BMR Group seeks to acquire Zambian zinc prospect

Aim-listed BMR Group is in the process of acquiring a large-scale zinc prospecting licence, known as Star Zinc, from Zambia-based Bushbuck Resources for $1-million. The two companies on Monday entered into a 60-day exclusive option agreement for the 83 km2 licence, to the immediate north of Lusaka, Zambia, which was now conditional upon satisfactory completion of due diligence and the granting of Ministerial approval to the transfer of the licence.