Metals One (AIM: MET1), has announced its a maiden JORC Inferred Mineral Resource for the P5 area of the Finland - Black Schist Project, which now estimates the total Black Schist Project resource of 57.1Mt, more than double the previous estimate. Highlights of the P5 resource at Black Schist include 29 Mt at 0.18% nickel, 0.08% copper, 0.01% cobalt, and 0.33% zinc bringing 52kt of nickel, 24kt of copper, 3.5kt of cobalt, 96kt of zinc. Jonathan Owen, CEO of Metals One, says “this is hugely significant particularly as it's been achieved within a year of listing on AIM. It's a milestone for the company in the sense that this now underpins our move through the stage gates towards development and production.” In this interview investors will learn: - Why being adjacent to one of Europe’s largest strategic minerals producers, Terrafame, is key - How the increased resource base will underpin a Preliminary Economic Assessment of the project - How the company’s current cash resources will fund the business through to the Preliminary Economic Assessment - What the Company has planned for the Bluejay Mining shareholding in MET1 - When the Preliminary Economic Assessment is scheduled to be released Reasons to put Metals One on your watchlist: - Well placed to meet the significant demand for strategic minerals on the doorstep of Europe’s major electric vehicle OEMs and battery manufacturers - Black Schist is 100% owned by Metals One - The orientation and proximity to surface lends the asset to low-cost surface mining - Black Schist is adjacent to major road and rail infrastructure - The addition of the P5 resource to the project portfolio brings the total value of in-situ metals to $3.0bn - Further Resource expansion opportunities Jonathan Owen, CEO of Metals One, was interviewed by Sarah Lowther for focusIR
