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RNS Number : 0281I URA Holdings PLC 25 March 2024
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URA Holdings plc
("URA" or the "Company")
Commission of Processing and Sorting Plants begins
URA Holdings plc (LSE: URAH), the gemstone mining company currently focused on
the restart of production at the Gravelotte Emerald Mine ("GEM"), is pleased
to announce that its operations have now entered the commissioning phase,
targeting first production before the end of April 2024.
Highlights
· Practical completion of the priority systems at the Gravelottle
processing and sorting plant, allowing the commissioning phase to commence.
· Phased Emerald production expected to commence before the end of
April 2024
· Sufficient ore feed tonnes are now readily accessible on the
run-of-mine (ROM) pads for both commissioning and first production with a
total available ROM stockpile now exceeding 3,000 tonnes
· Mechanical equipment pre-operational testing is also currently in
progress
· Technical Team from the manufactures of the optical sorter (Angelon
Electronics Co Ltd) are on site actively working to achieving final assembly
and commissioning of the optical sorter on schedule
Bernard Olivier, CEO of URA, commented: "We are pleased to report that we are
on track to first production before the end of April and the start of
commission of the processing and sorting plant is a significant final step in
achieving this objective. Operational readiness and the transition to daily
operations is a key part of this phase as we look not only to first emerald
production but also towards ramping up production with a view to achieve first
sales from the historic emerald mine for over 20 years."
Figure 1. The commissioning of the processing plant in progress.
Figure 2. Angelon technical expert busy with the commissioning of the optical
sorter.
Enquiries:
URA Holdings plc +44 (0)746 368 6497
Chief Executive Officer
Bernard Olivier
Director
Peter Redmond
Chief Operating Officer
Jeremy Sturgess-Smith
info@uraholdingsplc.co.uk (about%3Ablank)
Peterhouse Capital Limited +44 (0)20 7469 0930
Joint Corporate Broker
Lucy Williams
Duncan Vasey
Capital Plus Partners
Joint Corporate Broker
Keith Swann
Jon +44 (0)203 821 6169
Critchley
+44 (0)203 821 6168
CMC Markets
Joint Corporate Broker
Douglas Crippen +44 (0)20 3003 8632
About URA Holdings Plc
URA is focused on restarting the Gravelotte Emerald Mine. URA Holdings is
committed to sustainable and efficient mining practices, utilising modern
technology to revive one of the world's historically significant emerald
mines.
For more information about URA Holdings Plc, including investor relations and
corporate news, please visit our website at www.uraholdingsplc.co.uk
(http://www.uraholdingsplc.co.uk) or follow us through our social media
channel:
X(formally known as Twitter): @ura_plc
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