Kingsrose Mining Ltd (AU:KRM) has released an update.
Kingsrose Mining Ltd had a pivotal quarter, forming two Exploration Alliances with BHP to explore mineral belts in Norway and Finland, including an initial commitment of A$7.75 million for the first year and potential funding of up to A$31 million over four years. The company received key permits for its Penikat project in Finland, marking a significant step towards drilling, and is actively reviewing several advanced exploration projects for acquisition to enhance its portfolio. Kingsrose remains financially robust with a cash balance of A$26.23 million as of June 30, 2024.
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