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Berkeley Resources Limited is an ASX and AIM listed exploration and development group with a dominant land holding and advanced uranium exploration and development projects in Spain with total Mineral Resources of 83.2 Mlbs (37.7 Kt) U3O8 (200 ppm cut-off).
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 with Mineral Resources totaling 73.9 Mlbs (33.5 Kt) of U3O8 (200ppm cut-off) and substantial exploration upside. Spain offers an environment conducive to Berkeley's activities, with no prohibitions on uranium mining, good mining infrastructure, skills and power, a reliable legal and mining title jurisdiction and a local energy market which is 18% nuclear dependent.
Berkeley's right to use the Quercus Uranium Processing Plant (along with associated infrastructure, in its current state) has the potential to save Berkeley significant upfront capital costs upon the decision to proceed to mining. The plant (which currently lacks a comminution circuit), along with associated infrastructure, is permitted to produce 2.1 Mlbs (0.95 Kt) pa of U3O8 per annum.
Berkeley is committed to aggressively pursuing the ongoing exploration, appraisal and potential development of this outstanding uranium Project in order to fulfill its strategic objective of becoming the next European uranium producer in the near-term.