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Kendrick Resources PLC - London-based, Scandinavia-focused mineral exploration and development company - Announces delineation of new nickel drill targets at following ground magnetic and electromagnetic surveys at its Espedalen nickel complex in Norway. Says the surveys have identified two prospective areas with a magnetic signature similar to the near-surface main zone of the known mineralisation. Chair Colin Bird says: "The successful 2023 diamond drill programme achieved notable [nicker-copper] intercepts over a strike length of 1.2 kilometres. These new geophysical survey results provide the evidence and motivation to expand the resource at the Stormyra deposit located within the Espedalen nickel and copper complex. The results will form part of further technical studies leading to drilling. The opportunity to build on the historical mineral resource of 1.1 metric tonnes at 1.1% nicand 0.50% copper is looking extremely likely, placing Stormyra as the forefront deposit within the Espedalen complex for development."
Current stock price: 1.51 pence, down 7.3%
12-month change: down 59%
By Sabrina Penty, Alliance News reporter
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