BRR Braemore Res

RNS Number:6090R
Braemore Resources PLC
22 September 2005

22 September 2005

                             BRAEMORE RESOURCES PLC

                         ("Braemore" or "the Company")



                 FIRST PHASE OF DRILLING SUCCESSFULLY COMPLETED

                      ON LEINSTER NICKEL SULPHIDE TAILINGS



Braemore announces that it has successfully completed the first phase drilling
programme on the nickel sulphide Tailings Storage Facilities ("TSF") at BHP
Billiton's Leinster Nickel Operations.



Western Consolidated Nickel Pty Limited ("WCN"), a wholly owned subsidiary of
Braemore, has sole rights to conduct pilot plant testwork and a definitive
feasibility study on the reclamation and processing of sulphide nickel tailings
to produce a high grade intermediate product in the form of nickel sulphide
commencing at Leinster under an agreement with BHP Billiton Nickel West
(formerly WMC Resources Ltd).



WCN may proceed with the development and operation of commercial plants to
process sulphide nickel tailings at Nickel West's Leinster operations  and,
subsequently, at Kambalda and Mt Keith, if the definitive feasibility study and
project satisfies the project criteria.



An independent assessment of Nickel West's  sulphide nickel tailings  based on
mill records at Leinster, Kambalda and Mt Keith by AMC Consultants Pty Ltd ("AMC
") has reported 162.7 million tonnes of sulphide nickel tailings containing
approximately 500,000 tonnes of nickel metal.



The first phase of the programme at Leinster comprised reverse circulation air
core drill sampling on 80m centres on TSF1 and TSF2, and bucket sampling at
three locations on TSF3, with drill samples being taken every metre.



In total 100 holes were drilled for 1,122 meters with all work being completed
by CSA Geological Consultants under the guidance of Braemore's technical
director and former WMC nickel chief geologist Mr Mick Elias.



AMC has estimated that TSF 1, 2 and 3 at the Leinster contain 28.1m tonnes at an
average grade of  0.51%(Ni) for 144,238 tonnes of nickel.



The thickness of tailings at Leinster was found to vary between 3 and 12 m in
TSF1 and between 1 and 6 m in TSF2, the variation depending on the topography of
the substrate.  TSF3 is an active storage facility currently being used by BHP
Billiton and was not accessible for drilling at this stage. However, three large
samples were taken from TSF3 with bucket excavator or manually, at three
locations spaced between the edge and the centre of the tailings storage
facility.



The samples were delivered to the AMMTEC metallurgical laboratory in Perth for
chemical analysis, moisture determination, and grain size and mineralogical
analysis.  .



Assaying of the samples for nickel and other metals will be carried out by
Ultratrace.  A JORC Code compliant resource statement will be prepared by CSA
and will be released to the market when completed.



Interim assaying results from each TSF will be announced when they come to hand.



A program of sampling using the hollow auger drilling technique will be carried
out shortly to determine accurate bulk density of the tailings and provide
samples for diagnostic flotation and leach testwork on composite samples.  The
auger holes will be drilled close to existing air core holes, and will also
verify the sampling results from the air core program.



WCN has commissioned Outokumpu Finland the World's leading flotation specialists
to undertake flotation test work on all samples in consultation with the
company's technical consultants Atomaer Technologies.



Appointment of Chairman and Managing Director



The Company is pleased to announce that Mr David Humann has been formally
appointed as Chairman, Mr Christopher Lambert as Deputy Chairman and Mr Clayton
Dodd has been appointed Managing Director.



Issue of Options to directors, employees and consultants



The Company advises that it has issued 22 million options to directors, staff
and consultants, pursuant to the Company's Re-admission document dated 4 July
2005.  These options have been issued to incentivise key personnel towards the
achievement of the Company's objectives through participation in the future
growth and prosperity of the Company by way of share ownership. Each of the six
directors has been issued 1.5 million options in the Company at an exercise
price of 15 pence, which vest 12 months from the date of issue. The options
expire 5 years from the date of issue and are exercisable from the vesting date.
In addition, 13 million options, on the same terms, have been issued to 23 key
employees and consultants who will be assisting with the implementation of the
Company's nickel production strategy.





Enquiries:


Braemore Resources Plc
Clayton Dodd, Managing Director                          +61 8 9221 8833
David Lenigas, Director                             +44 (0) 20 7079 1798

Nabarro Wells & Co Limited                 
Hugh Oram, Director                                 +44 (0) 20 7710 7400

Parkgreen Communications
Justine Howarth / Ana Ribeiro                       +44 (0) 207 493 3713












                      This information is provided by RNS
            The company news service from the London Stock Exchange
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