Appointment of Geological Modelling Consultants
Summary by AI BETAClose X
29th July 2026
URU Metals Limited
Zeb Nickel Project - Appointment of Geological Modelling Consultants to Support Upcoming Drill Programme
URU Metals Limited ("URU" or the "Company") is pleased to announce the appointment of Caracle Creek International Consulting and Atticus Geoscience Consulting to update and expand the Leapfrog 3D geological model for the Company's Zeb Nickel Project in Limpopo, South Africa.
The work follows the recent ground gravity and frequency-domain electromagnetic surveys over Targets 1 and 2. It will integrate the Company's geological, drilling and geophysical information into a single three-dimensional framework to guide the upcoming drill programme.
3D geological model
The model will combine updated surface mapping, historical drill-hole data, airborne magnetic, gravity and spectral data, Spectrem airborne time-domain electromagnetic data, and the recent ground gravity and electromagnetic results. It will also incorporate the current interpretations of the Uitloop I and Uitloop II ultramafic bodies, the intervening magmatic plumbing system and known nickel-copper-PGE sulphide intersections.
The consultants will build a lithological and structural wireframe to test the Company's chonolith model for a magmatic conduit linking Uitloop I and Uitloop II. The work will define the principal intrusive and sedimentary contacts, layered-intrusion and sedimentary units, interpreted assimilation zones, and structures or breccia zones supported by the available data.
Supporting the upcoming drill programme
The Leapfrog model is expected to assist the Company in:
· ranking targets using the combined geological, drill-hole and geophysical evidence;
· mapping possible conduit thickening, pinches, basal keels, intrusive margins, embayments and assimilation zones that may provide traps for sulphide accumulation;
· relating known Zone 1, Zone 2 and Zone 3 mineralised intersections to the interpreted intrusive architecture and refined geophysical targets;
· distinguishing targets supported by multiple datasets from responses that may be caused by country rock, infrastructure, weathering or other non-mineralised features;
· improving proposed drill-hole collar locations, azimuths, dips and target depths; and
· sequencing the drill holes and identifying material data gaps before drilling commences.
The completed model will provide a coherent technical basis for directing exploration expenditure towards the strongest geologically supported targets and reducing the risk of drilling geophysical responses that are not supported by the wider mineral-system interpretation.
Richard Montjoie, Exploration Manager of URU Metals, commented:
"This Leapfrog modelling exercise is intended to bring the geology, drill holes and recent geophysical responses into one coherent three-dimensional model. By showing where the interpreted chonolith thickens, pinches or interacts with the footwall, it should help us rank targets within the wider feeder system and design the upcoming drill holes against defined geological positions rather than stand-alone anomalies.
The expected result is a more focused and disciplined drill programme, with better collar positions, orientations and target depths, and a clearer technical basis for sequencing holes across the Project."
ENDS
For further information, please contact:
URU Metals Limited
John Zorbas
Chief Executive Officer
+1 416 504 3978
SP Angel Corporate Finance LLP
Nominated Adviser and Broker
Ewan Leggat / Caroline Rowe
+44 (0) 203 470 0470
Axis Capital Markets Limited
Joint Broker
Richard Hutchison
+44 (0) 203 026 0320
Market Abuse Regulation (MAR) Disclosure
This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014 as it forms part of United Kingdom domestic law by virtue of the European Union (Withdrawal) Act 2018 ("UK MAR"). Upon the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.
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