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AGM Statement

17 Dec 2010 07:00

RNS Number : 1384Y
Berkeley Mineral Resources PLC
17 December 2010
 



Berkeley Mineral Resources Plc

("BMR" or "the Company")

 

 

AGM Statement

 

A Transformational Year

 

At today's Annual General Meeting Masoud Alikhani, Chairman of Berkeley Mineral Resources Plc, the AIM listed resource company engaged in the processing of tailing dumps at the former Kabwe mine in Zambia, will make the following comments:

 

"Having acquired two initial sections of tailings dumps at Kabwe in 2009, the Company secured an option to acquire all the remaining sections in June 2010. The total stockpiles are estimated to comprise in excess of seven million tons of tailings, principally high-grade lead and zinc. We believe that these metals have favourable demand profiles for forthcoming years and global supply will remain depleted until new mines can be permitted and constructed.

 

"BMR has raised several tranches of funding during the past six months. As a result, due diligence has been carried out on the deposits and their metallurgy and the Kabwe project is funded to the commencement of processing. We are currently engaged in completing this transaction.

 

"Whilst our focus is on Kabwe, the Company is currently reviewing several other opportunities that have been introduced to us. The most advanced negotiation is for a bulk-tonnage tailings deposit in Zambia for which extensive data exists. Discussions are progressing well and we expect to sign a MOU early in the New Year.

 

"For the year ahead, we are looking to build upon the work we have done so far in developing a mineral supply business, complete the Kabwe agreement and progress some of our other opportunities, whilst not forgetting to focus on generating cashflow. Once processing and production of concentrates commences, we believe that revenues from above-ground tailings will produce a rapid pay-back of initial capital.

 

"I would like to thank the existing shareholders for their support and to welcome all new investors. BMR is close to completing its transformation into an environmentally friendly mining company and the Board is very excited at the prospects for the next year and beyond."

 

 

17 December 2010

 

For further information please contact:

Berkeley Mineral Resources Plc

Masoud Alikhani, Chairman

020 7408 1181

Seymour Pierce

Stewart Dickson / Jonathan Wright (Corporate Finance)

Jeremy Stephenson / Richard Redmayne (Corporate Broking)

020 7107 8000

Lothbury Financial Services 

Michael Padley / Gary Middleton

020 7868 2010

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
AGMFFIFWMFSSESE
Date   Source Headline
9th Sep 20137:00 amRNSKabwe Washplant DFS
22nd Aug 20137:00 amRNSDFS Draft Received
9th Aug 20137:00 amRNSWarrant Amendment
5th Aug 20137:00 amRNSKabwe Update: Production 2013
12th Jun 20137:00 amRNSCopper Plant Acquisition: Production Q3
25th Apr 20137:00 amRNSPre-Feasibility Notice
24th Apr 20137:00 amRNSWarrant Amendment
28th Mar 20132:00 pmRNSInterim Results
12th Mar 20137:00 amRNSKabwe Update
19th Feb 20137:00 amRNSChange of Adviser
4th Feb 20137:00 amRNSNdola Copper Update
28th Jan 20137:00 amRNSAscot Technical Team In Zambia
21st Dec 201212:30 pmRNSResult of AGM
21st Dec 20127:00 amRNSAGM Statement
20th Dec 201212:00 pmRNSDirectors' Share Dealings
19th Dec 201212:15 pmRNSDirectors' Share Dealings
18th Dec 20123:09 pmRNSDirectors' Share Dealings
14th Dec 20124:31 pmRNSDirectors' Share Dealings
13th Dec 201210:00 amRNSDirectors' Share Dealings
11th Dec 20127:00 amRNSASCOT Appointment
29th Nov 20124:30 pmRNSNotice of AGM
29th Nov 20127:00 amRNSPreliminary Results
6th Nov 20127:00 amRNSUpdate on Feilong Progress
25th Oct 20127:00 amRNSWarrants Amendment
24th Oct 20127:00 amRNSCopper Joint Venture Established
12th Oct 20128:30 amRNSChange of Registered Office
13th Sep 201210:08 amRNSFeilong MOU Update
17th Aug 20127:00 amRNSKabwe: remaining assets acquired
10th Aug 20122:00 pmRNSChingola Update
9th Jul 20127:00 amRNSChingola Update
3rd Jul 20127:00 amRNSSigning of Chingola Joint Venture
15th Jun 20127:00 amRNSMemorandum of Understanding
1st Jun 20124:00 pmRNSKabwe Update
24th Apr 20127:00 amRNSWarrants Update - Amendment
19th Apr 20127:00 amRNSChingola Copper Tailings Update
16th Apr 20127:00 amRNSKabwe Update
3rd Apr 20127:00 amRNSGovt Approval for Kabwe Site Acquisition
30th Mar 20127:00 amRNSInterim Results
16th Mar 20127:00 amRNSIssue of Equity
29th Feb 20127:00 amRNSKabwe Operational Update
7th Feb 20127:00 amRNSUpdate on Kabwe Options
20th Jan 20127:00 amRNSDirector/PDMR Shareholding
20th Dec 201111:31 amRNSAGM Result
20th Dec 20117:00 amRNSCopper Option Agreement Signed
14th Dec 20117:00 amRNSKabwe Update
25th Nov 20117:00 amRNSPreliminary Results
23rd Nov 20117:00 amRNSKabwe Resource and Operations Update
2nd Nov 20117:00 amRNSWashplant Tailings to be Sold
30th Aug 20117:00 amRNSDirector/PDMR Shareholding
18th Aug 20115:18 pmRNSHolding(s) in Company

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