Paljasjärvi - A Project of National Significance
Paljasjärvi is an exploration target 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.
- Premium grade 69% Fe concentrate confirmed from metallurgical test work.
- +20 year production potential identified by geometry of magnetic feature.
- 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.
- Ground magnetic survey completed by Kiruna Iron AB in 2011 over part of the project.
- Re-assay of drill core (from 1963) and metallurgical test work completed by Kiruna Iron AB in 2012.
- Drone magnetic survey completed by Kiruna Iron in 2021 over all of the project.
- Drill approvals received and drill rig booked for 2021 drill campaign.
- 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 – buried pipeline has low impact on all stakeholders and is low risk logistics option. Pipeline route can avoid national parks and Natura 2000.
- Introductory meetings with stakeholder groups in Sweden, Finland and Norway initiated by Kiruna Iron AB in 2014.
Independent Geologist’s Report on the Mineral Assets of Critical Metals Ltd