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(Sharecast News) - Uru Metals said on Friday that final interpretation of ground geophysics at its Zeb nickel project in Limpopo, South Africa, had refined additional follow-up targets within the broader feeder system.
The AIM-traded company said Target 2, originally identified from the 2025 airborne Spectrem electromagnetic survey, remained prospective but would be treated as a secondary follow-up area behind Target 1, which had already been confirmed as the priority target.
Ground survey results showed independent magnetic bodies in both the northern and southern Target 2 areas, with the southern anomaly described as weaker but still of interest due to its magnetic and weak ground electromagnetic responses.
Uru said Target 2 lay within the interpreted Zeb Nickel feeder system, which it considers prospective for higher-grade nickel-copper-PGE sulphide mineralisation.
The company said the results would help distinguish cleaner drill targets from more complex areas, improving discipline in future drill planning.
The data would now be incorporated into Uru's 3D geological model and ranked against the wider target pipeline at Zeb Nickel.
The next drilling phase would remain flexible, with final hole locations, depths and sequencing to be determined after target ranking, land access planning and contractor engagement.
Uru said the programme could include testing both Platreef-style nickel-copper-PGE targets and higher-grade massive sulphide targets associated with the feeder system.
It said it was currently sourcing and finalising drill contractors.
Exploration manager Richard Montjoie said the Target 2 results were important because they helped the company "better understand and rank the wider target pipeline at Zeb Nickel".
"This target is more complex than Target 1 however, the presence of underlying magnetic bodies means the area remains geologically interesting and will warrant follow-up testing," he said.
Montjoie added that the ground survey work had helped reduce uncertainty and focus future capital on the strongest opportunities, while the broader exploration model at Zeb Nickel remained unchanged.
At 1030 BST, shares in Uru Metals were down 2.46% at 5.71p.
Reporting by Josh White for Sharecast.com.
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