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URU's Zebediela licence renewed

4th December 2018

By: Creamer Media Reporter

     

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The Department of Mineral Resources has renewed Aim-listed URU Metals' prospecting right over the Zebediela nickel project, in Limpopo.

The right will expire on December 2, 2021.

A 2012 preliminary economic assessment of the project estimates the project's capital expenditure to reach $708-million. The project is expected to produce 20 000 t/y of nickel over a 25-year life and deliver a net present value of $317-million.

URU also owns the Närke oil/uranium project in Sweden.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

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