BMR Group PLC Star Zinc Update (2186Y)

TIDMBMR TIDMGLR

RNS Number : 2186Y

BMR Group PLC

04 December 2017

BMR Group PLC

("BMR", the "Group" or the "Company")

Star Zinc update

This announcement contains inside information for the purposes of Article 7 of Regulation 596/2014.

The Board notes the announcement by Galileo Resources Plc this morning concerning the Star Zinc project.

The Board of BMR is pleased to confirm that, following the payment by BMR to Bushbuck Resources Limited ("Bushbuck") of US$300,000, in accordance with the agreement summarised in the announcement of 5 September 2017, the Republic of Zambia Ministry Mines and Minerals Development confirmed on 1 December 2017 receipt of the request by Bushbuck to transfer the Star Zinc licence (19653-HQ-LEL) to Enviro Processing Limited, a subsidiary of BMR.

A further announcement will be made in due course.

For further information:

   BMR Group PLC                                                                        020 7734 7282 

Alex Borrelli, CEO and Chairman

   WH Ireland Limited                                                               020 7220 1666 

NOMAD and Joint Broker

Chris Fielding, Head of Corporate Finance

   Peterhouse Corporate Finance                                            020 7469 0930 

Joint Broker

Lucy Williams/ Duncan Vasey/ Heena Karani

This information is provided by RNS

The company news service from the London Stock Exchange

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December 04, 2017 02:00 ET (07:00 GMT)