21 October 2026
URU Metals Limited
(“URU” or the “Company”)
Zeb Nickel Project – Drilling Contract Signed; Mobilisation Scheduled
URU Metals Limited is pleased to announce that its subsidiary, Lesego Platinum Uitloop (Pty) Ltd (“LPU”), has signed the drilling contract for the next phase of work at the Zeb Nickel Project in Limpopo, South Africa.
The appointed drilling contractor is scheduled to mobilise to site by 2 November 2026, with drilling expected to commence by 9 November 2026, subject to completion of the remaining site-readiness and health and safety requirements.
The initial drilling will focus on Zone 2, where the programme is designed to provide the data needed to work towards a maiden Mineral Resource estimate for the nickel-copper-PGE mineralisation. Drill holes have been positioned using the completed Leapfrog 3D geological model.
Richard Montjoie, Exploration Manager of URU Metals, commented:
“This is a hugely significant milestone for URU Metals and the culmination of more than 12 months of hard work, detailed planning and determination by the entire team.
We are now moving from preparation to execution, and that represents a potentially transformational moment for the Company and the Zeb Nickel Project.
With the drilling contract signed and mobilisation to site now underway, we have a clear timetable towards commencing what we believe will be a critically important drilling campaign.
Our objective is clear: to unlock the considerable potential of Zeb Nickel and advance the project towards its maiden Mineral Resource Estimate.
After everything that has gone into reaching this point, it is incredibly exciting to be on the verge of drilling.
Our immediate priority is to complete mobilisation safely and get the first hole underway as soon as possible. We look forward to updating shareholders when drilling commences.”
The Company will update the market when drilling commences
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
ENDS
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
+44 (0) 203 470 0470
Axis Capital Markets Limited
Joint Broker
Richard Hutchison
+44 (0) 203 026 0320
Market Abuse Regulation (MAR) Disclosure
This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014 as it forms part of United Kingdom domestic law by virtue of the European Union (Withdrawal) Act 2018 (“UK MAR”). Upon the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.
