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Rupert Resources Deferring Deeper Drilling at Ikkari Deposit in Finland
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Rupert Resources Deferring Deeper Drilling at Ikkari Deposit in Finland
Mar 10, 2026 10:51 PM

08:38 AM EST, 12/18/2025 (MT Newswires) -- Rupert Resources ( RUPRF ) said Thursday that it will defer deeper and capital-intensive drilling at the Ikkari deposit in Finland until it enters into production, when such programs can be funded from cash flow.

Rupert said near-mine exploration at Ikkari will continue to focus on high-return opportunities. It made the decision following a review of its exploration strategy that included deep analysis of geological, geochemical and geophysical data collected over 10 years.

The company said it will advance a feasibility study and environmental permitting for Ikkari during 2026.

"In parallel, we are increasing our focus on regional greenfield exploration where the potential exists to replicate the low discovery cost and transformational impact the Ikkari discovery achieved," Chief Executive Officer Graham Crew said. "This disciplined approach is aimed at building a pipeline of potential projects and delivering value for our shareholders."

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