Berkeley Resources (ASX: BKY) has been sent a notice of change in interests by substantial shareholder, Polo Resources.
Polo acquired 4.48 million additional shares in Berkeley Resources in on-market purchases in June at an average price of $1.19 per share.
Polo has increased its stake from 11.44% to 15.07% of Berkeley. The share register is getting extremely interesting given Anglo American's acquisition of Berkeley shares in January.
Investors may recall that Berkeley will undertake the feasibility study over the Salamanca Regional Uranium Project. Berkeley’s objective is to generate a total resource base for the project of over 65m lbs of U3O8 and to complete a Feasibility Study within 18 months of approval of shareholders in January 2009.
Berkeley will partner with Spanish utility ENUSA to investigate the regeneration of uranium production in Spain.
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