29th Oct 2015 09:52
LONDON (Alliance News) - Berkeley Energy Ltd on Thursday said it is in talks with potential financiers for the Salamanca uranium project in western Spain following a positive quarter for the company regarding the Zona 7 deposit at the site.
Berkeley said it has now secured all European Union approvals for the initial infrastructure development at the project, along with national, regional and provincial approvals. The final stages of local approvals are well advanced and expected to be finalised well ahead of the target start date for the project of mid-2016.
The company said test results received in the quarter increased the resource grade for Zona 7, and the inclusion of the deposit in the wider Salamanca project improves the economics of the overall work programme.
The company said the good results from the project in the quarter to the end of September has resulted in it receiving a number of approaches from potential financiers for the project which Berkeley is now working to advance.
Shares in Berkeley were down 1.7% to 20.15 pence on Thursday.
By Sam Unsted; [email protected]; @SamUAtAlliance
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