Resources Update
30 Marzo 2010 - 8:49AM
UK Regulatory
TIDMBKY
RNS Number : 3990J
Berkeley Resources Limited
30 March 2010
30 March 2010
BERKELEY RESOURCES LIMITED
RESOURCES INCREASED TO OVER 80 Mlbs of U3O8
at a 200 ppm cut-off
Berkeley Resources Limited is pleased to advise the completion of the initial
Mineral Resource Estimates, reported in accordance with the JORC Code (2004),
for the Salamanca Uranium Project in Spain. New estimates for the Alameda and
Villar Area deposits have increased total Mineral Resources within Berkeley's
projects by 53% to over 80 Mlbs of U3O8 at a 200 ppm cut-off and over 100 Mlbs
at a 100 ppm cut-off (see Table 1).
· Mineral Resources within Berkeley's projects now total 81.2 million tonnes
at 450 ppm for 80.4 Mlbs U3O8, with 32% in the Measured and Indicated
categories.
· Mineral Resources for the Alameda South Deposit total 18.5 Mlbs at an
average grade of 458 ppm U3O8 including 49% Indicated Resources.
· Mineral Resources for the Alameda North Deposits total 4.5 Mlbs at an
average grade of 503 ppm U3O8. These Mineral Resources are all in the Inferred
category.
· Mineral Resources for the Villar Deposit (previously Esperanza) total 4.9
Mlbs at an average grade of 446 ppm U3O8. These Mineral Resources are all in the
Inferred category.
· Reverse circulation (RC) drilling to upgrade and extend the Mineral
Resources at Palacios North, Sageras and Alameda South is due to commence in the
June Quarter with updated Mineral Resource Estimates for these deposits
completed thereafter.
· Table 1 - Berkeley Projects Total Mineral Resources
+---------+------+-------+-------+------+-------+-------+-------+-------+-------+-------+-------+-------+
|Cut-off | Measured | Indicated | Inferred | Total |
+---------+----------------------+----------------------+-----------------------+-----------------------+
| U3O8 | T | U3O8 | U3O8 | T | U3O8 | U3O8 | T | U3O8 | U3O8 | T | U3O8 | U3O8 |
+---------+------+-------+-------+------+-------+-------+-------+-------+-------+-------+-------+-------+
| (ppm) |(Mt) |(ppm) |(Mlb) |(Mt) |(ppm) |(Mlb) | (Mt) |(ppm) |(Mlb) | (Mt) |(ppm) |(Mlb) |
+---------+------+-------+-------+------+-------+-------+-------+-------+-------+-------+-------+-------+
| 100 | 9.2 | 306 | 6.2 |30.8 | 355 | 24.1 |108.5 | 299 | 70.9 |148.5 | 311 |101.2 |
+---------+------+-------+-------+------+-------+-------+-------+-------+-------+-------+-------+-------+
| 150 | 7.7 | 341 | 5.8 |23.9 | 423 | 22.3 | 76.2 | 374 | 62.5 |107.8 | 382 | 90.5 |
+---------+------+-------+-------+------+-------+-------+-------+-------+-------+-------+-------+-------+
| 200 | 5.6 | 403 | 5.0 |18.9 | 491 | 20.5 | 56.6 | 441 | 54.8 | 81.2 | 450 | 80.4 |
+---------+------+-------+-------+------+-------+-------+-------+-------+-------+-------+-------+-------+
Ian Stalker, Berkeley Resources MD commented "These latest figures confirm the
quality of the Salamanca resources allowing us to push forward on our
Feasibility Study to bring the Project back into production and to develop a
production profile commensurate with such a quality resource base. The
substantial resources available encourage us to investigate increasing
production beyond the present plant capacity of 2.1 Mlbs U3O8 per annum.
The 200 ppm cut-off applied to the Mineral Resource Estimates (Table 2) is a
conservative approach and along with increasing mining production and
throughput, offers the potential to improve operating costs from previous
estimates."
Enquiries - Managing Director: Ian Stalker Tel: +34
608 221 497
RBC Capital Markets: Martin Eales Tel: +44
20 7029 7881
1. MINERAL RESOURCE INVENTORY
Berkeley's Mineral Resources are located in 5 areas: Águila, Alameda, Villar,
Retortillo and Gambuta.
Berkeley has previously advised Mineral Resource Estimates for the Retortillo,
Águila and Gambuta Areas. Following the completion of the confirmatory drilling
program at the Alameda Area (announced on the 18th March, 2010), Mineral
Resource Estimates for the Alameda South, Alameda North and Villar deposits have
now been completed. A detailed breakdown of each deposit is presented in Table
2.
Berkeley's Feasibility Study is focussed initially on the Águila and Alameda
areas, with possible extension to the Retortillo and Villar areas. These four
areas form the Salamanca Uranium Project (the "Project").
Table 2 - MINERAL RESOURCE INVENTORY (200 ppm U3O8 Cut-off)
+------------+-----------+--------+-------+--------+--------+----------+-----------+
| Deposit | Resource |Tonnes | U3O8 | U3O8 | U3O8 |Category |Estimated |
+------------+-----------+--------+-------+--------+--------+----------+-----------+
| Name | Category | (Mt) |(ppm) | (t) |(Mlbs) | (%) | By 1 |
+------------+-----------+--------+-------+--------+--------+----------+-----------+
| |Indicated | 8.6 | 480 | 4,133 | 9.1 | 49.1% | |
+------------+-----------+--------+-------+--------+--------+----------+-----------+
| | Inferred | 9.8 | 439 | 4,280 | 9.4 | 50.9% | |
+------------+-----------+--------+-------+--------+--------+----------+-----------+
| Alameda | Total | 18.4 | 458 | 8,413 | 18.5 | 100.0% | AMC |
| South 2 | | | | | | | |
+------------+-----------+--------+-------+--------+--------+----------+-----------+
| Alameda | Inferred | 4.1 | 503 | 2,046 | 4.5 | 100.0% | BR |
| North 2 | | | | | | | |
+------------+-----------+--------+-------+--------+--------+----------+-----------+
| |Indicated | 8.6 | 480 | 4,133 | 9.1 | 39.5% | |
+------------+-----------+--------+-------+--------+--------+----------+-----------+
| | Inferred | 13.9 | 458 | 6,326 | 13.9 | 60.5% | |
+------------+-----------+--------+-------+--------+--------+----------+-----------+
| Alameda | Total | 22.5 | 466 |10,459 | 23.1 | 100.0% | |
| Area 2 | | | | | | | |
+------------+-----------+--------+-------+--------+--------+----------+-----------+
| Villar | Inferred | 5.0 | 446 | 2,239 | 4.9 | 100.0% | BR |
| Area 2, | | | | | | | |
| 5 | | | | | | | |
+------------+-----------+--------+-------+--------+--------+----------+-----------+
| | Measured | 5.6 | 403 | 2,262 | 5.0 | 24.1% | |
+------------+-----------+--------+-------+--------+--------+----------+-----------+
| |Indicated | 5.1 | 470 | 2,415 | 5.3 | 25.7% | |
+------------+-----------+--------+-------+--------+--------+----------+-----------+
| | Subtotal | 10.8 | 435 | 4,677 | 10.3 | 49.8% | |
| | M+I | | | | | | |
+------------+-----------+--------+-------+--------+--------+----------+-----------+
| | Inferred | 11.8 | 400 | 4,715 | 10.4 | 50.2% | |
+------------+-----------+--------+-------+--------+--------+----------+-----------+
| Águila | Total | 22.5 | 417 | 9,392 | 20.7 | 100.0% | AMC |
| Area 2, | | | | | | | & BR |
| 4 | | | | | | | |
+------------+-----------+--------+-------+--------+--------+----------+-----------+
| |Indicated | 5.2 | 531 | 2,759 | 6.1 | 27.1% | |
+------------+-----------+--------+-------+--------+--------+----------+-----------+
| | Inferred | 14.7 | 505 | 7,431 | 16.4 | 72.9% | |
+------------+-----------+--------+-------+--------+--------+----------+-----------+
| Retortillo | Total | 19.9 | 512 |10,190 | 22.5 | 100.0% | MS & |
| Area 4 | | | | | | | BR |
+------------+-----------+--------+-------+--------+--------+----------+-----------+
| | Measured | 5.6 | 403 | 2,262 | 5.0 | 7.0% | |
+------------+-----------+--------+-------+--------+--------+----------+-----------+
| |Indicated | 18.9 | 491 | 9,307 | 20.5 | 28.8% | |
+------------+-----------+--------+-------+--------+--------+----------+-----------+
| | Subtotal | 24.5 | 471 |11,569 | 25.5 | 35.9% | |
| | M+I | | | | | | |
+------------+-----------+--------+-------+--------+--------+----------+-----------+
| Salamanca | Inferred | 45.4 | 458 |20,711 | 45.6 | 64.1% | |
+------------+-----------+--------+-------+--------+--------+----------+-----------+
| Uranium | Total | 69.9 | 463 |32,280 | 71.2 | 100.0% | |
| Project | | | | | | | |
+------------+-----------+--------+-------+--------+--------+----------+-----------+
| Gambuta | Inferred | 11.3 | 371 | 4,174 | 9.2 | 100.0% | MS |
| Area 4 | | | | | | | |
+------------+-----------+--------+-------+--------+--------+----------+-----------+
| | Measured | 5.6 | 403 | 2,262 | 5.0 | 6.2% | |
+------------+-----------+--------+-------+--------+--------+----------+-----------+
| |Indicated | 18.9 | 491 | 9,307 | 20.5 | 25.5% | |
+------------+-----------+--------+-------+--------+--------+----------+-----------+
| | Subtotal | 24.5 | 471 |11,569 | 25.5 | 31.7% | |
| | M+I | | | | | | |
+------------+-----------+--------+-------+--------+--------+----------+-----------+
| | Inferred | 56.6 | 441 |24,885 | 54.8 | 68.3% | |
+------------+-----------+--------+-------+--------+--------+----------+-----------+
| Berkeley | Total | 81.2 | 450 |36,454 | 80.4 | 100.0% | |
| | | | | | | | |
+------------+-----------+--------+-------+--------+--------+----------+-----------+
1. AMC = AMC Consultants(UK), MS = McDonald Speijers Consultants, BR =
Berkeley Resources
2. Berkeley has agreed to acquire 90% of the ENUSA State Reserves and any
deposits therein by, inter alia, completing a feasibility study and paying EUR20m
to ENUSA. For full details of the Agreement, see Berkeley's announcement dated
10 December 2008
3. All figures are rounded, so differences may occur
4. Previously reported Mineral Resources
5. Villar Area previously referred to as Esperanza
2. SALAMANCA URANIUM PROJECT
Berkeley's Feasibility Study process for the Salamanca Uranium Project commenced
in May 2009, following Cabinet approval of the Co-Operation Agreement between
Berkeley and ENUSA. The Study objective is to assess the viability of
restarting mining within the Salamanca State Reserves, based on a number of
known uranium deposits.
Following successful completion of the Scoping Study, announced in December
2009, the Company has focused on the estimation of Mineral Resources based on
historical exploration targets, as well as acquiring representative samples for
a comprehensive program of metallurgical testing. This process has now been
completed for the Águila Area, proximal to the Quercus processing plant and the
Alameda Area, 12km to the west. Final Mineral Resource Estimates for the
Feasibility Study, which are intended to upgrade resource categories, will be
available later in 2010 after infill RC drilling and probing of additional ENUSA
holes.
2.1 Geology
The largest accumulations of uranium within the Project area are hosted in an
Upper Proterozoic to Lower Cambrian package of rocks called the Schist Greywacke
Complex (SGC). The SGC and associated Hercynian granitic plutons form the
basement which is unconformably overlain by continental sediments deposited
during the Tertiary Alpine Orogeny. The cover sediments are unmineralised, but
uranium mineralisation does occur within intragranitic veins.
The SGC is affected by the 3 main phases of the Hercynian Orogeny and pre
Hercynian deformation has also been recognised. Later Alpine movements
rejuvenated earlier Hercynian structures as well as developing new fracture and
breccia zones.
The complex was metamorphosed to lower green schist facies during the Hercynian,
and well developed contact aureoles and small granitic dykes and sills are
common around granite margins.
The deposits are associated with quartz sericite metapelites which are often
carbonaceous. Structural preparation and rock competencies appear to have
influenced deposit formation. The official International Atomic Energy
Association classification for the metasedimentary hosted deposits is Vein Type
- Sub Type Iberian, originally formed by low temperature near surface
hydrothermal processes. Variable local weathering effects influence the
distribution of mineralisation, the degree of which varies between deposits.
Disequilibrium has not been identified as a significant issue.
2.2 Alameda Area
The Alameda South and North deposits are located approximately 14km to the west
of the Quercus Plant and have a combined total Mineral Resource Estimate of 22.5
Mt at 466 ppm for 23.1 Mlbs U3O8.
Alameda South
The Alameda South deposit was discovered in the 1960's and subsequently drilled
out on a 50m x 50m pattern using diamond drilling with chemical assays. The
deposit extends from the surface down to 120m and covers and an area of 2km by
1.2km with relatively flat surface topography. Total Mineral Resources have been
estimated at 18.4 Mt at 458 ppm for 18.5 Mlbs U3O8, including 49% in the
Indicated category.
The historical drill hole database for the Alameda South deposit contains 400
diamond drill holes for a total of 40,000m. The drill spacing is 50m x 50m over
the majority of the deposit although this has been reduced to 35m x 35m over the
main central zone of mineralisation. All of the historical assay data consists
of chemical assays which have been checked against the historical drill logs.
Berkeley has completed a confirmatory diamond drilling program consisting of 19
holes in a series of traverses across the deposit. The detailed results were
recently announced (18th March, 2010) with all of the Berkeley holes
intersecting mineralisation consistent with the historical data. The e-grades
from the Berkeley drill holes were combined with the historical chemical assay
data for use in the estimate.
Uranium mineralisation at Alameda South is hosted by a deformed sequence of
regionally and thermally metamorphosed quartz sericite pelites. In addition,
granitic sills and shallow dipping dykes were intruded after the main folding
and metamorphism events followed by the uranium mineralisation.
Uranium mineralisation occurs in a complex network of moderately to steeply
dipping brittle structures (veins, faults, fractures and along bedding contacts)
as a result of a low temperature hydrothermal event. The mineralised zones
commonly have sharp boundaries, separating mineralised structures from poorly
mineralised host rock, recent fracturing is partly responsible for this.
Mineralised domains are 50-200m wide in plan trend North and North-West and dip
moderately-to-steeply West and South-West respectively. The North-trending
domain has a strike extent of approximately 800m and the North-West-trending
domains have a cumulative strike of approximately 1,500m. Within each of the
domains, multiple mineralised zones have widths of up to 50m. The depth to the
base of mineralisation varies depending on how well developed the structures are
that host the mineralisation. In the North-trending part of the deposit which
has a fault zone in the footwall, the mineralisation extends up to 120m below
surface. Elsewhere on the North-West-trending mineralised structures the
mineralisation extends 60-70m below surface.
Berkeley's geological model is based on a broad outer envelope of mineralisation
that captures the majority of the +100 ppm U3O8 grades. It includes internal
sub grade material in order to maintain geological continuity across drill
sections.
Average bulk density values, derived from Berkeley drill core, were assigned to
oxidised, transition and fresh blocks in the model.
The Mineral Resource Estimate was undertaken by AMC Consultants (UK) using a
block model configuration of 10m x 10m x 6m parent cells, with cells being
permitted to split once in any direction where bounding surfaces are
encountered.
Sample uranium grade statistics were calculated and population characteristics
analysed for each of the mineralised zones. High grade top cuts were determined
for each zone and applied to the sample composites to reduce the affect of
extreme outlier values. Variographic analysis was successfully completed for two
mineralised zones and parameters were derived using multi-structure spherical
models. Uranium grades were estimated from 2m sample composites, using Ordinary
Kriging for the two mineralised zones and inverse distance squared weighting for
the remaining zones. Grade interpolation into parent cells was conducted under
hard-bounded zonal control, using mostly 40m x 40m x 5m search ellipsoids
aligned in the average plane orientation of each zone.
The Mineral Resource classification was based on confidence levels for criteria
such as data density and interpreted grade continuity. Indicated Resources were
restricted to estimated blocks within the central part of the deposit where the
drilling density is 35m x 35m (or less) and the grade continuity is very good.
An Inferred category was assigned to those blocks where the drilling density was
50m x 50m or greater.
The Mineral Resource Estimates in Table 2 are all reported using a 200 ppm U3O8
cut-off grade. However, the Scoping Study pit optimisation study indicated that
a cut-off grade closer to 150 ppm should be considered. The impact of assuming
various cut-off grades at Alameda South is illustrated in Table 3 below.
Table 3 - Alameda South Mineral Resource Estimate
+---------+--------+-------+-------+--------+-------+-------+--------+-------+-------+
|Cut-off | Indicated | Inferred | Total |
+---------+------------------------+------------------------+------------------------+
| U3O8 |Tonnes | U3O8 | U3O8 |Tonnes | U3O8 | U3O8 |Tonnes | U3O8 | U3O8 |
+---------+--------+-------+-------+--------+-------+-------+--------+-------+-------+
| (ppm) | (Mt) |(ppm) |(Mlb) | (Mt) |(ppm) |(Mlb) | (Mt) |(ppm) |(Mlb) |
+---------+--------+-------+-------+--------+-------+-------+--------+-------+-------+
| 100 | 11.9 | 389 | 10.2 | 16.0 | 326 | 11.5 | 27.8 | 353 | 21.7 |
+---------+--------+-------+-------+--------+-------+-------+--------+-------+-------+
| 150 | 10.1 | 435 | 9.7 | 12.7 | 378 | 10.6 | 22.8 | 403 | 20.3 |
+---------+--------+-------+-------+--------+-------+-------+--------+-------+-------+
| 200 | 8.6 | 480 | 9.1 | 9.8 | 439 | 9.4 | 18.4 | 458 | 18.5 |
+---------+--------+-------+-------+--------+-------+-------+--------+-------+-------+
All figures are rounded, so differences may occur
A 30 hole RC drilling program to commence in the June Quarter is planned to test
the lateral and depth potential identified in the recent diamond drill program
and to increase confidence in areas previously drilled at lower density. It is
anticipated that the majority of the Inferred Resource will be upgraded
following this program and an updated resource statement will be announced at
the end of the June quarter.
Alameda North
The Alameda North deposits consist of 3 separate zones extending north from
Alameda South over a distance of 3.5 km along the granite contact. All of the
Mineral Resources have been classified as Inferred and total 4.1 Mt at 503 ppm
for 4.5 Mlbs U3O8. A breakdown of the individual deposits showing the number of
holes drilled is included in Table 4.
Table 4 - Alameda North Mineral Resource Estimates (200 ppm U3O8 Cut-off)
+---------+-------+--------+----------+--------+-------+--------+------+
|Deposit | No. | Total |Category |Tonnes | U3O8 | U3O8 |U3O8 |
| |Drill | | | | | | |
+---------+-------+--------+----------+--------+-------+--------+------+
| |Holes |Metres | | (Mt) |(ppm) |tonnes | Mlb |
+---------+-------+--------+----------+--------+-------+--------+------+
| Zone | 49 | 2,568 |Inferred | 1.2 | 472 | 566 | 1.2 |
| 2 | | | | | | | |
+---------+-------+--------+----------+--------+-------+--------+------+
| Zone | 118 | 6,927 |Inferred | 1.1 | 492 | 523 | 1.2 |
| 19 | | | | | | | |
+---------+-------+--------+----------+--------+-------+--------+------+
| Zone | 107 | 6,588 |Inferred | 1.8 | 531 | 952 | 2.1 |
| 21 | | | | | | | |
+---------+-------+--------+----------+--------+-------+--------+------+
| | 274 |16,083 | Total | 4.1 | 503 | 2,042 | 4.5 |
+---------+-------+--------+----------+--------+-------+--------+------+
All figures are rounded, so differences may occur
The historical drill hole database for the Alameda North deposits contains 274
diamond drill holes for a total of 16,000m (see Table 4). The drill spacing at
all 3 deposits is approximately 35m x 35m and all of the historical assay data
consists of chemical assays. The mineralisation has been interpreted within an
envelope of +100 ppm U3O8 although sub grade material has been included in order
to maintain geological continuity across drill sections. A block model with a
cell size of 10m x 10m x 5m (vertical) was constructed with original chemical
assay data composited to 2m after applying a top cut of 5,000 ppm U3O8 to reduce
the effect of extreme outlier values. Blocks were estimated using Ordinary
Kriging with a minimum of 5 samples required to interpolate a grade into a
block. An average bulk density of 2.7 was used based on the Berkeley density
measurements taken at Alameda South.
The Mineral Resource Estimate was classified as Inferred as Berkeley has not
done any confirmatory drilling in this area. However, all of the historical
drilling was undertaken at the same time as the Alameda South historical
drilling where Berkeley has completed the confirmatory diamond drill program.
2.3 Villar Area
The Villar Area is located 10km north of Alameda and 14km north-west of the
Quercus Plant. The Area has been extensively explored since the 1960's but
still contains a number of untested radiometric anomalies. A small historical
underground mine was developed at the Villar Deposit but only limited mining
activity was undertaken.
Berkeley airborne radiometrics have confirmed the potential of the area and show
that the Villar Deposit is located on a strong radiometric anomaly that extends
to the south-west and links up with the Barquilla prospect where Berkeley
drilled 7 diamond holes in 2008. An Inferred Mineral Resource of 5.0 Mt at 446
ppm for 4.9 Mlbs U3O8 has been estimated.
Lithologies are similar to the Águila Area with host rocks consisting of fine
grained metasediments that have undergone contact metamorphism associated with
the Villar del Ciervo-Bañobarez batholith which limits the mineralisation to the
north. Mineralisation is associated with a north east-south west oriented
fracture systems and occurs over an area of 1.5km by 1.3km.
The Villar historical drill hole database contains 163 (10,000m) diamond drill
holes with associated chemical assays and 336 roto percussion drill holes
(23,000m) with down hole e-grades. A proportion of the drill holes do not have
any assay data or have unsampled intervals so these were all assigned a zero
grade. The drill spacing is typically 40m x 40m roto-percussion holes which have
been infilled with diamond drilling to 20m x 20m in the main mineralised areas.
The mineralisation has been interpreted within an envelope of +100 ppm U3O8
intersections and a number of flat lying zones were identified extending from
the surface down to 40 metres. A block model with a cell size of 10m x 10m x 2m
(vertical) was constructed with original chemical and e-grade assay data
composited to 1m after applying a top cut of 5,000 ppm U3O8 to reduce the effect
of extreme outlier values. Blocks were estimated using Ordinary Kriging with a
minimum of 5 samples required to interpolate a grade into a block. An average
bulk density of 2.7 was applied, based on the Berkeley density measurements
taken in other areas.
The Mineral Resource Estimate was classified as Inferred as Berkeley has not
done any confirmatory drilling on this deposit although a number of Berkeley
diamond holes drilled at the Barquila Prospect confirmed the nearby historical
data.
3. SUPPLEMENTARY RESOURCE INFORMATION
The uranium grades reported in this release that are annotated with a sub-prefix
"e" are reported as uranium equivalent grades derived from down-hole gamma ray
logging results and so they should be regarded as approximations only.
The Berkeley drill holes were logged with a GeoVista total count gamma tool. The
gamma tool was calibrated in Adelaide at the Department of Water, Land and
Biodiversity Conservation in calibration pits constructed under the supervision
of CSIRO. The various calibration factors were calculated by David Wilson BSc
MSc MAusIMM from 3D Exploration Ltd based in Perth, Western Australia.
These Mineral Resources Estimates are presented in accordance with the 2004
Edition of the "Australasian Code for Reporting of Exploration Results, Mineral
Resource and Ore Reserves" (JORC Code).
The information relating to the Mineral Resource Estimates have been compiled by
Berkeley Resources team of geologists and consulting geoscientists.
All Mineral Resource Estimate totals have been reported at a 200 ppm U3O8
cut-off unless otherwise stated.
Mr Chris Arnold (MAUSIMM) conducted the estimates for the Alameda South deposit.
Mr Arnold is the Principal Resource Consultant with AMC Consultants (UK), a
member of the AusIMM, and a geologist whose career includes more than 20 years
relevant experience in resource estimation.
Mr Ross Corben (MAUSIMM) conducted the estimates of the Alameda North and Villar
deposits. Mr Corben is currently a Senior Project Geologist with Berkeley
Resources and is a geologist with more than 15 years relevant experience in
resource estimation.
A full version of this announcement including images can be downloaded from
Berkeley's website at www.berkeleyresources.com.au.
The information in this report that relates to Exploration Results, Mineral
Resources or Ore Reserves is based on information compiled by Mr. Ross Corben,
who is a Member of The Australian Institute of Mining and Metallurgy and an
employee of Berkeley Resources Limited. Mr. Corben has sufficient experience
which is relevant to the style of mineralisation and type of deposit under
consideration and to the activity which he is undertaking to qualify as a
Competent Person as defined in the 2004 Edition of the 'Australasian Code for
Reporting of Exploration Results, Mineral Resources and Ore Reserves'. Mr.
Corben consents to the inclusion in the report of the matters based on his
information in the form and context in which it appears.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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