Business
Råna Project Update
Råna Project Update.
About this update from Metals One Plc
[{"type":"text","content":"\n\n\n \n8 August 2023 \n \nMetals One Plc\n(\"Metals One\", the \"Group\", or the \"Company\")\n \nRåna Project Update\n \nSpartan MT Survey Indicates Highly Prospective Zones for\nMassive Sulphide Ni-Cu-Co Mineralisation\n \nMetals One, which is advancing battery metal projects at brownfield sites in Finland and Norway, is pleased to announce that the Company's Råna Project (nickel, copper, cobalt) partner and operator Kingsrose Mining Limited (ASX: KRM) (\"Kingsrose\") has completed the acquisition and interpretation of magnetotelluric geophysical surveys (Spartan MT) at the Rånbogen prospect.\n \nKingsrose's full announcement, released today on the ASX, can also be found on their website. The highlights are summarised below. Most notable is their identification of four strongly conductive zones, which are highly prospective for massive sulphide nickel-copper-cobalt mineralisation.\n \nHighlights\n \n· Spartan MT surveys are able to identify areas of low resistivity (high apparent conductivity) which may represent nickel-copper-cobalt sulphide mineralisation.\n· Four discrete, strong apparent conductivity anomalies have been modelled at the Rånbogen prospect over a strike length of 1.8km:\no Three of these anomalies ('Rånbogen 01', 'Rånbogen 02' and 'Rånbogen 04') are hosted within pyroxenite and peridotite lithologies of the Råna intrusion. These lithologies are highly resistive and therefore the conductive responses have a higher likelihood of being associated with sulphide mineralisation.\no One of the anomalies ('Rånbogen 03') is a steeply south dipping, very strong conductor located at the basal contact between the intrusion and footwall gneiss, which is known to contain conductive graphitic rock units. The location at the base of the intrusion is also a highly prospective setting for the accumulation of massive sulphides.\no Where the conductive anomalies extend to surface, they display a strong correlation with massive and disseminated nickel-copper sulphide mineralisation identified in historical rock chip sampling.\no Target 'Rånbogen 02' correlates well with historical drilling on the northern margin of the conductive anomaly which returned a best intercept of 17.5m at 0.53 % Ni, 0.12 % Cu, and 0.05 % Co from 101...