"Fabian Baker, Kingsrose Managing Director, commented “Råna is a very exciting nickel-copper-cobalt sulphide exploration project which complements Kingsrose’s growing critical metals portfolio in the Nordics. Syn-orogenic mafic-ultramafic intrusions analogous to Råna host some of the highest-grade deposits globally, such as Nova-Bollinger and Kabanga. Mineralisation at the Bruvann deposit provides proof of concept that the system is fertile and capable of producing high tenor magmatic nickel sulphide."
And....
Newexco consultants in Australia have been engaged to assist with interpretation of the FLEM and MT data given their experience with similar nickel sulphide exploration projects, including the Nova Bollinger project in the Albany-Fraser Orogen, Western Australia
Somehow I swear this co is trying to keep this as quiet as they possibly can.
In the last update ann for Rana the market also completely looked over the unexplored mafic ultramafic intrusion in the 30sqkm licence holding to the South. That's still early stage but looking forward to seeing the modelling for that also.
Could they quickly prove up a 10mt+ resource just through extensions? Anything up to 1%ni eq plus cu and co credits circa north 1B inground value. Not to mentioned what they may find regionally.
KRM Price at posting:
6.5¢ Sentiment: Buy Disclosure: Held
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