Summary

Mine Type	Open Pit
Study Completed	Feasibility
Stage	Permitting
Commodities	Uranium
Mining Method	Truck & Shovel / Loader
Mine Life	...
Snapshot	The Salamanca Project is world class uranium project with the 30-year mining licence (renewable for two periods). In November 2021, BME received formal notification from Ministry for the Ecological Transition and the Demographic Challenge (“MITECO”) that it had rejected the construction of the plant as a radioactive facility (“NSC II”) at the Salamanca Project. The Berkeley strongly refutes the NSC's assessment. On 28 May 2024, Berkeley advised that its subsidiary, BEL, had filed a Request for Arbitration (“Request”) for its investments in Spain through its Spanish subsidiary, BME, initiating arbitration proceedings against the Kingdom of Spain before the International Centre for Settlement of Investment Disputes (“ICSID”). Berkeley initiated a study evaluating the design, permitting, construction and operation of a solar power system at the Project. This study has been finalised, a formal application submitted to the relevant authorities.

Deposit type

• Vein / narrow vein
• Breccia pipe / Stockwork

Summary:

The Salamanca project is made up of three distinct deposits which will be mined independently of each other, namely:
-Retortillo (including the Santidad satellite deposit);
-Zona 7; and
-Alameda.

Zona 7
The mineralised zone is a 2-3km scale fold structure with the dominant strike direction being NNE-SSW. Despite the general dip of the host geological units and structures ranging from 50-80°, the mineralised zone is interpreted to be sub-horizontal to shallowly dipping due to the nature of the mineralisation processes.

The uranium mineralisation is hosted within Lower Cambrian 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 217m. 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.

Retortillo
The mineralisation at Retortillo covers a 6km sub-vertical syncline structure with the dominant strike direction being SE-NW. Despite the general dip of the host geological units and structures ranging from 50-70°, the mineralised zone is interpreted to be sub-horizontal (due to post mineralisation supergene processes) to shallowly dipping to the SE.

The uranium mineralisation is hosted within Ordovician metasediments adjacent to granite. The mineralisation typically occurs as a sub-horizontal to shallowly dipping layer occurring between surface and 90m depth. 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 totally and partially weathered metasediment. This deposit falls into the category defined by the International Atomic Energy Association (IAEA) as Vein Type, Sub Type Iberian Type.

Alameda
The mineralisation at Alameda has two strong orientations. The main body of the mineralisation trends in a NE-SW direction over a strike length of approximately 800m. To the north, the mineralisation trends in a NNW-SSE direction, sub parallel to lithology, over a strike length of approximately 1,500m. Despite the general dip of the host geological units and structures ranging from 50-70°, the mineralised zone is interpreted to be sub-horizontal (due to post mineralisation supergene processes) to shallowly dipping to the SE.

The uranium mineralisation is hosted within Cambrian metasediments adjacent to granite. The mineralisation typically occurs as a sub-horizontal to shallowly dipping layer occurring between surface and 180m depth with strong structural control on either side of a central breccia zone. 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 (51%) and unweathered (46%) metasediment. This deposit falls into the category defined by the International Atomic Energy Association (IAEA) as Vein Type, Sub Type Iberian Type.

Mining Methods

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Comminution

Crushers and Mills

Processing

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Commodity Production

Operational metrics

Personnel

Job Title	Name	Phone	Profile	Ref. Date
.......................	.......................	...........		Jan 9, 2025
.......................	.......................			Jan 9, 2025
.......................	.......................			Jan 13, 2025

Total Workforce	Year
......	2016