Gravelotte Emerald Mine Sales Update
17/09/2024 08:00
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RNS Number : 3799E URA Holdings PLC 17 September 2024
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URA Holdings plc
("URA" or the "Company")
Gravelotte Emerald Mine Sales Update
URA (LSE: URAH), the gemstone mining company, announces a sales update for the
Gravelotte Emerald Mine ("GEM") following the commencement of phased
production in the second quarter of 2024.
The small first trial sale, initially scheduled for September as part of a far
larger auction to be conducted by Bonas Group, has been postponed due to
export delays to Thailand. The trial sale will be rescheduled to coincide with
the next independent Emerald Auction conducted by Bonas, at which time an
additional quantity of Gravelotte emeralds would be available for sale. A
total of approximately 45,000 carats were exported from South Africa to
Bangkok in two batches in preparation for the first trial sale. The
exportation and clearance of one of the two parcels was delayed, resulting in
the postponement of the first trial sale. Once the second batch is cleared,
both parcels will be securely stored at Bonas's facilities in Bangkok, and the
Company will continue to add emerald production to the material.
Ed Nealon, Chairman of URA, stated: "Despite the delay in the trial sale, we
are continuing to produce material from the Gravelotte mine and building our
stockpile of material in preparation for our first sale at a later date. We
are making good progress with work at the Curlew mine in preparation for the
commencement of phased production and will update the market shortly on our
progress."
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%3Ablank)
Peterhouse Capital Limited +44 (0)20 7469 0930
Joint Corporate Broker
Lucy Williams
Duncan Vasey
Capital Plus Partners
Joint Corporate Broker
Keith Swann +44 (0)203 821 6169
Jon +44 (0)203 821 6168
Critchley
CMC Markets
Joint Corporate Broker +44 (0)20 3003 8632
Douglas Crippen
About URA Holdings Plc
URA Holdings is an emerging emerald producer, focusing on the Gravelotte
Emerald Mine (GEM). Historically, GEM is one of the world's largest emerald
mines, located in South Africa. URA Holdings is committed to sustainable and
efficient mining practices, utilizing modern technology to revive this
historically significant emerald mine. Recently, URA acquired the Curlew
Emerald Mine in Australia, further expanding its emerald mining operations and
assets.
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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