04 December 2018
URU Metals Limited
(“URU” or “the Company”)
Zebediela Licence Renewal Granted
URU is pleased to announce that further to the announcement of 29 November 2018, the Company has been informed by the South African Department of Mineral Resources (“DMR”) that it has formally approved and executed the renewal of prospecting right 148PR (the “Right”) on 3 December 2018, which forms the primary prospecting right over all known mineralisation of the Zebediela Nickel project for an additional three years. The Right will expire on 2 December 2021.
Additionally, as previously announced, the application in terms of Section 102 of the Mineral and Petroleum Resources Development Act of 2002 (the MPRDA) has been made, and acknowledged by the DMR, to append licences 1074PR and 11921PR to 148PR. As previously noted, this application will now be processed as the execution of the renewal of the Right has occurred. A further announcement will be made regarding the appending of the licenses in due course.
Market Abuse Regulation (MAR) Disclosure
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 |
| SVS Securities Plc (Joint Broker) Tom Curran | +44 (0) 203 700 0093 |
