URA Holdings PLC (GB:URAH) has released an update.
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URA Holdings PLC has revealed promising financial prospects for its Gravelotte Emerald Mine (GEM) in South Africa, with a projected Net Present Value (NPV) of $22.39 million and an Internal Rate of Return (IRR) of 76%. According to the independent review by ACA Howe International Limited, the mine is expected to become profitable in its second year, boasting a 17-year lifespan with total payable ore of 1.23 million tonnes. CEO Bernard Olivier expressed optimism about the project’s potential to deliver significant value to shareholders, emphasizing the mine’s production readiness and planned exploration efforts.
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