Berkeley Energia Limited

Net Asset Value • Jul 20, 2015

National Storage Mechanism | Additional information

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RNS Number : 4514T

Berkeley Resources Limited

20 July 2015

BERKELEY RESOURCES LIMITED

AIM RELEASE  |  20 JULY 2015  |  ASX/AIM:BKY

MAJOR PERMITTING MILESTONE FOR SALAMANCA PROJECT

·     The Nuclear Safety Council has issued a favourable report for the grant of the Initial Authorisation of the proposed process plant as a radioactive facility.

·     This is the first in a three step process required to authorize the plant for operation.

Berkeley Resources Limited ("Berkeley" or the "Company") is pleased to announce that the Nuclear Safety Council has issued a favourable report which is compulsory and binding on the Ministry of Industry, Energy and Tourism, for the grant of the Initial Authorisation.

The report is an official recognition of the purpose and selected location of the process plant, and represents a significant permitting milestone for the Company.

This authorisation allows the commencement of preliminary infrastructure works to access the plant, notwithstanding any other permits that may be required.

The favourable report also includes technical instructions to the Company for the application for the Authorisation for Construction, which is the second step in the overall three step process. The Company is well advanced in the preparation of the required documentation for this application and expects to make its submission shortly.

The permitting process is now well advanced, with the Environmental License and the Mining License already granted.

For further information contact:

Paul Atherley	Hugo Schumann		John Prior / Paul Gillam
Managing Director	Corporate Manager		Numis Securities
+44 207 478 3900	+44 207 478 3900		Nomad & Broker +44 207 260 1000
[email protected]

Forward Looking Statement

Statements regarding plans with respect to the Company's mineral properties are forward-looking statements. There can be no assurance that the Company's plans for development of its mineral properties will proceed as currently expected. There can also be no assurance that the Company will be able to confirm the presence of additional mineral deposits, that any mineralisation will prove to be economic or that a mine will successfully be developed on any of the Company's mineral properties.

This information is provided by RNS

The company news service from the London Stock Exchange

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