Uru Metals Share Discussion Threads

[papillon] 12/4/2022 16:10

Definitely a case of buy on rumour, sell on fact!

I remember holding URU (then Niger Uranium) back in 2007 during the uranium boom.

[the count of monte_cristo] 12/4/2022 08:22

That is a lot of drilling and news flow from Q2 2022 for a small cap exploration stock.

- The results from this program will be used to update the three-dimensional geological model and used to site drillholes for the next phase of drilling, planned to commence in Q2 2022.

- The Company plans to present an updated mineral resource on the Lower Zone orebody using the newly acquired data from these two phases of drilling.

- In addition to this, the Company plans to drill over 30,000 m of exploration drilling in 2022

- and present a new Preliminary Economic Assessment (PEA) with improved project economics in 2023.

The extent and continuity of the high-grade gold mineralization is untested, and the next phase of drilling will aim to prove the continuity and extent of this gold mineralization while simultaneously testing for Ni-PGE mineralization.

"This new gold zone discovery adds another exciting element to the Zeb Nickel Project. These grades and thicknesses warrant follow up drilling on this gold horizon which we look forward to commencing shortly.

On the nickel front, the recently completed drill campaign successfully demonstrated the presence of Critical Zone rocks across the project, and with the team correlating these Critical Zone rocks with the higher-grade mineralized horizons at our neighbours, Ivanhoe, the next phase of drilling will target the areas identified to carry Ni-PGE mineralization.", commented Wayne Isaacs, Chief Executive Officer and Director.

[the count of monte_cristo] 12/4/2022 08:12

Yes, very good gold grades. Shhhhh!

[drdre] 12/4/2022 08:08

Excellent gold assays in the drill results. Also liked the comparison to the Ivanhoe Flat Reefs.

[888icb] 24/3/2022 17:51

Not a bad day Up 19%

[hedgehog 100] 15/3/2022 09:17

Zeb Nickel Corp. (ZBNI) should announce these results on the TSX-V at 8a.m their time (1pm. our time), ahead of their market opening an hour and a half later. -



I think we can then expect a good ZBNI move up today!


Well done to the team at ZBNI for these great results.

[hedgehog 100] 15/3/2022 09:11

15/03/2022 07:00 UK Regulatory (RNS & others) URU Metals Limited Drilling results from ZEB Nickel Corp LSE:URU Uru Metals Limited

URU announces that ZEB Nickel Corp. has today announced the completion of the most recent phase of exploration drilling on the Zebediela Nickel Project ("Project").

URU successfully completed the disposal of the Project to ZEB Nickel Corp. in August 2021 and the Project remains the primary focus of URU, through its 74.82% interest in Zeb Nickel Corp. and URU's continuing role as the technical operator of the Project.

The ZBNI announcement is as follows:

Higher grade nickel sulfide and associated PGE mineralization of up to 1.7% nickel intersected in Critical Zone and adjacent lithologies during exploration drilling on the Zebediela Project.

Zeb Nickel confirming that the Project hosts the up-dip extension of Ivanplats geology.

Highlights of results:

-- 0.71 g/t 3PGE+Au (58% palladium content) and 1.7 % nickel at a depth of 260 m below surface;

-- 6.4 g/t 3PGE+Au (89% platinum content) and 0.39% nickel at a depth of 72 m below surface;
-- 2.13 g/t 3PGE+Au (61% palladium content) and 0.47% nickel at a depth of 214 m below surface;

-- 1.27 g/t 3PGE+Au (45% palladium content) and 0.69% nickel at a depth of 320 m below surface;

Vancouver, BC, March 15, 2022 - ZEB Nickel Corp. (ZBNI:TSX-V) (OTC:ZBNIF) ("Zeb" or the "Company") is pleased to announce that the Company has completed Phase 2 of exploration drilling on the Zebediela Project and has successfully intersected Critical Zone lithologies in all drillholes with reported assay results in this recent phase, located beneath the historical 43-101-compliant 1.5 billion-ton sulfide nickel resource which contains approximately 3,955 kt of nickel.

A weighted average calculation using a cut-off grade of 0.31% Ni from this phase of drilling has resulted in an increased grade of 76% higher than that declared in the historical resource used in the existing Preliminary Economic Assessment (PEA). This existing historical resource consists of an Indicated Resource of 485.4 million tonnes averaging 0.245% Ni, with an additional Inferred Resource of 1,115.1 million tonnes at 0.248% Ni using a cut-off grade of 0.1% Ni.

The Critical Zone of the Bushveld Complex is the geological horizon that hosts Platreef-style mineralization in the Northern Limb, which is the mineralised zone currently being mined at Anglo American Platinum's flagship Mogalakwena Mine, and Ivanhoe Mines Platreef Mine (average depth of 800 m). The location of the project in relation to Mogalakwena Mine and Platreef Mine is shown in Figure 1 below.



Figure 1: Location of the Zebediela Project in relation to Mogalakwena Mining Complex and Platreef Mine.

This phase of drilling is a continuation of the first phase conducted by the Company for a total of 4,901 m in both Phase 1 and Phase 2, targeting higher grade nickel PGE mineralisation in Critical Zone rocks found beneath the existing NI43-101 compliant nickel resource.

The Company is pleased to announce that these Critical Zone rocks have been discovered along a strike length of at least 3 km.

6 holes were completed in the Phase 1 drill campaign and a further 8 holes were completed in the Phase 2 drill campaign (assay results for 5 holes are outstanding).

Exploration results from the drilling campaign are presented in the table below, and the location of these holes are presented in Figure 2 below. Drill core diameter for all holes is NQ and drill holes are drilled at an inclination of 50 degrees on an azimuth of approximately 45 degrees. ...

[888icb] 15/3/2022 08:50

URU now top of the Leaderboard Up 17.2% on volume of 9000 with buys exceeding sells 3/1.

[gardenboy] 15/3/2022 08:45

Five year chart looks interesting if this breaks above 500

[888icb] 15/3/2022 08:35

The large spread doesn’t help but it’s just narrowed so now 350/400. Currently Up 17% at 375p

[the count of monte_cristo] 15/3/2022 08:30

The company seems to be well under the radar. Maybe the share price of 350p puts people off because it's not a penny stock:)

[888icb] 15/3/2022 08:24

Currently Up 9% at 350p. 5 of the 10 trades so far have been at 400p.

[the count of monte_cristo] 15/3/2022 08:05

I can't even get a quote for 250 quid's worth (:

[the count of monte_cristo] 15/3/2022 07:43

Wakey, wakey Hedgehog:)

Two of the largest miners on the planet have licenses and producing mines next to ours.

[the count of monte_cristo] 15/3/2022 01:13

Yes, more to come here. Still a tiny market cap.

[888icb] 14/3/2022 17:17

URU has had a good afternoon and moved sharply higher at the end to close Up 60% at 320p.

[hedgehog 100] 11/3/2022 10:53

The distinction between nickel laterite deposits and nickel sulfide deposits is an increasingly important one.

And surging energy prices can only highlight this distinction.

Nickel sulfide deposits have far lower production costs, are greener, and are also far more suitable for use in EV (electric vehicle) batteries. -

Mudd, G M, 2009, "Nickel Sulfide Versus Laterite : The Hard Sustainability Challenge Remains":
" ... sulfide ores are easier to process, through conventional mining, smelting and refining, compared to laterite ores which require intensive hydrometallurgical processing (such as high pressure acid leaching or HPAL). This means that laterite ores typically require substantially more energy and chemicals to produce than sulfide nickel. ..."


"Electric Vehicles: The Dirty Nickel Problem
... Published September 27, 2020
By Cliff Rice
... Nickel is mined from two types of deposits — sulphide and laterite. Sulphide nickel occurs in hard rock that has formed from crystallization of magma with the proper conditions and chemistry. Laterite nickel is a product of the weathering of ultrabasic bedrock under proper conditions of rainfall, drainage, temperature, and slope in the tropics.
Nearly all nickel currently used in batteries comes from sulphide nickel. This is because batteries require nickel of high purity, which is usually obtained from sulphide nickel. Also, sulphide nickel can be mined, smelted, and refined with less environmental impact than laterite nickel. So, when Mr. Musk or other electric vehicle manufacturers indicate they want nickel which is efficient and environmentally friendly, they mean sulphide-sourced “clean” nickel.
The problem part of the “dirty nickel problem” is that sulphide nickel sources are limited. Most known locations with sulphide nickel are already being mined and cannot be readily expanded. Some of these mines are on the surface, but many are subsurface mines, sometimes with the nickel ore being brought up from thousands of feet below ground. Greatly increasing the output from such mines is problematic. Furthermore, recent discoveries of new locations with sulphide nickel have been small and finding them has been costly. So, we should not expect new discoveries to have much effect on sulphide nickel ore supplies.
This leaves us with laterite nickel, the dirty part of the “dirty nickel problem.” Laterite nickel is not just dirty, it is simultaneously dirty in four different ways. ..."



With energy prices soaring, energy-hungry nickel laterite projects will be less geared to the rise in commodity prices than nickel sulfide projects.

And the better ESG (environmental, social and corporate governance) rating of nickel sulfide projects, especially near-surface nickel sulfide projects like URU's, is also becoming increasingly important.

[the count of monte_cristo] 11/3/2022 09:10

Thanks for the update. Next week will be interesting when nickel starts trading again.

[888icb] 11/3/2022 01:19

ZEBN was up 11% today giving it a market cap of £13.1 million so URU’s stake in ZEBN is worth £9.9 million. URU’s market cap is £4 million which is less than half the value of its stake in ZEBN. Normal logic would say URU should move up to close that gap.

[hedgehog 100] 10/3/2022 17:04

Terminator10110 Mar '22 - 16:41 - 2914 of 2914 0 0 0
"Lol, “zeb miltibagged” yet delivery = knack all so just a total pump and dump."


Not by me - I still hold all my URU. It would be bonkers to sell at this level, with a raft of great newsflow expected shortly.

And ZBNI hasn't multibagged from its RTO price of 25c. last summer, when nickel prices were much lower: at its current 38c. it's up barely 50% from that level, so the rerating still has a way to go.

And there's some great potential catalysts in the imminent drilling results, as well as other newsflow:


31/12/2021 07:00 UK Regulatory (RNS & others) URU Metals Limited Interim Results LSE:URU Uru Metals Limited

" ... the 3,600 m diamond exploration drilling program ... The aim of this program is to improve the confidence in the historical NI43-101 compliant resource, as well as explore for higher grade nickel sulphide mineralisation found in Critical Zone rocks which are located in the footwall to the existing resource. The presence of Critical Zone rocks on the Zebediela Project area is exciting; these Critical Zone rocks host the Platinum Group Element and Nickel Copper mineralisation that is being exploited at Anglo American's flagship Mogalakwena Mine, as well as Ivanhoe Mines' Platreef Project, located immediately west of the Zebediela Project.

Good progress has been made on advancing the Mining Right application, and all required documentation has been submitted to the South African Department of Mineral Resources (DMRE). Consultation with Interested and Affected Parties (I&AP's) continues, as the Company continues to build on its good relationship with host communities and its "social license to operate".

Additionally, during the period ending 30 September 2021, the South African Department of Mineral Resources ("DMRE") has accepted an application for a Prospecting Right over ten portions of the farm Piet Potgietersrust Town and Townlands 44 KS, totalling 246 hectares. The Prospecting Right under application is immediately south of the Zebediela Project, and located approximately 4 km east of Ivanhoe Mines Platreef Project, and approximately 20 km south of Anglo American Platinum's Mogalakwena Mine. A brief Environmental Impact Assessment and a Final Environmental Report were submitted and the Company is now awaiting for the DMRE to award the Prospecting Right.

The Company looks forward to updating the market with news flow emanating from the drilling program on Zebediela, as well as receiving a granted Mining Right from the DMRE. ..."

[terminator101] 10/3/2022 16:41

Lol, "zeb miltibagged" yet delivery = knack all so just a total pump and dump.

[hedgehog 100] 10/3/2022 12:55

Surprising to see URU fall back as much as it has, though current market conditions are very volatile.

URU's current market capitalisation, at 200p, is only £3.3 million.

URU owns 74.82% of Zeb Nickel Corp. (ZBNI), which closed yesterday (on the Toronto Stock Exchange) at 36c., market cap. CA$19.758M., which equates to about £11.7M.

Which values URU's stake in ZBNI at £8.75M.

Ie. 2.65 times URU's market cap.; which is a discount of 62.3% to the stake value.

ZBNI looks poised to move much higher shortly, with reportedly great drilling results due imminently, and the nickel environment is bullish.

So this certainly looks like a good opportunity to accumulate a very cheap stake in quality company.