Keliber announces that the Mineral Resource of the Rapasaari lithium deposit has increased by 40 percent
Keliber has today announced that the Mineral Resource estimate for Keliber’s Rapasaari lithium deposit has been updated. According to the company’s new estimate, the Measured and Indicated Mineral Resources of Rapasaari are 6.183 million tonnes, which is approximately 40 percent more than previously estimated.
After the publication of the previous Rapasaari Mineral Resource estimate in May 2018, the company has continued its exploration and resource drilling program and drilled a total of 13,242 meters in the Rapasaari area. According to the new JORC 2012 compliant estimate, the Measured and Indicated Mineral Resource of Rapasaari deposit has increased by nearly 40 percent.
For further information, reference is made to Keliber’s full announcement available at https://www.keliber.fi/en/investors/news-releases-and-publications/.
Nordic Mining holds 18.5% of the shares in Keliber Oy.
Oslo, 30 September 2019
Nordic Mining ASA
Nordic Mining ASA (www.nordicmining.com)
Nordic Mining ASA (“Nordic Mining” or the “Company”) is a resource company with focus on high-end industrial minerals and metals. The Company’s project portfolio is of high international standard and holds significant economic potential. The Company’s assets are in the Nordic region.
Nordic Mining is undertaking a large-scale project development at Engebø on the west coast of Norway where the Company has rights and permits to a substantial eclogite deposit with rutile and garnet. Nordic Mining also holds 18.5% of the shares in Keliber Oy, which is developing a lithium project in Finland to become the first European producer of battery grade lithium hydroxide.
In addition, Nordic Mining holds interests in other initiatives at various stages of development. This includes patented rights for a new technology for production of alumina, and exploration of seabed minerals and high-purity quartz.
Nordic Mining is listed on Oslo Axess with ticker symbol “NOM”.