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Kingsrose Mining Limited (ASX:KRM)

ALERT: Price-sensitive ASX Announcement for KRM
Current share price for KRM : $0.024 -0.02 (-45.45%)+
Announcement
Release
30 Jan 2026 9:00AM
Price at Release
$0.044
Full Release
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Summary
Kingsrose Mining Limited reported a quarterly cash flow for the period ending 31 December 2025, highlighting several key financial and operational details. The net cash outflow from operating activities was A$1.9 million, with significant exploration expenditure totaling A$1.77 million, mainly under the BHP Alliance. The cash balance at the end of the period was A$22.444 million. Key projects include the Penikat Project in Finland and the Råna Project in Norway, where Kingsrose is advancing permits and exploring potential nickel, copper, and PGE deposits. The BHP-funded Finnmark exploration in Norway continues to be a significant focus, aiming to identify major exploration targets. The company's financial strategy remains focused on sustainability and growth through strategic exploration alliances and potential M&A opportunities.
Key Points
  • Net cash outflow from operating activities was A$1.9 million for the quarter.
  • Exploration expenditure totaled A$1.77 million, primarily under the BHP Alliance.
  • Cash balance as of 31 December 2025 was A$22.444 million.
  • Significant projects include the Penikat Project in Finland and the Råna Project in Norway.
  • BHP-funded Finnmark exploration focuses on identifying major exploration targets.
  • Kingsrose aims to maintain sustainability and growth through exploration alliances and M&A opportunities.
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.