21st Aug 2024 14:18
(Alliance News) - Uru Metals Ltd on Wednesday said the Zebediela project can now seek mining rights following environmental authorisation by the South African government.
The Toronto, Canada-based mineral exploration & development company owns 74% of Zeb Nickel Corp which is currently advancing the Zebediela nickel project in Limpopo Province, South Africa.
On Tuesday, Zeb announced it was granted integrated environmental authorisation by the South African Department of Minerals and Petroleum Resources.
Uru Metals shares were up 10% to 55.00 pence each in London on Wednesday afternoon.
Zeb Chief Executive Officer Anthony Nieuwenhuys said: "Zeb Nickel has engaged in extensive consultations with local communities, stakeholders, and environmental experts throughout the application process. The company remains committed to maintaining transparent communication and collaboration with all relevant parties as the project moves forward."
The authorisation covers various aspects of environmental management, including air quality, water and waste management, as well as biodiversity protection.
"This authorization marks a significant milestone in the process of obtaining Zeb Nickel's mining right, which will permit the extraction of nickel, copper, platinum-group metals, gold, chrome, cobalt, vanadium, and iron ore for a period of 30 years from the date of issuance," Uru said.
The mining rights are the final regulatory approval required, and once obtained, mining activities can commence at the project.
By Elijah Dale, Alliance News reporter
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