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BMR Group PLC (BMR)

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Friday 02 March, 2018

BMR Group PLC

Star Zinc Update

RNS Number : 4651G
BMR Group PLC
02 March 2018
 

BMR Group PLC ("BMR ")

Star Zinc and Kabwe update

Star Zinc

BMR notes the announcement this morning by Galileo Resources PLC of positive results from three of its first four drill holes in its current drilling programme at the Large Scale Prospecting Licence 19653 - HQ - LPL ("Star Zinc"). As announced on 23 February 2018, BMR retains a 15% interest in Star Zinc.

Kabwe

BMR also confirms that its appeal against the notice of cancellation of its Mining Right No. 7081-HQ-SML, in respect of its Kabwe asset, will be submitted today.

As a result of the extension of the deadline for the joint venture with Jubilee Metals Group PLC ("Jubilee") announced yesterday, BMR has agreed with Jubilee to extend from 28 February to 31 March 2018 the date by which it undertakes to terminate the facility agreement and the off-take agreement with African Compass International Limited, which were announced on 1 August 2016.

 

For further information:  

 BMR Group PLC

  Alex Borrelli, CEO and Chairman    020 7734 7282

 WH Ireland Limited (NOMAD and Joint Broker)

  Chris Fielding, Managing Director, Corporate Finance

  Alex Bond, Executive               020 7220 1666

 Peterhouse Corporate Finance  (Joint Broker)

  Lucy Williams

  Duncan Vasey

  Heena Karani                       020 7469 0930

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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