Kendrick Resources Projects & Operations Overview

As at Admission on 6 May 2022 Kendrick Resources will own exploration licenses located within the Scandinavian countries of Sweden and Finland and have an option to acquire exploration licenses in Norway.


Electrification & de-carbonisation of the economy to limit global warming 1.5 degrees is driving demand for “energy metals”

    • Vanadium – is a key component of REDOX flow batteries for energy storage
    • Lithium
    • Cobalt
    • Nickel – has rising demand in the supply of Li-ion batteries for electric vehicles
    • Graphite

The global renewable energy market is expected to grow to £1.9 billion by 2030


Vanadium REDOX flow batteries are the leading technology in large scale energy storage


Electric vehicle penetration is rising to meet emission targets


Airijoki and Koitelainen produce vanadium magnetite concentrates of grade in the top 2-3 projects globally


Projects are enhanced by cheap power and access to excellent infrastructure


Significant upside to increase the Airijoki Inferred Mineral Resource with drilling to commence in March 2022


Projects well placed to participate in the emerging vanadium industry in Scandinavia


Stormyra Ni-Cu mineral resources extensions identified and will be drilled


Estimate Mineral Resource for Megrundstjonnet Prospect using existing drilling data


Follow up 10 regional targets with >5m @ >1% Ni


Drilling to follow up the 10g/t Au intersection of the Sigdal Project