Kendrick Resources PLC (LSE:KEN) aims to deliver energy metals to Europe to help enable its renewable energy transformation by building a top tier energy metals production business focussed on quality Vanadium and Nickel mineral resources in Scandinavia.
DEFINED MINERAL RESOURCES
- Airijoki Vanadium Project (Sweden)
44.3 million tonnes, containing 5.9 million tonnes of magnetite @ 0.4% V₂O₅ (In-Situ) and @ 1.7% V₂O₅ (in magnetite concentrate), for 100,800 tonnes of V₂O₅ based on 13.3% mass recovery of magnetite concentrate - Koitelainen Vosa Vanadium Project (Finland)
116.4Mt, containing 5.8 million tonnes of magnetite @ 0.3% V₂O₅ (In-Situ) and @ 2.3%V₂O₅ (in magnetite concentrate), for 131,000 tonnes of V₂O₅ based on 5.0% mass recovery of magnetite concentrate - Espedalen/Stormyra Nickel Project Under Option (Norway)
1.16Mt @ 1% Ni, 0.42% Cu and 0.04% Co
ACCESS TO QUALITY INFRASTRUCTURE
- World class railways in Sweden through to ports in Sweden and Norway (all weather)
- Kiruna Mining Hub in northern Sweden with abundant contractors and consultants
- Rail access to nickel smelter in southern Norway
VALUE DRIVERS
- Imminent drilling programs for Airijoki, Simesvallen, Kullberget and Stormyra Projects
- Metallurgical test work programs
- Study to assess best path to develop a downstream vanadium processing business
