Metals One PLC Completion of Drilling at Black Schist Project (0645X)
2023年12月18日 - 4:00PM
RNSを含む英国規制内ニュース (英語)
TIDMMET1
RNS Number : 0645X
Metals One PLC
18 December 2023
18 December 2023
Metals One Plc
("Metals One" or the "Company")
Completion of Drilling at Black Schist Ni-Cu-Co-Zn Project,
Finland
pXRF Core Analysis Indicates Potentially Mineralised
Intersections of Black Schist
Metals One (AIM: MET1), which is advancing battery metal
projects at brownfield sites in Finland and Norway, is pleased to
report it has completed 1,548m of diamond drilling across eight
holes at the R1 Hook target. This target is a highly prospective
extension to the R1 target in the Rauta 9-11 Resource bearing
licence area at the Black Schist Project in Finland, adjacent to
Europe's largest operating nickel mine, Talvivaara.
Diamond drilling was designed to confirm the structure and
potential for Talvivaara-style Ni-Cu-Co-Zn mineralisation.
Pleasingly, initial visual and portable X-ray Fluorescence ("pXRF")
assessments of the core indicates potential intersections of this
style of black shale hosted mineralisation.
Metals One expects to report drilling assay results in early
2024, alongside structural interpretations and the Company's
detailed work programme aimed at materially increasing the Black
Schist Project's existing Resource.
This drill information, combined with new, large and highly
prospective licence reservations and applications surrounding the
Company's existing resources and target areas, underpin the
Company's vision of establishing a highly efficient nickel and
battery metals operation in Europe. The Company looks forward to
outlining these plans in more detail in Q1 2024.
Jonathan Owen, CEO of Metals One, commented:
"We are pleased to have completed our first drill programme at
our Finland project safely, ahead of time and on budget.
Visual and pXRF assessments of the core indicates potential
intersections of black schist style mineralisation. This is an
encouraging step towards materially increasing the project's
existing Inferred Mineral Resource of 28.1 Mt of Talvivaara-style
Ni-Cu-Co-Zn mineralisation. This style of mineralisation has proven
to be a low cost, low carbon intensive source of battery metals in
Europe, and is highly sought after by the electric vehicle
industry.
We look forward to updating shareholders on the assay results
and the interpreted impact, as well as outlining our project vision
to significantly expand our tenement position in the new year."
Figure 1: Eight drill locations superimposed on the airborne
electromagnetic survey of the R1 Hook target at the Black Schist
Project
Figure 2: Ground magnetic survey of the R1 Hook anomaly and its
proximity to the existing Resource at the Rauta 9-11 licence
area
Figure 3: Mineralised black schist intersection for drillhole
RAU0001
Enquiries:
Metals One Plc
Jonathan Owen, Chief Executive Officer via Vigo Consulting
+44 (0)20 7390 0234
Beaumont Cornish Limited (Nominated
Adviser)
James Biddle / Roland Cornish
www.beaumontcornish.com +44 (0)20 7628 3396
Shard Capital Partners LLP (Joint
Broker)
Damon Heath / Erik Woolgar +44 (0)20 7186 9952
SI Capital Limited (Joint Broker) +44 (0)14 83413 500
Nick Emerson
Vigo Consulting (Investor Relations)
Ben Simons / Kendall Hill
metalsone@vigoconsulting.com +44 (0)20 7390 0234
About Metals One
Metals One is developing brownfield battery metals projects in
Finland (Black Schist Project) and Norway (SRH Råna Project), with
approximately GBP9 million of exploration carry exposure through
farm-in agreements. Metals One is aiming to help meet the
significant demand for battery metals 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 km(2) across three licence areas, has an Inferred
Resource of 28.1 Mt nickel-zinc-cobalt-copper and is located
adjacent to Talvivaara, Europe's largest operating nickel mine.
Metals One's fully carried SRH Råna Project in Norway covers 18.14
km(2) across three contiguous exploration licences, with
significant opportunity for brownfield exploration of the Råna
intrusion, and proven potential for massive sulphide
nickel-cobalt-copper mineralisation.
Follow us on social media:
LinkedIn: https://www.linkedin.com/company/metals-one-plc/
Twitter: https://twitter.com/metals_one
Subscribe to our news alert service on the Investors page of our
website at: www.metals-one.com
Qualified Person Statement
Craig Moulton is an Independent Non-Executive Director of the
Company and the Qualified Person who reviewed and approved the
technical disclosures in this news release. Mr Moulton has over 30
years' experience in the mining industry, having worked for Rio
Tinto, Cliffs and Wood Mackenzie, and is a trained Geologist and
Mineral Economist. Mr Moulton holds a BSc (Hons) in Geology and a
MSc in Mineral Economics and is a qualified person under the AIM
Rules. Mr Moulton consents to the inclusion of the technical
information in this release and context in which it appears.
Glossary
Co cobalt
Cu copper
diamond drilling core drilling which uses a rotary drill
with a diamond drill bit attached in
order to create precisely measured holes
Mt million tonnes
Ni nickel
pXRF a portable X-ray Fluorescence Spectrometer
which can provide initial indications
of the elemental composition of various
materials. These handheld units are less
precise than larger XRF machines used
for laboratory analysis
Resource Metals One's existing Inferred Mineral
Resource at the Black Schist Project
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). Refer to the
Company's admission document here for
further information
schist a medium-grade metamorphic rock formed
from mudstone or shale
t tonnes
Zn zinc
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
DRLTRBTTMTIBBRJ
(END) Dow Jones Newswires
December 18, 2023 02:00 ET (07:00 GMT)
Metals One (LSE:MET1)
過去 株価チャート
から 5 2024 まで 6 2024
Metals One (LSE:MET1)
過去 株価チャート
から 6 2023 まで 6 2024