Jonathan Owen of Metals One: Drilling to start next to Europe's largest operating nickel mine
Jonathan Owen, CEO of discusses how drilling is about to commence at their Black Schist Project, which is located next to Europe's largest operating nickel mine. Jonathan also explains why the company has formally submitted six new licence applications and reservations in both the Rautavaara and Paltamo project areas which constitute the Black Schist Project.
Highlights
Metals One #MET1, which is advancing battery metal projects at brownfield sites in Finland and Norway, announces that the Finnish Safety and Chemicals Agency ("Tukes") has granted the Company an extension to its Rauta 9-11 licence at the Black Schist Project (nickel, copper, cobalt, zinc).
Metals One now has the right to prospect on all land within the licence for an additional three years until November 2026, and the Company will next week commence a ~1,600m diamond drilling programme at an extension to the Rautavaara S "R1" target in the Rauta 9-11 licence area (referred to by the Company as the "R1 Hook").
The licence extension was granted following extensive landowner and community consultation, as well as an inspection of the Company's proposed exploration programme, and will enable Metals One to focus on significantly increasing the Black Schist Project's existing Inferred Mineral Resource of 28.1 Mt of Talvivaara-type mineralised material at a grade of 0.19% Ni (53,800t), 0.10% Cu (27,900t), 0.01% Co (3,400t) and 0.38% Zn (180,000t).
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