Director Shareholding

RNS Number : 5706K

URU Metals Limited

26 June 2014

 



URU Metals Limited / Index: AIM / Epic: URU / Sector: Natural Resources

26 June 2014

URU Metals Limited ("URU Metals" or "the Company")

Director Shareholding

URU Metals, the multi-commodity resource exploration and development company, announces that 0.9 million out of the 3 million shares awarded to David Subotic, as announced on 2 May 2014, were simultaneously gifted by him to unrelated parties. David Subotic is therefore interested in 5,350,000 shares, representing 2.3 per cent. of the current issued share capital.

**ENDS**

For further information please visit www.urumetals.com or contact:

URU Metals Limited David Subotic, Chairman	+ 1 416 892 2870
Northland Capital Partners Limited (Nominated Adviser and Joint Broker) Edward Hutton / Matthew Johnson	+ 44 (0) 207 382 1100
Beaufort Securities Limited (Joint Broker) Andrew Gutmann	+ 44 (0) 207 382 8300
St Brides Media & Finance Ltd (Financial Public Relations) Lottie Brocklehurst / Susie Geliher	[phone]

About URU Metals:

URU Metals is a multi-commodity explorer and developer of high quality resource projects.  Its current portfolio comprises:

·     Zebediela Nickel Sulphide Project, South Africa

100% ownership of a world class nickel sulphide project in the Limpopo Province of South Africa boasting inferred and indicated resources of over 1.5Bt hosting around 37Mt of nickel.  Zebediela is forecasted to be a lowest-quartile production asset with an NPV₈ of US$1 billion and IRR of 25.7% at US$8.5/lb Ni for its indicated resources alone.

·     Burgersfort Nickel Sulphide Project, South Africa

50% ownership of Burgersfort, located in the Mpumalanga Province of South Africa.  Previous exploration identified disseminated nickel targets and three deeper massive sulphide nickel targets.

·     The Närke Oil-Uranium Project, Sweden

100% interest in an oil shale asset located in the Alum Shale outcrops of Sweden - conversion of kerogen to oil with one of the largest proven uranium deposits worldwide.  Potential to define combined non-compliant resources of 1.47 billion tonnes containing 303,000t of U₃O₈ and 525 million barrels of oil equivalent.

·     The Nueltin Gold-Uranium Project, Canada

70% earn-in agreement over a new discovery located in a well understood but unexploited basin with multiple high grade targets assaying up to 13.68% U₃O₈ and 2,060g/t Au.  Exploration is currently on hold however there remains the potential to progress towards Resource delineation and pre-production development work.

 

END

 

 

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