REG - URA Holdings PLC - Commission of Processing and Sorting Plants begins

URA HoldingsAnnouncement

25/03/2024 07:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20240325:nRSY0281Ia&default-theme=true

RNS Number : 0281I  URA Holdings PLC  25 March 2024

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR
INDIRECTLY, IN OR INTO OR FROM THE UNITED STATES, AUSTRALIA, CANADA, JAPAN,
THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO
DISTRIBUTE THIS ANNOUNCEMENT.

 

 

 

URA Holdings plc

("URA" or the "Company")

 

Commission of Processing and Sorting Plants begins

URA Holdings plc (LSE: URAH), the gemstone mining company currently focused on
the restart of production at the Gravelotte Emerald Mine ("GEM"), is pleased
to announce that its operations have now entered the commissioning phase,
targeting first production before the end of April 2024.

 

 Highlights

 

·    Practical completion of the priority systems at the Gravelottle
processing and sorting plant, allowing the commissioning phase to commence.

 

·      Phased Emerald production expected to commence before the end of
April 2024

 

·   Sufficient ore feed tonnes are now readily accessible on the
run-of-mine (ROM) pads for both commissioning and first production with a
total available ROM stockpile now exceeding 3,000 tonnes

 

·      Mechanical equipment pre-operational testing is also currently in
progress

 

·    Technical Team from the manufactures of the optical sorter (Angelon
Electronics Co Ltd) are on site actively working to achieving final assembly
and commissioning of the optical sorter on schedule

 

 

Bernard Olivier, CEO of URA, commented: "We are pleased to report that we are
on track to first production before the end of April and the start of
commission of the processing and sorting plant is a significant final step in
achieving this objective. Operational readiness and the transition to daily
operations is a key part of this phase as we look not only to first emerald
production but also towards ramping up production with a view to achieve first
sales from the historic emerald mine for over 20 years."

 

 

 

 

 

Figure 1.  The commissioning of the processing plant in progress.

 

Figure 2. Angelon technical expert busy with the commissioning of the optical
sorter.

 

 

 

 

 

 

 

 

 

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

 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

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  MSCBLGDXGBDDGSD