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URA notes "important" arrival of optical sorter at South Africa mine

January 31, 2024 at 10:54 am EST

(Alliance News) - URA Holdings PLC on Wednesday announced the arrival of its optical sorter at the GEM mine in South Africa, which it said marked an "important" step in the mine's transition to operational status.

The Africa-focused mineral exploration company said the optical sorter was manufactured by Angelon Electronics Co Ltd, and packaged and shipped in two 40-foot containers.

It has successfully arrived at site and is currently being offloaded, URA said, while it is collaborating "closely" with the technical team from Angelon who will travel to site to assist with the final assembly checks and commissioning of the optical sorter.

URA said further updates will be provided as installation and commissioning proceeds.

"Our team will now begin to assemble the optical sorter, its conveyor belts systems, bins and other components before commissioning. We believe we are now on track towards achieving first production within the next two-to-three months," said Chair Edward Nealon.

Shares in URA were up 6.7% to 1.44 pence each in London on Wednesday afternoon.

By Greg Rosenvinge, Alliance News senior reporter

Comments and questions to newsroom@alliancenews.com

Stocks mentioned in the article

Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
DOW JONES SOUTH AFRICA(ZAR)	2,008 PTS	-0.41%	+1.17%	-
DOW JONES AFRICA TITANS 50 INDEX	471.4 PTS	-0.17%	+2.61%	-
S&P AFRICA 40 INDEX	161.4 PTS	-0.29%	+3.93%	-
URA HOLDINGS PLC	1.852 GBX	-2.53%	-7.40%	6.55M

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