PROJECTS
VILHELMINA SHALE-HOSTED URANIUM PROJECT
PROXIMITY
Located adjacent to District Metals Tåsjö Project, which has a non-compliant resource of ~200Mt @ 200ppm U.
HIGHER-GRADE
Historical drill intersections indicate uranium grades to be 2-5x higher than that of the Alum Shale Formation elsewhere.
MULTI-COMMODITY
Target geology also has high quantities of critical and battery metals such as REE’s, vanadium, nickel and cobalt.
MINING PRECEDENT
Local support for mining with Boliden’s active and historical Bellviksberg, Lövstrand and Granberget Pb-Zn-Ag mines within 20km.
PROVEN URANIUM RESOURCE, LOW CAPITAL AND OPERATING COST
The Vilhelmina Project is a flagship exploration initiative that focuses on extracting uranium, phosphate, and rare earth elements (REEs) from the alum shale.
This project benefits from historical exploration work, including 176 drill holes totalling approximately 7,000 metres, which confirmed significant uranium anomalies.
SCALABLE PRODUCTION & LONG LIFE OF MINE
Location
Norråker, Sweden
Resource Estimate
~200Mt grading at ~200ppm U, 0.15% REE, and 1.3% P
Permit Applications
Covering more than 32,700 hectares
RAVENBERGET SHEAR-HOSTED URANIUM PROJECT
The Ravenberget project is located within the Norrbotten County within the Arjeplog-Arvidsjaur-Sorsele shear-hosted uranium district.
The project is comprised of 2 Exploration Permits covering >12,000Ha, which target a number of historical uranium occurrences discovered by the SGU during the mid-1970’s. At the time, outcropping uranium mineralisation of up to 1.88% U and multiple unresolved SE-trending uranium boulder trains with grades over 0.1% U were reported.
The project is underlain by the Avaviken Granite, which intruded a suite of metavolcanics that are slightly enriched in uranium with some rhyolitic tuffs containing 15-20ppm U. Uranium mineralisation is confined to irregular bodies of episyenitized and albitised leucogranite. The uranium mineralisation is controlled by prominent fracture and joint systems associated with crustal-scale N-NNE trending deformation zones.
This area has not experienced the use of modern exploration techniques, and therefore presents an excellent opportunity to discover and develop a significant uranium resource within the region.
Located within a major NNE-trending deformation zone, the Ravenberget Project has historical outcropping uranium mineralisation with grades up to 1.88% U. Additionally, there are multiple unresolved SE-trending uranium boulder trains with grades over 0.1% U.
Project geology indicates significant potential for shear-hosted uranium deposits.
STRONG EXPLORATION POTENTIAL
Mineralisation
Up to 1.88% U in outcrop
Boulder Trains
Grades over 0.1% U
GILLBERGET SHEAR-HOSTED URANIUM PROJECT
The Gillberget project is located within the Västernorrland and Jämtland Counties within central Sweden in close proximity to District Metals Sågtjärn Deposit with a historical Inferred Mineral Estimate of 756kt @ 0.068% U3O8.
The project is comprised of 5 Exploration Permits covering >12,000Ha, which targets a number of historical uranium boulder and outcrop occurrences discovered by the SGU in 1980’s. Locally, the geology is comprised of Proterozoic metasedimentary gneisses which experienced upper amphibolite facies metamorphism relating to crustal-scale N to NNW deformation zones that are likely to be one of the major controls on the mineralisation.
Like the Ravenberget project, the Gillberget project has not benefitted from modern exploration since the initial discoveries made by the SGU during the early-80’s.
The Gillberget Project is situated within a major NNW-trending deformation zone, featuring historical uranium mineralisation and multiple unresolved S to SE-trending uranium boulder trains.
The project’s geological settings suggest the presence of valuable shear-hosted uranium deposits.
STRATEGIC GEOLOCATION POSITIONING & STRONG UNRESOLVED BOLDER TRAINS
Mineralisation
Significant historical outcropping uranium
Boulder Trains
S to SE-trending unresolved uranium boulder trains