The ‘Porsanger project’ is located immediately south of Lakselv town, Finnmark province, Northern Norway, and comprises five contiguous 10 square kilometre exploration licences totalling 50 square kilometres. The exploration licences are 100% held by E-46. Initial expiry is in December 2025 with provision for extension.

Subject to local approvals, Kingsrose intends to conduct a ground-based electromagnetic geophysical survey to locate conductive bodies, which will require drill testing to assess whether the conductors are related to massive sulphide polymetallic PGE-Ni-Cu mineralisation.
The mineral deposit in Porsanger is rich in a palladium, platinum, nickel and copper. These are key metals for the green economy and global decarbonisation.​ Currently Kingsrose is planning to conduct low impact reconnaissance and exploration to determine if Porsanger has the potential to be an economic mineral resource to support global green transition and resource security.

Parallel to climate change, resource security is a very topical geopolitical issue. Palladium and platinum, along with other platinum-group elements (PGE) and 29 other raw materials, have been identified as critical raw materials by the EU. Critical raw materials are those that are most important economically and have a high supply risk ​due to their importance in reducing harmful vehicle emissions and future use in green energy solutions such as hydrogen power. PGEs are also used for medical purposes in cancer fighting drugs, stents for blocked arteries, pacemakers and implanted defibrillators.