Kingsrose Mining Limited announced that it has been selected to participate in the BHP Xplor program. BHP Xplor, an accelerator program introduced by BHP in August 2022, is designed to help provide participants with the opportunity to accelerate their growth and the potential to establish a long-term partnership with BHP and its global network of partners. The Company will receive up to USD 500,000 in cash payments from BHP and access to a network of internal and external experts to help guide development in the technical, business and operational aspects of the company.

As a part of the BHP Xplor program, Kingsrose has developed a strategy of regional target generation for nickel massive sulphide deposits, applying modern mineral systems concepts and generative exploration methods across two highly prospective but underexplored geological belts in Finland and Norway. The work will also include a strong emphasis on environmental and social management. Under the Xplor program agreement between BHP and Kingsrose, BHP does not acquire an equity interest in Kingsrose or any project owned by the Company, however Kingsrose has committed to certain exclusivity and pre-emption rights with respect to investments in Kingsrose or its projects, as well as data sharing provisions in relation to the program.