Board Change • May 20
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 4 non-independent directors. Senior Independent Non-Executive Director John Treacy was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Annuncio • Jun 20
Gem Resources plc Announces Step Down of Sam Mulligan from the Board of Directors of the Company and from the Board of the Company's Subsidiaries, Malaika Ireland Limited and Malaika Development Limited, Effective June 20, 2025 Gem Resources Plc announces that Sam Mulligan, a Director of the Company, is stepping down from the Board of Directors of the Company and from the Board of the Company's subsidiaries, Malaika Ireland Limited and Malaika Development Limited with immediate effect. Accordingly, the resolution pertaining to Mr. Mulligan's re-election will be withdrawn and not put to Shareholders at the Company's forthcoming AGM scheduled to be held on 23 June 2025. Annuncio • May 27
Gem Resources Plc, Annual General Meeting, Jun 23, 2025 Gem Resources Plc, Annual General Meeting, Jun 23, 2025. Location: the offices of orrick, herrington and sutcliffe uk llp, 9th floor 107 cheapside, ec2v 6dn, london United Kingdom Annuncio • Apr 04
Gem Resources plc Provides Operational Update At Its Gravelotte Emerald Mine in South Africa Gem Resources Plc provided the following operational update on progress at the Company's Gravelotte Emerald Mine in South Africa. Upgraded processing plant operating consistently at up to 100 tonnes per day; Hard rock mining commenced in late January 2025 with very encouraging emerald recoveries from newly exposed ore zone; Consistent production maintained in February and March; Following the successful commissioning of its purpose-built emerald processing plant in mid-2024, GEMR completed a key upgrade in December 2024 with the installation of a double-deck vibrating washing and sizing screen. This enhancement increased plant throughput by approximately 45% and significantly improved recovery efficiency. Since then, the plant has been operating at up to 100 tonnes perday with stable performance and no material processing issues. Initial processing during 2024 focused on emerald-bearing material from historical tailings and surface dumps. A first trial sale of the material produced from the tailings and dump was originally planned for September 2024 (to establish price benchmarks and engage market interest) as part of a far larger auction conducted by Bonas Group, was postponed due to export delays to Thailand. In December 2024, preparatory works were initiated at the Cobra Pit, one of two historically mined open pits at Gravelotte. As shareholders will be aware, independent geological studies confirmed a significant resource potential at Cobra, forming part of an estimated in-situ JORC Mineral Resource of approximately 29 million carats across the project. mining to date this year validates these studies. Hard rock mining of the newly exposed ore zone at Cobra commenced in late January 2025, targeting emerald-bearing schist formations. The geological characteristics observed during extraction strongly align with historical production records, and early results have been highly encouraging in terms of the quality, colour and clarity. Despite heavy seasonal rainfall causing disruption and causing rain related delays, mining, processing and extraction throughout February and March was consistently good. Processed output from the Cobra ore zone has continued to deliver promising results, further supporting confidence in the long-term production potential of the pit and supporting the decision to move to hard-rock mining. GEMR is actively working towards its first trial sale of emeralds and expects to provide the market with further details in the near term. Mining operations at Cobra remain ongoing, and the Company continues to build on the operational momentum achieved since the start of the year. As seasonal conditions begin to improve in Western Australia, the Company is also preparing to commence further site upgrades and field activities at its Curlew Emerald Project. A detailed update on Curlew will be provided shortly. Annuncio • Feb 12
Gem Resources plc Provides Operational Update - Cobra Pit Starts Production Gem Resources Plc provided a further operational update following the successful resumption of mining activities in the Cobra Open Pit. This marks a significant milestone as GEMR undertakes its own hard rock mining operations within the historic Gravelotte deposit where the initial results are ahead of historical results. Key Operational Developments: Since the commencement of mining activities in the Cobra open pit on 20 January 2025, the Company has undertaken the following key activities and made significant progress: Ore Zone Access and Mining Progression: The Company has commenced exposing the targeted ore-bearing zone by removing overburden (i.e. the material covering the ore-bearing material) on the southern side of the Cobra Open Pit. Following the completion of overburden stripping, direct ore extraction has commenced seamlessly. Higher-Grade and Quality Ore Extraction: Initial mining from the newly exposed ore zone in the Cobra Open pit has yielded both high-grade and high-quality emerald-bearing material. The geological characteristics observed align with historical production data, supporting the potential for continued high-quality recoveries from the Cobra Open pit Processing Plant Performance & Upgrades: The Company's processing plant has now successfully achieved grades of up to 60 carats per tonne, underscoring the strong potential of the deposit. Ongoing upgrades to the processing plant have proven highly successful, resulting in significantly improved throughput. Phased Ramp-Up & Expansion of Operations: In line with the Company's capital-efficient phased approach, GEMR is steadily ramping up mining activities at the Cobra Open Pit. Phase 2, as announced in December 2024, has focused on establishing a steady supply of high-grade ore while optimizing processing efficiencies. The Company remains committed to increasing production volumes in a measured and controlled manner, aligning with market conditions and optimizing sale /auction preparation. GEMR continues to actively stockpile emeralds in preparation for its first sale or auction Market Conditions & Emerald Demand The emerald market continues to demonstrate resilience, with prices remaining strong. Unlike the diamond sector, which has faced pricing pressures due to increased competition from lab-grown alternatives, the demand for high-quality, naturally mined emeralds remains robust. Annuncio • Dec 13
Gem Resources plc Provides an Operational Update Regarding Progress At Its Gravelotte Emerald Mine in South Africa Gem Resources Plc provided an operational update regarding progress at its Gravelotte Emerald Mine in South Africa. Processing Plant Upgrades Completed: The refurbishment and upgrades to the processing plant have been successfully completed. This translates to an average of approximately 100 tonnes of ore processed per day. Operational Reliability: Since completion of the upgrades, the plant has operated without any downtime related to breakdowns, a testament to the quality and durability of the enhancements. Phase 2 Operations Commence: The success of the plant upgrades has enabled the Company to progress to Phase 2, with active mining operations now underway in the Cobra Open Pit. This marks a critical step toward securing a steady supply of high-grade ore for processing and further enhancing the quality and quantity of emeralds recovered. Seasonal Annual Leave shutdown: In line with industry practice and local regulations, Gravelotte will undergo a seasonal shutdown from mid-December to early January, during which the workforce will take their annual leave. Security will remain on site throughout the period, and operational activities are scheduled to resume on 6 January 2025. Significant Cost Saving: It is estimated that by constructing most of the equipment in-house and working with local engineering workshops, the Company has managed to achieve the upgrades at a c. 75% cost-saving compared to buying new equipment, like the double deck sizing and washing screen. Phased Operations As previously announced, the Company has taken a measured and cash conscious phased approach to the restart of operations at the Gravelotte Emerald Mine. The new custom-made double deck vibrating and sizing screen are also performing well, and the screen's robust design and larger capacity have already increased daily processing volume and reduced downtime. Following the completion of the planned processing plant and site upgrades, GEMR has now initiated Phase 2 of operations which includes ongoing active mining in the Cobra Open Pit. Annuncio • Nov 05
Gem Resources plc Provides an Operational Update on Its Activities This Quarter At the Gravelotte Emerald Mine Gem Resources Plc provided an operational update on its activities this quarter at the Gravelotte Emerald Mine. Phase 1 Restart Progress Phase 1 of the Gravelotte's restart has been underway for approximately six months. During this period, the Company has processed approximately 5,500 tonnes of ore, primarily sourced from tailings and stockpiled materials. Initial results from Phase 1 have highlighted several key items and opportunities to enhance operational efficiency. To capitalize on these findings, GEM has engaged two local engineering firms to support its in-house team in manufacturing, installing, and modifying components within the processing plant which will boost its production capacity. In addition, this initiative aims to improve recovery rates, and minimise delays caused by equipment downtime. Additionally, general site infrastructure has been systematically upgraded since the start of Phase 1. A major improvement involves replacing the current screening trommel with a custom-made double deck vibrating washing and sizing screen. Phase 2 Upon completing the planned processing plant upgrades, GEM will shortly initiate active mining in both the Cobra and Discovery open pits. This next phase will be a critical step in further ramping up production, improving the quality of the emeralds recovered as well as establishing a steady supply of high-grade ore for processing. Annuncio • Jul 22
URA Holdings plc Announces Production and Operational Update for the Gravelotte Emerald Mine URA Holdings Plc announced a production and operational update for the Gravelotte Emerald Mine (‘GEM’) following the commencement of phased production, 11 weeks ago, on 29 April 2024. Highlights: Early production targets achieved. Following improvements in systems and processes: Optimal emerald recovery rate in excess of 80% has been established. Current average emerald grade of over 30 carats per tonne, exceeding the average JORC resource grade estimate. Average current processing rate of between 60 and 70 tonnes per day, with further increases to be implemented in the coming months. Several larger emeralds recovered, including a 50-carat emerald recovered in July 2024 from mining operations. First trial emerald sale on targetfor later in second half of 2024. Excellent safety record: No 'lost time injuries' or reportable accidents have occurred since the commencement of production. Management team reinforced: appointment of an experienced gemstone Sorting, Grading and Sales Manager. Final ministerial approval received for URA's acquisition of the Gravelotte Emerald Project. Additional Prospecting Licence received for an area located adjacent to the current GEM mining licence. The Gravelotte Emerald Mine (GEM) has commenced phased production as of 30 April 2024. Key highlights of the operational activities are as follows: Emerald Recovery: The integrated processing and sorting circuit has been optimised and has resulted in an improvement from an approximately 50% recovery (at the start of production in late April 2024) to now achieving over 80% recovery rate, considered optimal for the current operations. Several larger emeralds including a 50-carat emerald was successfully recovered in July. Regular recovery rate audits are conducted to ensure that the recovery rates are maintained. Emerald Grade: Following the optimisation of the processing and sorting circuits, the current emerald grade being achieved is now over 6 grams per tonne (30 carats per tonne), which aligns, and even exceeds, the JORC resource grade estimation at the GEM. This consistency demonstrates the effectiveness of mining and processing strategies. Processing Rate: Through improvements in systems and processes, an average processing rate of 60 to 70 tonnes per day is being achieved. Further increases in processing capacity are planned in the coming months to enhance production. Safety: Since the commencement of production, there have been no lost time injuries or reportable accidents, underscoring commitment to providing a safe and efficient working environment. Annuncio • May 31
URA Holdings Plc, Annual General Meeting, Jun 27, 2024 URA Holdings Plc, Annual General Meeting, Jun 27, 2024. Location: the offices of orrick, herrington and sutcliffe uk llp, 9th floor, 107 cheapside, ec2v 6dn, london United Kingdom New Risk • Mar 19
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (13% average weekly change). Earnings have declined by 29% per year over the past 5 years. Shareholders have been substantially diluted in the past year (89% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (€6.30m market cap, or US$6.83m). Minor Risk Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Annuncio • Feb 29
URA Holdings Plc has completed a Follow-on Equity Offering in the amount of £0.475 million. URA Holdings Plc has completed a Follow-on Equity Offering in the amount of £0.475 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 23,750,000
Price\Range: £0.02
Transaction Features: Subsequent Direct Listing New Risk • Feb 29
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 89% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (15% average weekly change). Earnings have declined by 29% per year over the past 5 years. Shareholders have been substantially diluted in the past year (89% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (€6.45m market cap, or US$6.99m). Annuncio • Dec 20
URA Holdings Plc Announces Operational Update for Its Gravelotte Emerald Mine URA Holdings plc announced an operational update for its Gravelotte Emerald Mine. Custom-made Optical Sorter manufactured by Angelon Electronics Co Ltd. in China has been completed and final payments have been made. Optical Sorter has now been shipped and is expected to arrive at the port in South Africa in mid to late January 2024. Once the Optical Sorter has arrived on site Angelon will send a crew to site from China for assembly and commissioning. Phase 1 ready processing plant is more than 65% completed and awaiting the arrival of the Optical Sorter. A primary crusher and primary sizing screen with associated conveyors and dewatering pumps, are all in the process of being procured and installed into the current circuit. Trial mining and processing activities can potentially re-start within a short period of months from now, subject to all to the upgrades and the commissioning of the Phase 1 plant continuing to progress on schedule. Annuncio • Nov 23
URA Holdings Plc has completed a Follow-on Equity Offering in the amount of £1 million. URA Holdings Plc has completed a Follow-on Equity Offering in the amount of £1 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 80,000,000
Price\Range: £0.0125
Transaction Features: Subsequent Direct Listing Annuncio • Sep 06
URA Holdings Plc Provides Gravelotte Mine Development Update URA Holdings plc announced an operational update for its 74% owned Gravelotte Emerald Mine ("GEM" or Gravelotte"). Highlights: Significant progress has been made onsite at Gravelotte in preparation of the phased restart of mining and processing operations. Order placed for the custom-made Optical Sorter following completion of testwork: Visited Angelon Electronics Co Ltd. ("Angelon") in China and conducted Gravelotte emerald recovery testwork; Optical sorter testwork conducted at Angelon was very successful and achieved similar results and recovery rates to those previously achieved from testwork conducted in Germany; Angelon has custom designed the optical sorter based on the testwork results and following the success of the testwork; The quality of their machinery and components were also inspected and were found to be of high quality; The costs for a comparative optical sorter from Angelon are significantly cheaper than from German manufacturers and the manufacturing lead time is a quarter of the time, o An order has now been placed for the custom optical sorter from Angelon. Phase 1 ready processing plant is more than 60% completed. A primary crusher and primary sizing screen with associated conveyors and dewatering pumps, are all in the process of being sourced, acquired and installed into the current circuit. A secure final grading facility to be incorporated into the final plant design can now commence construction following receipt of final optical sorter specifications and footprint post placement of the order. Trial mining and processing activities can potentially re-start as soon as 6-8 months from now, subject to all to the upgrades and the commissioning of the Phase 1 plant progressing on schedule. Annuncio • Jun 28
URA Holdings plc Announces Operational Update for its 74% Owned Gravelotte Emerald Mine URA Holdings plc announced an operational update for its 74% owned Gravelotte Emerald Mine (GEM or Gravelotte). Highlights: Significant on site work completed as part of preparing for the restart of mining operations at the Gravelotte Emerald Mine. The following items have now been completed: Upgrade of water supply and water storage capacity available for processing operations; Completion of site security upgrades and electrical fencing; Establishing, rehabilitating and upgrading of the main haulage roads between the open pits and processing plant; Rehabilitating and upgrading of the main electrical infrastructure; Approximately 1.5ha of historic gold slimes and tailings have been rehabilitated; Management accommodation has been refurbished; Upgrading of the dewatering and screening circuit# and Engineering drawings completed to upgrade the existing processing plant and include an additional crushing and milling circuit as well as a vibrator to increase throughput. Annuncio • Jun 03
URA Holdings Plc, Annual General Meeting, Jun 30, 2023 URA Holdings Plc, Annual General Meeting, Jun 30, 2023, at 09:00 Coordinated Universal Time. Location: The offices of Orrick, Herrington & Sutcliffe (UK) LLP 9th Floor 107 Cheapside London United Kingdom Annuncio • Nov 22
URA Holdings plc Provides Drilling/Production Report URA Holdings plc announced an independent maiden JORC Mineral Resource estimate for its 74% owned Gravelotte Emerald Mine ("GEM" or Gravelotte"). The maiden Resource estimate, reported in compliance with JORC (2012), was substantially larger than indicated when Gravelotte was purchased by the Company in March 2022. Historical exploration work suggested a significant exploitable emerald resource still remains at Gravelotte; however, the maiden formal Mineral Resource established by ACA Howe's JORC compliant Report is more than three times that previously suggested, including by Magnum Mining. Furthermore, while the JORC Report took an overview of the licence area as a whole, it focussed on two of the most promising areas. As stated above, taking into account the whole licence area the potential emerald content is much more substantial, as indicated by the JORC Exploration Target stated above. The maiden JORC Resource at this historically major mine area is of major international significance. As previously explained, the resources so far explored or reviewed are generally close to surface and exploitable through open pit operations, although historical drill hole data suggests that further exploration is warranted at depth. Much of the historic mining infrastructure remains in place and can be upgraded for reuse. While the Company will need to acquire a modest amount of new mining and processing equipment, company expect to be able to bring Gravelotte back into initial production relatively quickly. The most recent emerald auction carried out in September 2022 by Gemfields Group Limited achieved an average price for low to mid quality emeralds of $9.01 per carat, one of the highest ever. URA would expect a significant proportion of its emeralds would be of higher quality; however, even at the quite conservative price achieved in the Gemfields auction, the current JORC Resource estimate of 29 million carats alone would have an estimated value of some $261m. ACA Howe was commissioned in April 2022 to undertake a Mineral Resource Estimate in respect of the Gravelotte Emerald Mine, South Africa. The Mineral Resources have been reported in accordance with the guidelines of the "Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (2012 Edition)" ("JORC Code"). Cobra Main Zone is defined as that area below the Inferred Resource from 10.5 to 14 Levels (510 - 485 RL). The majority of the drilling by previous owners did not test these depths, however the deepest hole intersected emerald-bearing schist down to 490 RL. The Cobra Far North area extends from approximately 1010N to 1300N, from the north-eastern limit of the Cobra Inferred Resource. Little exploration has been undertaken further north than 1300N. However, preliminary pitting by Magnum in this area has identified MF reaction-type zones between 1300N and the airstrip. Limited sub-surface data is available on the Cobra South area, however geological mapping and past mining provides evidence of geological continuity and continuity of emerald-bearing schist from 570N to approximately 320N. The Exploration Target has been extended to the deepest drill intersection of emerald-bearing schist at 10 Level (approximately 45 metres ("m") below surface). Discovery Main, in part, is the focus of the Micro Fracture Related ("MFR") style of mineralisation. A number of angled holes were drilled by previous owners on the north facing benches of the pit, where the +/- 60° core holes drilled northwards by Golden Dumps contain significant MRF mineralisation for long distances down-hole and along the section lines. The deepest emerald intersection at Discovery is approximately 200 m below surface or approximately 155 m below the Inferred Resource, though this was a single emerald grain. The deepest zone with more consistent emerald grain counts is approximately 115 m below surface or 70 m below the Inferred Resource. Therefore, the extension of the Exploration Target to only 30 m below the Inferred Resource is conservative. Discovery South is located opposite Discovery North covering the southern face and adjacent to the Discovery Hill mineralisation. A fence of drilling extends southwest from the Discovery pit for 150 m. Significant consecutive emerald grain counts were recorded in schist in three drill holes, up to 30 or 40 m from the southern edge of the pit. Discovery Hill comprised an 14-18ha area of the north facing hill slope below the quartz deposit at the crest of the Discovery hill and is possibly the most important of the Discovery Exploration Targets, offering significant emerald recoveries from both trenches and drill holes and exposing MF metavolcanics over its entire surface area. The MF metavolcanics may extend as much as 100 m below surface here. Board Change • Nov 16
Less than half of directors are independent There are 4 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. 1 independent director (4 non-independent directors). Senior Independent Non-Executive Director John Treacy is the most experienced director on the board, commencing their role in 2021. They were also the last independent director to join the board. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. Annuncio • Oct 28
URA Holdings Plc Announces Retirement of Michael James Langoulant as the Company Secretary The Board of URA announced, with effect from 28 October 2022, the retirement of Michael James Langoulant as the Company Secretary. The board thanks Mike Langoulant for his services since his appointment and wish him well in his present activities. Board Change • Sep 22
Less than half of directors are independent There are 4 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. 1 independent director (4 non-independent directors). Senior Independent Non-Executive Director John Treacy is the most experienced director on the board, commencing their role in 2021. They were also the last independent director to join the board. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. Board Change • Jul 07
Less than half of directors are independent There are 4 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. 1 independent director (4 non-independent directors). Senior Independent Non-Executive Director John Treacy is the most experienced director on the board, commencing their role in 2021. They were also the last independent director to join the board. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. Annuncio • Jun 02
URA Holdings Plc, Annual General Meeting, Jun 29, 2022 URA Holdings Plc, Annual General Meeting, Jun 29, 2022, at 10:00 Coordinated Universal Time. Location: at the offices of Shakespeare Martineau LLP, 6th Floor, 60 Gracechurch Street, EC3V 0HRon London United Kingdom Agenda: To consider and receive the report of the directors and the financial statements of the Company for the year ended 31st December 2021; to approve the Directors' Remuneration Policy, as set out on pages 15 to 18 of the 2022 Annual Financial Report, which takes effect immediately after the end of the AGM; to approve the remuneration report set out on pages 13 to 14 of the annual report for the year ended 31st December 2021; to re-elect, as a director of the Company, Sam Mulligan, who retires in accordance with Article 83 of the Company's Articles of Association and offers himself for re-election; to re-elect, as a director of the Company, Edward Nealon, who retires in accordance with Article 83 of the Company's Articles of Association and offers himself for re-election; and to consider any other matters. 