3rd Feb 2014 10:57
LONDON (Alliance News) - Berkeley Mineral Resources PLC Monday announced the latest results from continuing copper processing trials at Kabwe in Zambia.
The AIM-listed resource company with operations in Zambia, said the tests, which commenced in December following the construction of a copper cementation plant at Kabwe, was carried out by Enviro Processing Ltd.
The company said the first trials produced a cement grading 89% cement content, but the new trials, which made reconfigurations to the plant and process circuit, had an improved grade of 92% copper content.
Berkeley said it has received interest from international parties seeking to enter into an offtake agreement for the Kabwe ore and the discussions are at an advanced stage.
The company said it is now moving to a further stage of the copper processing trials which will be carried out over the next two weeks and directors anticipate that the cement grade will be close to 95% copper content.
Berkeley Mineral Resources shares were up 4.3% to 2.14 pence Monday.
By Tom McIvor; [email protected]; @TomMcIvor1
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