REG - URU Metals Limited - Completion of Gravity Survey

URU MetalsAnnouncement

27/04/2026 07:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20260427:nRSa9966Ba&default-theme=true

RNS Number : 9966B  URU Metals Limited  27 April 2026

27 April 2026

URU Metals Limited

("URU" or the "Company")

 

Completion of Gravity Survey and Positive Correlation with Airborne Targets

URU Metals Limited ("URU" or the "Company") is pleased to announce the
completion of the ground-based gravity survey over priority targets at the Zeb
Nickel Project, with results demonstrating strong correlation with previously
identified airborne electromagnetic and magnetic anomalies.

Gravity Survey Programme

The gravity survey was completed over Targets 1 and 2, previously identified
as the highest-priority anomalies from the Spectrem airborne electromagnetic
survey. The programme was conducted on a 50 m x 50 m grid using high-precision
CG5 gravimeters, with data quality reported as 'very good' following full
Bouguer correction and processing.

The objective of the ground-based gravity survey was to enhance the resolution
of the airborne datasets and improve the definition of potential drill targets
associated with semi-massive nickel sulphide mineralisation.

Gravity Results

The results of the gravity survey are highly encouraging and provide improved
confidence in the geological interpretation:

Target 1

·    The Spectrem electromagnetic anomaly correlates closely with a
residual gravity high, confirming that the target is both conductive and
relatively dense.

·    The gravity anomaly extends beyond the electromagnetic ("EM")
footprint, suggesting the presence of dense ultramafic rocks and/or sulphide
accumulation zones.

·    This strong coincidence of conductivity and density is considered
highly prospective for nickel sulphide mineralisation.

Target 2

·    A weak but distinct gravity high (~0.1 mGal) coincides with the
southern portion of the northern EM anomaly.

·    This gravity feature also aligns well with a first vertical
derivative (1VD) magnetic anomaly, reinforcing the validity of the target.

·    While the response may represent a dense ultramafic unit such as a
harzburgite pulse, the combined conductive, dense, and magnetic signature is
also consistent with potential sulphide mineralisation.

Figure 1: Maps showing the ground-based gravity results for the two target
areas overlain on a mapped and interpreted geological map. The results align
well with the results from the airborne data and provide higher resolution
compared to the airborne gravity survey.

Interpretation and Next Steps

The ground-based gravity results align closely with the airborne datasets but
provide a significantly higher level of resolution, allowing for better
definition of anomaly geometry and depth.

These results:

·    Confirm the presence of coincident conductive and dense targets

·    Improve confidence in the interpreted magmatic conduit system

·    Provide a stronger technical basis for drill targeting

The frequency-domain electromagnetic survey is expected to commence shortly,
which will further refine the conductive responses and support final drill
target prioritisation.

 

The Zeb Nickel Project is strategically located on the Northern Limb of the
Bushveld Complex, adjacent to the Ivanplats Platreef Project, which is
expected to become one of the largest underground platinum group metal
operations globally once fully operational.

Figure 2: Maps showing the Zeb Nickel Project area and the geophysical targets
adjacent to the Ivanplats "Platreef Mine," which is expected to become one of
the largest underground platinum mines globally once in full production.

CEO John Zorbas commented:

"We are very encouraged by the results of the ground-based gravity survey,
which show strong correlation with the airborne electromagnetic and magnetic
datasets. The improved resolution of the ground survey provides greater
confidence in the interpretation of these anomalies and enhances our ability
to focus on the most prospective semi-massive and massive nickel sulphide
targets.

"The responses observed at Targets 1 and 2 are particularly compelling,
displaying the coincident conductive and dense signatures often associated
with sulphide mineralisation. With the EM survey set to commence shortly, we
look forward to further refining these targets ahead of drilling.

"We are very excited about the progress being made and the momentum building
at the Zeb Nickel Project. We look forward to the coming weeks and months and
will continue to update shareholders regularly as results become available."

About the Company

URU Metals is a mineral exploration and development company focused on
advancing high-potential critical metals projects in South Africa. The Company
is committed to creating sustainable value through responsible mining
practices, regulatory compliance, and active stakeholder engagement. For more
information, visit www.urumetals.com (http://www.urumetals.com)

Market Abuse Regulation (MAR) Disclosure

This announcement contains inside information for the purposes of Article 7 of
the Market Abuse Regulation (EU) No. 596/2014 as it forms part of United
Kingdom domestic law by virtue of the European Union (Withdrawal) Act 2018
("UK MAR"). Upon the publication of this announcement via a Regulatory
Information Service, this inside information is now considered to be in the
public domain.

For further information, please contact:

URU Metals Limited

John Zorbas

(Chief Executive Officer)

+1 416 504 3978

SP Angel Corporate Finance LLP

(Nominated Adviser and Broker)

Ewan Leggat / Caroline Rowe / Devik Mehta        + 44 (0) 203 470 0470

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  UPDFZGZDMVRGVZZ



            Copyright 2019 Regulatory News Service, all rights reserved