Berkeley Energia Ltd (LON:BKY)

Berkeley Energia Ltd (LON:BKY)


Share Price
18.25 p
Change
-0.25 (-1.35 %)
Market Cap
£47.17 m
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Berkeley Energia Ltd

Berkeley Energia Limited (BKY LSE/ASX/BME) is a high impact, clean energy company focused on bringing its wholly owned Salamanca project into production.

This world class uranium project is being developed in an historic mining area about three hours west of Madrid, Spain.

EPIC: BKY
Market: LSE:BKY
ASX:BKY
52-week High/Low: 45.00p / 7.70p
Sector: Energy
Market Cap: £47.17 m
Website: www.berkeleyenergia.com
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Paul Atherley, managing director of Berkeley Energia Limited (LON:BKY, ASX:BKY) pitches the company to investors. For more information visit: www.berkeleyenergia.com

Big Picture – A Deep Dive Examination of Berkeley Energia Ltd


Berkeley Energia Ltd Snapshot

The world class uranium project is being developed in an historic mining area in western Spain, about three hours west of Madrid. Following recent ministerial approval, the Company has now received all the European Union and National level approvals required for the initial development.

The project will generate measurable social and environmental benefits in the form jobs and skills training in a depressed rural community. It will also make a significant contribution to the security of supply of Europe’s zero carbon energy needs, where Euratom recently rated “lack of investment in new mines” as the number one risk facing European utilities.”

THE SALAMANCA PROJECT IS BEING DEVELOPED IN AN HISTORIC URANIUM MINING AREA IN WESTERN SPAIN ABOUT THREE HOURS WEST OF MADRID

 

For the latest presentation please click here 

Salamanca project map

In July 2016 Berkeley published the results of a Definitive-Feasibility Study confirming that the Salamanca project will be one of the world’s lowest cost producers, capable of generating strong after tax cash flows through the current low point in the uranium  cycle.

The project has a Net Present Value of US$531.9 million  with an internal rate of return of 60% based on a discount rate of 8%.

The Definitive Feasibility Study has reported that over an initial ten year period the project is capable of producing an average of 4.4 million pounds of uranium per year at a cash cost of US$13.30 per pound and a total cash cost of US$15.06 per pound during steady state operations.

With operating costs almost exclusively in Euros and a revenue stream in US dollars the project is expected to continue to benefit from the effects of deflationary pressures within the EU.

 

For more information, please click here

BERKELEY ENERGIA’S HIGHLY EXPERIENCED INTERNATIONAL MINE EXPLORATION AND DEVELOPMENT TEAM

BOARD OF DIRECTORS

IAN MIDDLEMAS
CHAIRMAN
B.COM, CA
Mr Middlemas is a Chartered Accountant and has been in commerce for over twenty five years.  He was previously Chairman of Mantra Resources Limited, an African-focussed uranium exploration and development company, and is also a director of a number of other publicly listed companies.  He has considerable corporate, financial and management expertise and is a Member of the Financial Services Institute of Australasia.

PAUL ATHERLEY
MANAGING DIRECTOR AND CHIEF EXECUTIVE OFFICER
BSC MAPPSC MBA ARSM
Mr Atherley is a highly experienced industry executive with a 30 year international career in Financing, Developing and Operating a range of assets in the Minerals, Energy and Oil and Gas sectors.

A Mining Engineer from Imperial College with an MAppSc and MBA. He has held numerous senior executive and board positions during his career. He served as Executive Director of the Investment Bank arm of HSBC Australia and completed numerous acquisitions and financings of resource projects in Australia, Asia, Africa and Europe. He was the Chairman of the British Chamber of Commerce in China and Vice Chairman of the China Britain Business Council in London and has wide ranging international media experience.

ADAM PARKER
NON-EXECUTIVE DIRECTOR
M.A. (HONS), CFA
Mr Adam Parker has been appointed as an independent Non-Executive Director of the Company, effective 14 June 2017.

Mr Parker joins the Company after a long and successful career in institutional fund management in the City of London spanning almost three decades, including being a co-founder of Majedie Asset Management, which today manages assets of approximately £14 billion. He began his career in 1987 at Mercury Asset Management (subsequently acquired by Merrill Lynch and now part of BlackRock) and left in 2002 when he co-founded Majedie and was instrumental in building it into the successful investment boutique that it is today.

Mr Parker holds a M.A. Hons in Chemistry from Oxford University and is an Associate of the CFA Society United Kingdom.

NIGEL JONES
NON-EXECUTIVE DIRECTOR
M.A. (HONS)
Mr Nigel Jones has been appointed as an independent Non-Executive Director of the Company, effective 7 June 2017.

Mr Jones has thirty years’ experience in the international mining sector. He has considerable corporate development and marketing expertise, including being responsible for the negotiation of key uranium supply agreements for Rio Tinto. Mr Jones spent two decades at Rio Tinto, where ultimately he held the position of Global Head of Business Development and prior to that Managing Director of Rio Tinto Marine, Head of Investor Relations and Marketing Director, Uranium.

Mr Jones was recently appointed as Head of Private Side Capital Markets at ICBC Standard Bank, the global markets subsidiary of ICBC Bank, which is the world’s largest bank by assets.

Mr Jones is an Oxford University graduate and has completed a Corporate Finance Programme at the London Business School.

ROBERT BEHETS
NON-EXECUTIVE DIRECTOR
B.SC. (HONS.), FAUSIMM, MAIG
Mr Behets is a geologist with over 24 years experience in the mineral exploration and mining industry in Australia and internationally. Most recently he was instrumental in the founding, growth and development of Mantra Resources Limited, an African-focused uranium company, through to its acquisition by ARMZ for approximately A$1 billion in 2011. Prior to Mantra, he held various senior management positions during a long career with WMC Resources Limited.

DYLAN BROWNE
COMPANY SECRETARY
B.COM, CA, AGIA
Mr Browne is a Chartered Accountant and Associate Member of the Governance Institute of Australia (Chartered Secretary) who is currently Company Secretary for a number of ASX and European listed companies that operate in the resources sector. He commenced his career at a large international accounting firm and has since been involved with a number of exploration and development companies operating in the resources sector including Papillon Resources Limited and Prairie Mining Limited. Mr Browne was appointed Company Secretary of the Company on 29 October 2015.

DEEPANKAR PANIGRAHI
NON-EXECUTIVE DIRECTOR
MS, MBA
Mr Panigrahi is an Investment Manager in the Private Equity division of the SGRF and has extensive experience across a variety of sectors and geographies covering all stages of the private equity process, including post investment management. Mr Panigrahi holds an Undergraduate and Master’s degree in Economics with Distinction and Honours from the University of Michigan followed by an MBA from Cambridge University.

Mr Panigrahi was appointed a director of the Company on 30 November 2017

EXECUTIVE MANAGEMENT

PAUL ATHERLEY
MANAGING DIRECTOR AND CHIEF EXECUTIVE OFFICER
BSC MAPPSC MBA ARSM

Mr Atherley is a highly experienced industry executive with a 30 year international career in Financing, Developing and Operating a range of assets in the Minerals, Energy and Oil and Gas sectors.

A Mining Engineer from Imperial College with an MAppSc and MBA. He has held numerous senior executive and board positions during his career. He served as Executive Director of the Investment Bank arm of HSBC Australia and completed numerous acquisitions and financings of resource projects in Australia, Asia, Africa and Europe. He was the Chairman of the British Chamber of Commerce in China and Vice Chairman of the China Britain Business Council in London and has wide ranging international media experience.

FRANCISCO BELLÓN
CHIEF OPERATIONS OFFICER
MSC, MAUSIMM
Francisco
Mr Bellón is a Mining Engineer with over 20 years’ experience in project management and operations including more than a decade in senior management roles with TSX listed Rio Narcea Gold Mines prior to its takeover by Lundin Mining. At Rio Narcea he gained experience in the development, construction, commissioning and operation of new mines in Spain and West Africa including El Valle-Boinás (Au-Cu), Carlés (Au-Cu), Tasiast (Au) and was Operations Manager and General Manager of the Aguablanca Ni-Cu in Spain. He laterjoined Duro Felguera, a large Spanish engineering house, as Manager of the Mining Business, overseeing the peer review, construction and commissioning a numerous large scale mining operations in Africa and South America.

SEAN WADE
CHIEF COMMERCIAL OFFICER
MA (CANTAB)
Sean Wade
Mr Wade is an experienced corporate executive with broad experience across natural resources and emerging markets.

He commenced his career at Cazenove & Co and spent 20 years in a variety of roles in capital markets where he was involved in numerous transactions involving mining and other resource companies.

He subsequently led the communications strategy for Asia Resource Minerals (previously Bumi PLC) and more recently oversaw a wide-ranging communications portfolio for TBC Bank PLC, Georgia’s largest universal bank.

He holds a Masters degree in Social Anthropology from Cambridge University.

 

CAPITAL STRUCTURE
(as at 27 July 2018)

Shares on issue 258,334,420
Unlisted Options 3,500,000
Performance Rights 8,246,000
Convertible Note 100,880,000
SGRF Options 50,443,124

 

LONDON
Unit 1B, Princes House
38 Jermyn Street
London SW1Y 6DN

Phone: +44 203 903 1930
Fax: +44 207 434 4450
[email protected]

 

SALAMANCA
Salamanca
Carretera SA-322, Km 30
37495 Retortillo
Salamanca, Spain

Phone: +34 923 193 903
[email protected]

 

PERTH
Level 9, BGC Centre
28 The Esplanade
Perth WA 6000

Phone: +61 8 9322 6322
Fax: +61 9322 6558

JOINT BROKER
Berenberg
60 Threadneedle Street, London, EC2R 8HP

Telephone: +44 020 3207 7800

Tamesis
3rd Floor, 15 Eldon Street, London EC2M 7LD

Telephone: +44 020 3882 2868
 

AUDITOR
Ernst & Young
EY Building
11 Mounts Bay Road
6000 Perth

Telephone: +61 8 9429 2222
Fax: +61 8 9429 2436


BANKERS SPAIN
Santander
Santander Group City
Av. de Cantabria s/n
28660 Boadilla del Monte
Madrid, Spain

Telephone from Spain: 902 11 22 11
Telephone from abroad: +34 912890000
 

BANKERS AUSTRALIA
Australia and New Zealand Banking Group Ltd
ANZ Branch
Allendale Sq.
77 St Georges Terrace
Perth WA 6000
Australia

Telephone: +61 13 13 14
 

SOLICITORS
DLA Piper Australia
Level 31
Central Park
152-158 St Georges Terrace
Perth
WA 6000
Australia

Telephone: +61 8 6467 6000
Fax: +61 8 6467 6001
 

AUSTRALIA SHARE REGISTRY
Computershare Investor Services Pty Ltd
Level 2, 45 St George’s Terrace
Perth WA 6000

Telephone: +61 8 9323 2000
Fax: +61 8 9323 2033
 

UK SHARE REGISTRY
Computershare Investor Services Plc
PO Box 82
The Pavillions
Bridgwater Road
Bristol BS99 7NH

Telephone: +44 870 889 3105

 

LONDON
Unit 1B, Princes House
38 Jermyn Street
London SW1Y 6DN

Phone: +44 203 903 1930
Fax: +44 207 434 4450
[email protected]

SALAMANCA
Salamanca
Carretera SA-322, Km 30
37495 Retortillo
Salamanca, Spain

Phone: +34 923 193 903
[email protected]

 

PERTH
Level 9, BGC Centre
28 The Esplanade
Perth WA 6000

Phone: +61 8 9322 6322
Fax: +61 9322 6558

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