Further re Spanish Approval


 

TIDMBKY 
 
RNS Number : 1888R 
Berkeley Resources Limited 
27 April 2009 
 

 
 
 
 
 
 
27 April 2009 
 
 
 
 
 
 
ANNOUNCEMENT TO THE AUSTRALIAN SECURITIES EXCHANGE 
 
 
 
 
Council of ministers APPROVAL RECEIved 
for enusa agreement 
 
 
 
 
 
 
The Directors of Berkeley Resources Limited are pleased to advise that the 
Spanish Council of Ministers on Friday approved the Co-operation Agreement with 
ENUSA Industrias Avanzadas SA (ENUSA), as set out in the announcement dated 9 
December 2008. 
 
 
Berkeley will now proceed to: 
 
 
  *  Pay the initial deposit of EUR5m for the ENUSA assets; 
 
 
 
  *  Acquire ENUSA's historical database for the Salamanca State Reserves and the 
  Quercus uranium processing plant; 
 
 
 
  *  Commence a feasibility study on the Salamanca Uranium Project, scheduled to take 
  18 months to complete; 
 
 
 
  *  Undertake the placements and rights issue set out in the announcement of 23 
  March 2009; and 
 
 
 
  *  Appoint Mr Stephen Dattels to the Board upon completion of the placement to Polo 
  Resources Ltd. 
 
 
 
Berkeley is ideally placed to undertake the feasibility study, which includes an 
existing uranium processing plant and the substantial combined resource base of 
the two companies. Berkeley particularly looks forward to partnering with ENUSA 
to investigate the regeneration of uranium production in Spain. 
 
 
 
 
Enquiries -    Managing Director:        Matt Syme        Tel: +61 417 906 717 
                 RBC Capital Markets: Martin Eales    Tel: +44 20 7029 7881 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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