The document discusses the potential of a uranium mining project in Salamanca, Spain called the Salamanca Project. It notes that the project has enough recoverable uranium to power the UK's electricity needs for five and a half years. It also says the project could generate an after-tax net present value of £2.80 per share, rising to over £8.50 per share if uranium prices return to 2007 peak levels. The document promotes the project as having low capital costs and an experienced Spanish management team with necessary approvals already in place.

2. A HIGH IMPACT CLEAN ENERGY INVESTMENT
THAT’S GOOD FOR THE ENVIRONMENT AND
VERY GOOD FOR YOUR PORTFOLIO

3. RENEWABLES ALONE
CANNOT DELIVER OUR
CLEAN ENERGY FUTURE
THE UK WILL NEED ANOTHER
32,000 WIND TURBINES TO MEET
THE 2050 CARBON TARGETS
IT’S NOT A QUESTION OF
RENEWABLES OR NUCLEAR BUT
RENEWABLES AND NUCLEAR

4. WITH ONLY ONE URANIUM MINE
EUROPE’S SECURITY OF SUPPLY IS CRITICAL
160 +300
WITH ONLY ONE URANIUM MINE EUROPE’S
SECURITY OF SUPPLY IS CRITICAL
160 +300

5. THE SALAMANCA
PROJECT HAS ENOUGH
RECOVERABLE URANIUM
TO POWER THE WHOLE OF
THE UK’S ELECTRICITY
NEEDS FOR FIVE AND
HALF YEARS
David Talbot Dundee Securities September 2015

6. HIGHLY EXPERIENCED SPANISH
MANAGEMENT TEAM HAS DEVELOPED
THREE MAJOR MINES IN SPAIN
..WITH NATIONAL AND LOCAL APPROVALS IN
HAND COMMENCING SITE WORKS MID-2016.

7. LOCAL COMMUNITY SUFFERING
DESERTIFICATION AND
INTER-GENERATIONAL
UNEMPLOYMENT
18,000
200
APPLICANTS FOR
JOBS

8. SALAMANCA IS A HIGH-IMPACT PROJECT
Bringing project into production generates
after tax NPV of £2.80 per share.
NPV rises to over £8.50 per share if
Uranium returns to Year 2007 peak prices.
Exploration targeting multiple “ZONA 7s”

9. SALAMANCA IS ONE OF THE WORLD’S
LOWEST COST PROJECTS
Ultra-Low Capital Cost
$18.50

10. ESCALATING DEMAND
2626 6868 127127
Construct ProposedOperating

11. GRAND CANYON OF SUPPLY DEFICIT
David Sadowski Raymond James - September 2015

12. THE URANIUM PRICE RISE - WILL BE VIOLENT
Dave Talbot Dundee Securities September 2015
Uranium Contracted Uranium Price

13. TARGETING
MULTIPLE
ZONA 7’S
PROCESS
PLANT
10 KM
HIGH IMPACT EXPLORATION

15. BERKELEY SHARE PRICE (BKY.L)
INFLUENTIAL
SHAREHOLDERS
Anglo Pacific Group 13%
Resource Capital Fund 7.5%
Hadron 5%
First State 4%
Apollo Group 3%
Management 2%

16. No-one ever went to
a cocktail party and
said I have just
bought some more
Vodaphone.