Råna Project

Since acquiring the exploration rights in this area in 2023 we have worked hard to strike up clear and open lines of communication with many local stakeholders.  We have held introductory public meetings, meeting with local residents, land and cabin owners. In addition, we have had meetings with the Narvik Municipality, Ballangen community, UiT Narvik and Frostisen reindeer herding district.

We recognise and respect Reindeer Herding District Frostisen’s right to herd reindeer in the area and look forward to collaborating with the Reindeer Herding District in 2024 to guide planned activities in the area.

Kingsrose acknowledges that the project may be of importance to additional stakeholders and further communication is required, therefore we are planning more opportunities for engagement and welcome any interested parties making contact.

By cultivating authentic relationships with communities, we strive for success to be defined and achieved together. See our feedback form.

1. Open Communication:
   • We commit to maintaining clear and open lines of communication with local stakeholders since acquiring exploration rights in 2023. This includes holding introductory public meetings and engaging with local residents, landowners, and cabin owners.
   • We have also initiated meetings and will continue to engage with Narvik Municipality, Ballangen community, UiT Narvik, and Frostisen reindeer herding district.
2. Respect for Reindeer Herding District Frostisen:
   • We acknowledge and respect Reindeer Herding District Frostisen's right to herd reindeer in the area. In 2024, we commit to collaborating with them to guide planned activities in the area.
3. Continued Engagement:
   • Recognising the importance of additional stakeholders, we commit to planning more opportunities for engagement and welcome any interested parties to contact us. Please refer to our feedback form to get in contact with us.
4. Environmental and Cultural Preservation:
   • We are committed to operating at levels surpassing industry standards, continuously enhancing our practices to engage stakeholders transparently and safeguard cultural and environmental assets.

The Råna intrusion spans approximately 9 by 11 kilometres and is nestled into a variety of rock types.

This intrusion likely formed during a mountain-building event called the Caledonide Orogeny. Gabbro and norite occur in the centre, with ultramafic rocks occuring on the margins to the north and south.

The valuable minerals, like nickel, tend to be concentrated in the lower ultramafic rocks, mainly in the northwest and southern regions. Sometimes, these minerals are found in significant clusters that extend into the surrounding rocks. 

Historical work at Bruvann has proven that sulphide exists to depth. From exploration results to date at Rånbogen, we have shown that mineralisation is at surface and may extend to depth. Traditional exploration methods might overlook these hidden deposits as these efforts were mainly focused on what was visible near the surface. Using non-intrusive, advanced geophysical surveys we will continue our efforts towards discovery. We will also continue to utilise airborne surveys to map out the shape of the rock formations as well as carry out detailed mapping and core sampling to gain a better understanding of the rocks. 

With promising indications of valuable minerals in areas like Bruvann and Rånbogen, and a large unexplored area, we believe there is excellent potential for a significant discovery.

Råna is located on the west coast in Nordland Country, northern Norway, 37 kilometres south by main road from the deep water, ice-free Port of Narvik, which ships 18-20 million tons per annum of iron from Swedish mining operations. The small international airport at Evenes is 94 kilometres by road from the mine site with direct flights to Oslo.

The project is accessible from the main road via a three-kilometre graded and well maintained gravel road which leads directly to the disused plant and mine portal, along which a disused conveyor belt still exists and leads from the Bruvann mine site to an operational harbour. Kingsrose has refurbished the mine's office building and repurposed part of the processing plant to act as a drill core processing and storage facility.

The Råna project covers the 70 square kilometre Råna intrusion, a Caledonide mafic-ultramafic intrusion. ​

The project includes the past producing, underground Bruvann Mine within a contiguous exploration licence holding of 211 square kilometres. The Bruvann deposit included a small but high-grade (approximately 1 to 5% Ni) massive sulphide core, indicating that the intrusion generated high tenor nickel sulphide mineralisation. Past production demonstrates the viability of operating in the region and the mine area remains designated for raw material extraction in the municipality land use zoning plan.​

In 2023 Kingsrose commenced a comprehensive program of mapping and geophysical surveys which generated drill targets at Bruvann and Rånbogen, leading to the interception of a new zone of massive sulphide mineralisation at Rånbogen and extensions to the west of the Bruvann mine. The remainder of the intrusion is prospective and underexplored, and the company will continue its systematic program over these areas.

Phase One drilling has intercepted nickel sulphide mineralisation in two target areas:

• At Rånbogen 23RAN002 intercepted two zones of mineralisation coincident with EM and MT conductive anomalies:
• 26.2 metres at 0.7 % Ni, 0.2 % Cu and 0.06 % Co from 169.0 metres, including:
• 9.3 metres at 1.0 % Ni, 0.3 % Cu and 0.10 % Co from 176.5 metres.
• 2.7 metres at 0.90 % Ni, 0.13 % Cu and 0.08 % Co from 281.9 metres.

Bruvann mine is open with both large scale, disseminated nickel sulphide zones and high-grade, massive sulphide, adjacent to mine infrastructure. 2023 drilling at Bruvann highlights include:

• 2.5 metres at 1.00 % Ni, 0.14% Cu and 0.08 % Co from 172.91 metres (Hole 23BRU001), including 1.0 metre at 1.94 % Ni, 0.18% Cu and 0.18 % Co from 173.91 metres (Figures 2 and 3)
  • This intercept is located 20 metres southwest and along strike from an historical massive sulphide drill intercept, located 70 metres south of the inferred position of historical underground workings.
• 50.0 metres at 0.43 % Ni, 0.10% Cu and 0.02 % Co from 470.6 metres (Hole 23BRU003) (Figures 2 and 4).
  • This intercept is located 20 metres down dip from broad zones of mineralisation identified in historical drilling and underground mining, which is open and undrilled to the west and down dip.

Massive sulphide outcrops with high nickel tenors at Bruvann and Rånbogen demonstrate fertility and, with 8 kilometres of largely untested strike along the northern intrusion margin, Kingsrose considers that there is scope for a significant discovery.​

The information in this website that relates to the Exploration Results at the Råna project was first reported by the Company in compliance with the 2012 edition of the JORC Code in ASX announcements dated 17 January 2023,  5 March 2023, 20 April 2023, 4 September 2023, 23 October 2023 and 5 February 2024.

The Company confirms that it is not aware of any new information or data that materially affects the information included in the ASX releases referred to above and it further confirms that all material assumptions and technical parameters underpinning the exploration results and exploration target continue to apply and have not materially changed.

The information in this website that relates to Exploration Results is based on information compiled under the supervision of Andrew Tunningley, who is a Member and Chartered Professional (Geology) of the Australasian Institute of Mining and Metallurgy and is Head of Exploration for Kingsrose Mining Limited. Mr Tunningley has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the “Australasian Code for Reporting Exploration Results, Mineral Resources and Ore Reserves.” Mr Tunningley consents to the inclusion on this website of the matter based on his information in the form and context in which it appears.