“We’re more than happy with the result of this now accomplished JORC-compliant mineral useful resource estimate of the Hautalampi venture,” Roberto García, CEO of Eurobattery Minerals, stated in a media statement. “In comparison with earlier, historic useful resource estimates from the world, we will observe that the whole useful resource tonnage has doubled and contained metallic tonnes elevated some 50%.”
This maiden mineral assets estimate consists of the newly estimated Hautalampi space and its northeastern extension often known as the Mökkivaara deposit space, which was the goal of the 12 months 2020 core drilling marketing campaign. Additionally it is based mostly on a database containing ca. 82,000 meters, 457 holes of core drilling together with 3,768 meters, 29 holes which had been drilled throughout 2020.
Within the measured class, the useful resource has been estimated at 2,582,000, grading 0.38% nickel, 0.28% copper, and 0.08% cobalt. Within the indicated class, the estimation is at 2,701,000 tonnes grading 0.31% nickel, 0.20% copper, and 0.08% cobalt. Contained metals have been estimated at 18,289 tonnes of nickel, 12,783 tonnes of copper and 4337 tonnes of cobalt.
“Now we have a plan for an extra core drilling marketing campaign within the subsequent months to shut the hole between Hautalampi and Mökkivaara useful resource space,” García stated. “We consider that with this extra drilling the tonnage can even improve sooner or later. The following step will probably be to make use of this sturdy useful resource base for the technical and economical evaluations of the venture viability.”
The chief identified that his firm’s objective is to assist Europe change into self-sufficient in moral battery minerals.