BE Resources Completes Review of Overall Strategy

BE Resources Inc. (TSXV:BER) announced it has completed the review of its overall strategy, assets and operations.

As quoted in the press release,

The conclusion of the board is that it will cease exploration work on its New Mexico properties and place the Warm Springs project on care and maintenance. The Company’s focus will turn to acquiring an interest in more traditional precious and base metal exploration properties. The Company has been examining a number of opportunities in DRC, Bolivia, British Columbia, Mexico and Quebec and has entered into a memorandum of understanding respecting four mining concessions in Bolivia where the target minerals are gold, palladium and platinum, under which memorandum of understanding the Company has 90 days to conduct due diligence.

Click here to read the BE Resources Inc. (TSXV:BER) press release.