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Kabwe Resource and Operations Update

23 Nov 2011 07:00

RNS Number : 5917S
Berkeley Mineral Resources PLC
23 November 2011
 



BERKELEY MINERAL RESOURCES PLC

("BMR" or "The Company")

 

Kabwe Resource and Operations Update

 

Berkeley Mineral Resources, the tailings processing company, announces that verification and assessment work is continuing on its resources at the former Kabwe mine site in Zambia. This is in connection with the Pre-feasibility Study being completed on all the resources at the project, Washplant, Leachplant and Slags.

 

Drilling

 

Re-drilling of the Slag sections of the stockpiles (see Dumps 57, 21 and 22 on the aerial plan on the BMR website at http://www.bmrplc/projects/resources) to provide data for the material contained in the slag stockpiles has commenced today. The re-drilling is being carried out with percussion drills necessary to provide assayable samples rather than the auger drills previously employed.

 

Washplant Resources

 

Re-interpretation of the resources so far reported on has concluded that there is an uplift in the quantity of JORC-compliant Washplant tailings resources within the total resources at Kabwe. The revised JORC Statement below is a result of further assessment of the quantity and grades of the Washplant tailings resources:

 

 

Resource Classification

Volume (m3)

Dry Bulk Density (t/m3)

Average Moisture Content

Pb (%)

Zn

(%)

Wet Tonnage

Dry

Tonnage

Measured

304,771

1.92

16.61%

7.21

10.66

668,709

573,458

Total

304,771

1.92

16.61%

7.21

10.66

668,709

573,458

 

 

The Competent Person with the overall responsibility for the Mineral Resource estimation and compilation of this report is Mr. D R Young (BSc. Hons., Geology), 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 5 years experience relevant to Mineral Resource estimation.

 

Leachplant Resources

 

Drilling of the remainder of the tailings not reported on in the announcement of 28 July 2011 regarding the Leachplant central and southern sections is proceeding.

 

Assaying

 

All samples extracted by drilling are being sent to the SGS assaying centre in South Africa for verification. The final resource statement will thereafter be compiled by The Mineral Corporation and the Pre-Feasibility Study on the beneficiation plant will be concluded by Metanza.

 

23 November 2011

 

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.

 

For further information please contact:

 

Berkeley Mineral Resources Plc 020 7408 1181

Masoud Alikhani, Chairman

 

Seymour Pierce 020 7107 8000

Stewart Dickson / Jonathan Wright (Corporate Finance)

Jeremy Stephenson / Richard Redmayne (Corporate Broking)

 

Lothbury Financial Services 020 7868 2010

Michael Padley / Gary Middleton

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCBIBDBRDDBGBD
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
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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
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2nd Nov 20107:00 amRNSIssue of Equity and Exercise of Warrants
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26th Oct 201012:53 pmRNSIssue of Equity and Exercise of Warrants
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8th Sep 201011:11 amRNSResult of Meeting
6th Sep 20109:00 amRNSHolding(s) in Company
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19th Aug 201011:34 amRNSFurther re Placing
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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

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