26th Jun 2014 07:00
URU Metals Limited / Index: AIM / Epic: URU / Sector: Natural Resources
26 June 2014
URU Metals Limited ("URU Metals" or "the Company")
Director Shareholding
URU Metals, the multi-commodity resource exploration and development company, announces that 0.9 million out of the 3 million shares awarded to David Subotic, as announced on 2 May 2014, were simultaneously gifted by him to unrelated parties. David Subotic is therefore interested in 5,350,000 shares, representing 2.3 per cent. of the current issued share capital.
**ENDS**
For further information please visit www.urumetals.com or contact:
URU Metals Limited
David Subotic, Chairman
| + 1 416 892 2870
|
Northland Capital Partners Limited (Nominated Adviser and Joint Broker)
Edward Hutton / Matthew Johnson
| + 44 (0) 207 382 1100 |
Beaufort Securities Limited (Joint Broker)
Andrew Gutmann
| + 44 (0) 207 382 8300 |
St Brides Media & Finance Ltd (Financial Public Relations)
Lottie Brocklehurst / Susie Geliher
| +44 (0) 20 7236 1177 |
About URU Metals:
URU Metals is a multi-commodity explorer and developer of high quality resource projects. Its current portfolio comprises:
· Zebediela Nickel Sulphide Project, South Africa
100% ownership of a world class nickel sulphide project in the Limpopo Province of South Africa boasting inferred and indicated resources of over 1.5Bt hosting around 37Mt of nickel. Zebediela is forecasted to be a lowest-quartile production asset with an NPV8 of US$1 billion and IRR of 25.7% at US$8.5/lb Ni for its indicated resources alone.
· Burgersfort Nickel Sulphide Project, South Africa
50% ownership of Burgersfort, located in the Mpumalanga Province of South Africa. Previous exploration identified disseminated nickel targets and three deeper massive sulphide nickel targets.
· The Närke Oil-Uranium Project, Sweden
100% interest in an oil shale asset located in the Alum Shale outcrops of Sweden - conversion of kerogen to oil with one of the largest proven uranium deposits worldwide. Potential to define combined non-compliant resources of 1.47 billion tonnes containing 303,000t of U3O8 and 525 million barrels of oil equivalent.
· The Nueltin Gold-Uranium Project, Canada
70% earn-in agreement over a new discovery located in a well understood but unexploited basin with multiple high grade targets assaying up to 13.68% U3O8 and 2,060g/t Au. Exploration is currently on hold however there remains the potential to progress towards Resource delineation and pre-production development work.
Related Shares:
Uru Metals