Business
Statement Regarding Media Speculation
Statement Regarding Media Speculation.
About this update from Uru Metals Limited
[{"type":"text","content":"\n \nRNS Number : 7738Z URU Metals Limited 22 May 2019 \n\n22 May 2019\n \nURU Metals Limited\n\n(\"URU\" or \"the Company\")\nStatement regarding media speculation\n \nURU announces that the Company had uploaded a new corporate presentation to its website in error. The full presentation can be viewed via the following link http://www.rns-pdf.londonstockexchange.com/rns/7738Z_1-2019-5-21.pdf and will be made available on the Company's website shortly. \n \nThe presentation contains the following historical and current overview updates in relation to the Company's Zebediela Project (\"Zebediela\" or the \"Project\"):\n \n· Following the ground-based geophysics survey conducted over a portion of the Zebediela Project as announced 16 October 2018, the Company has identified drill targets which it intends to follow up with further geological mapping and with diamond core drilling of 6 holes (as announced in the RNS dated 16th October 2018) with the intention of increasing the strike extent of Nickel Platinum Group Element, (\"Ni-PGE\") mineralisation and to target a maiden Inferred JORC resource of up to 60 Million tonnes of Ni-PGE mineralisation. This target resource will be dependant on the successful intersection of Ni-PGE mineralisation, as well as the extent and continuity of the mineralisation intersected.\n \n· The Company also intends to submit a Mining Right Application to the South African Department of Mineral Resources to enable the Company to extend the validity of the Zebediela mineral rights for a further 30 years once the current prospecting right expires in December 2021, as per South African legislation. Furthermore, this will allow the Zebediela Project to advance towards production. This is a natural progression from the steps relating to the renewal of the prospecting rights as announced on 04 December 2018.\n \n· As part of the Mining Right application process, the Company will have to submit an application for Environmental Authorisation for the Zebediela Project, which requires that the company conduct an Environmental Impact Assessment, (\"EIA\").\n \nAs previously disclosed by the Company in its Full Year Results to 31 March 2018, the project management, coordination of the mining rights application and...