Kabwe Resource and Operations Update (5917S)

TIDMBMR

RNS Number : 5917S

Berkeley Mineral Resources PLC

23 November 2011

BERKELEY MINERAL RESOURCES PLC

("BMR" or "The Company")

Kabwe Resource and Operations Update

Berkeley Mineral Resources, the tailings processing company, announces that verification and assessment work is continuing on its resources at the former Kabwe mine site in Zambia. This is in connection with the Pre-feasibility Study being completed on all the resources at the project, Washplant, Leachplant and Slags.

Drilling

Re-drilling of the Slag sections of the stockpiles (see Dumps 57, 21 and 22 on the aerial plan on the BMR website at http://www.bmrplc/projects/resources) to provide data for the material contained in the slag stockpiles has commenced today. The re-drilling is being carried out with percussion drills necessary to provide assayable samples rather than the auger drills previously employed.

Washplant Resources

Re-interpretation of the resources so far reported on has concluded that there is an uplift in the quantity of JORC-compliant Washplant tailings resources within the total resources at Kabwe. The revised JORC Statement below is a result of further assessment of the quantity and grades of the Washplant tailings resources:

 
 Resource           Volume    Dry Bulk   Average      Pb     Zn     Wet Tonnage     Dry 
  Classification     (m3)      Density    Moisture    (%)    (%)                   Tonnage 
                               (t/m3)     Content 
-----------------  --------  ---------  ----------  -----  ------  ------------  --------- 
 Measured           304,771     1.92      16.61%     7.21   10.66     668,709     573,458 
-----------------  --------  ---------  ----------  -----  ------  ------------  --------- 
 Total              304,771     1.92      16.61%     7.21   10.66     668,709     573,458 
-----------------  --------  ---------  ----------  -----  ------  ------------  --------- 
 

The Competent Person with the overall responsibility for the Mineral Resource estimation and compilation of this report is Mr. D R Young (BSc. Hons., Geology), who is a Competent Person as defined by the JORC Code (2004), being registered as a Professional Natural Scientist with the South African Council for Natural Scientific Professions (SACNASP), with more than 5 years experience relevant to Mineral Resource estimation.

Leachplant Resources

Drilling of the remainder of the tailings not reported on in the announcement of 28 July 2011 regarding the Leachplant central and southern sections is proceeding.

Assaying

All samples extracted by drilling are being sent to the SGS assaying centre in South Africa for verification. The final resource statement will thereafter be compiled by The Mineral Corporation and the Pre-Feasibility Study on the beneficiation plant will be concluded by Metanza.

23 November 2011

This release has been reviewed by Dennis Human, B.Sc. (Hons), Bus. Admin (Hons),

Consulting Geologist in accordance with the guidance note for Mining, Oil & Gas

Companies issued by the London Stock Exchange in respect of AIM Companies.

For further information please contact:

Berkeley Mineral Resources Plc 020 7408 1181

Masoud Alikhani, Chairman

Seymour Pierce 020 7107 8000

Stewart Dickson / Jonathan Wright (Corporate Finance)

Jeremy Stephenson / Richard Redmayne (Corporate Broking)

Lothbury Financial Services 020 7868 2010

Michael Padley / Gary Middleton

This information is provided by RNS

The company news service from the London Stock Exchange

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