23 Aug 2010 07:00
Berkeley Mineral Resources Plc
("BMR" or "the Company")
Notice of General Meeting
The Company is pleased to announce that it has posted a circular to its shareholders convening a General Meeting to be held at 19-20 Grosvenor Street, London W1K 4QH at 11.00am on 8 September 2010 to consider and, if thought fit, pass a number of resolutions to allow the Company to allot additional ordinary shares and allow the Directors to borrow as necessary to fund the future development of BMR's business.
A copy of the circular, which contains further details of the proposals, is available to download on the Company's website (www.bmrplc.com) and may also be obtained from the Company Secretary: Berkeley Mineral Resources plc, 19-20 Grosvenor Street, London W1K 4QH.
Contacts:
Masoud Alikhani, Chairman, Berkeley Mineral Resources 020 7408 1181
Jonathan Wright, Seymour Pierce 020 7107 8000
Michael Padley / Gary Middleton, Lothbury Financial Services 020 7868 2010
Notes to editors
BMR is a minerals company with a primary strategy of investing in tailings processing. By accessing 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. Berkeley's project is part of an overall plan to re-assemble the Kabwe site into a single entity operating under a single Large Scale Mining Licence.
The waste dumps at Kabwe cover an area of about 1km² and contain over 7m tons of various waste residues with an estimated combined metal content of 455,000t zinc and 368,500t lead.
BMR benefits from the existing infrastructure at Kabwe, including processing plant, good roads, water supply, ample power, local labour and direct on-site sidings connection to overseas markets via international railways to South Africa and to Indian Ocean ports.
For further information please see the Company's website at http://www.bmrplc.com
The directors of Berkeley Mineral Resources accept responsibility for this announcement.