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.
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
Enquiries:
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Metals One Plc
Jonathan Owen, Chief Executive
Officer
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via Vigo Consulting
+44 (0)20 7390 0234
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Beaumont Cornish Limited (Nominated Adviser)
James Biddle / Roland
Cornish
www.beaumontcornish.com
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+44 (0)20 7628 3396
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SI
Capital Limited (Joint Broker)
Nick Emerson
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+44 (0)14 8341 3500
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Capital Plus Partners Limited
(Joint
Broker)
Keith Swann
https://www.capplus.co.uk/
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+44 (0)20 3821 6169
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Vigo Consulting (Investor Relations)
Ben Simons / Kendall Hill
metalsone@vigoconsulting.com
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+44 (0)20 7390 0234
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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 km2 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.
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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
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Co
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Cobalt
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Cu
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Copper
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electromagnetic ("EM")
anomalies
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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
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massive sulphide
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metal sulphide ore deposit which
consists almost entirely of sulphides
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Ni
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nickel
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