REG - Metals One PLC - Råna Ni-Cu-Co Project, Norway – Drilling Update

Metals OneAnnouncement

12/08/2024 07:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20240812:nRSL9511Za&default-theme=true

RNS Number : 9511Z  Metals One PLC  12 August 2024

 

12 August 2024

 

Metals One Plc

("Metals One" or the "Company")

 

Råna Ni-Cu-Co Project, Norway - Drilling Update

 

Metals One (AIM: MET1), which is advancing strategic minerals projects in
Finland and Norway, is pleased to announce the Company's Råna Project
(nickel, copper, cobalt) partner and operator, Kingsrose Mining Limited (ASX:
KRM) ("Kingsrose"), has now commenced drilling at the Råna Project in Norway.
Arctic Drilling AS has been engaged to complete the drilling, which has been
designed to test compelling exploration targets comprising shallow, highly
conductive electromagnetic (EM) anomalies immediately down dip from
mineralised nickel-copper-cobalt massive sulphide at surface.

 

Figure 1: Arctic Drilling AS commencing drilling operations at Rånbogen

 

 

Kingsrose's full announcement is available at: https://www.kingsrose.com/news
(https://www.kingsrose.com/news) .

 

Metals One Chief Executive Officer, Jonathan Owen, provides further background
to the drilling programme and other Company updates via Vox Markets -
available here:

https://www.voxmarkets.co.uk/articles/q-a-with-jonathan-owen-from-metals-one-8563572
(https://www.voxmarkets.co.uk/articles/q-a-with-jonathan-owen-from-metals-one-8563572)

 

Enquiries:

 

 Metals One Plc                                                       via Vigo Consulting

 Jonathan Owen, Chief Executive Officer                               +44 (0)20 7390 0234

 Beaumont Cornish Limited (Nominated Adviser)                         +44 (0)20 7628 3396

 James Biddle / Roland Cornish

 www.beaumontcornish.com (http://www.beaumontcornish.com)

 SI Capital Limited (Joint Broker)                                    +44 (0)14 8341 3500

 Nick Emerson

 Capital Plus Partners Limited (Joint Broker)                         +44 (0)20 3821 6169

 Keith Swann

 https://www.capplus.co.uk/ (https://www.capplus.co.uk/)

 Vigo Consulting (Investor Relations)                                 +44 (0)20 7390 0234

 Ben Simons / Kendall Hill

 metalsone@vigoconsulting.com (mailto:metalsone@vigoconsulting.com)

 

About Metals One

 

Metals One is developing strategic metals projects in Finland (Black Schist
Project) and Norway (Råna Project), with approximately £9 million of
exploration carry exposure through a farm-in agreement. Metals One is aiming
to help meet the significant demand for strategic minerals by defining
resources on the doorstep of Europe's major electric vehicle OEMs and battery
manufacturers. Metals One's Black Schist Project in Finland, totalling 706
km(2) across three licence areas, has a total Inferred Resource of 57.1 Mt
nickel-copper-cobalt-zinc and is located adjacent to one of Europe's largest
strategic minerals producers, Terrafame. Metals One's fully carried Råna
Project in Norway covers 18.14 km² across three contiguous exploration
licences, with significant opportunity for exploration of the Råna intrusion,
and proven potential for massive sulphide nickel-cobalt-copper mineralisation.

 

Follow us on social media:

 

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

X (Twitter): https://twitter.com/metals_one_plc

 

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

 

Nominated Adviser

 

Beaumont Cornish Limited ("Beaumont Cornish") is the Company's Nominated
Adviser and is authorised and regulated by the FCA. Beaumont Cornish's
responsibilities as the Company's Nominated Adviser, including a
responsibility to advise and guide the Company on its responsibilities under
the AIM Rules for Companies and AIM Rules for Nominated Advisers, are owed
solely to the London Stock Exchange. Beaumont Cornish is not acting for and
will not be responsible to any other persons for providing protections
afforded to customers of Beaumont Cornish nor for advising them in relation to
the proposed arrangements described in this announcement or any matter
referred to in it.

 

Glossary

 

 Co                                Cobalt

 Cu                                Copper

 electromagnetic ("EM") anomalies  electromagnetic (EM) surveys are a common technique to help narrow down
                                   drilling targets. EM anomalies "light up" on a resistivity map based on
                                   conductivity, giving an indication for a drill target when looking for
                                   specific metals

 massive sulphide                  metal sulphide ore deposit which consists almost entirely of sulphides

 Ni                                nickel

 

 

 

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://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 (https://www.lseg.com/privacy-and-cookie-policy)
.   END  UPDUKUURSSUWRAR