Holding(s) in Company

RNS Number : 5368E

URU Metals Limited

10 February 2015

 



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

10 February 2015

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

Holdings in Company

URU Metals, the multi-commodity exploration company, was notified on 9 February 2015 that Hargreave Hale Ltd now controls the voting rights of 18,950,000 shares in the Company, equivalent to 8.3 per cent. of the Company's total voting rights.

**ENDS**

For further information please visit www.urumetals.com or 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) 207 382 1100
Beaufort Securities Limited (Joint Broker) Andrew Gutmann	+ 44 (0) 207 382 8300
St Brides Partners Ltd (Financial Public Relations) Lottie Brocklehurst / Susie Geliher	[phone]

About URU Metals:

URU Metals is a multi-commodity explorer and developer with a diverse portfolio that includes:

·     Zebediela Nickel Sulphide Project, South Africa

100% ownership of a world class nickel sulphide project located in the Limpopo Province of South Africa boasting non-JORC compliant inferred and indicated resources estimate of 1.5Bt containing around 37Mt of nickel.  Zebediela is forecasted to be a lowest-quartile production asset with an NPV of USUS$317 million and a post-tax IRR of 18.6% (assuming a post-tax discount rate of 10%, nickel price of US$8.50/lb, production of 20,000 tonnes of nickel per year over a 25 year mine life, a total capex cost of US$708 million, and an opex cost of US$3.35/lb Ni).

·     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 of Sweden. The project will involve the conversion of kerogen to oil and is one of the largest known uranium deposits worldwide.  The project has an exploration target of 1.47 billion tonnes potentially containing 303,000t of U₃O₈ and 525 million barrels of oil equivalent.

 

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