Less Ads, More Data, More Tools Register for FREE

Pin to quick picksBerkeley Mineral Resources Regulatory News (BMR)

  • There is currently no data for BMR

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Kabwe JORC Results

28 Jul 2011 07:00

RNS Number : 2252L
Berkeley Mineral Resources PLC
28 July 2011
 



BERKELEY MINERAL RESOURCES PLC

("BMR" or "The Company")

 

INITIAL LEACHPLANT JORC RESULTS

 MANAGEMENT APPOINTMENTS AT KABWE

 

Berkeley Mineral Resources Plc, which is primarily engaged in processing mining tailings, announces a JORC-compliant mineral resource estimate for the central section of the leach plant tailings acquired in June 2011. This mineral resource estimate is is addition to the JORC-compliant estimate for the wash plant tailings announced by BMR on 28 March 2011.

The new mineral resource estimate is based on an analysis of the auger drilling campaign carried out in July 2010 and is as follows:

 

JORC Mineral Resource estimates on Lead (Pb) and Zinc (Zn) for the central section of Kabwe Leach Plant Tailings

 

Mineral Resource Classification

Volume

(m3)

Dry Bulk Density (t/m3)

Average Moisture Content (%)

Pb

(%)

Zn

(%)

Wet tonnage

Dry

tonnage

Measured

1,890,674

1.21

33.63

8.31

3.74

2,995,933

2,241,961

Total

1,890,674

1.21

33.63

8.31

3.74

2,995,933

2,241,961

 

The central area covered by this resources estimate is coloured purple on the relevant illustrated map on the BMR website at http://www.bmrplc.com/projects-2/resources.

BMR now intends to commission further drilling over the remaining sections of the leach plant and slag sections of the Kabwe stockpiles so that the whole of the leach plant and slag resources can be reported conforming to the JORC standard.

 

BMR has also engaged Metanza to complete the metallurgical testing of the wash plant, leach plant and slag sections of the stockpiles using the material produced by BMR's July 2010 drilling and sampling programme. Metanza estimates that this will be concluded by the end of October 2011.

 

The mineral resource estimate was prepared by Mr. D R Young (BSc. Hons., Geology), of The Mineral Corporation, who is a Competent Person as defined by the JORC Code (2004), being registered as a Professional Natural Scientist with the South African Council for Natural Scientific Professions (SACNASP), with more than five years experience relevant to resource estimation.

 

Local management

 

BMR has appointed Dennis Human B.Sc. (Hons), Bus. Admin. (Hons), as Consulting Geologist for its operations at Kabwe. Mr Human is an experienced geologist and land surveyor with over 30 years widespread experience of mining and processing operations involving gold, lead, zinc, copper and iron ore in various African countries and in Europe.

 

BMR has also retained two of the existing Directors of its Zambian-registered subsidiaries Enviro Props Ltd and Enviro Mining Ltd. Albert Chalwe is a Mechanical Engineer with 19 years' service to Zambian railways and marketing experience prior to becoming a director of Alberg Ltd, a mining company based at Kabwe, in 2006. Edgar Njobvu is an Electronics Engineer with 20 years practical experience in the mining industry including service with ZCCM, the Zambian state mining company, and Kabwe Power and Metal Ltd prior to becoming a director of Zincorous Investments Ltd and Silverlining Ventures Ltd, both mining companies based at Kabwe, in 2000. Both of these Zambian directors have widespread experience, knowledge and contacts regarding the Kabwe stockpiles and mining operations.

 

 

Masoud Alikhani, Chairman, commented:

 

"We have confirmed the content of the leach plant tailings to the JORC Measured Standard, and the dumps contain a considerably higher grade of lead than that inferred by the historic assessments. This combined with the Wash Plant tailings gives BMR a significant asset and it is our intention to now begin to maximise its value.

 

"To this end we have strengthened our management team in Zambia commensurate with our expanding operations in the country. The next stage is to bring the site into production".

 

This release has been reviewed by Dennis Human, B.Sc. (Hons), Bus. Admin (Hons), Consulting Geologist in accordance with the guidance note for Mining, Oil & Gas Companies issued by the London Stock Exchange in respect of AIM Companies.

 

28 July 2011

 

Contacts:

 

Masoud Alikhani, Chairman, Berkeley Mineral Resources 020 7408 1181

 

Jonathan Wright / Stewart Dickson, Seymour Pierce 020 7107 8000

 

Michael Padley / Gary Middleton, Lothbury Financial Services 020 7868 2010

 

Notes for Editors

 

BMR is a minerals company with a primary strategy of investing in tailings processing. By accessing above-ground dump deposits with known grades and metallurgy, it avoids exploration or mining costs, has a secure licence and fixed environmental criteria, and can produce concentrates according to viability at current market prices.

 

The Kabwe deposits, located approximately 110km north of the Zambian capital Lusaka, were discovered in 1902. From 1906, Kabwe was a significant mine. By the time it closed in 1994, due to depletion of the massive sulphide mineralisation and lowered metal prices, it had produced about 1.8m tonnes of zinc, 800,000t of lead, 7,800t of vanadium pentoxide and lesser quantities of cadmium, silver and copper.

 

 After closure, most of the mine complex was sold off on a piecemeal basis. BMR's overall strategy is to re-assemble the Kabwe dumps site into a single entity operating under a single Large Scale Mining Licence.

 

BMR has signed a MOU with Ng'wena Mining Resources under which it could acquire 76% of the copper tailings from the former Roan Antelope mine at Luanshya, 145 km north of Kabwe. The Roan Antelope deposit was discovered in 1902 by prospector William Collier who shot a buck which fell onto an outcrop of almost pure copper. It has mined copper since 1911 and the extensive tailings are all within 4km of the original mine.

 

For further information please see the Company's website at http://www.bmrplc.com.

 

 

 

 

 

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCPGUMAMUPGGMM
Date   Source Headline
15th Aug 20114:25 pmRNSHolding(s) in Company
15th Aug 20117:00 amRNSDirector/PDMR Shareholding
28th Jul 20117:00 amRNSKabwe JORC Results
14th Jul 20117:00 amRNSOptions to Acquire Further Kabwe Assets Exercised
1st Jul 20117:00 amRNSLuanshya Update
30th Jun 20114:36 pmRNSHolding(s) in Company
28th Jun 20117:00 amRNSHolding(s) in Company
27th Jun 20117:00 amRNSComment re Price Movement
22nd Jun 20117:00 amRNSAcquisition of Kabwe Tailings Completed
10th Jun 20117:00 amRNSKabwe Due Diligence Completed
11th May 20117:00 amRNSProposed Placing & Acquisition
4th May 20117:00 amRNSLuanshya Memorandum of Understanding
26th Apr 20117:00 amRNSDirectorate Change
8th Apr 20117:00 amRNSDirectors Share Dealing
7th Apr 20117:00 amRNSDirectors Share Dealings
31st Mar 20117:00 amRNSInterim Results
28th Mar 20117:00 amRNSKabwe Acquisition Agreement Signed
14th Jan 20117:00 amRNSBoard Change
17th Dec 20102:00 pmRNSResult of AGM
17th Dec 20107:00 amRNSAGM Statement
16th Dec 20109:30 amRNSChange of AGM Venue
13th Dec 20107:00 amRNSAcquisition Update
26th Nov 20107:00 amRNSPreliminary Results
18th Nov 201011:35 amRNS£6.6m placing and TVR
10th Nov 201012:40 pmRNSComment re Price Movement
5th Nov 20101:05 pmRNSAcquisition
2nd Nov 20107:00 amRNSIssue of Equity and Exercise of Warrants
28th Oct 20107:00 amRNSIssue of Equity
26th Oct 201012:53 pmRNSIssue of Equity and Exercise of Warrants
26th Oct 201012:53 pmRNSIssue of Equity and Exercise of Warrants
7th Oct 201010:26 amRNSAppointment of Broker
4th Oct 20107:00 amRNSPlacing to Raise ?850,000
8th Sep 201011:11 amRNSResult of Meeting
6th Sep 20109:00 amRNSHolding(s) in Company
31st Aug 201012:23 pmRNS?2.05m Placing & Issue of Equity
23rd Aug 20107:00 amRNSNotice of EGM
19th Aug 201011:34 amRNSFurther re Placing
17th Aug 201010:01 amRNSFurther placing to raise ?0.275 million
13th Aug 20107:00 amRNSPlacing to raise ?2m for Kabwe tailings dumps acqn
27th Jul 20109:02 amRNSChange of Registrar
27th Jul 20107:00 amRNSUpdate on Kabwe Tailings
1st Jun 20107:00 amRNSOption on Kawbe Tailings Dumps Secured
28th Apr 20103:52 pmRNSIssue of Equity
27th Apr 201011:25 amRNSHolding(s) in Company
16th Apr 20104:21 pmRNSHolding(s) in Company
12th Apr 201010:33 amRNSIssue of Equity
7th Apr 20107:00 amRNSPlacing
31st Mar 20107:00 amRNSInterim Results
22nd Mar 20107:00 amRNSKabwe Progress Update
18th Dec 200911:30 amRNSAGM Statement

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

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.