TIDMURAH
RNS Number : 0883E
URA Holdings PLC
28 June 2023
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
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ANNOUNCEMENT.
2014/596/EU (WHICH FORMS PART OF DOMESTIC UK LAW PURSUANT TO THE
EUROPEAN UNION (WITHDRAWAL) ACT 2018) ("UK MAR"). UPON THE
PUBLICATION OF THIS ANNOUNCEMENT, THIS INSIDE INFORMATION (AS
DEFINED IN UK MAR) IS NOW CONSIDERED TO BE IN THE PUBLIC
DOMAIN.
URA Holdings plc
("URA" or the "Company")
Gravelotte Emerald Mine Update
URA Holdings plc, the Main Market listed exploration company
with assets in both the Republic of South Africa and Zambia, is
pleased to announce an operational update for its 74% owned
Gravelotte Emerald Mine ("GEM" or Gravelotte").
Highlights
-- Significant on site work completed as part of preparing for
the restart of mining operations at the Gravelotte Emerald
Mine.
-- The following items have now been completed:
o Upgrade of water supply and water storage capacity available
for processing operations
o Completion of site security upgrades and electrical
fencing
o Establishing, rehabilitating and upgrading of the main haulage
roads between the open pits and processing plant
o Rehabilitating and upgrading of the main electrical
infrastructure
o Approximately 1.5ha of historic gold slimes and tailings have
been rehabilitated
o Management accommodation has been refurbished
o Upgrading of the dewatering and screening circuit#
o Engineering drawings completed to upgrade the existing
processing plant and include an additional crushing and milling
circuit as well as a vibrator to increase throughput.
Edward Nealon, Chairman of URA commented:
"Following the establishment of the first ever JORC resource for
the historic Gravelotte Emerald mine we are now focussing our
activities on preparing for the recommencement of mining and
processing operations. Although we are fortunate to already have
significant historic mine infrastructure in place the
infrastructure still needs to be repaired and upgraded as part of
the restarting of mining and processing operations. I would like to
thank our team on the ground in South Africa for all their hard
work and dedication to get us ever closer to restarting mining
operations on a very tight budget."
Enquiries :
URA Holdings plc +44 (0)746 368 6497
Chief Executive Officer
Bernard Olivier
info@uraholdingsplc.co.uk
Chief Operating Officer
Jeremy Sturgess-Smith
Peterhouse Capital Limited
Corporate Broker
Lucy Williams
Duncan Vasey +44 (0)20 7469 0930
Site Improvements
During the year to date the Company has made significant
progress with upgrading the critical infrastructure at the
Gravelotte Emerald mine in preparation for the restart of mining
and processing activities.
Water storage and availability
The current levels of available water for processing activities
have increased to approximately 14million litres. The total water
storage capacity on site has been upgraded to approximately 20
million litres. Water reclamation infrastructure continues to be
further upgraded in order to ensure maximum recovery once
operations commence.
Security Upgrades
On-site security has now been upgraded with over 10km of
electric fencing around the site perimeter and high risk areas.
Additional fire breaks have also been created and existing fire
breaks have been cleared in preparation for the winter fire
season.
Haulage roads
Approximately 7km of main haulage roads on site as well as the
access road to the part of the open pit where mining is scheduled
to recommence has been rehabilitated, upgraded or established (See
Figure 1)
Rehabilitation of historic disturbance
Approximately 1.5ha of historic gold slimes and tailings have
been rehabilitated. This represents over 50% of the total
rehabilitation requirement.
Electrical infrastructure
Over 80 High voltage electrical poles have either been replaced
or re-treated. An additional 11KV 380V transfer has been installed
and electrical conductors and switch gear has been replaced and
updated (see Figure 2)
Accommodation
Upgrades to accommodation continues and all current staff and
management are now accommodated on site
Processing Plant Upgrades
Upgrades to the dewatering and screening circuit has been
completed (see Figure 3 and 4). Engineering drawings have been
completed to upgrade the existing processing plant and include
vibrating screens as well as an additional crushing and milling
circuit. This will create additional surge and throughput capacity.
The local procurement of suitable high-quality second-hand
equipment and components has commenced.
For the purposes of UK MAR, the person responsible for arranging
the release of this announcement on behalf of URA is Jeremy
Sturgess-Smith, Chief Operating Officer of URA Holdings Plc.
Figure 1. On site road construction in progress
Figure 2. Upgrades to the electrical circuits at the processing
plant.
Figure 3. Installation of the dewatering screen.
Figure 4. View of the completed screening and dewatering circuit
of the processing plant.
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END
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