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.
Anglo Pacific moves onto Berkeley Resources register
In a vote of confidence for Berkeley Resources, the Anglo Pacific Plc (ASX:AGP/LSE:APF) has moved onto the Berkeley Resources (ASX:BKY) share register with the acquisition of 5.4 million shares in Berkeley via on-market purchases at prices from 16 cents to 30 cents in late 2008. Anglo Pacific is now one of the largest shareholders in Berkeley with 5.2 per cent of the company.
In 2008, Berkeley Resources struck a Co-operation Agreement with ENUSA Industrias Avanzadas S.A. (ENUSA), in which Berkeley will undertake a Feasibility Study to evaluate the re-commencement of uranium mining based on ENUSA and Berkeley’s assets in Salamanca Province, Spain.
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 Resources was trading at 33 cents.
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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02/07/09 Polo Resources acquires more shares in Berkeley Resources
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