13 Sep 2012 10:08
BERKELEY MINERAL RESOURCES PLC
("BMR" or the "Company")
Update on MOU with Feilong
On 15 June 2012, the Company announced the signing of a Memorandum of Understanding ("MoU") with Yunnan Xiangyun Feilong Nonferrous Metal Company ("Feilong") Subsequently, BMR supplied commercial representative samples of the stockpiles of mine tailings it owns in Kabwe, Zambia, to Feilong at its metals processing plant in the Peoples Republic of China.
The company can report that the initial series of tests by Feilong have concluded that the material is processable for lead and zinc using standard Feilong technology. These tests have also shown that the material has processable grades of Indium (In), Silver (Ag), Antimony (Sb), Germanium (Ge) and Copper (Cu).
Accordingly, Feilong are now proceeding to full assays for all the elements which can be liberated in the Kabwe material and preparations are being made for Feilong representatives to visit the stockpiles in Zambia as soon as these are to hand.
Masoud Alikhani, Chairman, commented:
"This first report under the MOU augurs well for the future and we look forward to further progress on processing our material, both for the two main base metals and for what are clearly further valuable constituents."
This release has been reviewed by Dennis Human, B.Sc. (Hons), Bus. Admin (Hons), MGSSA, Consulting Geologist to the Company, who is a Qualified Person in accordance with the guidance note for Mining, Oil & Gas Companies issued by the London Stock Exchange in respect of AIM Companies.
13 September 2012
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.