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URA Holdings
plc
("URA" or
the "Company")
Gravelotte Emerald Mine Sales
Update
URA (LSE: URAH), the gemstone mining
company, announces a sales update for the Gravelotte Emerald Mine
("GEM") following the commencement of phased production in the
second quarter of 2024.
The small first trial sale,
initially scheduled for September as part of a far larger auction
to be conducted by Bonas Group, has been postponed due to export
delays to Thailand. The trial sale will be rescheduled to coincide
with the next independent Emerald Auction conducted by Bonas, at
which time an additional quantity of Gravelotte emeralds would be
available for sale. A total of approximately 45,000 carats were
exported from South Africa to Bangkok in two batches in preparation
for the first trial sale. The exportation and clearance of one of
the two parcels was delayed, resulting in the postponement of the
first trial sale. Once the second batch is cleared, both parcels
will be securely stored at Bonas's facilities in Bangkok, and the
Company will continue to add emerald production to the
material.
Ed
Nealon, Chairman of URA, stated:
"Despite the delay in the trial
sale, we are continuing to produce material from the Gravelotte
mine and building our stockpile of material in preparation for our
first sale at a later date. We are making good progress with work
at the Curlew mine in preparation for the commencement of phased
production and will update the market shortly on our
progress."
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 Holdings is an emerging emerald
producer, focusing on the Gravelotte Emerald Mine (GEM).
Historically, GEM is one of the world's largest emerald mines,
located in South Africa. URA Holdings is committed to sustainable
and efficient mining practices, utilizing modern technology to
revive this historically significant emerald mine. Recently, URA
acquired the Curlew Emerald Mine in Australia, further expanding
its emerald mining operations and assets.
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
