Uru Metals Announces Potential For 56 Million Pound Nickel Project

Mining Weekly reported URU Metals (LSE:URU) has discovered the potential for a 56 million pounds of nickel a year for 25 years in the Bushveld complex in South Africa.

As quoted in the market news:

An exploration joint venture (JV) estimates the large nickel discovery it has made in South Africa’s northern Bushveld at more than $1-billion for an exploration outlay of only $4.2-million.

The Africa-focused Aim-quoted URU Metals says that it has a compliant preliminary economic assessment (PEA) from consultants led by the MSA Group, which shows the Zebediela project to have a potential of 56-million pounds of nickel a year for 25 years.

Click here to read the full Mining Weekly report.