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% 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.
The Ministry for the Ecological Transition and the Demographic Challenge (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.