Corporate Profile

About Brinkley Mining

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.

Brinkley Mining owns 49% of Western Uranium Pty Ltd, an associate company which has been granted prospecting rights, and commenced a detailed exploration programme on the Waterval project area in South Africa.  Prospecting rights on three other areas have also been applied for by Western Uranium in South Africa – Flagfontein, Damsfontein/Bloemfontein and Rietkuil.  Each of these applications is in various stages of the prospecting rights process.

As part of our strategy to develop uranium assets in Africa, Brinkley Africa Limited (‘Brinkley Africa’) entered into an agreement with the Le Commissaraiat General a L’Energie Atomique (‘CGEA’) to explore and exploit the uranium assets in the DRC.  In conjunction with the CGEA we have identified five areas which are prospective for uranium in the Katanga province in the south east of the DRC.  We have requested exploration permits over the five areas from the Minister of Mines.

Brinkley Africa has also incorporated a new company in the DRC with the CGEA called Societe d’Inspection des Matieres Nucleaires et des Substances Radioactive (‘SOCIMAR’).  SOCIMAR is mandated by the CGEA to conduct radiation testing and certification of export material with a view to implementing proper controls and to restrict illicit export of radioactive material.  Brinkley Africa has board control of SOCIMAR and an approximate 40% economic interest.

Strategy and Future Prospects

The strategy of the Company is to:

• identify and consolidate mineral resources to establish an inventory of uranium with an initial mine life of 20 years or more, commencing in the Karoo Uranium Province of South Africa;
• develop and operate regional processing facilities to process minerals, concentrates and other products mined or otherwise acquired by the Company in the region to produce intermediate products containing uranium for further processing including beneficiation in South Africa and elsewhere;
• install and operate advances in process technology (industrial and environmental) to reduce capital and operating costs in uranium production, and recover other valuable metals from uranium minerals and concentrates for by-product revenues to position Brinkley as a long term producer in the lowest quartile of the cost curve;
• provide for participation in the evaluation, development and operation of uranium mining projects by and for the benefit and economic empowerment of historically disadvantaged persons in South Africa; and
• install and operate advances in environmental technologies and management to protect the health, safety and environment of employees and communities for sustainable development in the regions in which the Company operates.