BRR Braemore Res

RNS Number:2388T
Braemore Resources PLC
19 March 2007



News Release

London

19th March 2007

Braemore Confirms Nickel Resources at Leinster Tailings Project in Western
Australia

Braemore Resources Plc ("Braemore" or "BRR") is pleased to announce that it has
received a JORC compliant resource statement from qualified consultants CSA
Australia Pty Ltd ("CSA") for the sulphide nickel tailings at BHP Billiton's
Leinster Nickel Operations ("LNO").



The combined Inferred and Measured Mineral Resource estimate for TSF1, TSF2 and
TSF3 is 29,610,000 tonnes @ an average grade of 0.46% Ni for 135,000 tonnes of
nickel.



CSA was commissioned by Braemore to conduct a resource definition drilling
program with view to generating a Mineral Resource estimate of the
nickel-sulphide tailings storage facilities at LNO.



The facilities at LNO comprise three tailings dams, namely TSF1, TSF2 and TSF3.
TSF1 and TSF2 are no longer active and have been covered with backfill.
Nickel-sulphide tailings discharge from the LNO plant is currently rotated
between three cells within TSF3.



The Mineral Resource estimates for TSF1, TSF2 and TSF3 are summarised as
follows:


         Leinster Tailings Storage Facility Total Mineral Resource as at 31 December 2006
Tailings        Measured             Indicated             Inferred                  Total
   Dam     Tonnes    Ni    Ni   Tonnes  Ni    Ni      Tonnes    Ni    Ni      Tonnes    Ni    Ni
                    (%)  Tonnes         (%) Tonnes             (%)  Tonnes             (%)  Tonnes
TSF 1     1,320,000 0.63  8,300       -   -       -          -    -       -  1,320,000 0.63   8,300
1TSF2     1,840,000 0.58 10,700       -   -       -          -    -       -  1,840,000 0.58  10,700
TSF3              -    -      -       -   -       - 26,450,000 0.44 116,000 26,450,000 0.44 116,000
Total     3,160,000 0.60 19,000       -   -       - 26,450,000 0.44 116,000 29,610,000 0.46 135,000

1The TSF2 Mineral Resource estimate excludes the un-recoverable 735,000 tonnes @
0.59% Ni for 4300 tonnes of nickel estimated to be contained within the TSF2
refuse dump exclusion area.



Mr Hamish Bohannan, Managing Director said: "We are pleased to finally receive
these results confirming the estimates based metallurgical operating reports.
Our plan is to progress the project to Mount Keith and Kambalda once the
Leinster Project has presented a positive Feasibility Study.  On the basis of
these results we would not expect estimates for nickel content in those tailings
dams based on metallurgical operating reports to vary significantly either."

Independent consultants, AMC Consultants Pty Ltd ("AMC"), have previously
estimated that the tailings storage facilities at LNO contain approximately 28.1
million tonnes at 0.51% nickel for approximately 144,000 tonnes of nickel based
on historic mill records of the sulphide tailings at the Leinster operations.

Mr Bohannan said that the testwork on the leaching of the nickel sulphide
tailings has commenced at Outokumpu Technology Research Centre in Finland and
also with Atomaer Technologies using its atmospheric oxidative leach at the
Atomaer Research Centre in facilities at Mintek in South Africa.  The results
continue to be encouraging and will be released after technical review subject
to the confidentiality provisions under the Tailings Supply Agreement with BHP
Billiton.

                                      ENDS



For further information contact:

Braemore:
Mr Hamish Bohannan
Managing Director
Braemore Resources Plc
Telephone (Office):         +61 8 9218 8833
Telephone (Mobile):        +61 419 234 770

Nabarro Wells & Co. Limited
Mr Hugh Oram
Director
Telephone (office)           +44 20 7710 7400

Parkgreen Communications
Justine Howarth/Clare Irvine
Telephone (Office):         +44 20 7851 7480



Background:

Braemore Resources Plc is public company listed on the Alternative Investment
Market of London Stock Exchange.

Braemore acquired all of the issued capital of Western Consolidated Nickel Pty
Limited ("WCN") from Atomaer in July 2005.

WCN has sole rights to conduct pilot plant test work and a Definitive
Feasibility Study on the reclamation and processing of sulphide nickel tailings
at BHP Billiton's nickel operations at Leinster.

WCN may proceed with the development and operations of commercial plants to
process sulphide nickel tailings for the production of a high grade intermediate
product in the form of a nickel sulphide containing 61% to 65% nickel and other
products at the Leinster Nickel Operations (the Project) and subsequently at
Kambalda and Mt Keith if the Definitive Feasibility Study for the Project
satisfies the project criteria.

Independent consultants, AMC Consultants Pty Ltd ("AMC"), have previously
estimated that the tailings storage facilities contain approximately 162.7
million tonnes with approximately 500,000 tonnes of nickel based on historic
mill records of the sulphide tailings at the Leinster, Kambalda and Mt Keith
operations.  In addition, AMC have estimated that a further 522,000 tonnes of
nickel will report to tailings from processing operations to the completion of
mining activities at the Leinster and Mt Keith.

The Technical Report by AMC, published in the readmission document issued by
Braemore in July 2005, proposed an indicative flowsheet which included a
flotation circuit at the front end to reduce mass balance, followed by
atmospheric oxidation and leaching with potential to pressure the final residue,
if required.

Recent testwork by Outokumpu Technologies in Pori, Finland, demonstrated the
potential to simplify the flowsheet by:

1.                   removing the requirement for a large flotation circuit and
related facilities at the front end of the process,

2.                   applying direct atmospheric oxidation and leaching of
nickel from sulphide tailings without prior concentration, and

3.                   possibly also negating the requirement, if any, for
pressure vessels for oxidation and leaching of nickel from the residues after
the atmospheric oxidation and leach.

Under the Tailings Supply Agreement with WCN, BHP Billiton has the right to
acquire a 50% interest in the Project under joint venture arrangements either at
the development stage, or within 3 years after the commissioning of a plant.

The Tailings Supply Agreement also provides exclusive rights to BHP Billiton to
purchase all nickel sulphide product from the Project that complies with product
specifications.

CSA Leinster Tailings Resource Definition Project

CSA was commissioned by Braemore to conduct a resource definition drilling
program with view to generating a Mineral Resource estimate of the
nickel-sulphide tailings storage facilities at LNO.



The facilities comprise three tailings dams, namely; TSF1, TSF2 and TSF3. In
turn, TSF3 is divided into three cells called (AB), (CD) and (E). TSF1 and TSF2
are no longer active and have been covered with backfill. Nickel-sulphide
tailings discharge from the LNO plant is currently rotated between TSF3 cells
(AB), (CD) and (E).



Between July 2005 and April 2006, CSA conducted an aircore and hollow-auger
resource definition drilling program on TSF1 and TSF2 resulting in a Measured
Mineral Resource estimate for the tailings dams.



The combined Measured Mineral Resource estimate for TSF1 and TSF2 is 3,160,000
tonnes @ 0.60% Ni for 19,000 tonnes of nickel.



The north-west quadrant of TSF2 is excluded from the Mineral Resource estimate
because a refuse dump on top of the dam renders the tailings in this area as
non-recoverable. However, CSA estimates the nickel endowment contained in the
TSF2 exclusion area is 735,000 tonnes of tailings @ 0.59% Ni for 4300 tonnes of
nickel.



TSF3 was commissioned in December 1992. Since January 1993, BHPB (formerly WMC)
has recorded all monthly LNO tailings discharge tonnage and grade figures for
TSF3. Analysis of the figures up to December 2006 by CSA has resulted in an
Inferred Mineral Resource estimate for TSF3.



The Inferred Mineral Resource estimate for TSF3 is 26,450,000 tonnes @ 0.44% Ni
for 116,000 tonnes of nickel.



In April 2006, a traverse of 6 hollow auger holes for 120.20m was drilled for
metallurgical sampling purposes into TSF3 cell (CD). The program collected 117
tailings samples for 116.80m. The samples were collected from the entire
20m-thick tailings column and returned a (length-weighted) average grade of
0.39% Ni. The estimated nickel grade for TSF3 of 0.44% Ni is in acceptably close
agreement with the average nickel grade returned from this drilling program
conducted on one of the cells on TSF3, considering the vastly different sample
support on which each estimate is based.



DECLARATION



The information in this Report pertaining to in-situ Mineral Resources is based
on resource estimation work conducted by David Williams of FinOre (a division of
CSA) on drillhole data and geological interpretations compiled by Stephen Burke
of CSA.



Mick Elias of CSA Australia Pty Ltd takes overall responsibility for the Report.
He is a Chartered Professional and a Fellow of the Australasian Institute of
Mining and Metallurgy and has sufficient experience, which is relevant to the
style of mineralization and type of deposit under consideration, and to the
activity he is undertaking, to qualify as a Competent Person in terms of the '
Australasian Code for Reporting of Exploration Results, Mineral Resources and
Ore Reserves' (JORC Code 2004 Edition). Mick Elias consents to the inclusion of
such information in this Report in the form and context in which it appears.
Mick Elias is a non-executive director of Braemore.



The estimate was completed under the overall supervision and direction of Mr
David Williams, who is a Competent Person as defined by the Australasian Code
for the Reporting of Mineral Resources and Ore Reserves (JORC Code 2004 Edition)
and who consents to the inclusion in this report of the matters based on his
information in the form and context in which it appears.



The team of Competent Persons involved in the preparation of the Mineral
Resource are as follows:





*         Mick Elias, CSA Director, responsible for the overall reporting of the
Mineral Resource.



*         Stephen Burke, CSA Consultant Geologist responsible for conducting the
resource definition drilling program, drillhole data compilation, geological
modelling, QA/QC analysis and compilation of the Mineral Resource Report.



*         David Williams, FinOre Senior Consultant responsible for the resource
estimation and statistical analysis.



Independence Platinum Limited

Independence Platinum Limited was established by Atomaer for the purposes of
financing and investing in the evaluation, development and operations of
Independence Base Metals Refiners (Pty) Ltd, Independence Platinum Resources
(Pty) Ltd and Independence Precious Metals Refiners (Pty) Ltd in South Africa.



Braemore Resources Plc ("Braemore" or "BRR") acquired control of Independence
Platinum Limited ("Independence Platinum"), an unlisted company registered in
England and Wales in December 2006.

Independence Platinum is implementing plans to evaluate, establish and operate
independent base metals refining facilities for the smelting and refining of
sulphide concentrates containing platinum group metals ("PGM") from emerging
platinum producers in South Africa.

The new smelting and refining facilities are being evaluated in terms of an
initial capacity to process 360,000 tonnes of sulphide concentrates containing
platinum group metals ("PGM") per annum, to extract and produce up to 30,000
tonnes of nickel metal, 15,000 tonnes of copper metal and 1,000,000 ounces of
PGM in a high grade PGM iron alloy for subsequent precious metal refining.




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