Paljasjärvi - A Project of National Significance
Paljasjärvi is a potential ore deposit (3½ km long) of national significance, capable of producing highly sought-after premium grade iron concentrate products, located 80km from pelletisers, industry, community and infrastructure in Kiruna, Sweden. Maiden JORC resource drill program and slurry pipeline field survey scheduled for June through August 2019.
- Premium grade 69% Fe concentrate confirmed from metallurgical test work.
- High grade magnetite concentrates in high demand but with very few suppliers globally.
- +25 year production potential identified by geometry of magnetic feature.
- Paljasjärvi is the second most intense magnetic feature in Norrbotten, only sitting behind the massive Kiirunavaara iron ore mine, the largest iron mine in Europe. To date ~1.5 Billion tonnes of iron products have been sold from the ore mined at Kiruna.
- Paljasjärvi was identified through early airborne magnetic survey completed by Swedish Geological Survey.
- Ground magnetic survey completed by A. Johnson & Co between 1959-1961.
- Drill tested by A. Johnson & Co in 1963 – no drilling since.
- Ground magnetic survey completed by Kiruna Iron AB in 2011.
- Re-assay of A. Johnson & Co drill core and metallurgical test work completed by Kiruna Iron AB in 2012.
- Maiden JORC resource drill program planned by Kiruna Iron AB for June 2019.
- Located 80kms from Kiruna, Sweden and 200 kms from a potential new deep sea port.
- Proposal is to transport magnetite slurry via a buried pipeline from site to:
- the iron ore railway (Malmbanan) which connects with two iron ore harbours (Narvik, Norway and Luleå, Sweden); or
- a potential new deep sea port (Skibotn, Norway).
- Desktop pipeline scoping study completed by pipeline experts – buried pipeline has low impact on all stakeholders and is low risk logistics option-field survey to be completed in August 2019.
- Pipeline route to avoid national parks and Natura 2000.
- Introductory meetings with stakeholder groups in Sweden, Finland and Norway initiated by Kiruna Iron AB in 2014.
Country Specific Factors
- Sweden is low risk jurisdiction
- Large incentive to find world class ore bodies to sustain existing infrastructure, communities and industry.
- Northern Sweden has a highly educated workforce, a culture of innovation and sustainability and a long mining tradition.