Kingsrose Faces Appeal on Penikat Drilling Permit

Kingsrose Mining Ltd (AU:KRM) has released an update.

Kingsrose Mining Ltd has reported that environmental NGOs have lodged an appeal against its exploration permit for drilling at the Penikat project in Finland, potentially delaying start until December 2025. The company remains optimistic about the permit’s eventual approval, citing a lack of technical and legal credibility in the appeal and the robustness of their environmental planning. Despite the appeals process, Kingsrose has received no objections to its derogation permit under mire conservation laws and continues to prepare for future exploration phases.

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