TIDMBMR

RNS Number : 4734Z

Berkeley Mineral Resources PLC

11 December 2014

BERKELEY MINERAL RESOURCES PLC

("BMR" or the "Company")

Update on Investigation

The Company announced on 4 November 2014 that it had instructed independent accountants and lawyers to investigate certain material concerns over the classification and valuation of GBP4.3 million of assets.

The investigation has made significant progress and is nearing completion. The Company is assessing the likely impact of the findings on its financial statements for the year ended 30 June 2014.

As a result, the Company will not be in a position to announce audited final results for the year ended 30 June 2014 and to post the accounts with the Notice of Annual General Meeting, until early 2015. The trading in the Company's shares will remain suspended until it publishes its audited accounts.

In parallel, the Company continues to progress its activities at Kabwe and the directors are currently undertaking a peer review of the feasibility study for processing the washplant tailings in order to advance the project.

For further information:

   Berkeley Mineral Resources Plc                                                        07747 020 600

Alex Borrelli, Chairman

WH Ireland Limited 020 7220 1666

Chris Fielding, Head of Corporate Finance

For further information please see the Company's website at http://www.bmrplc.com

The Directors of Berkeley Mineral Resources Plc accept responsibility for this announcement.

This information is provided by RNS

The company news service from the London Stock Exchange

END

MSCFFISMFFLSEDE

BMR Mining (LSE:BMR)
Historical Stock Chart
From Mar 2024 to Apr 2024 Click Here for more BMR Mining Charts.
BMR Mining (LSE:BMR)
Historical Stock Chart
From Apr 2023 to Apr 2024 Click Here for more BMR Mining Charts.