Completion of a minimal 700 metres of drilling will fulfill the drilling milestones below a earlier settlement with Kingsrose and Canada’s International Power Metals, every holding a ten% curiosity within the mission. Kingsrose can earn as much as 75% via its settlement with Metals One.
“This strategic work program is aimed toward testing two compelling anomalies characterised by extremely conductive EM responses down dip of nickel-copper-cobalt mineralized large sulphide in outcrop, which have been recognized throughout final yr’s core drilling and are positioned inside a beforehand undrilled space,” Metals One CEO Jonathan Owen mentioned in a information launch.
“We stay up for updating shareholders on progress on the Råna mission as Kingsrose continues to construct on the high-grade outcomes from final yr’s drilling to confirm the largely underexplored Råna intrusion’s scale potential,” Owen mentioned.
Drilling is anticipated to be accomplished in early September, with assay outcomes anticipated in October to November.
Metals One additionally owns the Black Schist mission in Finland, which has an inferred mineral useful resource of 57.1 million tonnes at grades of 0.18% nickel, 0.09% copper, 0.01% cobalt and 0.35% zinc, and is adjoining to Europe’s largest working nickel mine, Terrafame.