Kingsrose Advances Finnmark Targeting as Penikat Permitting Faces Setback but Cash Remains Strong

Kingsrose Mining Ltd ( (AU:KRM) ) has issued an announcement.

Kingsrose Mining’s December 2025 quarter centred on data integration and target generation across its BHP-funded Finnmark Alliance in Norway, where extensive airborne gravity and electromagnetic surveys, mapping and sampling are being used to prioritise 10–15 high-potential camp-scale targets for 2026 exploration. The company continues to strengthen relationships with local rightsholders, including reindeer herders, and is planning its 2026/27 work programs, while in Finland a court overturned the Penikat Area 1 exploration permit on technical administrative grounds and remanded it to the regulator for reconsideration; Kingsrose is now working with authorities and advisers to secure drilling approvals in Penikat Areas 4, 5 and potentially 6 from late 2026, as environmental review progresses positively and the group pursues new M&A opportunities, maintains a strong A$22.4m cash balance, and defers further work at Råna in response to weak nickel market conditions.

The most recent analyst rating on (AU:KRM) stock is a Hold with a A$0.05 price target. To see the full list of analyst forecasts on Kingsrose Mining Ltd stock, see the AU:KRM Stock Forecast page.

More about Kingsrose Mining Ltd

Kingsrose Mining Limited is an ASX-listed exploration company focused on a large Fennoscandian portfolio of nickel, copper and platinum group element (PGE) projects. Its activities include one of Europe’s largest generative exploration programs through a BHP-funded alliance in Norway’s Finnmark region and advancing permitting for its 100%-owned Penikat PGE project in Finland, alongside its Råna nickel-copper-cobalt project in Norway.

Average Trading Volume: 977,568

Technical Sentiment Signal: Sell

Current Market Cap: A$37.68M

For an in-depth examination of KRM stock, go to TipRanks’ Overview page.