Penikat update in q1 2024. And by update, to me it reads "plans to drill". As expected
Interesting part for me is the Xplor programme Kingsrose attended the BHP Xplor Showcase session in Brisbane in June 2023 which signified the end of the BHP Xplor program, .... Kingsrose has identified two prospective nickel-copper belts in Norway and Finland (Figures 3 and 4) which are underexplored. The Xplor program supported a detailed geochemical, geophysical and remote sensing data processing and interpretation exercise, designed to identify and rank potentially mineralised mafic-ultramafic intrusions, produce a regional geological and structural interpretation of the belts, and reach a decision point on areas of interest for further exploration work. In parallel with the technical work, a comprehensive cultural and social engagement plan is being developed and implemented.The details of future plans for the target areas identified through the Xplor program will be announced in due course.
Clearly have their eyes set on potential additional projects in the regions, and are doing the due diligence in cultural and social angles before diving in (avoiding reindeer herding issues, for example).
Rana remains the short term (and promising) wildcard to provide action prior to a) a purchase and b) drilling other projects in 2024
Cashed up to the eyeballs. Find me another explorer with this amount of cash, let alone prospectivity
KRM Price at posting:
6.7¢ Sentiment: Buy Disclosure: Held
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