URU Metals Limited Application for new Prospecting Right Accepted (4832L)
13 Septiembre 2021 - 1:00AM
UK Regulatory
TIDMURU
RNS Number : 4832L
URU Metals Limited
13 September 2021
13 September 2021
URU Metals Limited
("URU" or "the Company")
Application for a new Prospecting Right adjacent to the
Zebediela Project accepted by the South Africa Department of
Mineral Resources
URU is pleased to announce that the South African Department of
Mineral Resources ("DMRE") has accepted an application for a
Prospecting Right over ten portions of the farm Piet Potgietersrust
Town and Townlands 44 KS, totalling 246 hectares. The Prospecting
Right under application is immediately south of the Zebediela
Project, and located approximately 4 km east of Ivanhoe Mines
Platreef Project, and approximately 20 km south of Anglo American
Platinum's Mogalakwena Mine.
The area under application could potentially contain platinum
group metal, nickel and copper mineralisation, based on the
exploration model developed on the Zebediela Project.
The Company is now required to conduct a brief Environmental
Impact Assessment and submit a Final Environmental Report on or
before 24(th) November 2021, after which the DMRE can award the
Prospecting Right.
Once awarded, the right will be valid for a period of five
years, and renewable for a period of no longer than 3 years. The
Company has committed to a work expenditure of GBP 826,000 over
this five year period.
CEO of URU Metals, Mr John Zorbas, commented: "The acceptance of
this Prospecting Right application increases the exposure of URU to
the massive nickel sulphide and PGE exploration potential on the
Northern Limb of the Bushveld Complex, probably the largest known
repository of nickel sulphide globally. We look forward to fast
tracking the development of this project in order to quickly
understand any economic potential the ground may hold"
Certain information contained in this announcement would have
been deemed inside information for the purposes of Article 7 of
Regulation (EU) No 596/2014 until the release of this
announcement.
For further information, please contact:
URU Metals Limited
John Zorbas
(Chief Executive Officer) +1 416 504 3978
SP Angel Corporate Finance LLP
(Nominated Adviser and Broker)
Ewan Leggat + 44 (0) 203 470 0470
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
MSCFLFVRAAIFLIL
(END) Dow Jones Newswires
September 13, 2021 02:00 ET (06:00 GMT)
Uru Metals (LSE:URU)
Gráfica de Acción Histórica
De Mar 2024 a Abr 2024
Uru Metals (LSE:URU)
Gráfica de Acción Histórica
De Abr 2023 a Abr 2024