10 Dec 2013 07:00
BERKELEY MINERAL RESOURCES PLC
("BMR" or the "Company")
Strategic Cooperation Agreement with Chinese Company
Berkeley Mineral Resources is pleased to announce the signing of a Strategic Cooperation Agreement with Hunan Nuclear Geological Bureau ("HNGB"), a company located in Hunan Province, Peoples Republic of China ("PRC").
HNGB is a substantial group with interests in nuclear technologies and plant construction. It also has investments in the mining of critical metals outside China, notably in Australia and New Zealand where its interests include advanced exploration and development of projects to produce antimony, tungsten and gold. In total HNGB operates in 20 countries, including Zambia where they have lead & zinc interests.
Under the terms of the Agreement, the parties will co-operate in areas of project identification, geological exploration, mining rights management, technical support, and personnel exchange and financing with the initial focus being Zambia where BMR's current licenced projects, operations and expertise are located. HNGB already has a technical office established in Lusaka, Zambia.
Masoud Alikhani, Chairman, commented:
"We expect the signing of this Strategic Agreement to lead to immediate cooperation between BMR and HNGB. HNGB will have access to our technical expertise and knowledge of Zambia and they are interested in expanding their investments in Zambia and in funding BMR's expansion".
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.
10th December 2013
For further information please contact:
Berkeley Mineral Resources Plc
Masoud Alikhani, Chairman
020 7408 1181
Cantor Fitzgerald Europe
Stewart Dickson / Julian Erleigh (Corporate Finance)
Jeremy Stephenson (Corporate Broking)
Tel: 020 7894 7000
Lothbury Financial Services
Michael Padley / Gary Middleton
020 3440 7620
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.