Less Ads, More Data, More Tools Register for FREE

Pin to quick picksBerkeley Eng Share News (BKY)

Share Price Information for Berkeley Eng (BKY)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 18.00
Bid: 17.00
Ask: 19.00
Change: -1.50 (-7.69%)
Spread: 2.00 (11.765%)
Open: 19.50
High: 18.00
Low: 18.00
Prev. Close: 19.50
BKY Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Berkeley Energy Upgrades Mineral Resource Estimate For Salamanca

Wed, 07th Oct 2015 08:18

LONDON (Alliance News) - Berkeley Energy Ltd on Wednesday said it has upgraded the mineral resource estimate for the Zona 7 deposit at the Salamanca uranium project in western Spain.

Berkeley said the infill drill programme for the project has been completed, with an increase in resource pounds and with nearly 90% of the resource upgraded into the indicated category.

The inclusion of Zona 7 in the resource estimate should "fundamentally improve" the economics of the Salamanca project, Berkeley said, even at current uranium prices, by increasing the mine life, production rates and reducing operating costs.

The total resource estimate for Zona 7 is now at 31.4 million pounds of uranium, which has increased the overall Salamanca project estimate to 89.5 million pounds.

"With high grades, good recoveries and the potential for some of the lowest costs in the industry the Salamanca project is rapidly emerging as one of the best new projects around," said Berkeley Managing Director Paul Atherley.

Shares in Berkeley Energy were up 7.3% to 22.00 pence.

By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance

Copyright 2015 Alliance News Limited. All Rights Reserved.

More News

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.