Kingsrose Mining Limited (ASX:KRM) completes acquisition and drilling at Rana Project

Kingsrose Mining Limited (ASX:KRM) has announced the completion of the Transaction Implementation Agreement for its staged investment into the Rana Nickel-Copper-Cobalt project. The company has earned a 51% interest in the Rana Project by incurring $3 million of expenditure and drilling over 5,000 meters. Additionally, Kingsrose has issued 1,000,000 fully paid ordinary shares to Metals One Plc as part consideration for the earn-in.

Executive Commentary on Rana Project and Future Plans

Fabian Baker, Kingsrose Managing Director, stated, 'We have successfully applied modern exploration techniques and interpretation to the Rana project, which has demonstrated a large and prospective project for the discovery of high-grade sulphide nickel-copper-cobalt mineralisation. We look forward to the results of recently completed drilling and rolling out our proven targeting methodology across a wider area of the project.'

Summary of Kingsrose's Rana Project Acquisition and Future Milestones

Kingsrose Mining Limited (ASX:KRM) has successfully completed the acquisition of a 51% interest in the Rana Project and the recent drilling program. The company intends to proceed to earn a 65% interest in the Rana Project by incurring a further $4 million of expenditure prior to 24 July 2028. Kingsrose's focus on modern exploration techniques and interpretation demonstrates its commitment to discovering high-grade mineralisation. The company's future plans involve rolling out its proven targeting methodology across a wider area of the project, aiming to achieve its milestones and further develop the Rana Project.