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Quarterly update from Berkeley Energia highlights search for new CEO, ongoing permitting efforts

A Spanish chief executive could revive Berkeley in the same manner that EMED Mining was brought back to life

Berkeley Energia Ltd -
Uranium prices rose 5% in the three months to September

Berkeley Energia Ltd (LON:BKY)(ASX:BKY) continued to engage with the relevant authorities in a collaborative manner in order to facilitate the timely resolution of the pending approvals required to commence construction of the Salamanca mine during the quarter to the end of September.

Company representatives have recently met and had constructive dialogue with officials from the Ministry of Ecological Transition, the Regional Government of Castilla y Leon, and the Nuclear Safety Council.

Berkeley Energia also plans to recruit a suitably qualified Spanish national for the role of managing director and chief executive.

Meanwhile, a drilling program designed to test for critical battery and electric vehicle metals across the company's large ground holding in Western Spain has got underway.

An initial six-hole drilling program targeting an area is in the west of the company's tenement package which has previously been mined for tin and lithium and has reported significant cobalt anomalies is well advanced.

Four diamond holes, for approximately 500 metres of drilling, have been completed to date. Samples from these drill holes have been sent to the analytical laboratory and final assay results are pending.

 

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Price: 13.75 GBX

LSE:BKY
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Market Cap: £35.54 m
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Caution over Berkeley Energia report casting doubt over Spanish government...

Numis Securities analyst Justin Chan chats to Proactive London's Andrew Scott following a Reuters report suggesting Spain’s government will not issue the required permits for construction of Berkeley Energia Ltd 's (LON:BKY) Salamanca mine to go-ahead, even though the project was granted...

on 17/10/18

2 min read