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Kingsrose Mining Limited (ASX:KRM)
ALERT: Price-sensitive ASX Announcement for KRM
Current share price for KRM : $0.025 0.002 (8.70%)+
Announcement
Release
29 Jul 2026 9:13AM
Price at Release
$0.023
Full Release
Summary
Kingsrose Mining Limited reported significant progress in its exploration activities for the June 2026 quarter. The company continued to develop its Finnmark Project in Norway, receiving helicopter and ATV dispensations to aid exploration. In Finland, the Natura 2000 report for the Penikat Project is under review, aiming to start drilling by December 2026. The company also announced leadership changes with Andy Caruso taking over as CEO. BHP's cessation of funding for the Finnmark Alliance resulted in Kingsrose holding full mineral rights to the project. Financially, the company maintained a cash balance of A$18.116m, with exploration and evaluation payments totaling A$1.0m for the quarter.
Key Points
- Helicopter and ATV dispensations granted for Finnmark Project exploration.
- Natura 2000 report for Penikat Project under review.
- Andy Caruso appointed as CEO, replacing Terry Holohan.
- BHP ceased funding Finnmark Alliance; Kingsrose holds 100% rights.
- Cash balance of A$18.116m as of 30 June 2026.
- Exploration and evaluation payments amounted to A$1.0m this quarter.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.
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