Kingsrose Mining Limited provided an update on exploration activities at its 100% owned Porsanger PGE-Copper-Nickel project in Finnmark County, Norway. The Company has commenced a ground-based fixed loop electromagnetic (FLEM) geophysical survey targeting the Porsvann and Karenhaugen intrusions, completed a resampling program on historical drill core (results are pending) and submitted a drill permit application for the Porsvann target. First FLEM survey conducted within the Porsanger area, targeting `feeder-conduit type' massive sulphide PGE-copper-nickel mineralisation at depth, underlying broad historical drilling intervals of disseminated PGE ± copper mineralisation from surface such as 53 metres at 0.8 g/t palladium, 0.3 g/t platinum and 0.1 % copper from 2.9 metres (PV-02).

The survey will target the Porsvann and Karenhaugen intrusions, covering 1.2 km2 to a depth of at least 500 metres. Modelling of geophysical data will generate targets for drilling and a drill permit application has been submitted for the Porsvann area. The FLEM survey is being undertaken during a period of favourable climatic conditions and at a time which does not impact reindeer husbandry activities.

Commencement of the survey is evidence of Kingsrose and local stakeholders collaborating successfully. The Company has submitted 313 samples of quarter cut drill core, collected from nine historical holes at the Porsvann and Karenhaugen intrusions, for palladium, platinum, gold, rhodium and multielement analysis to verify historical data and analyse for a wider suite of precious and base metal content. Results are pending.