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Overview
Brinkley Mining Plc (‘Brinkley Mining’) was incorporated in London in August 2005 for the purpose of identifying and acquiring a strategic interest in uranium resource projects that the Directors believe hold significant development opportunities.
Strategy and Future Prospects
The strategy of the Company is to:
Brinkley Mining – South African Project
Waterval
The Waterval uranium deposit, like most of the deposits in the Karoo, is a typical sedimentary sandstone-type deposit. This deposit was explored in the 1970’s by both Union Carbide Corporation and The Essex Mineral Company and in the early 1980’s by the Geological Survey. During these various phases of exploration two uraniferous outcrops were identified which form prominent cliffs varying in thickness between 4 metres and 24 metres. Approximately 150 previous holes on a 100 metre by 100 metre grid were drilled. The drilling encountered uranium mineralisation as shallow as 8 metres to 13 metres in depth and at an average thickness of 1.04 metres. The average grade was calculated to be between 1,690 and 1,820 parts per million ("ppm") uranium oxide (“U3O8“) and 910 ppm molybdenum (“Mo”).
SRK Consulting stated that based on the assumption that between 5% and 10% of the area underlain by uraniferous sandstone may be mineralised and typical mineralisation grades for Waterval, the magnitude of the total in-situ mineralisation that the Company is targeting in its exploration is likely to fall within a range of 11 million and 21 million pounds of U3O8 and between 5 million and 11 million pounds of Mo.
Other projects:
South Africa, DRC, Southern Sudan
| DIRECTORS |
| Gerard Holden, (Executive Chairman) |
| Mr Holden joined the Company following a distinguished career with Barclays Capital. Mr Holden worked for the Barclays Group for over 20 years and in his role as Managing Director and Global Head of Mining and Metals has been instrumental in building Barclays Capital into a leading position in the Mining and Metals community around the world. He is currently the Non-Executive Chairman of Global Coal Management Plc. |
| Donald Strang, (Executive Director - Finance) |
| Mr Strang is a Chartered Accountant with over 15 years experience in financial management predominantly within the natural resources sector. He has previously held financial positions with several publicly listed mining companies (including Asia Energy Plc, now Global Coal Management Plc, Macraes Mining Company Limited and Perilya Mining Limited), Ernst & Young and in the investment banking sector. He is currently a non-executive director of Lonrho Africa Plc and Company Secretary for BDI Mining Corp. |
| Mr Richard John Linnell (Non-Executive Deputy Chairman) |
| Mr Linnell, aged 63, has been active in the resource sector for nearly forty years and has significant global experience in the development and marketing of resources and commodities. Richard has acted in management roles at Murray and Roberts Construction Group and Samancor, a joint venture between Billiton plc and Anglo American Corporation. He previously was responsible for Billiton PLC's exploration and development activities throughout Africa. Since retirement from a full role at BHP Billiton, he has been intensely involved in risk management in the African context and has interacted with the World Bank and its associates, the IFC and MIGA. Mr Linnell was the originator of the Bakubang Initiative, a Forum designed to revive the SA Mining Industry which lead to the establishment of the New Africa Mining Fund. |
| Clayton Dodd, (Non-Executive Director) |
| Mr Dodd is a Chartered Accountant by profession. He has over 20 years experience in finance and resources in Australia and overseas. He was previously Managing Director of Striker Resources NL, a diamond exploration company listed on the Australian Stock Exchange and is currently a director of Braemore Resources Plc and an alternate director of Atomaer Holdings Pty Ltd. |
| Zodwa Manase, (Non-Executive Director) |
| Ms Manase is a Chartered Accountant who is a member of professional bodies, the Independent Regulatory Board of Auditors (IRBA) and South African Institute of Chartered Accountants (SAICA). Ms Manase is the chairman of the audit committee of The Presidency of South Africa. She is also the chairman of the audit committee of a number of other entities that report to The Presidency, namely, Government Communication Information Systems (GCIS), the International Marketing Council (IMC) and the Media Diversity Development Agency (MDDA). |
| Kiran Morzaria, (Non-Executive Director) |
| Mr Morzaria holds an MBA from CASS Business School, and a B.Eng in Geology from the Camborne School of Mines. He is a member of the Institute of Directors and has considerable experience in providing corporate advice to several AIM traded companies and has experience in valuations, due diligence, capital raisings, joint ventures and reverse take-overs. He is Finance Director of AIM quoted resource company River Diamonds Plc as well as Non-Executive Director of Hot Tuna International Plc. |
| MANAGEMENT TEAM |
| Martin Hills, Exploration Manager, DRC |
| Zac Mashala, Projects Manager, DRC |
| Eddy Ngarambe Muzrai, Country Manager, DRC |
| Danie Pretorius, Exploration Manager, SA |
| Richard Jones, CSR Consultant |
Company AddressLevel 5
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Additional Address/Key ContactInvestor Relations |
Annual General MeetingJanuary | Year End31 December |
Nominated BrokersArbuthnot | Nominated AdvisorsBeaumont Cornish Limited |
16/11/06 - Brinkley Mining, Nuclear Reaction, Arbuthnot
| Atomaer Holdings Pty Ltd | 65,400,000 | 18.36% |
| Deutsche Bank AG | 46,469,411 | 13.04% |
| RAB Special Situations (Master) Fund Ltd | 31,520,524 | 8.85% |
| UBS | 30,000,000 | 8.42% |
| Totalserve Trustees Ltd atf Narina Trust | 45,000,000 | 12.63% |
| L-R Global Partners L.P. & L-R Global Fund Ltd | 21,992,768 | 6.17% |