Business
Gravelotte Mine Production and Operational Update
Gravelotte Mine Production and Operational Update.
About this update from Gem Resources Plc
[{"type":"text","content":"\n\nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO OR FROM THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS ANNOUNCEMENT.\n \nTHIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF REGULATION 2014/596/EU WHICH IS PART OF DOMESTIC UK LAW PURSUANT TO THE MARKET ABUSE (AMENDMENT) (EU EXIT) REGULATIONS (SI 2019/310) (\"UK MAR\"). UPON THE PUBLICATION OF THIS ANNOUNCEMENT, THIS INSIDE INFORMATION (AS DEFINED IN UK MAR) IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.\n \n\nURA Holdings plc\n(\"URA\" or the \"Company\")\n \nGravelotte Emerald Mine Production and Operational Update\nEmerald recovery rate exceeds resource grade estimates\n \nURA (LSE: URAH), the gemstone mining company is pleased to announce a production and operational update for the Gravelotte Emerald Mine (\"GEM\") following the commencement of phased production, 11 weeks ago, on 29 April 2024.\n \n Highlights\n \n· Early production targets achieved. Following improvements in systems and processes:\n \no Optimal emerald recovery rate in excess of 80% has been established.\n \no Current average emerald grade of over 30 carats per tonne, exceeding the average JORC resource grade estimate.\n \no Average current processing rate of between 60 and 70 tonnes per day, with further increases to be implemented in the coming months.\n \n· Several larger emeralds recovered, including a 50-carat emerald recovered in July 2024 from mining operations (see photo below).\n \n· First trial emerald sale on target for later in H2 2024.\n \n· Excellent safety record: No 'lost time injuries' or reportable accidents have occurred since the commencement of production.\n \n· Management team reinforced: appointment of an experienced gemstone Sorting, Grading and Sales Manager.\n \n· Final ministerial approval received for URA's acquisition of the Gravelotte Emerald Project.\n \n· Additional Prospecting Licence received for an ...