South Africa grants mining right for Uru Metals’ Zeb nickel project

Core Points - South Africa's Department of Mineral and Petroleum Resources has granted a 30-year mining right for Uru Metals' Zeb nickel project, valid until 2055 [1][4] - The mining right covers an area of over 4,703 hectares within the Mogalakwena local municipality in Limpopo province [2] - Uru Metals is currently progressing with registration formalities for the mining right and will provide market updates once confirmed [3][5] Company Activities - The company is set to conduct ground gravity and frequency-domain electromagnetic surveys over two priority targets at the Zeb nickel project [3] - These surveys aim to refine the geometry of identified conductors and generate drill targets for decision-making [3] - Uru Metals plans to issue updates regarding modelling outputs, drill parameters, and timing after receiving the contractor's report [4] Strategic Importance - The granting of the mining right significantly reduces risks associated with the Zeb Nickel project and positions the company to engage with quality partners [4] - The immediate focus is on completing the ground EM and gravity survey and developing a clear drill plan targeting the highest ranked areas [5] - The Zeb nickel project previously secured integrated environmental authorization for its operations within the Bushveld complex in August of the previous year [5]