feasibility study will be followed by development and operation of commercial plants to process sulphide nickel and to produce an intermediate concentrate estimated to contain 61and 65 percent nickel.

Subject to certain conditions, BHP Billiton has the right to buy the concentrates and to acquire a 50 percent interest in the project when it is up and running.

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