Completion of Gravity Survey

URU Metals Limited

27 April 2026

 

27 April 2026

URU Metals Limited

("URU" or the "Company")

Completion of Gravity Survey and Positive Correlation with Airborne Targets

URU Metals Limited ("URU" or the "Company") is pleased to announce the completion of the ground-based gravity survey over priority targets at the Zeb Nickel Project, with results demonstrating strong correlation with previously identified airborne electromagnetic and magnetic anomalies.

Gravity Survey Programme

The gravity survey was completed over Targets 1 and 2, previously identified as the highest-priority anomalies from the Spectrem airborne electromagnetic survey. The programme was conducted on a 50 m x 50 m grid using high-precision CG5 gravimeters, with data quality reported as 'very good' following full Bouguer correction and processing.

The objective of the ground-based gravity survey was to enhance the resolution of the airborne datasets and improve the definition of potential drill targets associated with semi-massive nickel sulphide mineralisation.

Gravity Results

The results of the gravity survey are highly encouraging and provide improved confidence in the geological interpretation:

Target 1

·    The Spectrem electromagnetic anomaly correlates closely with a residual gravity high, confirming that the target is both conductive and relatively dense.

·    The gravity anomaly extends beyond the electromagnetic ("EM") footprint, suggesting the presence of dense ultramafic rocks and/or sulphide accumulation zones.

·    This strong coincidence of conductivity and density is considered highly prospective for nickel sulphide mineralisation.

Target 2

·    A weak but distinct gravity high (~0.1 mGal) coincides with the southern portion of the northern EM anomaly.

·    This gravity feature also aligns well with a first vertical derivative (1VD) magnetic anomaly, reinforcing the validity of the target.

·    While the response may represent a dense ultramafic unit such as a harzburgite pulse, the combined conductive, dense, and magnetic signature is also consistent with potential sulphide mineralisation.

Figure 1: Maps showing the ground-based gravity results for the two target areas overlain on a mapped and interpreted geological map. The results align well with the results from the airborne data and provide higher resolution compared to the airborne gravity survey.

Interpretation and Next Steps

The ground-based gravity results align closely with the airborne datasets but provide a significantly higher level of resolution, allowing for better definition of anomaly geometry and depth.

These results:

·    Confirm the presence of coincident conductive and dense targets

·    Improve confidence in the interpreted magmatic conduit system

·    Provide a stronger technical basis for drill targeting

The frequency-domain electromagnetic survey is expected to commence shortly, which will further refine the conductive responses and support final drill target prioritisation.

The Zeb Nickel Project is strategically located on the Northern Limb of the Bushveld Complex, adjacent to the Ivanplats Platreef Project, which is expected to become one of the largest underground platinum group metal operations globally once fully operational.

Figure 2: Maps showing the Zeb Nickel Project area and the geophysical targets adjacent to the Ivanplats "Platreef Mine," which is expected to become one of the largest underground platinum mines globally once in full production.

CEO John Zorbas commented:

"We are very encouraged by the results of the ground-based gravity survey, which show strong correlation with the airborne electromagnetic and magnetic datasets. The improved resolution of the ground survey provides greater confidence in the interpretation of these anomalies and enhances our ability to focus on the most prospective semi-massive and massive nickel sulphide targets.

"The responses observed at Targets 1 and 2 are particularly compelling, displaying the coincident conductive and dense signatures often associated with sulphide mineralisation. With the EM survey set to commence shortly, we look forward to further refining these targets ahead of drilling.

"We are very excited about the progress being made and the momentum building at the Zeb Nickel Project. We look forward to the coming weeks and months and will continue to update shareholders regularly as results become available."

About the Company

URU Metals is a mineral exploration and development company focused on advancing high-potential critical metals projects in South Africa. The Company is committed to creating sustainable value through responsible mining practices, regulatory compliance, and active stakeholder engagement. For more information, visit www.urumetals.com

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.

For further information, please contact:

URU Metals Limited

John Zorbas

(Chief Executive Officer)

[phone]

SP Angel Corporate Finance LLP

(Nominated Adviser and Broker)

Ewan Leggat / Caroline Rowe / Devik Mehta        + 44 (0) 203 470 0470

 

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