Appointment of ACA Howe
24/05/2022 07:00
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RNS Number : 5182M URA Holdings PLC 24 May 2022
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URA Holdings plc
Commissioning of Competent Person's Report
URA Holdings Plc ("URA" or "the Company") are pleased to announce that ACA
Howe ( (about%3Ablank) http://www.acahoweinternational.com/
(http://www.acahoweinternational.com/) ) have been commissioned to prepare a
Competent Persons Report ("CPR") on the mineral potential, particularly with
respect to emeralds, at the Gravelotte Emerald Mine ("GEM") property in South
Africa. It is anticipated that this assessment will include the reporting of
Mineral Resources and/or Exploration Targets in compliance with the JORC code
(2012).
The UK office of ACA Howe International has a 40 year track record of
providing high quality, independent geological, mining and metallurgical
consultancy services to the mineral exploration and mining industry and have
recently completed an initial site visit to the Gravelotte mine ahead of
commencing the work on the CPR. The UK office of ACA Howe International has
successfully completed over 900 assignments in 75 countries,
including exploration, resource estimation, mining engineering and
metallurgical consulting on projects in Africa, Asia, Australasia, Europe,
North America, and South and Central America.
Bernard Olivier, Chief Executive Officer of URA commented: "We are pleased to
announce the engagement of ACA Howe following a recent site visit by them to
URA's Gravelotte Emerald Mine ("GEM") in South Africa. ACA Howe has
significant coloured gemstone experience including emeralds. They have been
involved with various emerald projects globally, including consulting for
Gemfields Group Limited (LSE:GEM), owner of the Kagem mine in Zambia, the
world's largest producer of emeralds. We look forward to reporting the results
of their study to the market in due course."
Background Information
· The Gravelotte emerald mine ("Gravelotte") is historically one of the
largest emerald mines in the world and was operational from 1929 to 2002 with:
o Total recorded historical emerald production from Gravelotte of nearly 113
million carats
o Largest emerald mine in the world during the 1960's employing over 400
emerald sorters alone
· Gravelotte was acquired by URA Holdings plc in March 2022 for
£100,000 of ordinary shares of URA to be issued at the mid-market closing
price on the date the SPA is signed ("the Consideration Shares") and
additional consideration of AUD200,000.00 (approx. £123,000) in cash for each
5,000,000 carats of emeralds produced by Gravelotte up to maximum aggregate
amount of AUD2,000,000 (approx. £1,230,000) as a production royalty. For
further details on the transaction please click on the link below: (
(about%3Ablank)
https://secureservercdn.net/160.153.137.128/9gd.c8d.myftpupload.com/wp-content/uploads/2022/05/24032022-URA-purchases-Historic-Gravelotte-Emerald-Mine.pdf
(https://secureservercdn.net/160.153.137.128/9gd.c8d.myftpupload.com/wp-content/uploads/2022/05/24032022-URA-purchases-Historic-Gravelotte-Emerald-Mine.pdf)
)
URA Holdings plc +44 (0)746 368 6497
CEO
Bernard Olivier
COO
Jeremy Sturgess-Smith
info@uraholdingsplc.co.uk (about%3Ablank)
Peterhouse Capital Limited +44 (0)20 7469 0930
Corporate Broker
Lucy Williams
Duncan Vasey
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