Business
Acquisition of New Licences
Acquisition of New Licences.
About this update from Kendrick Resources Plc
[{"type":"text","content":"\n\n\n \n7 August 2023\n \nKendrick Resources Plc\n(\"Kendrick\" or the \"Company\")\n \nAcquisition of New Nickel - Copper - PGM licences in Sweden.\n \nKendrick Resources Plc (LSE: KEN), a mineral exploration and development company with vanadium, nickel and copper projects in Scandinavia is pleased to announce the signing of a Share Sale and Purchase Agreement with EMX Royalty Corporation (EMX) to acquire 100% of EV Metals AB a Swedish company that owns the Njuggtraskliden and Mjovattnet exploration licences (the \"Swedish Nickel Projects\") hosting drill-defined magmatic nickel-copper-cobalt-platinum group metal mineralisation along the Swedish \"Nickel Line\".\n \nSwedish Nickel Projects Highlights\n \nMjovattnet Licence\n· 2 drill-defined zones of mineralisation (Mjovattnet and Brannorna Prospects)\n· 15km of prospective strike\n· PGE value historically overlooked\n· Mjovattnet in-house non-JORC compliant drill-defined resource of 0.17Mt @ 1.29% Ni, 0.19% Cu & 0.02% Co\n· Open at depth\n· Peak shallow drill intercepts for the Brannora Prospect include:\n \n\n\n\nHole\n(Brannorna)\n\n\nFrom\n(m)\n\n\nTo\n(m)\n\n\nWidth\n(m)\n\n\nNi\n(%)\n\n\n\n\nBRA-75015\n\n\n65.80\n\n\n77.40\n\n\n11.60\n\n\n0.82\n\n\n\n\nBRA-07001\n\n\n59.00\n\n\n84.73\n\n\n25.73\n\n\n0.58\n\n\n\n\nBRA-77024\n\n\n40.30\n\n\n68.00\n\n\n27.70\n\n\n0.64\n\n\n\n\nBRA-07002\n\n\n29.30\n\n\n105.48\n\n\n76.18\n\n\n0.60\n\n\n\n \nNjuggtraskliden Licence\n· Historic non-JORC compliant mineral Resource of 0 575 Mt @ 0.71% Ni, 0.26% Cu & 0.04% Co\n· 10km of prospective strike\n· Mineralised system remains open at depth\n· Drill-defined nickel sulphide mineralisation developed along more than 10km of strike extent \n· Peak shallow drill intercepts at Njuggtraskliden include:\n \n\n\n\nHole\n\n\nFrom\n(m)\n\n\nTo\n(m)\n\n\nWidth\n(m)\n\n\nNi\n(%)\n\n\nCu\n(%)\n\n\nPt\n(ppm)\n\n\nPd\n(ppm)\n\n\nAu\n(ppm)\n\n\n\n\nNJU07001\n\n\n63.40\n\n\n87.75\n\n\n24.35\n\n\n1.01\n\n\n0.51\n\n\n1.08\n\n\n0.56\n\n\n0.14\n\n\n\n\nNJU79016\n\n\n15.90\n\n\n21.69\n\n\n5.79\n\n\n1.06\n\n\n0.31\n\n\n0.11\n\n\n0.11\n\n\n0.05\n\n\n\n\nNJ...