InvestSMART

Berkeley Energia Limited (ASX:BKY)

ALERT: Price-sensitive ASX Announcement for BKY
Current share price for BKY : $0.900 0.4 (80%)+
Announcement
Release
30 Jul 2026 8:26AM
Price at Release
$0.500
Full Release
download
Summary
Berkeley Energia Limited's Quarterly Report for June 2026 highlights continued exploration at the Conchas Project in Spain, discovering significant lithium and rubidium deposits. A maiden Mineral Resource Estimate has been announced, affirming the project's potential. The quarter saw the appointment of former Endesa Chief Executive José Bogas Gálvez to the board, enhancing the company's influence in Spain. Despite no mining activities, Berkeley maintains a strong financial position with AU$62 million in reserves and is pursuing a US$1.25 billion arbitration case against Spain. Active exploration continues for critical minerals in Spain and Portugal.
Key Points
  • Berkeley Energia Limited continued exploration at its Conchas Project in Spain focusing on lithium and rubidium.
  • A Maiden Mineral Resource Estimate (MRE) was announced with significant findings of lithium and rubidium.
  • The MRE totals 11.8 million tonnes with contained lithium oxide and rubidium oxide.
  • Former Endesa Chief Executive, José Bogas Gálvez, joined Berkeley's Board as a Non-Executive Director.
  • No mining or production activities occurred during the quarter ended 30 June 2026.
  • Berkeley's cash flow and financial position remain strong with AU$62 million in reserves.
  • The company is engaged in an international arbitration against Spain seeking US$1.25 billion.
  • Active exploration for critical minerals continues, including lithium, rubidium, and other strategic metals in Spain and Portugal.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.