Berkeley Resources to develop ENUSA's Spanish assets

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    Date: Wednesday 16 Jul 2008

    LONDON (ShareCast) - Berkeley Resources stood out midweek after it was chosen to conduct a feasibility study at and develop uranium mining assets in Salamanca Province, Spain.

    ENUSA Industrias Avanzadas picked Berkeley to partner its ambitions for assets that include a number of 'State Reserve' licence areas extensively explored by ENUSA, but which don’t contain JORC compliant resources.

    The agreement also includes access to the Quercus uranium processing plant, operated by ENUSA until 2003.

    Berkeley will complete a feasibility study on mining the State Reserves and processing through the Quercus plant and continue to advance its 100% owned Salamanca projects nearby for possible processing through Quercus.

    The terms of the partnership, currently being negotiated, are not expected to complete until after the Spanish summer vacation. They will then be submitted to the Spanish Council of Ministers for approval.

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