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.
Kendrick Resources Projects & Operations Overview
PROJECT BACKGROUND – “ENERGY METALS”
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
VANADIUM PROJECT PORTFOLIO (SWEDEN & FINLAND)
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
NICKEL PROJECTS UNDER OPTION (NORWAY)
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