BMR is currently engaged in two projects, both recovering lead, zinc and other minerals from the site of the former Kabwe Mine in Zambia. In June 2011 BMR’s wholly owned subsidiary Enviro Processing Limited acquired the Small Scale Mining Licence to exploit the above-ground tailings and slag Dumps. In April 2012 Enviro Processing Limited also acquired the Large Scale Mining Licence for all the underground un-mined or partly-mined ore bodies at the Kabwe Mine. It intends to licence further such projects in due course.
The Company announced on 22 June 2011 that it had completed the purchase agreement for the remaining stockpiles of tailings not presently owned by it at the Kabwe mine in Zambia. Under the agreement, BMR acquired Enviro Mining Ltd and its two Zambian-registered subsidiaries, Enviro Processing Ltd and Enviro Props Ltd which became wholly-owned subsidiaries of BMR. These companies own:
- The leasehold rights and title to Stand 5187 containing the stockpiles at Kabwe until 30 June 2075;
- The contents of all the tailings dumps included in Stand 5187 and Dump 57;
- The Small-Scale Mining Licence relating to lead, zinc, copper and cobalt minerals for a period of 10 years from 20 October 2010, renewable thereafter. This Licence allows the Company to process the tailings without restriction on volume; and
- Access Rights to enable BMR to develop Dump 57.
Auger drilling being carried out in July 2010