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#URU URU Metals LTD – Ground Survey Refine Additional Zeb Nickel Targets
URU Metals Limited is pleased to provide a further update from the recently completed ground geophysics programme at the Zeb Nickel Project in Limpopo, South Africa.
Following the confirmation of Target 1 as the Company’s priority follow-up target, the final interpretation of the ground survey data over Target 2 has refined additional targets within the broader Zeb Nickel feeder system.
Target 2 was selected as one of the priority airborne electromagnetic targets for ground follow-up. The objective of the ground programme was to determine whether the airborne targets could be confirmed from surface, to improve target definition, and to assist the Company in ranking targets ahead of the next phase of drilling.
The Target 2 results show a more complex picture that target 1 with the ground surveys also confirming underlying magnetic bodies associated with both the northern and southern Target 2 areas.
The Company considers Target 2 to remain of geological interest, but as a secondary follow-up area behind Target 1. The results will now be incorporated into the Company’s 3D geological model and ranked against the wider target pipeline at Zeb Nickel.
Highlights
· Target 2 remains prospective, but is now considered a secondary follow-up target behind Target 1.
· Independent magnetic bodies are present in both the northern and southern Target 2 areas.
· The southern Target 2 anomaly is weaker, but remains of interest due to its magnetic response and weak ground electromagnetic response.
· Target 2 lies within the broader interpreted feeder system at Zeb Nickel, which the Company considers prospective for higher-grade nickel-copper-PGE sulphide mineralisation.
· The results help the Company separate the cleanest drill targets from more complex targets, improving the discipline and focus of future drill planning.
· The next phase of drilling will remain flexible and will be designed to test the best-ranked targets across the Project.
Target 2 – Additional Follow-Up Targets Refined
Target 2 was originally identified from the airborne Spectrem electromagnetic survey flown in 2025. The ground survey work has now provided a clearer understanding of the target area.
The airborne magnetic data indicates that there are still distinct magnetic bodies below surface in both the northern and southern Target 2 areas. These features may represent ultramafic rocks or related geological bodies within the broader feeder system.
The Company will therefore treat Target 2 as a follow-up area rather than a primary target. Further work may include refined modelling, ground checking and possible scout drilling, depending on how Target 2 ranks against Target 1 and other targets across the Project.
Way Forward
The Company will now integrate the Target 1 results into the Zeb Nickel 3D geological model and use the updated model to rank drill targets across the Project.
The next phase of drilling will remain flexible and will be designed to test the best-ranked targets across the Project. This may include both Platreef-style nickel-copper-PGE targets and higher-grade massive sulphide targets associated with the interpreted feeder system. Final drill-hole locations, depths and sequencing will be determined after the new ground geophysical data has been integrated into the Company’s 3D geological model.
This approach is consistent with the Company’s stated work programme, which includes updating the Leapfrog 3D model, defining the number and position of drill holes, planning Ni-Cu-PGE resource drilling in Zone 2, testing high-grade nickel targets in Zone 3 and drilling overlapping conductor and density anomalies.
Final drill-hole locations, depths and sequencing will be determined after completion of target ranking, land access planning and contractor engagement.
The Company is in the process of sourcing and finalising drill contractors and looks forward to updating the market in due course once the contractor has been finalised.
Figure 1: Maps showing the ground-based frequency-domain electromagnetic results for the two target areas overlaid on the interpreted geological map. The results align well with the results from the airborne data and provide higher resolution compared to the airborne Spectrem electromagnetic survey.
Exploration Manager Comment
Richard Montjoie, Exploration Manager of URU Metals, commented:
“The Target 2 results are important because they help us better understand and rank the wider target pipeline at Zeb Nickel. This target is more complex than Target 1 however, the presence of underlying magnetic bodies means the area remains geologically interesting and will warrant follow-up testing.
This is why the Company carried out the ground survey programme before drilling. The work has helped us reduce uncertainty, rank the targets and focus future capital on the strongest opportunities.
Our broader exploration model remains unchanged. Zeb Nickel contains a large, underexplored feeder system, and previous drilling has already confirmed higher-grade sulphide mineralisation within this setting. The next step is to integrate the new data into our 3D model and design a flexible, staged drill programme focused on the best-ranked targets across the Project.”
About the Company
URU Metals is a mineral exploration and development company focused on advancing high-potential critical metals projects in South Africa. The Company is committed to creating sustainable value through responsible mining practices, regulatory compliance, and active stakeholder engagement. For more information, visit www.urumetals.com
Competent Person Statement
The technical information contained in this announcement has been reviewed by Richard Montjoie, Exploration Manager of URU Metals Limited. Mr Montjoie is a registered member of the South African Council for Natural Scientific Professions, membership number 400131/09. Mr Montjoie holds an M.Sc. in Economic Geology from the University of the Witwatersrand, South Africa, and is a Fellow of the Geological Society of South Africa. Mr Montjoie is not independent of the Company.
Market Abuse Regulation (MAR) Disclosure
This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014 as it forms part of United Kingdom domestic law by virtue of the European Union (Withdrawal) Act 2018 (“UK MAR”). Upon the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.
For further information, please contact:
URU Metals Limited
John Zorbas
(Chief Executive Officer)
+1 416 504 3978
SP Angel Corporate Finance LLP
(Nominated Adviser and Broker)
Ewan Leggat / Caroline Rowe + 44 (0) 203 470 0470
Axis Capital Markets Limited (Joint Broker)
Richard Hutchison
+44 (0) 203 026 0320
#URU URU Metals Limited – Priority Drill Target within Zeb Nickel
Ground Surveys Confirm Priority Drill Target within Zeb Nickel Conduit System
URU Metals Limited is pleased to announce that final interpretation of the recently completed ground geophysics programme has confirmed Target 1 as the Company’s priority drill target at the Zeb Nickel Project in Limpopo, South Africa.
Target 1 was originally identified from the Company’s airborne Spectrem electromagnetic survey flown in 2025. The new ground survey work was designed to check whether the airborne target could be seen clearly from surface and to help define where future drill holes should be placed.
The results have now confirmed that Target 1 is a strong and coherent target. Importantly, the target is supported by more than one type of geophysical response, including an electrical response, a gravity response and an associated magnetic feature. In simple terms, the surveys indicate a body below surface that is conductive, relatively dense and geologically distinct. These are features which may be consistent with sulphide-bearing ultramafic rocks.
The Company considers Target 1 particularly important because it lies within the broader interpreted magmatic conduit system at Zeb Nickel. This conduit system, also described as a chonolith-style feeder system, is interpreted to link the Uitloop I and Uitloop II ultramafic bodies and is considered highly prospective for the accumulation of nickel-copper-PGE sulphides. The Company’s geological model identifies this plumbing system as a key exploration focus because metal-rich sulphide liquids can collect where magma pathways narrow, bend or interact with surrounding rocks. This conduit system is framed as an ideal environment for long-lived magmatism, sulphide formation and sulphide accumulation.
This exploration model is supported by previous drilling at the Zeb Nickel Project, where hole Z017 intersected the Company’s best reported Zone 3 semi-massive to massive sulphide nickel intersection of 2.25 m at 1.67% Ni, with associated copper and PGE values. This intersection occurs in the part of the system where the Company interprets the chonolith-style feeder to interact with the Uitloop II body, supporting the view that the conduit margins and interaction zones are priority areas for follow-up drilling.
Highlights
· Target 1 confirmed as the Company’s primary follow-up target from the completed ground geophysics programme.
· Ground electromagnetic survey results successfully confirmed the airborne Spectrem anomaly from surface.
· Ground gravity results indicate that the target area is relatively dense, supporting the interpretation of a potentially significant body below surface.
· Target 1 lies within the Company’s interpreted feeder-system model, which is considered prospective for higher-grade nickel-copper-PGE sulphide mineralisation.
· Previous drilling at Zeb Nickel has already confirmed that semi-massive to massive sulphide mineralisation occurs within the Project area, including drill hole Z017, which intersected 2.25 m at 1.67% Ni.
· The Company will now integrate the Target 1 data into its 3D geological model before finalising drill-hole locations, depths and sequencing.
· The next drilling programme will remain flexible and will be designed to test the best-ranked targets across the Project, including both resource-growth targets and higher-grade sulphide targets.
Target 1 – Ground Surveys Strengthen Drill Case
The Company is exploring a large nickel-bearing intrusive system with several different styles of mineralisation.
In simple terms, the Company is targeting three main opportunities:
1. A large, lower-grade nickel sulphide body already identified by historical drilling. This forms the existing historical nickel resource at Zeb Nickel.
2. Platreef-style nickel-copper-PGE mineralisation, which may occur in deeper or less-tested rock units similar to those mined or being developed elsewhere on the Northern Limb of the Bushveld Complex.
3. Higher-grade semi-massive to massive sulphide mineralisation, which may occur within the feeder system that brought metal-bearing magma into the Zeb Nickel intrusive bodies.
The Company’s current exploration focus is on the third opportunity. This is the higher-grade sulphide target model. In the Company’s geological model, this target style is referred to as Zone 3.
The Company believes that a chonolith-style feeder system links the Uitloop I and Uitloop II ultramafic bodies. A chonolith can be thought of as an irregular underground magma pathway. These feeder systems are important in nickel exploration because they can act as traps where dense, metal-rich sulphide liquids may collect.
This model is supported by previous drilling at Zeb Nickel. Drill hole Z017 intersected 2.25 m at 1.67% Ni in semi-massive to massive sulphide mineralisation, representing the Company’s best reported high-grade sulphide intersection to date. Importantly, this intersection occurs where the interpreted feeder system interacts with the Uitloop II body, supporting the Company’s view that these contact and feeder positions are key areas for future drilling. The Company Deck describes Zone 3 as semi-massive to massive Ni-PGE sulphide mineralisation associated with the Bushveld ultramafic plumbing system interacting with footwall rocks, and identifies Z017 as 2.25 m at 1.67% Ni within this target style.
Target 1 is therefore significant because it provides a new geophysical target within this broader feeder-system model. The ground surveys indicate that Target 1 is conductive and relatively dense, which are the types of features the Company is looking for when searching for sulphide-bearing bodies.
Way Forward
The Company will now integrate the Target 1 results into the Zeb Nickel 3D geological model and use the updated model to rank drill targets across the Project.
The next phase of drilling will remain flexible and will be designed to test the best-ranked targets across the Project. This may include both Platreef-style nickel-copper-PGE targets and higher-grade massive sulphide targets associated with the interpreted feeder system. Final drill-hole locations, depths and sequencing will be determined after the new ground geophysical data has been integrated into the Company’s 3D geological model.
This approach is consistent with the Company’s stated work programme, which includes updating the Leapfrog 3D model, defining the number and position of drill holes, planning Ni-Cu-PGE resource drilling in Zone 2, testing high-grade nickel targets in Zone 3 and drilling overlapping conductor and density anomalies.
Final drill-hole locations, depths and sequencing will be determined after completion of target ranking, land access planning and contractor engagement. We are currently busy with a process enabling us to select and finalise drill contractors.
CEO Comment
John Zorbas, Chief Executive Officer of URU Metals, commented:
“The ground survey results have confirmed Target 1 as a clear priority for the next stage of work at Zeb Nickel. The important point for shareholders is that this is not just an isolated geophysical anomaly. Target 1 sits within our broader feeder-system model, which we believe is one of the most prospective settings on the Project for higher-grade nickel-copper-PGE sulphide mineralisation.
Previous drilling has already shown that semi-massive to massive sulphides occur at Zeb Nickel, including the Z017 intersection of 2.25 m at 1.67% nickel. Our objective now is to use the new ground survey data, together with our 3D geological model, to target the best parts of this system.
Target 1 is now a priority, but we will retain flexibility in the next drill programme. The final programme will be designed to test the strongest combination of geology, geophysics and historical drilling across the Project in order to maximise value add to shareholders at the lowest risk.”
Figure 1: Maps showing the ground-based frequency-domain electromagnetic results for the two target areas overlaid on the interpreted geological map. The results align well with the results from the airborne data and provide higher resolution compared to the airborne Spectrem electromagnetic survey.
Figure 2: Maps showing the Zeb Nickel Project area and the geophysical targets adjacent to the Ivanplats “Platreef Mine,” which is expected to become one of the largest underground platinum mines globally once in full production.
About the Company
URU Metals is a mineral exploration and development company focused on advancing high-potential critical metals projects in South Africa. The Company is committed to creating sustainable value through responsible mining practices, regulatory compliance, and active stakeholder engagement. For more information, visit www.urumetals.com
Competent Person Statement
The technical information contained in this announcement has been reviewed by Richard Montjoie, Exploration Manager of URU Metals Limited. Mr Montjoie is a registered member of the South African Council for Natural Scientific Professions, membership number 400131/09. Mr Montjoie holds an M.Sc. in Economic Geology from the University of the Witwatersrand, South Africa, and is a Fellow of the Geological Society of South Africa. Mr Montjoie is not independent of the Company.
Market Abuse Regulation (MAR) Disclosure
This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014 as it forms part of United Kingdom domestic law by virtue of the European Union (Withdrawal) Act 2018 (“UK MAR”). Upon the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.
For further information, please contact:
URU Metals Limited
John Zorbas
(Chief Executive Officer)
+1 416 504 3978
SP Angel Corporate Finance LLP
(Nominated Adviser and Broker)
Ewan Leggat / Caroline Rowe + 44 (0) 203 470 0470
Axis Capital Markets Limited (Joint Broker)
Richard Hutchison
+44 (0) 203 026 0320
#URU URU Metals LTD – Completion of Ground-Based Electromagnetic Survey
URU Metals Limited (“URU” or the “Company”) is pleased to announce that the fieldwork component of the ground-based frequency-domain electromagnetic (“FDEM”) survey at the Zeb Nickel Project (“Project”) has now been completed.
The survey forms part of the Company’s ongoing geophysical programme designed to refine and prioritise drill targets associated with the interpreted magmatic conduit system and potential semi-massive to massive nickel sulphide mineralisation.
The Company is now awaiting the final processing, interpretation, and integration of the ground-based gravity and FDEM data with the previously completed airborne gravity, magnetic, and Spectrem electromagnetic datasets.
The combined interpretation is expected to:
· Further refine conductive and dense anomaly targets;
· Improve understanding of the geometry and continuity of prospective mineralised zones;
· Identify and prioritise the most prospective locations for the upcoming drilling programme.
The final interpretation will include recommendations on the highest-priority drill targets based on the combined airborne and ground-based geophysical datasets.
CEO John Zorbas commented:
“We are pleased to have completed the ground-based FDEM survey, marking another important milestone in the advancement of the Zeb Nickel Project. The integration of the ground-based gravity and FDEM results with the airborne datasets is expected to significantly enhance our understanding of the identified anomalies and help define the best locations for drill testing.”
“We are very excited about the progress being made and are looking forward to the upcoming drilling campaign. We will continue to update shareholders as the final interpretations are completed and drill targets are prioritised.”
About the Company
URU Metals is a mineral exploration and development company focused on advancing high-potential critical metals projects in South Africa. The Company is committed to creating sustainable value through responsible mining practices, regulatory compliance, and active stakeholder engagement. For more information, visit www.urumetals.com
For further information, please contact:
URU Metals Limited
John Zorbas
(Chief Executive Officer)
+1 416 504 3978
SP Angel Corporate Finance LLP
(Nominated Adviser and Broker)
Ewan Leggat / Caroline Rowe + 44 (0) 203 470 0470
#URU URU Metals PLC – Commencement: Ground-Based Electromagnetic Survey
URU Metals Limited (“URU” or the “Company”) is pleased to announce the commencement of the ground-based frequency-domain electromagnetic (“FDEM”) survey at the Zeb Nickel Project (“Project”).
The FDEM survey follows the successful completion of the ground-based gravity survey and forms a key component of the Company’s ongoing geophysical programme aimed at refining and prioritising drill targets identified from the previously completed airborne surveys.
Ground-Based Electromagnetic Survey
The ground-based FDEM survey will be conducted over the previously defined priority target areas and is designed to further investigate the conductive anomalies identified from the Spectrem airborne electromagnetic survey.
The survey will utilise frequency-domain electromagnetic methods, which are capable of detecting and mapping subsurface conductive bodies at a higher spatial resolution than airborne systems.
Purpose and Benefits
While the airborne geophysical programme successfully identified several compelling coincident gravity-magnetic-electromagnetic anomalies and confirmed the presence of a magmatic conduit system, the ground-based FDEM survey provides:
· Higher-resolution definition of conductive bodies
· Improved discrimination between sulphide mineralisation and lithological conductors
· Enhanced understanding of the geometry, depth, and continuity of EM anomalies
· Greater confidence in prioritising drill targets
The survey is specifically designed to better delineate conductive zones that may represent semi-massive to massive nickel sulphide mineralisation, particularly where coincident with dense gravity anomalies identified in the recently completed gravity survey.
The integration of the FDEM results with the gravity and magnetic datasets is expected to significantly improve target definition and maximise the effectiveness of the Company’s upcoming drilling campaign.
Figure 1: Maps showing the Zeb Nickel Project area, the results of the gravity survey, and the planned EM survey areas over the same geophysical targets adjacent to the Ivanplats ‘Platreef Mine,’ which is expected to become the largest underground platinum mines globally once in full production. The ground-based gravity results correlate well with the airborne gravity, magnetic, and electromagnetic datasets and provide significantly higher resolution. The upcoming ground-based EM survey is intended to determine whether the identified gravity anomalies are conductive, which may indicate the presence of semi-massive to massive sulphide mineralisation.
Request for Quotations
URU is also currently preparing the Request for Quotation documentation for the selection of a drilling contractor. The Company looks forward to updating the market once the contractor selection process has been completed and a preferred contractor has been appointed.
CEO John Zorbas commented:
“The commencement of the ground-based electromagnetic survey marks another important step in advancing the Zeb Nickel Project. Following the encouraging results from the gravity survey, this next phase will allow us to further refine the conductive anomalies and better understand their potential to host semi-massive to massive nickel sulphide mineralisation.
“We are very excited about the progress being made and look forward to the coming weeks as the FDEM survey progresses. We will continue to provide shareholders with regular updates as results are received and interpreted, further strengthening our pipeline of high-quality drill targets.”
About the Company
URU Metals is a mineral exploration and development company focused on advancing high-potential critical metals projects in South Africa. The Company is committed to creating sustainable value through responsible mining practices, regulatory compliance, and active stakeholder engagement. For more information, visit www.urumetals.com
For further information, please contact:
URU Metals Limited
John Zorbas
(Chief Executive Officer)
+1 416 504 3978
SP Angel Corporate Finance LLP
(Nominated Adviser and Broker)
Ewan Leggat / Caroline Rowe + 44 (0) 203 470 0470
#URU URU Metals Ltd – Completion of Gravity Survey
URU Metals Limited (“URU” or the “Company”) is pleased to announce the completion of the ground-based gravity survey over priority targets at the Zeb Nickel Project, with results demonstrating strong correlation with previously identified airborne electromagnetic and magnetic anomalies.
Gravity Survey Programme
The gravity survey was completed over Targets 1 and 2, previously identified as the highest-priority anomalies from the Spectrem airborne electromagnetic survey. The programme was conducted on a 50 m x 50 m grid using high-precision CG5 gravimeters, with data quality reported as ‘very good’ following full Bouguer correction and processing.
The objective of the ground-based gravity survey was to enhance the resolution of the airborne datasets and improve the definition of potential drill targets associated with semi-massive nickel sulphide mineralisation.
Gravity Results
The results of the gravity survey are highly encouraging and provide improved confidence in the geological interpretation:
Target 1
· The Spectrem electromagnetic anomaly correlates closely with a residual gravity high, confirming that the target is both conductive and relatively dense.
· The gravity anomaly extends beyond the electromagnetic (“EM”) footprint, suggesting the presence of dense ultramafic rocks and/or sulphide accumulation zones.
· This strong coincidence of conductivity and density is considered highly prospective for nickel sulphide mineralisation.
Target 2
· A weak but distinct gravity high (~0.1 mGal) coincides with the southern portion of the northern EM anomaly.
· This gravity feature also aligns well with a first vertical derivative (1VD) magnetic anomaly, reinforcing the validity of the target.
· While the response may represent a dense ultramafic unit such as a harzburgite pulse, the combined conductive, dense, and magnetic signature is also consistent with potential sulphide mineralisation.
Figure 1: Maps showing the ground-based gravity results for the two target areas overlain on a mapped and interpreted geological map. The results align well with the results from the airborne data and provide higher resolution compared to the airborne gravity survey.
Interpretation and Next Steps
The ground-based gravity results align closely with the airborne datasets but provide a significantly higher level of resolution, allowing for better definition of anomaly geometry and depth.
These results:
· Confirm the presence of coincident conductive and dense targets
· Improve confidence in the interpreted magmatic conduit system
· Provide a stronger technical basis for drill targeting
The frequency-domain electromagnetic survey is expected to commence shortly, which will further refine the conductive responses and support final drill target prioritisation.
The Zeb Nickel Project is strategically located on the Northern Limb of the Bushveld Complex, adjacent to the Ivanplats Platreef Project, which is expected to become one of the largest underground platinum group metal operations globally once fully operational.
Figure 2: Maps showing the Zeb Nickel Project area and the geophysical targets adjacent to the Ivanplats “Platreef Mine,” which is expected to become one of the largest underground platinum mines globally once in full production.
CEO John Zorbas commented:
“We are very encouraged by the results of the ground-based gravity survey, which show strong correlation with the airborne electromagnetic and magnetic datasets. The improved resolution of the ground survey provides greater confidence in the interpretation of these anomalies and enhances our ability to focus on the most prospective semi-massive and massive nickel sulphide targets.
“The responses observed at Targets 1 and 2 are particularly compelling, displaying the coincident conductive and dense signatures often associated with sulphide mineralisation. With the EM survey set to commence shortly, we look forward to further refining these targets ahead of drilling.
“We are very excited about the progress being made and the momentum building at the Zeb Nickel Project. We look forward to the coming weeks and months and will continue to update shareholders regularly as results become available.”
About the Company
URU Metals is a mineral exploration and development company focused on advancing high-potential critical metals projects in South Africa. The Company is committed to creating sustainable value through responsible mining practices, regulatory compliance, and active stakeholder engagement. For more information, visit www.urumetals.com
Market Abuse Regulation (MAR) Disclosure
This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014 as it forms part of United Kingdom domestic law by virtue of the European Union (Withdrawal) Act 2018 (“UK MAR”). Upon the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.
For further information, please contact:
URU Metals Limited
John Zorbas
(Chief Executive Officer)
+1 416 504 3978
SP Angel Corporate Finance LLP
(Nominated Adviser and Broker)
Ewan Leggat / Caroline Rowe / Devik Mehta + 44 (0) 203 470 0470
#URU URU Metals Limited – Release of Updated Corporate Presentation
URU Metals Limited (“URU” or the “Company”) is pleased to announce that a new corporate presentation for the Zeb Nickel Project is now available on the Company’s website at: https://urumetals.com/ and viewable via the link:
http://www.rns-pdf.londonstockexchange.com/rns/7186K_1-2025-12-8.pdf
Corporate Presentation Highlights:
• Confirmation of a magmatic conduit system linking the Uitloop intrusions.
• Identification of seven high-priority drill targets supported by coincident gravity-magnetic-electromagnetic anomalies.
• A refined geological model and updated cross-section defining the Project’s stacked mineralised zones and extended potential.
• Recognition of untested nickel-rich horizons that were not intersected in historical drilling.
• Strengthened evidence for Platreef-style Ni-Cu-PGE mineralisation within Zone 2.
The updated presentation provides enhanced detail on the Project following the integration of the final airborne geophysical results (gravity, magnetic and Spectrem electromagnetics), together with an updated geological model and revised schematic cross-section. These updates collectively improve the understanding of the Project’s nickel sulphide potential and significantly refine the technical foundation for the next phase of exploration.
The data highlights a magmatic conduit system linking the Uitloop ultramafic bodies and defines multiple high-priority drill targets, several of which are supported by coincident gravity-magnetic-electromagnetic anomalies and remain untested. The presentation also outlines the Project’s exploration strategy, geological interpretation updates, and the upcoming work programme designed to unlock further resource potential.
CEO John Zorbas commented:
“We are very pleased to release this updated presentation, which consolidates two years of geological and geophysical work into a comprehensive technical package. The integration of the airborne gravity, magnetic, and EM data materially enhances our understanding of the Zeb Nickel Project and highlights several compelling sulphide targets that have never been drill tested. These results position the Company to advance into the next phase of exploration with greatly increased confidence.”
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URU Metals Limited John Zorbas (Chief Executive Officer)
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+1 416 504 3978
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SP Angel Corporate Finance LLP (Nominated Adviser and Broker) Ewan Leggat / Jen Clarke |
+ 44 (0) 203 470 0470 |
#URU URU Metals Limited – Higher-Grade Nickel Sulphides Confirmed at Zeb
URU Metals Limited (“URU” or the “Company”) is pleased to report assay results and geological interpretations from a two-hole drilling programme at the Zeb Nickel Project in Limpopo, South Africa. Drilled vertically, the holes validate the Zeb geological model, and confirms the presence of thicker, higher-grade nickel-copper-PGE (“Ni-Cu-PGE”) horizons beneath the historic open-pit resource and demonstrates that mineralisation remains open both along strike and at depth.
Key Value Highlights
· Two drillholes plus two deflections completed intersected mineralised material in both Zone 1 and Zone 2.
· Zone 2 Ni-Cu-PGE mineralisation confirmed to be present in a previously untested area beneath Zone 1, confirming the geological model.
· Thicker, higher-grade intervals beneath the historical resource
o Zone 2: up to 2.27 m @ 0.27 % Ni, 0.17 % Cu, 2.27 g/t 3PGE+Au and 4.06 m @ 0.23 % Ni, 0.14 % Cu, 1.36 g/t 3PGE+Au
o Zone 3: up to 0.70 m @ 0.65 % Ni, 0.40 % Cu within a broader 2.73 m @ 0.39 % Ni
· Multiple semi-massive sulphide hits confirm the geological model and strengthen the analogy with world-class feeder conduit systems.
· Mineralisation remains open along strike and at depth, highlighting meaningful scale-up potential for both tonnage and grade.
The Zeb mineral system is divided into four stacked horizons: Zone 1 forms the near-surface, bulk-tonnage nickel-bearing unit of the Lower Uitloop body that underpins the historical Ni resource.
Zone 2, immediately beneath and adjacent to Zone 1, contains Ni-Cu-PGE mineralisation similar to that found at Ivanhoe Mines’s Platreef Mine and Valterra Platinum’s (formally known as Anglo American) Mogalakwena Mining Complex.
Zone 3 is a feeder-style ultramafic chonolith, the geometry of which was recently confirmed in an airborne gravity and magnetic survey.
Zone 4 broadly encompasses areas of gold mineralisation intersected in drillholes.
Two holes (Z031 and Z033) where drilled, both at a vertical angle, and were designed to test the true vertical depth of the mineralised sequences and test for down-dip continuity of Zone 2 beneath Zone 1. Two deflections, Z031D1 and Z031D2, were drilled off Z031. No deflections were drilled off Z033. Boreholes and deflections were drilled using a NQ core diameter size. The locations of these holes are shown in Figure 1 below.
Boreholes Z031 and Z033 successfully intersected Ni and Ni-Cu-PGE mineralisation in Zones 1 and 2 respectively, while Z031 and its deflections also intersected what is interpreted as Zone 3 mineralisation. The assay results confirm the presence of thick, higher-grade Ni-Cu-PGE mineralised intervals of varying grade beneath the historical resource envelope and confirm the continuity of mineralisation in line with previous intersections along strike.
Importantly, the data provides strong evidence that the Ni-Cu-PGE mineralisation in Zone 2 continues below Zone 1 and may fully extend beneath Zone 1, meaning that the area holds increased potential to host a significant Ni-Cu-PGE resource. This is shown in the cross sections in Figure 2 and Figure 3.
The boreholes also intersected Zone 3 semi-massive Ni-PGE sulphide mineralisation, further validating the presence of semi massive to massive sulphides associated with the chonolith and supporting the potential for a large, continuous magmatic system that hosts massive nickel sulphide, targets of which were identified in the recent airborne magnetic and gravity survey.
Highlights of results
Zone 2
· 2.27 m @ 0.27 % Ni, 0.17 % Cu, 2.27 g/t 3PGE+Au
*including 0.77 m @ 0.31 % Ni, 0.18 % Cu, 2.19 g/t 3PGE+Au (346.23 – 348.50 m; Z031D1).
· 4.06 m @ 0.23 % Ni, 0.14 % Cu, 1.36 g/t 3PGE+Au (342.44 – 346.50 m; Z031D0)
*including 1.56 m @ 0.30 % Ni, 0.18 % Cu, 1.72 g/t 3PGE+Au.
Zone 3
· 1.03 m @ 0.60 % Ni, 0.14 % Cu, 0.57 g/t 3PGE+Au (330.97 – 332.00 m; Z031D0).
· 0.70 m @ 0.65 % Ni, 0.40 % Cu, 0.36 g/t 3PGE+Au within 2.73 m @ 0.39 % Ni (338.53 – 341.26 m; Z031D0).
The mineralised zones remain open both along strike and at depth, and the geological model proposes that further down-dip drilling may intersect significantly higher-grade Ni-Cu-PGE mineralisation. This interpretation is supported by analogous mineralisation styles and grades observed at neighbouring world-class deposits, including Ivanhoe Mines’ Platreef Project and Valterra Platinum’s Mogalakwena Mining Complex.
Of particular significance is the consistent intersection of semi-massive sulphide mineralisation associated with Zone 3 in the central part of the Uitloop body, where a potential chonolith structure may link the Uitloop I and II bodies. This is an exciting development, as such a chonolith could host a larger, more continuous sulphide accumulation due to its structural setting and potential to channel enriched magmatic pulses during emplacement and develop a Ni-PGE rich massive sulphide, as discussed in RNS dated 21 May 2025 and 3 June 2025 (https://urumetals.com/index.php/2025/06/03/zeb-nickel-project-3-d-geophysical-modelling/) and (https://urumetals.com/index.php/2025/05/21/zeb-nickel-identifies-high-priority-drill-targets/).
Figure 1: Location of the boreholes overlain on the geological map of the project area. Assay results are from the two boreholes shown in bold (Z031D0 and Z033D0), while the other labelled boreholes are included in the cross-sections shown in Figure 2 below.
Table 1: Newly reported Assay Results from Z031 and Z032
*3PGE+Au equals platinum + palladium + rhodium + gold by fire assay with ICP-AES Finish;
^Total Ni assay by complete digestion, representing the silicate and sulfide portion of Ni;
Additional drilling is required to determine true thickness;
“Depth From”, “Depth To” and “Sample Thickness” reported are depths from surface down the drill hole.
Figure 2: Cross-section along lines A – C demonstrating the continuity of Ni-Cu-PGE mineralisation within Zone 2 beneath the Lower Uitloop body.
Figure 3: Cross-section along lines A – B demonstrating the continuity of Ni-Cu-PGE mineralisation within Zone 2 beneath the Lower Uitloop body. The central portion of the section highlights consistent intersections of semi-massive Ni-PGE mineralisation. Notably, historical boreholes Z03 and Z017 were terminated prematurely, before intersecting the full extent of the Ni-Cu-PGE mineralised package.
Photographs of the sulphide mineralisation are shown in Figure 4, which demonstrates that the mineralising systems are working in line with the geological model and that the area holds significant potential for further Ni-Cu-PGE mineralisation.
Figure 4: The photographs illustrate examples of blebby to semi-massive sulphide mineralisation intersected during the recent drilling program. (A) and (B) show coarse blebby sulphides composed of pyrrhotite, pentlandite, and chalcopyrite from borehole Z031D0. (C) displays a semi-massive, net-textured sulphide zone dominated by the same sulphide assemblage, with an assay grade of 0.59 g/t 3PGE+Au and 1.00% Ni over a 0.56 m interval.
John Zorbas, CEO, commented:
“These results validate our geological model and confirm that Zeb Nickel has the scale and grade to become a significant critical-metal asset. With mineralisation open in multiple directions, and several exciting targets identified from the recent airborne magnetic and gravity survey, we are as excited as ever about the growth runway ahead and look forward to updating the market on further exploration plans.”
Qualified Person and Quality Control/Quality Assurance
Richard Montjoie has supervised the preparation of the scientific and technical information that forms the basis for this news release and has approved the disclosure herein. Mr. Montjoie is not independent of the Company. Mr. Montjoie is a registered member of the South African Council for Natural Scientific Professions (SACNASP) membership number 400131/09. Mr. Montjoie holds a M.Sc. Honors in Economic Geology from the University of Witwatersrand, South Africa, and is fellow of the Geological Society of South Africa (GSSA).
The analytical work reported on herein was performed by SGS South Africa Proprietary Limited, based in Mokopane, Rustenburg and Randfontein, South Africa, an internationally recognized analytical services provider. Samples are analysed for Ni using a nitric acid leach and sodium peroxide fusion, followed by an ICP-AES finish; and Au, Pt, Pd by Fire Assay followed by an ICP-OES finish; and for Rh using palladium collection followed by ICP-OES finish.
About the Company
URU Metals is a mineral exploration and development company focused on advancing its high-potential critical metals projects in South Africa. The Company is committed to creating sustainable value through responsible mining practices, regulatory compliance, and engagement with stakeholders. For more information, visit www.urumetals.com.
Market Abuse Regulation (MAR) Disclosure
This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 (“MAR”), and is disclosed in accordance with the Company’s obligations under Article 17 of MAR.
For further information, please contact:
URU Metals Limited
John Zorbas
(Chief Executive Officer)
+1 416 504 3978
SP Angel Corporate Finance LLP
(Nominated Adviser and Broker)
Ewan Leggat / Jen Clarke + 44 (0) 203 470 0470
#URU URU Metals Limited – Institutional Investment to propel Zeb Nickel
URU Metals Limited (“URU” or the “Company”) is pleased to announce that following the recent successes at URU Metals Limited, including significant regulatory and technical milestones, a prominent institutional investor proactively approached the Company to provide a £420,000 investment. This strategic funding will accelerate the next phase of exploration at our flagship Zeb Nickel Project in Limpopo, South Africa, positioning URU to unlock the immense potential of this high-grade nickel sulphide asset.
Key Highlights:
· Gross proceeds of £420,000 (“Institutional Investment”) raised through the issue of 12,000,000 new ordinary shares (“New Ordinary Shares”) at a price of 3.5 pence per New Ordinary Share raised to drive advanced exploration, including airborne electromagnetic surveys, cutting-edge 3D modeling, and precision drill targeting
· Breakthrough 3D geophysical study reveals four high-priority, drill-ready targets, with Target 4 identified as the densest body yet
· Mining Right milestone achieved, aligning with Mining Charter III and reinforcing URU’s strategic position in South Africa’s mining sector
Strategic Use of Proceeds of the Institutional Investment:
· An airborne electromagnetic (AEM) survey to sharpen target precision
· Advanced geophysical interpretation and 3D modeling to integrate EM, gravity, and magnetic data
· A refined geological model to guide high-impact drilling campaigns
· Additional working capital
Unveiling Zeb’s World-Class Potential Recent 3D inversion studies by Geofocus (Pty) Ltd have transformed our understanding of the Zeb Nickel Project, confirming a robust conduit-style sulphide system with striking similarities to globally renowned deposits like the Uitkomst Complex. Key findings include:
· Priority Targets 1 & 2 align with coincident gravity-magnetic anomalies beneath the Uitloop intrusion, signaling potential for massive sulphide deposits
· Target depths extend from 100m to over 800m, revealing untapped subsurface potential far beyond historic drilling
· A vertically stacked feeder-pipe architecture offers a clear, cost-efficient path to significant nickel sulphide discoveries
A defining moment for the Company was the recent Mining Right advancement by Lesego Platinum Uitloop (Pty) Ltd on 25 April 2025 marks a critical step forward, ensuring compliance with Mining Charter III and solidifying URU’s operational foundation. With robust geophysical data and institutional backing, URU is poised to deliver transformative results at Zeb.
Admission and Dealings of the New Ordinary Shares
The New Ordinary Shares will be issued as fully paid and will rank pari passu in all resprects with the existing ordinary shares of the Company, including the right to receive dividends and other distributions declared on or after the date on which they are issued.
Applications will be made to the London Stock Exchange for the New Ordinary Shares to be admitted to trading on AIM at 8.00 a.m. on or around 18 June 2025.
Total Voting Rights
Following the issue of the New Ordinary Shares from the Institutional Investment, the Company’s share capital and total voting rights will comprise of 64,367,275 Ordinary Shares. This Figure of 64,367,275 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company.
John Zorbas, CEO, commented: “The Institutional Investment, initiated by an investor inspired by our recent achievements, marks a turning point for the Company, empowering us to unlock the vast potential of the Zeb Nickel Project. With clear drill targets, regulatory momentum, and advanced geophysical insights, we are on the cusp of defining a world-class nickel sulphide resource. We invite investors to join us on this exciting journey towards a major discovery.”
Market Abuse Regulation (MAR) Disclosure
This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 (“MAR”), and is disclosed in accordance with the Company’s obligations under Article 17 of MAR.
For further information, please contact:
|
URU Metals Limited John Zorbas, CEO
|
+1 416 504 3978
|
|
SP Angel Corporate Finance LLP (Nominated Adviser and Broker) Ewan Leggat / Jen Clarke
|
+ 44 (0) 203 470 0470 |
|
Axis Capital Markets Limited (Joint Broker) Lewis Jones |
+44 (0) 203 0260320 |
#URU URU Metals Limited – Zeb Nickel Identifies High-Priority Drill Targets
URU Metals Limited (“URU” or the “Company”) is pleased to announce the results of an advanced geophysical interpretation over its flagship project in South Africa. The work, conducted by GeoFocus Geophysical Solutions (Pty) Ltd, has identified a series of high-priority drill targets with strong potential to host high-grade nickel-copper-PGE sulphide mineralisation.
The results confirm key elements of Zeb Nickel’s exploration model, pointing toward a conduit-style magmatic sulphide system with striking similarities to the well-known Uitkomst Complex, which is a nickel-producing deposit in South Africa associated with the Bushveld Complex, and formed through the accumulation of dense sulphide minerals at the base of an ultramafic intrusion.
Richard Montjoie, VP Exploration at Zeb Nickel, commented:
“This interpretation marks a significant milestone in the development of the Zeb Project as announced 11 April 2025. The newly identified targets validate our model of a dynamic magmatic plumbing system with potential for sulphide accumulation along feeder conduits and in reactive footwall lithologies. These are precisely the kinds of structural and lithological settings associated with high-grade mineralisation at analogous deposits such as Uitkomst and Platreef. The results provide a clear framework to drill both the known nickel-PGE mineralisation in Zone 2 and test new, high-impact massive sulphide targets in what we define as Zone 3.“
Key Highlights
· Multiple Drill-Ready Targets: Several strong gravity and magnetic anomalies identified beneath and adjacent to the Uitloop I and II intrusions.
· Feeder Zone Confirmed: New data supports a vertically stacked system with a potential conduit linking Uitloop I and II – a key focus for future drilling.
· Target Zones Extend Below Known Mineralisation: Gravity modelling has identified dense zones ~100 to 800 metres below surface, suggesting untested high-grade sulphide potential at depth.
· Untested Offshoots: Magnetic-gravity anomalies up to 1 km from known intrusions suggest additional feeder zones or apophyses – enhancing the district-scale potential.
What is Uitkomst-Style Mineralisation?
The Uitkomst Complex, located in South Africa, is a known nickel-copper-PGE deposit with massive sulphide mineralisation hosted in a tubular ultramafic intrusion emplaced into dolomite and shale. These intrusions act as magma conduits, where heavy sulphide liquids sink and accumulate along the base of the intrusion or at structural traps. This style of mineralisation typically produces high-grade sulphide accumulations containing nickel, copper, cobalt, and platinum group elements (PGEs).
Before mining ceased, the Uitkomst Complex hosted a resource of approximately 3.7 million tonnes grading 2.0-2.5% nickel and 1% copper, with minor cobalt and PGE credits. The overlying disseminated sulphide deposit, known as the Main Mineralised Zone (“MMZ”), was significantly larger, with an estimated resource of ~140 million tonnes at 0.3% nickel and 0.15% copper, also containing minor cobalt and PGM credits.
The Zeb Project exhibits many of these same geological hallmarks:
· A vertically stacked intrusion system
· Reactive footwall rocks (dolomite, shale)
· Evidence of feeder conduits
· Historic intercepts of PGE-Ni-Cu in the footwall
Zeb Nickel’s Zone 2, possibly analogous to the MMZ, has already returned intersections of up to 2 g/t 3E+Au, 0.4% Ni and 0.2% Cu, and the new interpretation adds multiple deeper, denser bodies to test.
The Zone 2 mineralisation is hosted within pyroxenite and ultramafic sills, and appears geologically similar to the Flatreef orebody at Ivanhoe Mines’ Platreef Project, located adjacent to – and down-dip from – the Zeb Project. Flatreef is a flat-lying, high-grade polymetallic deposit formed through sulphide accumulation in broad, reactive sedimentary traps. Like Flatreef, Zeb’s mineralisation appears to be laterally extensive, PGE-rich, and vertically continuous.
As of 2025, Platreef hosts 59 million ounces of precious metals in Indicated Resources and 94 million ounces in Inferred Resources. Once fully developed, Platreef is positioned to become one of the world’s largest and lowest-cost producers of PGEs, delivering over 1 million ounces of 3PGE+Au annually, with major by-product credits from nickel and copper.
Next Steps
These newly defined targets not only confirm the presence of Platreef-style mineralisation in Zone 2, but also highlight the potential for high-grade, conduit-hosted sulphide bodies in Zone 3, analogous to the Uitkomst Complex. This dual geological model enhances Zeb’s prospectivity and will directly inform the upcoming drill strategy, which is designed to test both disseminated and massive sulphide zones.
Immediate next steps include:
· 3D Integration: GeoFocus is providing full 3D magnetic and gravity models for integration into Zeb’s geological database.
· Drill Planning: A list of top-priority targets is being finalised, focused initially on zones with overlapping gravity and magnetic signatures.
About the Company
URU Metals is a mineral exploration and development company focused on advancing its high-potential critical metals projects in South Africa. The Company is committed to creating sustainable value through responsible mining practices, regulatory compliance, and engagement with stakeholders. For more information, visit www.urumetals.com.
Market Abuse Regulation (MAR) Disclosure
This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 (“MAR”), and is disclosed in accordance with the Company’s obligations under Article 17 of MAR.
For further information, please contact:
|
URU Metals Limited John Zorbas (Chief Executive Officer)
|
+1 416 504 3978
|
|
SP Angel Corporate Finance LLP (Nominated Adviser and Broker) Ewan Leggat / Jen Clarke |
+ 44 (0) 203 470 0470 |