- URU Metals Ltd. (DI)
- 03 June 2025 13:31:12
Source: Sharecast
The AIM-traded firm said the study, conducted by Geofocus using high-resolution aeromagnetic and gravity data, revealed several dense, magnetically susceptible bodies interpreted as potential accumulations of nickel-copper-platinum group element (PGE) sulphide mineralisation.
It said the most prominent of the newly identified targets lay beneath or adjacent to the known Uitloop intrusion.
Two of those - targets one and two - are located in dolomite beneath twin lobes of the intrusion and display strong coincident magnetic and gravity anomalies, consistent with feeder conduit systems where massive sulphides may have pooled.
Target four, located at the base of the known intrusion, was the densest feature detected to date.
The modelling supported the presence of a vertically stacked, conduit-hosted nickel system, analogous to South Africa’s nickel-producing Uitkomst Complex.
Several of the identified dense bodies extended well below 500 metres, significantly deeper than previous drilling, highlighting untested depth potential within URU’s licence area.
URU said it was now integrating the 3D inversion data into its geological models using Leapfrog software and was evaluating electromagnetic surveys to refine and rank targets prior to drilling.
Initial drilling plans were focused on targets one, two and four, with deep diamond holes up to 1,000 metres in depth.
Stakeholder engagement was also underway ahead of anticipated field activity in the Mokopane region.
The company said the results materially expanded Zeb’s exploration footprint and offered a capital-efficient route to potential resource discovery and near-term value creation.
“The new 3D inversion dramatically sharpens our view of the Zeb plumbing system,” said the company’s vice-president of exploration, Richard Montjoie.
“We now have discrete, dense and magnetic bodies exactly where a conduit-fed nickel sulphide deposit should sit.
“With four priority drill targets along with the possibility of adding EM data for even finer resolution, means that we are positioned for the most exciting test of the project's potential to date.”
At 1302 BST, shares in URU Metals were up 12.27% at 6.18p.
Reporting by Josh White for Sharecast.com.