17 April 2024
Metals One Plc
("Metals One" or the "Company")
Black Schist Ni-Zn-Cu-Co Project Update
Metals One, which is advancing critical minerals projects in Finland and Norway, announces that further to its announcement of 22 February 2024, it now expects to receive and then announce the assay results from the un-assayed intersections at its P5 target at the Black Schist Ni-Zn-Cu-Co Project in Finland in May. The Company still expects to share its findings having updated the block model and resource estimate in Q2 2024 as previously advised.
Enquiries:
| Metals One Plc Jonathan Owen, Chief Executive Officer | via Vigo Consulting +44 (0)20 7390 0234 |
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| Beaumont Cornish Limited (Nominated Adviser) James Biddle / Roland Cornish | +44 (0)20 7628 3396 |
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| Shard Capital Partners LLP (Joint Broker) Damon Heath / Erik Woolgar | +44 (0)20 7186 9952
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| SI Capital Limited (Joint Broker) Nick Emerson | +44 (0)14 8341 3500 |
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| Fortified Securities (Joint Broker) Guy Wheatley, CFA | +44 (0)20 3411 7773 |
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| Vigo Consulting (Investor Relations) Ben Simons / Kendall Hill metalsone@vigoconsulting.com | +44 (0)20 7390 0234
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About Metals One
Metals One is developing critical minerals projects in Finland (Black Schist Project) and Norway (SRH Råna Project), with approximately £9 million of exploration carry exposure through farm-in agreements. Metals One is aiming to help meet the significant critical minerals by defining resources on the doorstep of Europe's major electric vehicle OEMs and battery manufacturers. Metals One's Black Schist Project in Finland, totalling 706 km2 across three licence areas, has an Inferred Resource of 28.1 Mt nickel-zinc-copper-cobalt and is located adjacent to Talvivaara, Europe's largest operating nickel mine. Metals One's fully carried SRH Råna Project in Norway covers 18.14 km² across three contiguous exploration licences, with significant opportunity for brownfield exploration of the Råna intrusion, and proven potential for massive sulphide nickel-cobalt-copper mineralisation.
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