Kingsrose Completes drilling , acquires 51% of Rana Project

Kingsrose Mining Limited (ASX: KRM) has completed its drilling program and acquired a 51% interest in the Råna Nickel-Copper-Cobalt project. The company has satisfied the conditions of the Transaction Implementation Agreement, earning its stake by investing AU$3 million and drilling over 5,000 meters. As part of the agreement, Kingsrose issued 1,000,000 fully paid ordinary shares to Metals One Plc, the nominee of Scandinavian Resource Holdings Pty Ltd. The recent drilling program at Råna has been completed, totalling 706 meters over three drill holes. The laboratory analyses the drill core samples and will announce the results soon.

Kingsrose Mining Limited intends to increase its stake in the Råna Project to 65% by investing an additional AU$4 million before July 24, 2028. This investment represents the third milestone in the company's staged project acquisition.

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