Overview

Finland

Our 100% Rajapalot gold-cobalt project covers 17,989 hectares of exploration permits located just south of the Arctic Circle in Finnish Lapland - a significant greenfields discovery on the path to a multi-million ounce field. Inferred Mineral Resource August 2021 of 10.91 Mt @ 3.0 g/t AuEq, (2.5 g/t gold and 443 ppm cobalt) for 1.04 Moz AuEq (887 koz gold and 4.8 kt cobalt).

We are working on further derisking the project through growing the resource base with further drilling, through continuing to work on the ongoing permitting and land rezoning processes with local authorities and by conducting early stage internal engineering studies.

Although not the main economic driver of the project, the cobalt contained within the current resource makes Rajapalot Europe's 7th largest cobalt deposit and a strategic asset as an ethical and sustainable source of the metal for Finland's strategy of battery supply chain security.

Sweden

The Skelleftea North Gold Project consists of 2,500 ha of contiguous 100%-owned claims located in the well-endowed Skellefte Mining District of Northern Sweden which contains several large gold deposits that have produced in excess of 6 Moz of gold (most notably from the Boliden, Bjorkdal and Kankberg gold mines), located 40 km north-northwest of the city of Skelleftea.

The Project area contains outcropping gold mineralization across the 3 km x 6 km land package with grab samples collected grading up to 15.1 g/t Au. The most advanced target on the Project is at the Dalbacka Prospect, where an approximately 180m long outcropping mafic dyke intrudes a deformed pyrrhotite-bearing graphitic black shale that extends as a clear magnetic anomaly to the east and west under cover for approximately 1.5 km.