Sweden
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.
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.
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.
Selected field photos from ongoing prospecting work on the Ravenberget Project and seismic survey at the Vilhelmina project, Sweden.
WHY SWEDEN?
SWEDISH URANIUM EXPLORATION
& DEVELOPMENT OPPORTUNITY
Uranium Resources
Sweden has significant Uranium Resources and a growing nuclear power sector.
Mining Leader
Sweden remains Europe's leading mining nation with 12 operating mines and hundreds of deposits.
2018 Moratorium
In 2018, Sweden imposed a moratorium on uranium exploration and mining, leading to a major setback in the country's uranium sector. This moratorium is now under review and may soon be overturned, potentially revitalising the industry.
2024 POLICY SHIFT
The Swedish Government announced plans to remove the uranium exploration and mining moratorium, which will reinstate Sweden as one of the top uranium exploration jurisdictions.
This policy shift coincides with the global recognition of uranium’s importance for achieving Net-Zero carbon emissions.
Sweden currently produces 30% of its electricity from 6 active nuclear reactors and plans to construct a further 10 nuclear reactors over the next 20 years.
GLOBAL IMPORTANCE OF SWEDISH URANIUM DEPOSITS
Resource – U3O8 Mlbs
Global uranium projects
Viken and Tåsjö Deposits (District Metals)
Häggån Deposit (Aura Energy)
COMPARABLE URANIUM PROJECTS
