URU Metals Limited (AIM: URU) (“URU” or the “Company”) announces that diamond drilling has commenced at the Zeb Nickel Project in Limpopo Province, South Africa. The initial programme comprises eight planned holes totalling approximately 3,850 metres, focused on the Project’s Zone 2 nickel-copper-platinum group element (“PGE”) mineralisation.
Drilling programme
The programme is designed to improve geological control and test the continuity of Zone 2 mineralisation. Paired holes from four drill pads are intended to test the shallower and down-dip portions of the mineralised package.
The objective is to generate additional geological and assay data to support evaluation of a maiden mineral resource estimate for Zone 2. Any estimate would depend on the drilling results, data verification and sufficient geological and grade continuity, together with the other requirements of National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”) and applicable CIM Definition Standards. There is no assurance that this programme will establish a mineral resource or demonstrate economic viability.
Hole locations, orientations and final depths may be adjusted as drilling advances and geological information is incorporated into the model. The initial Zone 2 programme does not, by itself, establish continuity with other mineralised zones or identify the source of untested geophysical conductors.
Sampling and reporting
Core will be logged and sampled under the supervision of the responsible Qualified Person, with samples submitted for independent laboratory analysis under a quality assurance and quality control programme. The Company intends to provide operational updates and disclose material results following receipt, quality control review and interpretation. No assay results from this programme are reported in this release.
Qualified Person and data verification
The scientific and technical information in this news release has been reviewed and approved by Richard Montjoie, Pr.Sci.Nat. Exploration Manager, who is a qualified person as defined in National Instrument 43-101 Standards of Disclosure for Mineral Projects. Mr Montjoie is not independent of the Company.
About the Company
URU Metals is a mineral exploration and development company focused on advancing high-potential critical metals projects in South Africa. The Company is committed to creating sustainable value through responsible mining practices, regulatory compliance, and active stakeholder engagement. For more information, visit www.urumetals.com
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
Jen Clarke / Ewan Leggat / Devik Mehta
+44 (0) 203 470 0470
Axis Capital Markets Limited
Joint Broker
Richard Hutchison
+44 (0) 203 026 0320
