IRW-News: Berkeley Energia Ltd.: Berkeley Energia Ltd.: Hochgradige Abschnitte unterhalb von Zona 7 weisen auf Ressourcenhochstufung hin

IRW-PRESS: Berkeley Energia Ltd.: Berkeley Energia Ltd.: Hochgradige Abschnitte unterhalb von Zona 7 weisen auf Ressourcenhochstufung hin

Hochgradige Abschnitte unterhalb von Zona 7 weisen auf Ressourcenhochstufung hin

Unterhalb der Lagerstätte Zona 7 wurden weitere hochgradige Abschnitte entdeckt, was frühere Hinweise unterstützt, wonach die Mineralisierung unterhalb der zurzeit definierten Ressource weiterverläuft.

Die Ergebnisse von weiteren vier Bohrlöchern, die in der oberflächennahen Lagerstätte Zona 7 gebohrt und auf eine maximale Tiefe von 271 Metern erweitert wurden, lieferten gemeldete Gehalte, die mit dem Durchschnittsgehalt der Ressource Zona 7 übereinstimmen oder höher waren.

Die herausragenden Abschnitte beinhalten:

- 14 m mit 1.776 ppm U3O8

- einschl. 8 m mit 2.644 ppm U3O8

- 26 m mit 1.103 ppm U3O8

- einschl. 4 m mit 3.973 ppm U3O8

- 10 m mit 635 ppm U3O8

- einschl. 1 m mit 2.246 ppm U3O1

- 14 m mit 597 ppm U3O8

- einschl. 8 m mit 1.204 ppm U3O2

- 17 m mit 563 ppm U3O8

- einschl. 2 m mit 1.160 ppm U3O8

Die Bohrungen bei Zona 7 sind Teil des laufenden Explorationsprogramms bei zahlreichen wichtigen Zielen beim Projekt Salamanca.

Die Bohrungen unterhalb von Zona 7 vervollständigen die drei Bohrlöcher, die in diesem Jahr gebohrt wurden und in denen hochgradige Abschnitte von bis zu 14 Metern mit 4.481 Teilen pro Million U3O8 gemeldet wurden (siehe Meldung vom 27. Januar 2016).

Managing Director Paul Atherley sagte:

Angesichts der vorübergehenden Auswirkung, die die oberflächennahe, hochgradige Lagerstätte Zona 7 auf die Wirtschaftlichkeit des Projektes hatte, wird das Hauptaugenmerk des aktuellen Explorationsprogramms darauf gerichtet werden, mehr davon zu finden. Weitere hochgradige Abschnitte unmittelbar unterhalb von Zona 7 sind äußerst vielversprechend und weisen auf eine potenzielle Ressourcenhochstufung bei der Lagerstätte hin.

Für weitere Informationen kontaktieren Sie bitte:

Paul Atherley-

Managing Director-

+44 207 478 3900-

info@berkeleyenergia.com

Hugo Schumann

Commercial Manager

+44 207 478 3900

Anhang A: Detaillierte Ergebnisse

Bohrprogramm

Im Rahmen des Programms, das ursprünglich konzipiert worden war, um eine Mineralisierung unterhalb und südlich von Zona 7 zu suchen und um eine Reihe von Zielen innerhalb eines Radius von zehn Kilometern der geplanten Retortillo-Anlage zu erproben, wurden bis dato 83 RC-Bohrlöcher auf insgesamt 5.900 Metern abgeschlossen.

Der Großteil der Bohrlöcher wurde in Abständen von 50 Metern entlang eines Abschnitts gebohrt, wobei zwischen den Abschnitten ein Abstand von 400 Metern eingehalten wurde.

Die Analysedaten von vier der abgeschlossenen Bohrlöcher sind eingetroffen. Ein Teil der Ergebnisse ist hierin angegeben, die restlichen Ergebnisse werden veröffentlicht, sobald sie verfügbar sind.

In den kommenden zwei Monaten werden acht weitere Bohrlöcher abgeschlossen werden, die allesamt die Mineralisierung unterhalb der Lagerstätte Zona 7 anpeilen. Die Ergebnisse werden gemeldet, sobald sie verfügbar sind.

Das Bohrprogramm ist Teil einer Strategie zur Aufrechterhaltung der jährlichen Produktion beim Projekt Salamanca von über vier Millionen Pfund, die erzielt werden wird, indem manche der 29,6 Millionen Pfund der bestehenden abgeleiteten Ressourcen in den Minenplan aufgenommen werden, die Ressource bei Zona 7 erweitert wird und neue Entdeckungen in der Region gemacht werden.

Ergebnisse

Die hierin gemeldeten Bohrlöcher wurden durch die oberflächennahe Lagerstätte Zona 7 gebohrt und auf eine maximale Bohrlochtiefe von 271 Metern erweitert. Die Untersuchungsergebnisse bestätigen das Vorkommen von Zonen mit hochgradigen Mineralisierungen unterhalb von Zona 7 (Abbildung 1).

Bei Zona 7 wurden in Oberflächennähe und in der Tiefe (zwischen drei und der maximalen Tiefe von 255 Metern) bedeutsame hochgradige Abschnitte mit Mächtigkeiten von bis zu 26 Metern verzeichnet. Ausgewählte Abschnitte beinhalten:

Bohrlochnr.Tiefenabschnitt Von Tiefe

(Bohrlochti

efe)

Z7R-357 10 m mit 635 ppm U3O30 m

8 39 m

43 m

einschl. 1 m mit 43 m

2.246 ppm 248 m

U 254 m

3O8

26 m mit 1.103 ppm U

3

O8

einschl. 4 m mit

3.973 ppm

U

3O8

2 m mit 461 ppm U3O8

1 m mit 762 ppm U3O8

Z7R-358* 5 m mit 526 ppm U3O848 m

Z7R-359* 10 m mit 494 ppm U3O47 m

8

Z7R-360 14 m mit 597 ppm U3O12 m

8 29 m

39 m

6 m mit 457 ppm U3O863 m

4 m mit 639 ppm U3O866 m

17 m mit 563 ppm U3O113 m

8 207 m

212 m

einschl. 2 m mit

1.160 ppm

U

3O8

6 m mit 480 ppm U3O8

14 m mit 1.776 ppm U

3

O8

einschl. 8 m mit

2.644 ppm

U

3O8

- * Bohrlöcher, die die angepeilte Tiefe aufgrund schwieriger Bodenbedingungen nicht erreicht haben und aufgegeben wurden

Alle bedeutsamen Abschnitte der abgeschlossenen Bohrungen sowie die Details zur Position des Bohrkragens, zur Bohrlochausrichtung und zur Tiefe sind in Anhang B zusammengefasst.

Geologische Beschaffenheit

Zona 7 ist eine erzgangartige Lagerstätte, die sich in einer Reihe feinkörniger Metasedimente befindet, die unterhalb einer Konglomerateinheit und neben einer Granitintrusion liegt (Abbildungen 1, 2 und 3). Die mineralisierte Hülle ist im Allgemeinen subhorizontal und die Mineralisierung ist in einem Erzgang-Stockwork enthalten. Die Uranmineralisierung kommt sowohl in der partiell verwitterten Zone als auch in frischem Gestein vor. In der südlichen Erweiterung variiert die Deckschicht aus dem Känozoikum zwischen einem und zwölf Metern.

http://www.irw-press.at/prcom/images/messages/2016/37634/160905 High grade intercepts below Zona 7 point to resource upgrade_fina _DE_PRCOM.001.png

http://www.irw-press.at/prcom/images/messages/2016/37634/160905 High grade intercepts below Zona 7 point to resource upgrade_fina _DE_PRCOM.002.png

Frühere Tiefenbohrlöcher

Abbildung 1: Bohrplan

http://www.irw-press.at/prcom/images/messages/2016/37634/160905 High grade intercepts below Zona 7 point to resource upgrade_fina _DE_PRCOM.003.png

http://www.irw-press.at/prcom/images/messages/2016/37634/160905 High grade intercepts below Zona 7 point to resource upgrade_fina _DE_PRCOM.004.png

Frühere RC-Bohrlöcher

Abbildung 2: Zona 7 Querschnitt A

http://www.irw-press.at/prcom/images/messages/2016/37634/160905 High grade intercepts below Zona 7 point to resource upgrade_fina _DE_PRCOM.005.png

http://www.irw-press.at/prcom/images/messages/2016/37634/160905 High grade intercepts below Zona 7 point to resource upgrade_fina _DE_PRCOM.006.png

Frühere RC-Bohrlöcher

Abbildung 3: Zona 7 Querschnitt B

Erklärung der Competent Persons

Die Informationen in dieser Meldung, die sich auf Explorationsergebnisse von Zona 7 beziehen, basieren auf Informationen von Malcolm Titley, einer Competent Person und eines Mitglieds des Australasian Institute of Mining and Metallurgy. Herr Titley ist ein Angestellter von Maja Mining Limited, einem unabhängigen Beratungsunternehmen. Herr Titley verfügt über ausreichende Erfahrung, die für diese Art von Mineralisierung und Lagerstätte sowie für seine Tätigkeiten erforderlich ist, um als Competent Person gemäß der Ausgabe von 2012 des Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves definiert werden zu können. Herr Titley erlaubt das Hinzufügen von Material zu diesem Bericht, das auf seinen Informationen basiert und in Form und Kontext erscheint.

Die Daten in dieser Meldung, die sich auf die Mineralressourcen beziehen, stammen von der Meldung vom 14. Juli 2016 mit dem Titel Study confirms the Salamanca project as one of the worlds lowest cost uranium producers, die auf der Website von Berkeley Energia Limited (Berkeley) unter www.berkeleyenergia.com verfügbar ist.

Berkeley bestätigt, dass a) ihm keine neuen oder andere Daten vorliegen, die sich erheblich auf die in der

ursprünglichen Pressemitteilung angegebenen Daten auswirken; b) alle Materialannahmen und technischen Parameter hinsichtlich der Mineralressourcen, die in der ursprünglichen Meldung enthalten sind, nach wie vor gelten und sich nicht erheblich geändert haben; und c) die Form und der Kontext, in denen die Ergebnisse der entsprechenden Competent Persons in dieser Meldung dargestellt werden, gegenüber den ursprünglichen Meldungen nicht erheblich geändert wurden.

Die Daten in der ursprünglichen Meldung, die sich auf die Mineralressourcen beziehen, basieren auf Informationen von Malcolm Titley, einer Competent Person und eines Mitglieds des Australasian Institute of Mining and Metallurgy. Herr Titley ist ein Angestellter von Maja Mining Limited, einem unabhängigen Beratungsunternehmen. Herr Titley verfügt über ausreichende Erfahrung, die für diese Art von Mineralisierung und Lagerstätte sowie für seine Tätigkeiten erforderlich ist, um als Competent Person gemäß der Ausgabe von 2012 des Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves definiert werden zu können.

Zukunftsgerichtete Aussagen

Aussagen zu Plänen im Hinblick auf die Mineralkonzessionsgebiete BerkeleyŽs sind zukunftsgerichtete Aussagen. Es kann nicht gewährleistet werden, dass die Pläne BerkeleyŽs für die Erschließung seiner Konzessionsgebiete wie gegenwärtig erwartet umgesetzt werden können. Es kann zudem nicht garantiert werden, dass Berkely in der Lage sein wird, weitere Minerallagerstätten abzugrenzen, dass sich die Mineralisierung als wirtschaftlich erweisen wird oder dass in den Mineralkonzessionsgebieten BerkeleyŽs jemals eine Mine erschlossen werden wird.

Die Ausgangssprache (in der Regel Englisch), in der der Originaltext veröffentlicht wird, ist die offizielle, autorisierte und rechtsgültige Version. Diese Übersetzung wird zur besseren Verständigung mitgeliefert. Die deutschsprachige Fassung kann gekürzt oder zusammengefasst sein. Es wird keine Verantwortung oder Haftung: für den Inhalt, für die Richtigkeit, der Angemessenheit oder der Genauigkeit dieser Übersetzung übernommen. Aus Sicht des Übersetzers stellt die Meldung keine Kauf- oder Verkaufsempfehlung dar! Bitte beachten Sie die englische Originalmeldung auf www.sedar.com, www.sec.gov, www.asx.com.au/ oder auf der Firmenwebsite!

Appendix B

Summary of RC Drill Intersections- Zona 7 Deep

(200 ppm U3O8 cut-off)

Drill EastNorthElevatAzimuDiDept FroTo InteU3O8

Hole ing ing ion th p h m (m)rval (pp

ID m)

(m) (m) (m) (o) (o(m) (m) (m)

)

Z7R-35713945273755 360 -9271 30 40 10 635

7 55 76 0

in39 40 1 2,24

cl 6

.

43 69 26 1,10

3

in43 47 4 3,97

cl 3

.

in56 57 1 1,25

cl 6

.

in65 66 1 4,92

cl 8

.

88 89 1 264

2482502 461

2542551 762

Z7R-35714045273764 360 -997 38 40 2 539

8* 44 30 0

48 53 5 526

61 62 1 266

Z7R-35714045272766 360 -999 32 34 2 262

9* 55 81 0

39 41 2 312

47 57 10 494

in49 50 1 1,15

cl 4

.

91 92 1 433

Z7R-36713845271755 360 -9251 12 26 14 597

0 60 96 0

in17 19 2 1,20

cl 4

.

in24 25 1 1,11

cl 7

.

29 35 6 457

in32 33 1 1,21

cl 4

.

39 43 4 639

in42 43 1 1,48

cl 6

.

63 80 17 563

in66 68 2 1,16

cl 0

.

in70 71 1 1,61

cl 5

.

83 92 9 200

1131196 480

in1161171 1,26

cl 2

.

1281302 431

1361382 323

1411432 924

in1421431 1,38

cl 5

.

1571581 381

20722114 1,77

6

in2072103 1,00

cl 4

.

in2122208 2,64

cl 4

.

* drill holes failed to reach the target depth due to difficult ground conditions and were terminated

Appendix C: JORC Code, 2012 Edition - Table 1 report

Section 1 Sampling Techniques and Data

(Criteria in this section apply to all succeeding sections.)

CriteriJORC Code explanation Commentary

a

SamplinNature and quality of All results reported are from

g sampling Reverse Circulation (RC)

techni ( drill samples collected over

ques eg cut channels, random one metre (1m) intervals.

chips, or specific Multiple methods were used to

specialised industry determine uranium

standard measurement mineralisation intervals

tools appropriate to the including down hole gamma

minerals under analysis, hand held

investigation, such as

down scintillometer measurements

and portable XRF analysis.

hole gamma sondes, or Intervals containing uranium

handheld XRF instruments, mineralisation were selected

and submitted for laboratory

etc). These examples assay

should not be taken as analysis.

limiting the broad

meaning of

sampling.

Include reference to Standards and blanks are

measures taken to ensure inserted into the sample

sample stream to assess the

accuracy, precision and

representivity and the methodology of the external

appropriate calibration laboratories used. In

of any measurement tools addition, field duplicate

or systems samples are inserted to

used. assess the variability of the

uranium mineralisation.

Approximately 15-20% of all

samples relate to quality

control. In addition, the

laboratories undertake their

own duplicate sampling as

part of their internal QA/QC

processes. Examination of the

QA/QC sample data indicates

satisfactory performance of

field sampling protocols and

assay laboratories providing

acceptable levels of

precision and

accuracy.

Drill hole collar locations

are surveyed by qualified

surveyors

(

Cubica Ingeniería Metrica S.L)

using standard differential

GPS

(DGPS) equipment achieving sub

decimetre accuracy in

horizontal and vertical

position. Down-hole surveys

are undertaken using a

Geovista down-hole deviation

probe. Measurements are taken

every 1cm down hole and

averaged every 10m. No

strongly magnetic rocks are

present within the deposit

which may affect magnetic

based

readings.

Aspects of the RC drill samples are collected

determination of over 1m intervals, manually

mineralisation that are homogenised before being

Material to the Public split on site using a three

Report. In cases where tier riffle splitter to

industry standard work provide an approximate 3-5kg

has been done this would sample. In rare cases, wet

be relatively simple samples are split using a

( cone and quarter

eg reverse circulation method.

drilling was used to

obtain 1 m samples from

which 3 kg was pulverised Scintillometer measurements

to produce a 30 g charge are taken on all samples and

for fire assay). In this data is used to select

other cases more the samples to be sent to

explanation may be external laboratories for

required, such as where sample preparation and

there is coarse gold that analysis. Indicative

has inherent sampling mineralised intervals are

problems. Unusual determined from this data and

commodities or the sampling extended up and

mineralisation types down hole by at least 2-5m.

(

eg submarine nodules) may

warrant disclosure of

detailed Samples are further split in

information. the core shed using a scoop

such that 0.7-1kg samples are

sent to the preparation

laboratories of ALS (Seville,

Spain) and analytical

laboratory of ALS

(

Loughrea, Ireland). Samples

are dried, fine crushed down

to 70% below 2mm, split to

obtain 250g and pulverised

with at least 85% of the

sample passing 75µm. 10g of

sample is used for uranium

analysis by pressed powder

X-ray fluorescence (XRF)

method.

DrillinDrill type (eg core, Drilling was by the RC method

g reverse circulation, drilling using a 140mm

techni open-hole hammer, rotary diameter face sampling

ques air blast, auger, Bangka, hammer.

sonic,

etc) and details (eg core

diameter, triple or

standard tube, depth of

diamond tails,

face-sampling bit or

other type, whether core

is oriented and if so, by

what method,

etc).

Drill Method of recording and RC drill samples are collected

sample assessing core and chip over 1m intervals through a

recove sample recoveries and cyclone. Plastic sample bags

ry results are strapped to the cyclone

assessed. to maximise sample recovery.

Individual sample bags are

not weighed to assess sample

recovery but a visual

inspection is made by the

Company geologist to ensure

all samples are of

approximately equivalent

size.

Measures taken to maximise The RC drilling rigs utilised

sample recovery and suitably sized compressors to

ensure representative ensure dry samples where

nature of the possible. Plastic sample bags

samples. are strapped to the cyclone

to maximise sample recovery.

Sample logs record whether

the sample is dry, moist or

wet.

Whether a relationship There is no known relationship

exists between sample between sample recovery and

recovery and grade and grade. The RC sample

whether sample bias may recoveries are of an

have occurred due to acceptable level and no bias

preferential loss/gain of is expected from any sample

fine/coarse losses.

material.

LoggingWhether core and chip Geological logging of RC chip

samples have been samples includes recording

geologically and descriptions of lithology,

weathering, alteration and

geotechnically logged to a mineralisation. A

level of detail to

support appropriate scintillometer reading of

Mineral Resource counts per second (cps) is

estimation, mining recorded for each 1m sample

studies and metallurgical (quantitative).

studies.

Whether logging is Geological logging is

qualitative or qualitative in nature. RC

quantitative in nature. samples and chip trays are

Core (or photographed.

costean, channel, etc)

photography.

The total length and All RC drill holes are logged

percentage of the in full by Company

relevant intersections geologists.

logged.

Sub-samIf core, whether cut or Not Applicable - RC drilling

pling sawn and whether quarter, only.

techni half or all core

ques taken.

and If non-core, whether RC drill samples are collected

sample riffled, tube sampled, at 1m intervals. RC intervals

prepar rotary split, are sampled by splitting dry

ation samples in the field to 3-5kg

etc and whether sampled using a three tier riffle

wet or splitter and further split in

dry. the core shed to 0.7-1kg

using a scoop. Where samples

are wet they are dried prior

to spitting. In rare cases,

wet samples are split using a

cone and quarter

method.

For all sample types, the Samples are sent to ALS

nature, quality and laboratories for preparation.

appropriateness of the Samples are dried, fine

sample preparation crushed down to 70% below 2mm

technique. and pulverised with at least

85% of the sample passing

75µm. 10g of sample is used

for uranium analysis by

pressed powder XRF method.

This is considered

appropriate for this style of

uranium

mineralisation.

Quality control procedures Previous field tests have

adopted for all determined that the sample

sub-sampling stages to size and method of sampling

maximise produce representative RC

samples. QA/QC procedures

representivity of samples. involve the use of standards,

duplicates and blanks which

are inserted into sample

batches at a frequency of

approximately

15-20%.

Measures taken to ensure Duplicate splits of RC samples

that the sampling is are taken every 10m down hole

representative of the in within the sampled intervals.

situ material collected, The results from these

including for instance duplicates generally show

results for field acceptable

duplicate/second-half repeatability.

sampling.

Whether sample sizes are The uranium is typically very

appropriate to the grain fine grained. Previous test

size of work carried

the material being sampled.out by Berkeley using

different sample sizes has

demonstrated that the

selected sample size is

appropriate.

QualityThe nature, quality and Uranium analysis by pressed

of appropriateness of the powder XRF method. This

assay assaying and laboratory analytical method reports

data procedures used and total uranium

and whether the technique is content.

labora considered partial or

tory total.

tests

For geophysical tools, Down-hole gamma logging is

spectrometers, handheld undertaken for all probe

XRF instruments, accessible drill holes to

provide

etc, the parameters used eU

in determining the 3O8 (equivalent U3O8 grade)

analysis including data however, it is not

instrument make and currently considered of

model, reading times, sufficient quality to replace

calibrations factors chemical assay data for the

applied and their purposes of reporting

derivation, drilling results at

etc.

Zona 7. The drill

intersections reported in

this release are calculated

using only chemical assay

data.

Nature of quality control Standards, blanks and

procedures adopted duplicates are regularly

( inserted into the sample

eg standards, blanks, stream with approximately

duplicates, external 15-20% of all samples related

laboratory checks) and to quality control. The

whether acceptable levels external laboratories used

of accuracy also maintain their own

( process of QA/QC utilising

ie lack of bias) and standards, pulp repeats,

precision have been sample duplicates and

established. blanks.

Review of the Berkeley quality

control samples, as well as

the external laboratory

quality QA/QC reports, has

shown no sample preparation

issues, acceptable levels of

accuracy and precision and no

bias in the analytical

datasets.

VerificThe verification of Reported significant

ation significant intersections intersections have been

of by either independent or checked and verified by

sampli alternative company Senior Geological management.

ng and personnel.

assayi

ng

The use of twinned holes. No twinned holes were drilled

in the current RC drilling

program.

Documentation of primary All primary data is recorded

data, data entry in templates designed by

procedures, data Berkeley. Assay data from the

verification, data external laboratory is

storage (physical and received in spreadsheets and

electronic) downloaded directly into an

protocols. Access Database managed by

the Company. Data is entered

into controlled excel

templates for validation. The

validated data is then loaded

into a password secured

relational database by a

designated Company geologist.

Daily backups of all digital

data are undertaken. These

procedures are documented in

the Berkeley Technical

Procedures and Protocols

manual.

Discuss any adjustment to Uranium (ppm) assays received

assay from the external laboratory

data. are converted to

U

3O8 (ppm) using the

stoichiometric factor of

1.179.

LocatioAccuracy and quality of Drill hole collar locations

n of surveys used to locate are surveyed by qualified

data drill holes (collar and surveyors

points down-hole surveys), (

trenches, mine workings Cubica Ingeniería Metrica S.L)

and other locations used using standard differential

in Mineral Resource GPS (DGPS) equipment

estimation. achieving sub decimetre

accuracy in horizontal and

vertical position.

Down-hole surveys are

undertaken using a

Geovista down-hole deviation

probe. Measurements are taken

every 1cm down hole and

averaged every 10m. No

strongly magnetic rocks are

present within the deposit

which may affect magnetic

based readings.

Specification of the grid The grid system is ETRS 1989

system UTM Zone

used. 29N.

Quality and adequacy of Topographic control is based

topographic on a digital terrain model

control. with sub metric accuracy

sourced from the Spanish

Geographical Institute

(

Instituto Geográfico Nacional)

and is verified through

detailed drill

hole collar surveys by a

qualified surveyor using a

DGPS.

Data Data spacing for reporting This RC drilling program has

spacin of Exploration been designed to cross

g and Results. significant mineralization.

distri

bution

Whether the data spacing The data spacing is not

and distribution is considered sufficient to

sufficient to establish assume geological and grade

the degree of geological continuity, and will not

and grade continuity allow the estimation of

appropriate for the Mineral Resources on

Mineral Resource and Ore deep.

Reserve estimation

procedure(s) and

classifications

applied.

Whether sample compositing No compositing of RC samples

has been in the field has been

applied. undertaken.

OrientaWhether the orientation of Shallow parts of the deposit

tion sampling achieves show that the mineralised

of unbiased sampling of zone strikes

data possible structures and northeast-southwest and is

in the extent to which this interpreted to be

relati is known, considering the sub-horizontal (due to post

on to deposit mineralisation supergene

geolog type. processes) to shallowly

ical dipping.

struct

ure

If the relationship All of the RC drill holes

between the drilling reported in this release are

orientation and the vertical. Due to the

orientation of key interpreted flat lying nature

mineralised structures is of the mineralisation, no

considered to have sampling bias is considered

introduced a sampling to have been introduced by

bias, this should be the orientation of the

assessed and reported if drilling.

material.

Sample The measures taken to Chain of custody is managed by

securit ensure sample Berkeley. Samples are

y security. transported

from the drill site by Company

vehicle to a sample

preparation shed where

samples are prepared for

dispatch. Samples are sent

directly from the sample

preparation shed to the

laboratory using a certified

courier or a Berkeley owned

vehicle authorised for

radioactive materials

transport. No other freight

is transported with the

samples which are taken

directly from the Berkeley

facility to the external

laboratory. Sample submission

forms are sent in paper form

with the samples as well as

electronically to the

laboratory. Reconciliation of

samples occurs prior to

commencement of sample

preparation for

assaying.

Audits The results of any audits Sampling techniques and

or or reviews of sampling procedures, as well as QA/QC

review techniques and data, are reviewed internally

s data. an ongoing basis. Mr Malcolm

Titley (Geology Consultant,

Maja Mining Limited) has

independently reviewed the

sampling techniques,

procedures and data. He has

undertaken a site visit to

review and inspect the

application of procedures.

These reviews have concluded

that the sampling and

analytical results have

resulted in data suitable for

incorporation into Mineral

Resource

estimation.

Section 2 Reporting of Exploration Results

(Criteria listed in the preceding section also apply to this section.)

CriteriJORC Code explanation Commentary

a

Mineral Type, reference The Zona 7 Prospect lies on

tenemen name/number, location the

t and and ownership including

land agreements or material Alisos Investigation Permit PI

tenure issues with third 6605-20 which is 100% owned

status parties such as joint by

ventures, partnerships,

overriding royalties, Minera de Río Alagón, a wholly

native title interests, owned subsidiary of Berkeley

historical sites,

wilderness or national Energia Limited.

park and environmental

settings. The Alisos Investigation

Permit is currently in the

first year of its third three

year term and will expire on

5 January

2017.

No historical sites,

wilderness or national parks

are located within the

Permit. The

Zona 7 Prospect is located

adjacent to the village of

Villavieja de Yeltes.

The security of the Tenure in the form of an

tenure held at the time Investigation Permit has been

of reporting along with granted and is considered

any known impediments to secure. There are no known

obtaining a licence to impediments to obtaining a

operate in the licence to operate in this

area. area.

ExploratAcknowledgment and Previous exploration at Zona 7

ion appraisal of exploration was completed initially by

done by other Junta de

by parties.

other Energía Nuclear (JEN) and then

parties Empresa

Nacional de Uranio S.A.

(ENUSA), both Spanish state

run companies, from the late

1950's through to the mid

1980's. Work completed by JEN

and ENUSA included mapping,

radiometric surveys,

trenching and diamond (DD)

and open-hole (OH)

drilling.

A detailed data assessment and

verification of the historic

data supplied by ENUSA has

been undertaken. No

significant issues with the

data were

detected.

Geology Deposit type, geological The uranium mineralisation is

setting and style of hosted within Lower Cambrian

mineralisation.

metasediments adjacent to

granite. The mineralisation

typically occurs as a

sub-horizontal to shallowly

dipping layer occurring

between surface and 100m

depth, although

mineralisation has been

recorded to a maximum depth

of 255m in the current RC

holes. The style of the

uranium mineralisation

includes veins,

stockwork and disseminated

mineralisation in

joint/fracture filling

associated with brittle

deformation.

Uraninite and coffinite are

the primary uranium minerals.

Secondary uranium

mineralisation is developed

in "supergene-like" tabular

zones corresponding to the

depth of weathering. Most of

the mineralisation is hosted

within partially weathered

and

unweathered metasediment. This

deposit falls into the

category defined by the

International Atomic Energy

Association (IAEA) as Vein

Type, Sub Type Iberian

Type.

Drill A summary of all Details of all reported drill

hole information material to holes are provided in

Informa the understanding of the Appendix B of this

tion exploration results release.

including a tabulation

of the following

information for all

Material drill

holes:

o easting and northing of

the drill hole

collar

o elevation or RL

(Reduced Level -

elevation above sea

level in metres) of the

drill hole

collar

o dip and azimuth of the

hole

o down hole length and

interception

depth

o hole length.

If the exclusion of this All of this information is

information is justified Material and has been

on the basis that the included in Appendix B of

information is not this

Material and this release.

exclusion

does not detract from the

understanding of the

report, the Competent

Person should clearly

explain why this is the

case.

Data In reporting Exploration Reported drill intersections

aggrega Results, weighting are based on chemical assay

tion averaging techniques, data and are calculated using

methods maximum and/or minimum a 200ppm

grade truncations U

( 3O8 cut-off, no high grade

eg cutting of high cut, and may include up to 2m

grades) and cut-off of internal

grades are usually dilution.

Material and should be

stated.

Where aggregate High grade intervals that are

intercepts incorporate internal to broader zones of

short lengths of high uranium mineralisation are

grade results and longer reported as included

lengths of low grade intervals.

results, the procedure

used for such

aggregation should be

stated and some typical

examples of such

aggregations should be

shown in

detail.

The assumptions used for No metal equivalent values are

any reporting of metal used.

equivalent values should

be clearly

stated.

RelationThese relationships are All drilling is planned in

ship particularly important such a way as to intersect

between in the reporting of expected mineralisation in a

mineral Exploration Results. If perpendicular manner. The

isation the geometry of the uranium mineralisation is

widths mineralisation with interpreted to be flat lying

and respect to the drill to shallowly dipping so the

interce majority of the RC holes have

pt hole angle is known, its been drilled vertically. The

lengths nature should be reported down-hole intervals

reported. are therefore interpreted to

approximate true widths.

If it is not known and The reported down-hole

only the down hole intervals are interpreted to

lengths are reported, approximate true widths.

there should be a clear

statement to this effect

(

eg down hole length,

true width not

known).

DiagramsAppropriate maps and Appropriate diagrams,

sections (with scales) including a drill plan and

and tabulations of cross sections, are included

intercepts should be in the main body of this

included for any release.

significant discovery

being reported These

should include, but not

be limited to a plan

view of drill hole

collar locations and

appropriate sectional

views.

BalancedWhere comprehensive All results are reported in

reporti reporting of all Appendix B of this

ng Exploration Results is release.

not practicable,

representative reporting

of both low and high

grades and/or widths

should be practiced to

avoid misleading

reporting of Exploration

Results.

Other Other exploration data, Down-hole gamma logging of all

substan if meaningful and holes is undertaken to

tive material, should be provide

explora reported including (but eU

tion not limited to): 3O8 data. Prior comparisons of

data geological observations; eU

geophysical survey 3O8 data with chemical assay

results; geochemical data have shown that on

survey results; bulk average

samples - size and eU

method of treatment; 3O8 tends to underestimate at

metallurgical test higher grades (>600ppm) and

results; bulk density, overestimate at lower grades

groundwater, (<100ppm). Accordingly, the

geotechnical and rock eU3O8 data is not considered

characteristics; of sufficient quality to

potential deleterious or replace chemical assay data

contaminating for the purposes of reporting

substances. drilling results. The drill

intersections reported in

this release are calculated

using only chemical assay

data.

Further The nature and scale of Further work planned for the Zo

work planned further work na

( 7 Prospect includes

eg tests for lateral additional drilling will be

extensions or depth focused on extending the

extensions or mineralisation further deep

large-scale step-out and infilling the current

drilling). grid to facilitate future

upgrading of the resource

classification.

Diagrams clearly These are shown in the main

highlighting the areas body of this

of possible extensions, release.

including the main

geological

interpretations and

future drilling areas,

provided this

information is not

commercially

sensitive.

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