25th Jul 2024 18:42
Metals One PLC - mining company focused on developing strategic metals projects in Finland and Norway - Says that Kingsrose Mining Ltd, its partner and operator on the Rana Project in Norway, has entered a service agreement with Arctic Drilling AS to start helicopter supported core drilling at the Ranbogen prospect. Drilling is anticipated to complete in early September 2024, with assay results expected in October to November.
Chief Executive Officer Jonathan Owen says: "It's great news that Kingsrose is ready to begin drilling again at the Rana Project. This strategic work programme is aimed at testing two compelling anomalies characterised by highly conductive EM responses down dip of nickel-copper-cobalt mineralised massive sulphide in outcrop, which were identified during last year's core drilling and are located within a previously undrilled area."
Current stock price: 0.94 pence
12-month change: down 79%
By Holly Beveridge, Alliance News senior reporter
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