RNS Number : 5323C
Berkeley Mineral Resources PLC
02 May 2012
BERKELEY MINERAL RESOURCES PLC
("BMR" or the "Company")
RECEIPT OF LARGE-SCALE MINING LICENCE
Berkeley Mineral Resources Plc, the AIM-listed mining and processing company, is pleased to announce that it has received the official large-scale Mining Licence 6990-HQ-LML.
This follows clearance by the Zambian Competition and Consumer Protection Commission ("ZCCPC"), of the acquisition of the underground un-mined or partly-mined ore bodies and other above-ground assets of Alberg Mining and Mineral Exploration Ltd ("Alberg") at Kabwe, Zambia, by BMR's wholly-owned subsidiary Enviro Processing Ltd ("EPL").
This Licence, originally issued as Licence ML1 when the Kabwe mine was first opened over a hundred years ago, was renumbered on closure of the mine in November 1996 when it was issued to ZCCM Investments Holdings Plc for a period of 25 years. The Registration has now been endorsed to EPL and BMR has lodged the endorsed licence at Zambia's Mining Cadastre.
The Licence covers a mapped area of approximately 703 hectares. As the licence holder, BMR now intends to activate a Zambian government survey to peg and verify the land areas concerned, obtain an official pegging certificate, submit its revised Environmental Management Plan and then make an application to extend the licence for a further 25 years.
Masoud Alikhani, Chairman, commented:
"We are delighted that this historic Licence has finally been transferred to us. We can now proceed to complete the pre-feasibility study and our process testing so that we can start to exploit the resources we have secured at Kabwe. We will soon be providing substantial lead and zinc supplies to world markets, just as the mine did, so successfully in the past."
2 May 2012
This release has been reviewed by Dennis Human, B.Sc. (Hons), Bus. Admin (Hons), GSSA, Consulting Geologist to the Company, who is a Qualified Person 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
Masoud Alikhani, Chairman
020 7408 1181
Stewart Dickson / Jonathan Wright (Corporate Finance)
Jeremy Stephenson / Richard Redmayne (Corporate Broking)
020 7107 8000
Lothbury Financial Services
Michael Padley /Gary Middleton 020 7868 2010
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