Competent Persons Report (18 July 2023)
Finland – Black Schist Project
Inferred Mineral Resource of 28.1 Mt Ni-Zn-Cu-Co
Highlights
- Adjacent to Europe’s largest operating nickel mine
- Inferred Mineral Resource of 28.1 Mt of Talvivaara-type mineralised material at a grade of 0.19% Ni (53,800t), 0.10% Cu (27,900t), 0.01% Co (3,400t) and 0.38% Zn (180,000t) at Rautavaara, plus additional exploration targets, in Kainuu Schist Belt, eastern Finland
- Analogous to nearby large Talvivaara Ni-Zn-Cu-Co operation
-
Bluejay Mining to assist in project management –
experienced in-country - Skilled local workforce and mining/exploration service providers
- Up to £1m of initial exploration funded by Gunsynd (AIM: GUN) through farm-in for up to 25%
Ownership
Metals One 100% (Operator)
Size
706 km²
Metals
Ni-Zi-Cu-Co
Work To Date
- Historical diamond drilling on licence areas
- Historical geophysical, geological, and geochemical data covering large areas of belt sourced from Geological Survey of Finland
Next Steps
- Mobilisation and equipment purchases
- Initial data compilation, modelling, and review
- Geophysical and geochemical surveys
- Diamond drilling - Rautavaara and Paltamo
- Additional licence applications and further in-fill and step-out
- Preliminary and upgraded resources
