Rakkuri - Close to Rail, Roads, Power and Pelletisers

Rakkuri is located some 5 km south of Kiruna and comprises of a skarn-hosted magnetite deposit - Rakkurijärvi prospect.

The Rakkurijärvi prospect is located approximately 2 km south west and along strike of the Rakkurijoki prospect and is some 8 km south west of Kiruna township. Almost all of the mineralisation at Rakkurijärvi is located under the lake and detailed environmental studies will be required to understand the impacts of draining the lake for a potential mining scenario.

In Sweden the railway is Government-owned and available to be used by third parties wanting to access to deep water iron ore ports at either Narvik, Norway (180km) or Luleå, Sweden (340km).

An international iron ore company paid USD1 Million to complete DD on Rakkuri in 2015 and whilst the due diliegnce confirmed the data provided by KIAB, the rapidly falling iron ore price at the time precluded a transaction from being completed.

RAKKURIPROJECT 2017 RESOURCE CALCULATION VID 20% FE CUT-OFF

Prospekt Klassification Tonnage (Mt) Järn (% Fe) Fosfor (% P) Svavel (% S) Densitet (t/m3)
Rakkurijärvi Indicated 55.7 27.5 0.07 0.9 3.3