Berkeley Mineral Resources sees more value at Kabwe mine
Berkeley Mineral Resources, the company which aims to extract zinc and lead from residue dumps at the disused Kabwe mine in Zambia has begun re-drilling slag stockpiles.
Berkeley Mineral Resources, the company which aims to extract zinc and lead from residue dumps at the disused Kabwe mine in Zambia has begun re-drilling slag stockpiles.
This phase of drilling is being carried out with the "percussion drills" necessary to provide samples that can be assessed by scientists. Previously auger drills were used which did not yield useable samples.
In addition Berkeley has looked again at samples from deposits from the old washplant. These tests seem to imply there is a higher concentration of so called "JORC compliant" material within these dumps. The new test results show 7.21% lead and 10.66% zinc.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
This news saw Berkeley's share price rise 5.65% to 2.43p at 9.17am.
BS
Sign up for MoneyWeek's newsletters
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
-
Starmer says Britain cannot ignore Russia threat – should you invest in defence?
Defence stocks have been enjoying a winning streak since March. As Keir Starmer unveils Britain’s defence spending plan for the next decade, is it time to invest in defence?
-
How to manage a windfall: what to do with a £10,000 lump sum
The FCA has warned wealthy savers they have too much in cash, but beneficiaries of windfalls are still hugging safe havens and losing out