Kingsrose Wins Key Finnish Permit Ahead Of Planned Penikat Drilling
Closing price · 2026-10-27: $0.019 · +0.00%
Kingsrose Mining received Finnish approval for an exploration permit and enforcement order at Penikat, allowing up to 5,000 metres of drilling across successive years, with drilling targeted to begin in January 2027 subject to the appeal period. In Norway, the company is pursuing funding partners for Finnmark exploration, while revised legislation extends licence tenure and is expected to reduce annual tenure costs by up to approximately A$400,000. Cash was A$17 million at quarter-end, down from A$18 million at the previous quarter-end.