Australia's Kingsrose Mining falls on appeal against exploration permit in Northern Finland project

Kingsrose Mining

12/08/2024 02:18

** Shares of Kingsrose Mining  KRM.AX  fall as much as 11.4%
to A$0.039, their lowest since June 27
    ** Stock posts its biggest intraday pct fall since May 23
    ** The mineral explorer says an appeal has been lodged
against its exploration permit for Area 1 of the Penikat project
in Northern Finland  
    ** Says drilling at the site may not start until December
2025 
    ** Adds co is confident that permission to drill at Penikat
will be obtained despite the delay in the timeline
    ** Stock has risen 7.3% this year, as of last close

    

 (Reporting by Sneha Kumar in Bengaluru)
 ((Sneha.Kumar@thomsonreuters.com;))