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Share Price: 50.00

Bid: 40.00

Ask: 60.00

Change: 0.00 (0.00%)

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Open: 50.00

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IN BRIEF: Uru Metals notes positive results for drilling at Zebediela

Tue, 15th Mar 2022 12:05

Uru Metals Ltd - Toronto-based investor and mine project developer - Announces that Zeb Nickel Corp, a Toronto-based mineral deposits explorer, has completed the most recent phase of exploration drilling at the Zebediela nickel project in South Africa. Uru Metals holds a 75% interest in Zeb Nickel and is the technical operator of the Zebediela project.

Uru Metals notes Zeb Nickel's announcement of higher grade nickel sulphide and associated platinum-group element mineralization of up to 1.7% nickel intersected in critical zone and adjacent lithologies during exploration drilling at the Zebediela Project. Continues that a weighted average calculation using a cut-off grade of 0.31% nickel from this phase of drilling results in an increased grade of 76% higher than that declared in the historical resource used in the existing preliminary economic assessment.

Current stock price: 261.00, down 18% in London

12-month change: up 16%

By Heather Rydings; heatherrydings@alliancenews.com

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2 May 2014 11:44

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URU Metals Closes Deal To Buy Zebediela Project In South Africa

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IN BRIEF: Uru Metals notes positive results for drilling at Zebediela

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