Kendrick Resources PLC (GB:KEN) has released an update.
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Kendrick Resources PLC, a mineral exploration firm focusing on battery metals in Scandinavia, reported a loss before tax of £1.1 million for the year ended 29 December 2023, slightly higher than the previous year’s £1.04 million. The company’s cash position decreased to approximately £200K from £1.818 million in 2022, and net assets were valued at £4.58 million. Significant advancements included drilling programs at their major projects, which suggest the potential doubling of resources, and the strategic acquisition of Swedish Nickel, with promising results likened to Canada’s Thompson Nickel Belt.
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