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IN BRIEF: Metals One pleased with progress at Ranbogen prospect

Mon, 23rd Oct 2023 17:20

Metals One PLC - London-based firm advancing battery metal projects at brownfield sites in Finland and Norway - Announces that the SRH Rana project partner and operator, Kingsrose Mining Ltd, has reported results from the first two holes drilled at the Ranbogen prospect and a further hole at Bruvann as part of the 5,000 metre diamond drilling programme. Notes drilling has delivered high-grade massive sulphide nickel, cobalt and copper mineralisation in both holes over an interpreted strike length of 150 metres, within a previously undrilled area which is open along strike and down dip.

Jonathan Owen, chief executive, says: "We are pleased to report that our SRH Rana project partner Kingsrose has discovered a new high-grade, relatively shallow nickel-copper sulphide zone at the Ranbogen prospect. These results, including the interception of two stacked zones of sulphide mineralisation, confirm the scale potential of the Rana intrusion, with the exposed lower zone underexplored and highly prospective."

Current stock price: 3.00 pence

12-month change: down 33%

By Jeremy Cutler, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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