Drilling Contractor Tender - Hammaslahti Project

Metals One

07/05/2025 07:00

RNS Number : 5541H

Metals One PLC

07 May 2025

 

7 May 2025

 

Metals One Plc

("Metals One" or the "Company")

 

Drilling Contractor Tender - Hammaslahti Copper-Zinc Project, Finland

 

Metals One (AIM: MET1), which is advancing critical minerals projects, announces that it has put out a tender for a drilling contractor to provide services for a 2,000m, 10-hole diamond core drill programme at the Company's Hammaslahti Copper-Zinc Project in Finland.

 

The planned drill programme will focus on E-lode, a key target at the project, as well as a greenfield area directly to the north of E-lode. Pending award of the contract and confirmation of rig availability, Metals One intends to commence drilling activities later this year.

 

The Hammaslahti Copper-Zinc Project is prospective for VMS mineralisation and contains the historical Hammaslahti mine which produced over 7Mt at an average grade of 1.16% copper, 1.55% zinc, 0.59 g/t gold and 5.2 g/t silver between 1973 and 1986.

 

Recent drilling by the previous owners identified previously unknown extensions to the Hammaslahti mine mineralisation with multiple intersections of high-grade massive sulphides. Examples of this extensional mineralisation include 3.4m at 11.5% copper and 3 ppm gold. The most recent diamond drilling programme in 2023 was successful in intersecting sulphide mineralisation in each of the eight holes drilled with one occurrence at only 75m depth.

 

Jonathan Owen, CEO of Metals One, commented:

 

"We are looking forward to commencing work at Hammaslahti, one of our two new Finnish copper projects, and are currently in the process of securing an experienced drilling contractor to assist with the drill programme. Reinterpretations of geophysical and geological data show significant potential for new VMS mineralisation which this drilling programme intends to test."

 

Glossary

 

g/t
Grams per tonne
m
Metres
Mt
Million tonnes
ppm
Parts per million
VMS
Volcanogenic massive sulphide

 

Enquiries:

 

Metals One Plc
Jonathan Owen, Chief Executive Officer
Craig Moulton, Chairman
via Vigo Consulting
+44 (0)20 7390 0234
Beaumont Cornish Limited (Nominated Adviser)
James Biddle / Roland Cornish
www.beaumontcornish.com
+44 (0)20 7628 3396
SI Capital Limited (Joint Broker)
Nick Emerson
+44 (0)14 8341 3500
Capital Plus Partners Limited (Joint Broker)
Jonathan Critchley
https://www.capplus.co.uk/
+44 (0)20 3821 6169
Vigo Consulting (UK Investor Relations)
Ben Simons / Kendall Hill / Anna Stacey
metalsone@vigoconsulting.com
+44 (0)20 7390 0234
Fairfax Partners Inc (North America Investor Relations)
connect@fairfaxpartners.ca
+1 604 366 6277

 

About Metals One

 

The race for critical minerals is on. Metals One is pursuing a critical minerals exploration and M&A strategy, underpinned by the Western World's urgent need for reliably and responsibly sourced raw materials such as copper, nickel, cobalt, zinc, uranium and vanadium - all of which are vital to the clean energy transition.

 

Our Northern Europe portfolio comprises copper, nickel, cobalt and zinc projects in Finland and Norway, including a 57.1 Mt nickel-copper-cobalt-zinc Inferred Resource adjacent to one of Europe's largest nickel producers, aiming to help meet Europe's demand for strategic minerals sourced directly from within the continent.

 

Our North America portfolio comprises uranium and vanadium exploration projects in prolific and historical U.S. uranium mining regions, targeting critical minerals essential for U.S. clean energy generation, grid storage, and energy security.

 

Metals One's shares are listed on the London Stock Exchange's AIM Market (MET1).

 

Metals One European projects


 

Follow us on social media:

 

LinkedIn: https://www.linkedin.com/company/metals-one-plc/

X: https://x.com/metals_one_PLC

 

Subscribe to our news alert service on the Investors page of our website at: https://metals-one.com

 

About Reach Announcements

 

Reach is an investor communication service aimed at assisting listed and unlisted (including AIM quoted) companies to distribute media only / non-regulatory news releases such as marketing messages, corporate and product information into the public domain. An RNS Regulatory announcement is required to be notified under the AIM Rules for Companies.

 

This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

 
  END

 

 
NRAPKABNPBKDOPK