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LAF
LOLAF
LAF - Lonrho Africa Plc - Brinkley Mining Plc announces execution of
prospecting rights over Waterval and Rietkuil Uranium prospects
Lonrho Africa Plc
(Incorporated and registered in England and Wales)
(Registration number 2805337)
(Share code: LAF; ISIN number: GB0002568813)
("Lonrho Africa" or "the Company")
BRINKLEY MINING PLC ANNOUNCES EXECUTION OF PROSPECTING RIGHTS OVER
WATERVAL AND RIETKUIL URANIUM PROSPECTS
Lonrho is pleased to announce that Brinkley Mining Plc ("Brinkley"), in
which Lonrho has a 10.04% interest, has, following a meeting with the
Republic of South Africa`s Department of Minerals and Energy ("DME"),
executed and notarised the prospecting rights over the areas in Waterval
and Rietkuil.
Lonrho`s Joint Executive Chairman and Chief Executive, David Lenigas,
commented:
"This marks significant progress for Brinkley, as the DME has granted very
few prospecting rights over uranium fields in South Africa. This will
enable Brinkley to commence exploration activities on these high quality
uranium prospects."
The full text of Brinkley`s announcement released earlier today is as
follows:
Brinkley Mining Plc
("Brinkley Mining" or the "Company")
Execution of Prospecting Rights over Waterval and Rietkuil
Brinkley Mining Plc (AIM: BRM) is pleased to announce that its associate
company, Western Uranium (Pty) Limited ("Western Uranium"), has confirmed
that it has met with the Republic of South Africa`s Department of Minerals
and Energy ("DME") and has executed and notarised the prospecting rights
which were granted over the areas in Waterval and Rietkuil previously
announced by the Company on 13 October 2006. Additionally the area called
remainder of Krugel`s claim 459 was executed and notarised.
Accordingly, the table below summarises the current status of Western
Uranium`s Waterval / Rietkuil application:
Prospects Hectares Status
Waterval Prospect (3,600 ha
total)
Remainder of Krugel`s Claim 1,085 Prospecting Right Granted,
459 Executed and Notarised
Portion 9 of Brandewyns Ghat 838 Prospecting Right Granted,
214 Executed and Notarised
Remainder of Portion 3 of 1,677 Prospecting Right Granted,
Brandewyns Ghat 214 Executed and Notarised
Rietkuil Prospect (7,342 ha
total)
Portion 9 of Rietkuil 307 2,155 Application Accepted by
the DME
Remainder of Rietkuil 307 4,969 Application Accepted by
the DME
Remainder of Portion 1 of 218 Prospecting Right Granted,
Langleegte 304 Executed and Notarised
Western Uranium intends to commence airborne reconnaissance, detailed
geological mapping, re-sampling of previous drill holes and a new drilling
programme at the earliest opportunity.
Gerard Holden, Executive Chairman of Brinkley Mining commented:
"We are delighted to have completed the execution of these prospecting
rights. We look forward to commencing exploration activities immediately
for these prospects over which Western Uranium has exclusive access and
ownership rights."
13 February 2007
South African sponsor to Lonrho Africa Plc
Java Capital (Proprietary) Limited
Date: 14/02/2007 08:21:31 Produced by the JSE SENS Department.
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