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| Date | 15 Sept 2026 |
| Time | 07:00:04 |
| Category | Corporate updates |
| ID | 7168U |
15 September 2026
URU Metals Limited
(“URU” or the “Company”)
Zeb Nickel Project Drilling Contractor Selection Advanced
URU Metals Limited (“URU” or the “Company”) is pleased to provide an update on preparations for the next drilling programme at the Zeb Nickel Project in Limpopo, South Africa.
Following completion of the 3D Leapfrog geological model and drill planning, the Company has advanced the drilling contractor selection process and is now completing the final commercial stage ahead of appointment.
Final proposals have been requested from qualified diamond drilling contractors, with the preferred contractor to be selected following review of commercial terms, rig availability, mobilisation timing, technical capability and health and safety performance.
Highlights
Drilling Programme
The planned drilling programme follows directly from the recently completed Leapfrog modelling, which provided the geological framework required to rank and position the next drill holes.
The first phase will focus on the better-defined higher-grade Zone 2 mineralisation in the southeastern part of the Project, with the objective of improving geological confidence and building sufficient drilling density to support a maiden mineral resource estimate.
Drilling will then progressively test continuity and extensions of Zone 2 into less-defined areas of the Project.
Ground FDEM Target 1 remains an important exploration target and is expected to be tested early in the programme. Target 1 comprises a discrete EM conductor associated with a coincident gravity anomaly within the interpreted intrusive plumbing system and will be tested for a possible concentration of semi-massive to massive Ni-Cu-PGE sulphides.
The programme will be phased and prioritised so that drilling with the greatest potential to advance the Project is undertaken first.
Contractor Appointment
The Company is now completing the final commercial stage of the contractor selection process.
The Company expects the next operational update to confirm the appointment of the drilling contractor and the anticipated commencement date for drilling.
Richard Montjoie, Exploration Manager at URU Metals, commented:
“We have now converted the drill plan into a contractor-ready programme, and are in the final commercial stage of selecting the drilling team, with particular focus on capability, rig availability and mobilisation. We are excited to mobilise to site and start turning the geological model into new data.”
About the Company
URU Metals is a mineral exploration and development company focused on advancing high-potential critical metals projects in South Africa. The Company is committed to creating sustainable value through responsible mining practices, regulatory compliance, and active stakeholder engagement. For more information, visit www.urumetals.com
ENDS
For further information, please contact:
URU Metals Limited
John Zorbas
Chief Executive Officer
+1 416 504 3978
SP Angel Corporate Finance LLP
Nominated Adviser and Broker
Ewan Leggat / Caroline Rowe
+44 (0) 203 470 0470
Axis Capital Markets Limited
Joint Broker
Richard Hutchison
+44 (0) 203 026 0320
Market Abuse Regulation (MAR) Disclosure
This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014 as it forms part of United Kingdom domestic law by virtue of the European Union (Withdrawal) Act 2018 (“UK MAR”). Upon the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.