RCS - URA Holdings PLC - Operational Update

URA HoldingsAnnouncement

19/02/2024 07:00

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RNS Number : 4988D  URA Holdings PLC  19 February 2024

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URA Holdings plc

("URA" or the "Company")

 

Operational Update

URA Holdings (LSE: URAH), the gemstone mining company focused on the imminent
move into the production phase of the Gravelotte Emerald Mine ("GEM"), is
pleased to announce further progress for the planned restart of GEM.

 

In preparation for the commissioning and start of processing operations the
Company has now amassed an available stockpile of approximately 2,500 tonnes
of ore. The stockpile material was extracted from the nearby Cobra Pit and is
currently held outside the processing plant ready for processing. Additional
emerald bearing ore from the Discovery pit will be added to the stockpile feed
material over the coming weeks.

 

The installation of essential components of the optical sorter, including feed
bins, conveyor belts, compressors, and vibrating motors is underway, marking
substantial progress in the setup of the optical sorter infrastructure. In the
near future, Angelon's technicians from China will join GEM's team  on-site
to supervise and kickstart the commissioning phase of the optical sorter, a
pivotal step in our journey towards production.

 

 

Bernard Olivier, CEO of URA, states: "Our team is making continued progress
towards the commissioning phase of both the processing plant and the optical
sorter. With a substantial ore stockpile ready for processing and the optical
sorter's components being systematically assembled, we remain on-track with
the commission and restart of mining and processing operations on schedule.

 

 

 

Figure 1.  Ore material stockpiled at the processing plant in preparation for
commissioning.

 

 

Figure 2. The URA team busy assembling the sorting circuit.

 

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 is focused on restarting the Gravelotte Emerald Mine. URA Holdings is
committed to sustainable and efficient mining practices, utilising modern
technology to revive one of the world's historically significant emerald
mines.

 

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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