Update re magnetite drill programme at Zebediela

RNS Number : 8289B

URU Metals Limited

06 April 2017

 

URU Metals Limited

("URU Metals" or "the Company")

Zebediela Nickel Project

Expected commencement of magnetite drill programme

Following the announcement of 5 April 2017 which stated that the Company has commenced metallurgical test work on the magnetite resource associated with the nickel mineralisation at its Zebediela Project, the Company has been informed that preliminary results from the laboratory on this test work will be available within the next 10 days.

As the drill rig is already on site,  the Company expects that drilling to define the magnetite resource will commence immediately thereafter based on a 1,500 metre work programme.

As previously stated, the Company believes that the magnetite mineralisation could provide the potential to generate cash flow prior to the commencement of nickel extraction.

The Company expects to update the market in the very near future on additional metallurgical test work based on acid leaching, additional drill targets and other company projects.

This announcement contains inside information.

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For further information, please contact:

URU Metals Limited John Zorbas (Chief Executive Officer)	[phone]
Northland Capital Partners Limited (Nominated Adviser and Joint Broker) Edward Hutton / Matthew Johnson	+ 44 (0) 203 861 6625
Beaufort Securities Limited (Joint Broker) Jonathan Belliss	+ 44 (0) 207 382 8300
SVS Securities Plc (Joint Broker) Tom Curran	[phone]

 

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