[SMM Precious Metals Express]

Published: Sep 16, 2026 16:48

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Australian Kingsrose Mining stated on September 15 that the permitting process for Area 6 of the Penikat Platinum Group Elements Project in Finland is ongoing. Subject to regulatory approval and no appeals, the company targets to start drilling in January 2027. The proposed exploration target for Area 6 stands at 21 to 32 million tonnes with an average 6E grade of 4–7.4 g/t. The metal suite includes platinum, palladium, rhodium, iridium, ruthenium and gold, equivalent to about 2.8 to 7.7 million ounces of 6E metals.

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