In a vote of confidence for Berkeley Resources, the Anglo Pacific Plc (ASX:AGP/LSE:APF) has moved onto the Berkeley Resources (ASX:BKY) share register with the acquisition of 5.4 million shares in Berkeley via on-market purchases at prices from 16 cents to 30 cents in late 2008. Anglo Pacific is now one of the largest shareholders in Berkeley with 5.2 per cent of the company.
In 2008, Berkeley Resources struck a Co-operation Agreement with ENUSA Industrias Avanzadas S.A. (ENUSA), in which Berkeley will undertake a Feasibility Study to evaluate the re-commencement of uranium mining based on ENUSA and Berkeley’s assets in Salamanca Province, Spain.
Berkeley’s objective is to generate a total resource base for the project of over 65m lbs of U3O8 and to complete a Feasibility Study within 18 months of approval of shareholders in January 2009.
Berkeley Resources was trading at 33 cents.