URA Holdings PLC Appointment of ACA Howe (5182M)
24 5월 2022 - 3:01PM
UK Regulatory
TIDMURAH
RNS Number : 5182M
URA Holdings PLC
24 May 2022
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ANNOUNCEMENT.
URA Holdings plc
Commissioning of Competent Person's Report
URA Holdings Plc ("URA" or "the Company") are pleased to
announce that ACA Howe ( 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
GBP100,000 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.
GBP123,000) in cash for each 5,000,000 carats of emeralds produced
by Gravelotte up to maximum aggregate amount of AUD2,000,000
(approx. GBP1,230,000) as a production royalty. For further details
on the transaction please click on the link below: (
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
info@uraholdingsplc.co.uk
COO
Jeremy Sturgess-Smith
Peterhouse Capital Limited
Corporate Broker
Lucy Williams
Duncan Vasey +44 (0)20 7469 0930
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