Airijoki Vanadium Project
The Airijoki Project lies within the Vittangi Greenstone Group (VGG) of northern Sweden, in relative proximity to established infrastructure as well as several significant mines (i.e. Kiruna, Svapparvaara, Leveäniemi and Mertainen) and other new energy mineral projects (i.e. Talga Group’s Vittangi graphite project). Geologically the Project is centred on a laterally continuous, northeast trending gabbroic (locally termed diabase) intrusion which hosts vanadium-magnetite mineralisation along with lesser base metal (predominantly copper mineralisation).
Airijoki is currently supported by an Inferred Mineral Resource comprising 44.3 Mt at an in-situ grade of 0.4% V2O5, containing 5.9 Mt of magnetite averaging 1.7% V2O5 (in magnetite concentrate) for 100,800 t of contained V2O5 based on a 13.3% mass recovery of magnetite concentrate and a 0.7% V2O5 cut-off grade, on a 100% equity basis (and net attributable basis).
A 2023 drilling programme for 1.394m of drilling has the potential to increase the mineral resource to the northeast, with vanadium mineralisation confirmed over an additional 2km strike length from the northern boundary of the current resource, with seven out of eight holes drilled intersecting substantial vanadium intercepts.
Best intercepts from the drill programme are detailed below, and work is currently underway to produce an updated mineral resource estimate to progress towards a vanadium operation.