The Company has a portfolio of exploration leases totalling 126km2, over three areas highly prospective for spodumene lithium mineralisation in central Sweden.
The Spodumenberget Project is located in the locality of Örnsköldsvik, in Västenorrland County. It is 245km south by road of Northvolt’s planned lithium-ion battery factory in Skellefteå1. Surface sampling at the Spodumenberget Project has yielded high grade results including 2.77% Li2O, 7,820ppm Ta and 653ppm Sn from spodumene-bearing pegmatites (refer ASX announcement dated 28 July 2017). Mapping has shown the presence of pegmatite outcrops over a strike length of 340m, and up to 100m wide, with surrounding areas masked by glacial cover. Sweden is an attractive mining investment jurisdiction, strategically positioned relative to the burgeoning European lithium market and highly prospective for spodumene-bearing, LCT-pegmatite type lithium mineralisation.
The Hamrånge Project is a large portfolio of tenements in the Hamrånge Region of Gävle Municipality in Gävleborg Country. The project area surrounds the Bergby Lithium Project owned by Leading Edge Materials where drilling activity2 has returned 10.5m @ 1.62% Li2O. Multiple pegmatite units have been identified by Novo Lítio which are being assessed for lithium potential.
The Räggen Project is located in the Räggen region of the Bracke Municipality, Jämtland County in Northern Sweden. The Räggen region is a historic tin mining district containing multiple historical occurrences of LCT-type pegmatites and is believed to be prospective for lithium mineralisation.