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The latest announcement is out from Kingsrose Mining Ltd ( (AU:KRM) ).
Kingsrose Mining Limited has acquired the Jakon nickel-copper-cobalt project in Central Finland from Rio Tinto Exploration Finland Oy, enhancing its portfolio within the Kotalahti Nickel-Copper-Cobalt Belt. This acquisition, part of Kingsrose’s Exploration Alliance with BHP, strengthens its presence in the region with a total of 1,198 km² under exploration. The Jakon project is strategically located near the past-producing Hitura Ni-Cu mine and is considered underexplored for high-grade sulphide mineralization. Historical drilling has confirmed significant nickel-copper sulphide intercepts, presenting further exploration opportunities. The acquisition is funded by BHP, with terms including cash payments and a net smelter royalty to RTX, reflecting a strategic move to bolster Kingsrose’s exploration capabilities and market positioning.
More about Kingsrose Mining Ltd
Kingsrose Mining Limited operates in the mining industry, focusing on the exploration and development of mineral resources. The company is involved in the extraction of nickel, copper, and cobalt, with a strategic market focus on expanding its mineral portfolio through partnerships and acquisitions, particularly within the Kotalahti Nickel-Copper-Cobalt Belt in Finland.
YTD Price Performance: -12.50%
Average Trading Volume: 609,220
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$26.75M
Find detailed analytics on KRM stock on TipRanks’ Stock Analysis page.