Knights Bay kicks off exploratory drilling in Oman’s Mineral Block 21

Knights Bay kicks off exploratory drilling in Oman’s Mineral Block 21

Exploratory drilling, targeting potentially prodigious nickel and cobalt ores in Mineral Block 21 in the Wilayat of Ibra, has commenced, according to the block’s concessionaire.

Knights Bay, a UK-based strategic mineral mining firm, said in a post on Saturday that the start of exploratory drilling in its sprawling concession in North Al Sharqiyah Governorate follows the completion of a geotechnical survey of the site.

Knights Bay’s Investor Relations Director, Max Beck, noted in the post that the start of exploratory drilling also comes on the heels of the relocation of the company’s corporate office from the UK to the Sultanate of Oman.

Under an agreement signed with Oman’s Ministry of Energy and Minerals in March this year, Knights Bay received concession rights to a massive 1,4000 sq km block, described as hosting “a new potentially world-class nickel laterite deposit with cobalt, chrome, and iron-ore credits”.

“Initial surveying of 1,444 km2 within Mineral Block 21 has allowed (Knights Bay) to focus on approximately 280 km2 of well-developed nickel and cobalt laterites beneath a cover of limestone,” said Beck in the post.

“Knights Bay’s plan is to drill 27 holes in two tranches and will represent the first phase of a drill program that is in 4