Berkeley is the premier uranium explorer and developer in the Iberian peninsular.
Berkeley Resources is an Australian incorporated company which listed on the Australian Securities Exchange in September 2003 and the AIM market of the London Stock Exchange in December 2006.
Berkeley 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.
Since acquiring these projects, Berkeley has undertaken a substantial exploration program, with highly encouraging progress, including:
- Compilation and interpretation of a very substantial database of historical exploration results throughout Spain;
- Undertaken aggressive drilling campaigns (RC and Diamond) at Salamanca I, Salamanca II, Caceres III and Caceres VI projects;
- Aerial radiometric and magnetic surveys have been flown over the Salamanca I, Salamanca II and Caceres VI projects highlighting the exploration potential of these tenements and generating a significant number of strong anomalies;
- Calculation of an inferred and indicated JORC resource for the Salamanca I project totaling 16.9m lbs of U3O8 at an average grade of 563ppm. Extensive drilling is ongoing to test a number of other attractive targets in the project area;
- Completion of a Scoping Study at the Salamanca I project confirming the potential economic viability of the project with forecast cash operating costs of US$25/lb and capital for a new process plant totaling US$109m.
Berkeley boasts an outstanding management team with considerable uranium and general mining experience around the world. The Company has also entered a Strategic Alliance with Areva NC to explore and develop Berkeley’s uranium projects in Spain. Areva NC is part of the Areva Group, one of the world’s leaders in integrated nuclear energy solutions.
Spain is a country with a substantial domestic uranium demand and a recent uranium mining history.
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