Kingsrose Mining announced the completion of drilling activities at its Råna nickel-copper-cobalt project in northern Norway. Following the completion of 706m in this drilling campaign the company has now drilled more than 5000m at the project. Together with incurring more than three million AUD in exploration expenditures, this means that the company satisfied the second earn-in phase and now controls 51% of the project. To earn up to 65% the company needs to incur a further 4 million of expenditure by July 24, 2028.
Arctic Drilling in operation near Råna, Norway (Source: www.kingsrose.com)
