Less Ads, More Data, More Tools Register for FREE

Pin to quick picksBerkeley Mineral Resources Share News (BMR)

  • There is currently no data for BMR

Watchlists are a member only feature

Login to your account

RNS Alerts are a premium feature

Login to your account

myTerminal is a premium feature

Login to your account

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

BMR Receives Encouraging Results For Vanadium Potential At Kabwe Mine

Fri, 20th Jan 2017 08:56

LONDON (Alliance News) - BMR Group PLC said Friday it has seen encouraging test results for the potential of vanadium recovery and production from tailings at the Kabwe mine in Zambia.

BMR said metallurgical test work suggests no modifications are needed to its current set-up at the Kabwe plant in order to recover vanadium from the tailings there. BMR also is looking to extract lead and zinc from the tailings at the mine, which closed in 1994.

Preliminary test work suggests a vanadium pentoxide recovery factor of approximately 65%, discounted at 5% from test work results, said BMR. Vanadium pentoxide is used to create alloys with iron.

BMR said test work continues to optimise the recovery factor and establish final product quality and the design of the process circuit, enabling expenditure costs to be established.

Extrapolating from mineral reports at the closure of the mine, BMR said in theory it could extract approximately 45,000 tonnes of vanadium pentoxide at the plant. After the completion of current tests, BMR will look to upgrade the vanadium present to a JORC compliant resource.

BMR intends to lodge an environmental project brief with Zambian authorities for approval of the vanadium processing circuit in February, having already secured approval for a plant at the site. Approval is generally expected within four to six months, said BMR.

Shares in BMR were up 3.6% at 6.86 pence Friday.

By Adam Clark; adamclark@alliancenews.com

Copyright 2017 Alliance News Limited. All Rights Reserved.

More News

Galileo Resources To Shortly Commence Drilling At Star Zinc Project

LONDON (Alliance News) - Galileo Resources PLC said Monday that it will "shortly" commence drilling at its Star Zinc Project in Zambia, after receiving positive results from an company a

23 Jul 18 13:09

BMR Raises GBP416,000 Via Jubilee Metals Share Placing To Creditors (ALLISS)

LONDON (Alliance News) - BMR Group PLC on Monday said it raised GBP416,000 through share placing in Jubilee Metals Group PLC.The mining company holds 63.2 million shares in Jubilee Metals.

11 Jun 18 18:38

BMR Group Loss Narrows As It Seeks To Reclaim Kabwe Licence

LONDON (Alliance News) - Lead and zinc miner BMR Group PLC on Thursday posted a slightly narrowed loss for its first half as it continues to try to get back the licence for to

29 Mar 18 13:48

BMR Receives Encouraging Results For Vanadium Potential At Kabwe Mine

20 Jan 17 08:56

BMR Group Eyes Expansion Opportunities As Loss Narrows In Year

29 Dec 16 09:20

Metal Tiger Names New CEO And Chairman As Paul Johnson Rejoins Board

5 Dec 16 09:31

Metal Tiger turns down offer from BMR

(ShareCast News) - Metal Tiger, an AIM listed natural resources focused investing company, announced that it had received an indicative offer from Berkeley Mineral Resources (BMR) Group. BMR, a mining company that processes Lead and Zinc at Kabwe Mine in Zambia, has offered 0.231 of its shares for e

28 Nov 16 12:05

WINNERS & LOSERS SUMMARY: Fear Of Italian 'No' Vote Weighs On Banks

28 Nov 16 10:35

BMR invests in metal exploration property in Portugal

(ShareCast News) - Miner BMR Group has acquired 80% of a metals exploration concession over a property in Northern Portugal. The property contains tungsten, tin, gold and silver among other minerals. The option was granted by Mineralia-Minas, Geotecnia E Construcoes, a private Portuguese geological

14 Nov 16 09:07

BMR Group secures funding for Kabwe development

(ShareCast News) - BMR Group confirmed on Friday that it and its wholly owned subsidiary Enviro Mining Limited have entered into the anticipated project construction and trade finance facility for up to $5.2m, with private South African group African Compass International. The AIM-traded firm said t

23 Sep 16 11:07

WINNERS & LOSERS SUMMARY: Melrose Gains As Nortek Deal Moves Ahead

8 Aug 16 09:47

BMR Group signs off-take agreement with African Compass International

(ShareCast News) - BMR Group has signed an off-take and purchase agreement with African Compass International (ACI) to provide funding for the construction of the Kabwe mine in Zambia. The agreement provides for the off-take by ACI over a minimum five-year period, beginning within six months of comm

8 Aug 16 09:22

BMR set to agree larger facility for Kabwe plant

(ShareCast News) - Zambia-focused mineral processing business BMR Group said it expects to agree a $3.5m loan facility alongside a sale-and-purchase deal with a private South African firm later this week. The facility, which at the end of June was only expected to be $2m, is to enable constructio

1 Aug 16 12:05

BMR Reports Progress On Kabwe Facility In Zambia Amid Offtake Talks

30 Jun 16 10:41

Broker tips: Charles Stanley, Playtech, Berkeley Group

(ShareCast News) - Cannacord Genuity lowered its target price on the shares of Charles Stanley and lowered its recommendation from 'buy' to 'hold' after the broker announced it would likely take between 12 to 18 months longer than originally anticipated (by the year to 31 March 2020) to reach its ta

16 Jun 16 17:08

Login to your account

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