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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
Chief Executive Officer
Bernard Olivier
Director
Peter Redmond
Chief Operating Officer
Jeremy Sturgess-Smith
|
+44 (0)746
368 6497
info@uraholdingsplc.co.uk
|
|
Peterhouse Capital Limited
Joint Corporate Broker
Lucy Williams
Duncan Vasey
Capital Plus Partners
Joint Corporate Broker
Keith Swann
Jon
Critchley
|
+44 (0)20
7469 0930
+44 (0)203
821 6169
+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
or follow us through our social media
channel:
X(formally known as Twitter):
@ura_plc
