UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): July 27, 2011
BE RESOURCES INC.
(Exact
name of registrant as specified in its charter)
Colorado | 000-53811 | 42-1737182 |
(State or other jurisdiction of | (Commission File | (I.R.S. Employer |
incorporation or organization) | Number) | Identification No.) |
107 Hackney Circle
Elephant Butte, New Mexico 87935
(Address of principal executive offices) (Zip Code)
Registrants telephone number including area code: (575) 744-4014
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
.[ ] |
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
[ ] |
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
[ ] |
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
[ ] |
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 7.01 Regulation FD
On July 27, 2011, BE Resources Inc. (the Company) issued a press release further clarifying certain data with respect to drilling results from the Companys Warm Springs Beryllium Project located in Soccoro County, New Mexico that were originally released on July 22, 2011. A copy of the press release is attached to this report as Exhibit 99.1.
The information furnished under this Item 7.01, including the exhibits, shall not be deemed filed for purposes of Section 18 of the Securities Exchange Act of 1934, nor shall it be deemed incorporated by reference in any filing under the Securities Act, except as shall be expressly set forth by reference to such filing.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
99.1 | Press Release dated July 27, 2011. |
Cautionary Statement for Purposes of the "Safe Harbor "Provisions of the Private Securities Litigation Reform Act of 1995.
The matters discussed in this report on Form 8-K, when not historical matters, are forward-looking statements within the meaning of existing securities legislation and involve a number of risks and uncertainties that could cause actual results to differ materially from projected results. Such forward looking statements include, among others, statements regarding anticipated business plans, future exploration results and receipt of working capital. Such factors that may impact these forward-looking statements include, among others set forth in the Company's reports filed with the Securities and Exchange Commission (SEC), the results of its continuing exploration program, the decisions of third parties over which the Company has no control, commodity prices, environmental and government regulations, judicial proceedings, force majeure events, and other risk factors as described from time to time in the Company's filings with the SEC. Many of these factors are beyond the Company's ability to control or predict. The Company disclaims any intent or obligation to update its forward-looking statements, whether as a result of receiving new information, the occurrence of future events, or otherwise.
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SIGNATURE
Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the Registrant has caused this Report to be signed on its behalf by the undersigned thereunto duly authorized.
BE RESOURCES INC. | |
Date: July 28, 2011 | By: /s/ Carmelo Marrelli |
Carmelo Marrelli | |
Chief Financial Officer |
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Exhibit Index
The following is a list of the Exhibits furnished herewith.
Exhibit | |
Number | Description of Exhibit |
99.1 | Press Release dated July 27, 2011. |
4
Exhibit 99.1
Symbol: BER (TSX V)
News Release |
July 27, 2011 |
BE Resources Inc. Releases Corrected Rare Earth Assay Results from Drilling Program at the Warm Springs Beryllium & Rare Earth Project
BE Resources Inc. (the Company) announces that as a result of errors of a typographical nature found in the table of rare earth assay results set out in its news release of July 25, 2011, none of which are material or affect the TREO values, the Company is issuing this further news release to set out the corrected numbers.
The Company also clarified that the amounts in the table and accompanying notes set out in the Companys news release of July 25, 2011, as corrected below, were calculated by Gerald A. Harron P. Eng. of G.A. Harron & Associates Inc., a qualified person under National Instrument 43-101 who is independent of the Company.
Rare earth element assay results for four drill holes initially announced on July 22, 2011 (DH1, DH2, DH3 and DH19) are set out in the following table.
Drill Hole No. |
From (ft) |
To (ft) |
Interval (ft) |
LREO2 % |
HREO3 % |
TREO4 % |
DH1 |
765 |
788 |
23 |
82.50 |
17.50 |
0.69 |
DH2 |
843 |
878 |
35 |
82.89 |
17.11 |
1.56 |
DH3 |
620 |
678 |
58 |
81.84 |
18.16 |
0.91 |
DH3 |
1157 |
1255 |
98 |
60.31 |
39.69 |
1.95 |
DH3 |
1265 |
1297.5 |
32.5 |
67.14 |
32.86 |
1.89 |
DH3 |
1306.5 |
1564 |
257.5 |
75.51 |
24.49 |
0.26 |
DH3 |
1582 |
1736 |
154 |
75.22 |
24.78 |
0.78 |
DH19 |
194 |
295 |
101 |
61.46 |
38.54 |
0.97 |
DH19 |
468 |
474 |
6 |
76.67 |
23.33 |
0.09 |
Notes:
1.Measurement is Imperial
2.LREO includes light rare earth elements (Cerium, Europium,
Lanthanum, Neodymium, Praseodymium, Samarium) as oxides. LREO% = LREO%/TREO%.
Cerium oxide, Lanthanum oxide and Neodymium oxide represent approximately 90% of
the reported values.
3.HREO includes heavy rare earth elements (Gadolinium, Terbium,
Dysprosium, Holmium, Erbium, Thulium, Ytterbium, Lutetium, Yttrium) as oxides.
HREO% = HREO%/TREO%. Yttrium oxide, Lutetium oxide, Dysprosium oxide, Gadolinium
oxide and Ytterbium oxide represent approximately 93% of the reported
values.
4. TREO means total rare earth oxides and includes all LREO and
HREO. Full assay results are available on the Companys website at
www.beresources.com.
_________________________
True widths have not yet been determined in respect of the above results.
The Company is in the process of examining these results more closely with a view to determining next steps. The Company believes that the above rare earth results indicate that additional drilling is warranted to more fully understand the rare earth mineralization. The ability of the Company to conduct further drilling is subject to financing and compliance with permit requirements.
Reference is made to the Company’s news release of July 25, 2011 for the quality assurance/quality control (QA/QC) procedures for its Warm Springs project.
Gerald A. Harron P. Eng. of G.A. Harron & Associates Inc. is the qualified person under National Instrument 43-101 responsible for the calculations of all amounts set out in the table and accompanying notes set out in this news release. David Tognoni, PE, the Company’s President & CEO, is the qualified person under National Instrument 43-101 for the project and is responsible for verification of the data and the balance of this news release. David Tognoni has supervised all aspects of the project including drilling, core sampling and the shipping of samples by personnel from AMEC Earth and Environmental, Inc.
Disclaimer
This new release contains “forward looking information” (as defined in applicable securities legislation) that is based on expectations, estimates and projections as of this date. Examples of forward looking information can be identified by the use of forward looking words such as “believes” and “warranted”. Forward looking information, by its nature, requires us to make assumptions and is subject to significant risks and uncertainties which may give rise to the possibility that our expectations or conclusions will not prove to be accurate and that the assumptions may not be correct. These factors, many of which are beyond our control, include financing risks and business and economic conditions generally. Additional information about these and other factors are located in reports filed with Canadian securities regulators, including the Company’s annual report on Form 10-K for the year ended December 31, 2010. We have no intention to update this forward looking information, except as required by applicable securities laws. This forward looking information should not be relied upon as representing our views as of any date subsequent to this date.
For further information please contact:
David Tognoni
President & CEO
P.O. Box 684
Elephant Butte, New Mexico 87935
Tel: 575-744-4014
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.