Salamanca, Spain / Uranium
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The world-class uranium project is being developed in a historic mining area located in Salamanca Province in western Spain, 250km west of Madrid.
Development
Uranium
Berkeley Energia
Spain
Royalty rate and type
1% NSR
Balance sheet classification
Royalty intangible
The Group has a 1% life of mine NSR royalty on the project, which is operated by ASX-listed Berkeley Energia Limited (‘Berkeley’). The project consists of four main deposits (Retortillo, Alameda, Zona 7 and Gambuta).
Authorisation for construction for the uranium concentrate plant as a radioactive facility (NSC II) is the only key approval required to commence full construction of the Salamanca mine. MITECO rejected the initial NSC II application, a ruling which Berkeley subsequently appealed. However, MITECO rejected Berkeley’s appeal in early 2023. Berkeley continues to follow various other avenues of appeal within Spain.