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Nordic nickel, copper and zinc explorer FinnAust Mining (FAM) wants to secure a second drilling rig to accelerate its exploration programme in Finland, where it is probing three historically-mined high--grade deposits in which it has controlling stakes. This is in the wake of finding encouraging mineralisation at one of its project, Hammaslahti, in the south of the country. London-based FinnAust, whose losses rose from £401,000 to £2.4 million in the year to June following a £1.2 million asset impairment charge for past unsuccessful drilling and £1.2 million of administrative expenses, ended its financial year with £1.5 million cash and can fund its exploration programme, says executive director Alastair Clayton.
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Comments
wildrides
Sounds like a hole in the ground owned by a …………………………..?