[stockdio-historical-chart symbol=”URU” stockExchange=”LSE” width=”580″ height=”380″ motif=”financial” palette=”financial-light”]
NB: Recent share price movement resulted from 1 – 25 share split announced on March 17 2025 here
URU Metals Limited is an AIM listed exploration and development company which identifies and invests in quality mineral projects worldwide.
The Company is exploring and developing a portfolio of high quality assets across a targeted spectrum of commodities in several geographic jurisdictions. In the immediate future, URU will endeavour to achieve this by continuing to explore and develop its flagship Zebedelia Nickel Property. The Company will continue to look for additional acquisition and/or investment opportunities as they arise.
Zebedelia Nickel Property
URU Metals owns 74.4% of Zeb Nickel Corp traded on the TSX.V under the symbol ZBNI.V. www.zebnickel.com.
The project is located in the Limpopo Province of South Africa close to the platinum mining town of Mokopane. The Critical Zone rocks identified at the Zebedelia project area are the same rocks that are mined at the nearby Ivanhoe Platreef Project and Anglo Platinum’s Mogalakwena Mine.
A Preliminary Economic Assessment (“PEA”) completed in 2012 reported inferred and indicated resources (Non-JORC) totalling over 1.5 billion tonnes @ 0.245% Ni with an estimated Net Present Value of US$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).
While the historical resource contains over 1.5 billion tons, there is a clear path to increase the grade and add PGE credits. Historical drilling stopped short of what is now recognised as higher grade mineralisation near to the base of the geological body hosting the nickel mineralisation.
The last completed drill programme of 8 holes totalling 3220m resulted in multiple intersections of higher grade Ni-PGE mineralisation.
The drill programme successfully proved a strike zone of over 5km of Ni-PGE mineralisation.
Additionally various holes revealed the presence of anomalies containing high gold mineralisation. This mineralisation is almost certainly related to the gold mineralisation that occurs on the adjacent Pietersburg Greenstone Belt, which hosts several historical gold mines.
Zebedelia Asset Summary
Zebedelia is accessible from the national highway, approximately 3 hours drive from Johannesburg. There is good access to water and a local labour force is available in the nearby town of Mokapane
South Africa is a global leader in renewable energy, and although Zebedelia is near to a power supply from the National Grid, additional power is also available through PPA with independent power producers to produce a mix of renewable and thermal energy.
June 2025: A concise five-minute investor video introducing the Zeb Nickel Project
Oct 2025: URU VP Richard Montjoie discusses the latest developments at the Zeb Nickel Project with Alan Green
View the latest Company presentation here
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