Nordic Iron Ore AB (“Nordic Iron”) has submitted an application to the Swedish Mining Inspectorate for an additional exploration permit in the vicinity of Blötberget. The reason is that ongoing exploration work has given signals that the area in question is of interest for exploration. A successful exploration of the area could mean a possible expansion of Nordic Iron's mineral resources.
Through the ongoing exploration work, a number of very promising drill hits have been made, mainly at depth and in the extension of the previously known mineralization. The mineralization found at depth may have a lateral extension that is interesting to investigate as part of the ongoing exploration work. Therefore, an application for an additional exploration permit, Blötberget no. 7, has been submitted and registered with the Swedish Mining Inspectorate. After the exploration permit is granted, exploration in the area is planned through core drilling. The aim of the exploration and drilling campaigns that began in late autumn 2024 is to increase mineral resources by 35 million tonnes or more, a significant increase if successful.
“It is encouraging that our exploration work is progressing and that promising drill hits are now planned to be followed up with further drilling. The aim of the work is to lead to increased mineral resources and thereby increase the life and improve the profitability of future mining in Blötberget,” says Ronne Hamerslag, CEO of Nordic Iron.