Lonrho Regulatory News (LONR)

13 Feb 2007 14:10

Lonrho Africa PLC13 February 2007 For immediate release LONRHO AFRICA PLC ("Lonrho" or "the Company") Brinkley Mining Plc announces Execution of Prospecting Rights over Waterval and Rietkuil uranium prospects Lonrho is pleased to announce that Brinkley Mining Plc ("Brinkley"), in whichLonrho has a 10.04% interest, has, following a meeting with the Republic ofSouth Africa's Department of Minerals and Energy ("DME"), executed and notarisedthe prospecting rights over the areas in Waterval and Rietkuil. Lonrho's Joint Executive Chairman and Chief Executive, David Lenigas, commented: "This marks significant progress for Brinkley, as the DME has granted very fewprospecting rights over uranium fields in South Africa. This will enableBrinkley to commence exploration activities on these high quality uraniumprospects." The full text of Brinkley's announcement released earlier today is as follows: Brinkley Mining Plc ("Brinkley Mining" or the "Company") Execution of Prospecting Rights over Waterval and Rietkuil Brinkley Mining Plc (AIM: BRM) is pleased to announce that its associatecompany, Western Uranium (Pty) Limited ("Western Uranium"), has confirmed thatit has met with the Republic of South Africa's Department of Minerals and Energy("DME") and has executed and notarised the prospecting rights which were grantedover the areas in Waterval and Rietkuil previously announced by the Company on13 October 2006. Additionally the area called remainder of Krugel's claim 459was executed and notarised. Accordingly, the table below summarises the current status of Western Uranium'sWaterval / Rietkuil application: Prospects Hectares Status Waterval Prospect (3,600 ha total) Remainder of Krugel's Claim 459 1,085 Prospecting Right Granted, Executed and Notarised Portion 9 of Brandewyns Ghat 214 838 Prospecting Right Granted, Executed and Notarised Remainder of Portion 3 of Brandewyns 1,677 Prospecting Right Granted,Ghat 214 Executed and Notarised Rietkuil Prospect (7,342 ha total) Portion 9 of Rietkuil 307 2,155 Application Accepted by the DME Remainder of Rietkuil 307 4,969 Application Accepted by the DME Remainder of Portion 1 of Langleegte 218 Prospecting Right Granted,304 Executed and Notarised Western Uranium intends to commence airborne reconnaissance, detailed geologicalmapping, re-sampling of previous drill holes and a new drilling programme at theearliest opportunity. Gerard Holden, Executive Chairman of Brinkley Mining commented: "We are delighted to have completed the execution of these prospecting rights.We look forward to commencing exploration activities immediately for theseprospects over which Western Uranium has exclusive access and ownership rights." End For further information, please contact: Lonrho Africa Plc +44 (020) 7016 5105David Lenigas, Chief Executive +44 (0)7881 825 378Emma Priestley, Executive Director +44 (0)7867 785 177 Strand Partners Limited +44 (0)20 7409 3494Simon RaggettMatthew Chandler Cardew Group +44 (0)20 7930 0777Nadja Vetter +44 (0)7941 340 436Eden Mendel +44 (0)7887 676 603Emma Consett +44 (0)7971 468 308 Notes to Editors Lonrho is in the process of re-establishing a significant presence on theAfrican continent. Its investment and acquisition strategy, which was adoptedfollowing the appointment of David Lenigas as Chief Executive and subsequentshareholder approval in February 2006, focuses on the naturalresources, infrastructure, leisure and agribusiness sectors. Lonrho's executiveteam has considerable experience across these industries in a wide range ofcountries. Since adopting its current strategy, Lonrho has announced investmentsin Brinkley Mining Plc, Nare Diamonds Ltd, Luba Freeport, Five Forty AviationLimited, Norse Air Limited and Strenner Holding Limited. This information is provided by RNS The company news service from the London Stock Exchange