Appointment of Joint Brokers
24/01/2024 07:00
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RNS Number : 6575A URA Holdings PLC 24 January 2024
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URA Holdings plc
("URA" or the "Company")
Appointment of Joint Brokers
URA Holdings plc, the emerald and strategic minerals company with assets in
both the Republic of South Africa and Zambia whose shares are traded on the
Standard List of the London Stock Exchange, is pleased to announce an
operational update for its Gravelotte Emerald Mine ("GEM" or Gravelotte").
URA Holdings (the "Company") (LSE: URAH), a Gemstone mining company about to
move their flagship Gravelotte Emerald mine into production, are pleased to
announce that Capital Plus Partners Ltd and CMC Markets UK Plc ("CMC") have
been appointed as the Company's joint UK brokers with immediate effect.
Edward Nealon, Chairman of URA, commented: "As URA evolves from an exploration
and development Company into an emerald producer, we are embarking on a
transformative chapter. As part of this transformation and to enhance our
market presence and deepen our engagement in the secondary market we are
delighted to announce the appointment of Capital Plus Partners and CMC as
joint brokers, alongside Peterhouse Capital."
The Directors of the Company take responsibility for this announcement.
Enquiries:
URA Holdings plc +44 (0)746 368 6497
Chief Executive Officer
Bernard Olivier
Director
Peter Redmond
Chief Operating Officer
Jeremy Sturgess-Smith
info@uraholdingsplc.co.uk (about:blank)
Peterhouse Capital Limited +44 (0)20 7469 0930
Joint Corporate Broker
Lucy Williams
Duncan Vasey
Capital Plus Partners
Joint Corporate Broker
Keith Swann
Jon +44 (0)203 821 6169
Critchley
+44 (0)203 821 6168
CMC Markets
Joint Corporate Broker
Douglas Crippen +44 (0)20 3003 8632
About URA Holdings Plc
URA Holdings Plc is focusing on restarting the Gravelotte Emerald Mine, also
known as the Cobra Emerald Mine, located in the Limpopo Province of South
Africa.
Below is a summary highlighting its key aspects:
Historical Significance and Production:
Operational History: Active from 1929 to 2002, historically one of the world's
largest emerald mines.
Historical Production: Produced nearly 113 million carats of emeralds, making
a substantial contribution to the global emerald market.
Resource Estimates and Potential:
Maiden Mineral JORC Resource Estimate: URA Holdings established an independent
JORC Resource estimate of 29 million carats of contained emerald in two
open-pit deposits.
Additional JORC Exploration Targets: Identified 12 exploration targets, with
potential ranging between 168 million and 344 million carats.
Current Status and Plans:
Infrastructure and Readiness: The mine comes with existing infrastructure,
recently refurbished and upgraded in preparation for the restart of mining
operations.
Strategic Plans: URA aims to restart mining operations, utilizing modern
technologies and practices during H1 2024.
Market and Economic Considerations:
Global Emerald Market: Steady growth in demand for luxury goods, including
high-quality gemstones.
Demand: Increased interest in coloured gemstones, including emeralds and
sustainable, ethically sourced minerals.
For more information about URA Holdings Plc, including investor relations and
corporate news, please visit our website at www.uraholdingsplc.co.uk
(http://www.uraholdingsplc.co.uk) or follow us through our social media
channel:
X(formally known as Twitter): @ura_plc
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