11th Jul 2025 19:56
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News:
----------
Uru Metals Ltd - mineral exploration & development company - Reports assay results and geological interpretations from a two-hole drilling programme at the Zeb Nickel Project in Limpopo, South Africa. Says vertically drilled holes validate the Zeb geological model, confirming the presence of "thicker, higher-grade nickel-copper-PGE horizons beneath the resource". Results show mineralisation remains open both along strike and at depth. Key findings in Zone 2 include: intersections of up to 2.27 metres at 0.27% nickel, 0.17% copper and 2.27 grams per tonne three platinum group elements plus gold, as well as 4.06 metres at 0.23% nickel, 0.14% copper and 1.36 grams per tonne three platinum group elements plus gold. Zone 3 results show: up to 0.70 metres at 0.65% nickel and 0.40% copper within a broader 2.73 metres at 0.39% nickel. Chief Executive Officer John Zorbas says: "These results validate our geological model and confirm that Zeb Nickel has the scale and grade to become a significant critical-metal asset. With mineralisation open in multiple directions, and several exciting targets identified from the recent airborne magnetic and gravity survey, we are as excited as ever about the growth runway ahead and look forward to updating the market on further exploration plans."
----------
Ormonde Mining PLC - natural resources company with assets in Newfoundland and Scotland - Notes Thursday announcement by 36.5%-owned investee company TRU Precious Metals Corp. TRU has exercised its initial option to acquire a 51% interest in the Staghorn Property. The site represents about 11% of its Golden Rose Project at the Valentine Lake Shear Zone in Newfoundland. Further, TRU completes a 1,988-metre diamond drill program at Golden Rose with assay results pending.
----------
Ajax Resources PLC - investor in natural resources - Submits environmental impact study for its 100%-owned Eureka project in the Argentine province of Jujuy. Ajax operates the site through its subsidiary Puna Metals SA. Pending approval of the EIS, Puna will commence an exploration programme, consisting of mapping, trenching and later drilling, as well as underground sampling. Additionally, Ajax plans to undertake a second closing of the subscription announced in May, targeting proceeds of GBP 500,000. Separately, applies for listing on Euronext Growth Oslo.
----------
Tooru PLC - London-based investor - Provides update on subsidiary Juvela, a gluten-free foods provider. Says retail outlet sales increase 93% on-year in the 12 months to May 17. Growth is market-wide, Tooru says, "driven by consumer demand, increased distribution, and a renewed focus on relevance and occasion". Adds: "In nine months, Juvela's distribution points have increased from under 500 to nearly 3,000, moving from a single white loaf in Tesco to a multi-SKU range across three of the UK's major grocers. Juvela believes that it has now achieved a step change in both visibility and velocity." Moving forward, Tooru will continue its investment in Juvela and its new OAF brand, engage with a dual-brand strategy supporting leadership across prescription and retail and focus innovation on "unmet needs and under-served moments in gluten free".
By Aidan Lane, Alliance News reporter
Comments and questions to [email protected]
Copyright 2025 Alliance News Ltd. All Rights Reserved.
Related Shares:
Uru MetalsORM.LAjax ResourcesTooru