{"id":4623,"date":"2021-07-06T06:00:00","date_gmt":"2021-07-06T06:00:00","guid":{"rendered":"https:\/\/investors.eurobatteryminerals.com\/mineral-resource-report-from-hautalampi-project-in-finland-available\/"},"modified":"2021-07-06T09:21:57","modified_gmt":"2021-07-06T07:21:57","slug":"mineral-resource-report-from-hautalampi-project-in-finland-available","status":"publish","type":"post","link":"https:\/\/investors.eurobatteryminerals.com\/en\/press-releases\/mineral-resource-report-from-hautalampi-project-in-finland-available\/","title":{"rendered":"Mineral resource report from Hautalampi project in Finland available"},"content":{"rendered":"\n<p>Eurobattery Minerals AB (Nordic Growth Market: \u201cBAT\u201d; \u201cthe company\u201d), a growth company in the mining and exploration industry with the vision to help Europe become self-sufficient in ethical battery minerals, has been informed that FinnCobalt Oy has received a complete JORC 2012 compliant Mineral Resource report entitled \u201cHautalampi Ni-, Cu-, Co-Deposit Mineral Resource Estimate, Outokumpu, Finland\u201d for the Hautalampi Mine development project. The Mineral Resource Report provides an update for the Hautalampi deposit and adjoining M\u00f6kkivaara deposit resources.&nbsp;Eurobattery Minerals has the option to acquire 100% of FinnCobalt Oy in a staged acquisition.<\/p>\n\n\n\n<p>The report has been prepared by AFRY Finland Oy and can be found from:<\/p>\n\n\n\n<p><a href=\"https:\/\/investors.eurobatteryminerals.com\/en\/projects\/hautalampi\/\">https:\/\/investors.eurobatteryminerals.com\/en\/projects\/hautalampi\/<\/a><\/p>\n\n\n\n<p>The resource estimate is based on the database containing ca. 82 000 meters, 457 holes of core drilling including 3 768 meters, 29 holes which were drilled during 2020.<\/p>\n\n\n\n<p>The new resource estimate covers the whole Hautalampi project area including the results from the year 2020 drilling program at the project, in eastern Finland. The drilling confirmed significant resource expansion from 800m to 1 400m along strike to the northeast of the historical Hautalampi mineral resource to the M\u00f6kkivaara area.&nbsp;<\/p>\n\n\n\n<p>\u201cWith the report in hand we are now planning for an additional core drilling campaign in the next months to close the gap between Hautalampi and M\u00f6kkivaara resource area.&nbsp; We believe that with this additional drilling the tonnage will increase also in the future. The next step will be to use this robust resource base for the technical and economical evaluations of the project viability\u201d, said Roberto Garc\u00eda Mart\u00ednez, CEO of Eurobattery Minerals.&nbsp;<\/p>\n\n\n\n<p>The map of the mine lease area including Hautalampi and M\u00f6kkivaara deposit resource areas is presented below.&nbsp;&nbsp;<\/p>\n\n\n\n<p>The resource estimate and estimation principles have been tabulated below:<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>Hautalampi<\/strong><\/td><td>Tonnes&nbsp;<\/td><td>Ni&nbsp;<\/td><td>Cu&nbsp;<\/td><td>Co&nbsp;<\/td><td>S&nbsp;<\/td><td>Ni Eq<\/td><td>Cu Eq<\/td><\/tr><tr><td>&nbsp;<\/td><td>(t)<\/td><td>%<\/td><td>%<\/td><td>%<\/td><td>%<\/td><td>%<\/td><td>%<\/td><\/tr><tr><td>Measured<\/td><td>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2,582,000<\/td><td>0.38<\/td><td>0.28<\/td><td>0.08<\/td><td>2.18<\/td><td>0.72<\/td><td>1.67<\/td><\/tr><tr><td>Indicated<\/td><td>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2,701,000<\/td><td>0.31<\/td><td>0.20<\/td><td>0.08<\/td><td>3.22<\/td><td>0.61<\/td><td>1.42<\/td><\/tr><tr><td>total<\/td><td>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5,283,000<\/td><td>0.35<\/td><td>0.24<\/td><td>0.08<\/td><td>2.71<\/td><td>0.66<\/td><td>1.54<\/td><\/tr><tr><td>&nbsp;<\/td><td>&nbsp;<\/td><td>&nbsp;<\/td><td>&nbsp;<\/td><td>&nbsp;<\/td><td>&nbsp;<\/td><td>&nbsp;<\/td><td>&nbsp;<\/td><\/tr><tr><td>Contained Metals<\/td><td>&nbsp;tonnes&nbsp;<\/td><td>18289<\/td><td>12783<\/td><td>4337<\/td><td>&nbsp;<\/td><td>&nbsp;<\/td><td>&nbsp;<\/td><\/tr><tr><td>&nbsp;<\/td><td>&nbsp;<\/td><td>&nbsp;<\/td><td>&nbsp;<\/td><td>&nbsp;<\/td><td>&nbsp;<\/td><td>&nbsp;<\/td><td>&nbsp;<\/td><\/tr><tr><td><strong>Hautalampi<\/strong><\/td><td>&nbsp;<\/td><td>Ni&nbsp;<\/td><td>Cu&nbsp;<\/td><td>Co&nbsp;<\/td><td>S&nbsp;<\/td><td>Ni Eq<\/td><td>Cu Eq<\/td><\/tr><tr><td>&nbsp;<\/td><td>Tonnes&nbsp;<\/td><td>%<\/td><td>%<\/td><td>%<\/td><td>%<\/td><td>%<\/td><td>%<\/td><\/tr><tr><td>Inferred<\/td><td>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 195,000<\/td><td>0.26<\/td><td>0.14<\/td><td>0.05<\/td><td>2.14<\/td><td>0.45<\/td><td>1.04<\/td><\/tr><tr><td>&nbsp;<\/td><td>&nbsp;<\/td><td>&nbsp;<\/td><td>&nbsp;<\/td><td>&nbsp;<\/td><td>&nbsp;<\/td><td>&nbsp;<\/td><td>&nbsp;<\/td><\/tr><tr><td>Contained Metals<\/td><td>&nbsp;tonnes&nbsp;<\/td><td>505<\/td><td>267<\/td><td>98<\/td><td>&nbsp;<\/td><td>&nbsp;<\/td><td>&nbsp;<\/td><\/tr><tr><td>Hautalampi Mineral resource as of 21st June 2021. @ 0.3 Ni Equivalent Cut-off<\/td><td>&nbsp;<\/td><td>&nbsp;<\/td><td>&nbsp;<\/td><\/tr><tr><td>&nbsp;<\/td><td>&nbsp;<\/td><td>&nbsp;<\/td><td>&nbsp;<\/td><td>&nbsp;<\/td><td>&nbsp;<\/td><td>&nbsp;<\/td><td>&nbsp;<\/td><\/tr><tr><td><strong>M\u00f6kkivaara<\/strong><\/td><td>&nbsp;<\/td><td>Ni&nbsp;<\/td><td>Cu&nbsp;<\/td><td>Co&nbsp;<\/td><td>S&nbsp;<\/td><td>Ni Eq<\/td><td>Cu Eq<\/td><\/tr><tr><td>&nbsp;<\/td><td>Tonnes&nbsp;<\/td><td>%<\/td><td>%<\/td><td>%<\/td><td>%<\/td><td>%<\/td><td>%<\/td><\/tr><tr><td>Inferred<\/td><td>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2,186,000<\/td><td>0.25<\/td><td>0.16<\/td><td>0.06<\/td><td>2.60<\/td><td>0.46<\/td><td>1.07<\/td><\/tr><tr><td>&nbsp;<\/td><td>&nbsp;<\/td><td>&nbsp;<\/td><td>&nbsp;<\/td><td>&nbsp;<\/td><td>&nbsp;<\/td><td>&nbsp;<\/td><td>&nbsp;<\/td><\/tr><tr><td>Contained Metals<\/td><td>&nbsp;tonnes&nbsp;<\/td><td>5410<\/td><td>3509<\/td><td>1218<\/td><td>&nbsp;<\/td><td>&nbsp;<\/td><td>&nbsp;<\/td><\/tr><tr><td>M\u00f6kkivaara Mineral resource as of 21st June 2021. @ 0.3 Ni Equivalent Cut-off<\/td><td>&nbsp;<\/td><td>&nbsp;<\/td><td>&nbsp;<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p>Mineral resource notes and assumptions:<\/p>\n\n\n\n<p>(1) The mineral resource estimate has an effective date of June 21, 2021. (2) Mineral resources do not have demonstrated economic viability. (3) The estimate has been prepared and reported in accordance with the recommendations of the 2012 Australasian Code for Reporting of Mineral Resources and Ore Reserves (JORC 2012).&nbsp; (4) Exchange rate used: USD\/EUR 1.18. (5) Base case cut-off grade for the estimate of the mineral resources is 0.3 % NiEq. (6) NiEq = nickel equivalent percentage. NiEq grade calculated using (USD prices of) nickel US $17,500 \/t, copper US$ 7,500 \/t and cobalt US$ 45,000 \/t. No metallurgical or recovery factors have been assumed at this early stage of the Project. NiEq grade calculation = Ni% + (Co%*45000+Cu%*7500)\/17500. (7) It is reasonably expected that the majority of inferred mineral resources could be upgraded to indicated or measured mineral resources with continued exploration. (8) FinnCobalt is not aware of any legal, political, environmental, or other risks that could materially affect the potential development of the mineral resources.&nbsp;The Ordinary Kriging method (\u201cOK\u201d) algorithm for grade interpolation was used for the Hautalampi Mineral Resource using an experimental variogram models created for the elements Ni, Cu, Co, S, Fe, and Zn. M\u00f6kkivaara Mineral Resource estimation was carried out using the Inverse Distance Squared method (\u201cID2\u201d) algorithm using a search ellipsoid oriented to the average strike, plunge and dip of the mineralised zone.<\/p>\n\n\n\n<p>Samples within the wireframes were composited to 1.5 m intervals. The estimate is based on a block size of 5 m (X)by 5 m (Y) by 5m (Z), with sub-blocks of 2.5m by 2.5m by 2.5m. The block model is rotated -45 degrees around Z -axis to match the general strike of the mineralization.&nbsp;&nbsp; A bulk density value of 2.82t\/m\u00b3 was assigned to all materials (ore and waste).<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" data-src=\"https:\/\/mb.cision.com\/Public\/12124\/3380268\/868c618957d05d27_800x800ar.jpg\" alt=\"868c618957d05d27_800x800ar\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" class=\"lazyload\" \/><\/figure>\n\n\n\n<p><strong>Competent Person&#8217;s Statement<\/strong><\/p>\n\n\n\n<p>The Information in this release that relates to Mineral Resources is based on information compiled by Mr. Ville-Matti Sepp\u00e4, a Competent Person who has an EurGeol qualification. Mr. Sepp\u00e4 is a full-time employee of AFRY Finland Oy. Mr. Sepp\u00e4 has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the \u201cAustralasian Code for Reporting of Exploration Results, Mineral Resources, and Ore Reserves\u201d. Mr. Sepp\u00e4 has reviewed, verified, and approved the contents of this news release as they relate to the mineral resource estimate. Mr. Sepp\u00e4 owns no shares in FinnCobalt Oy or Eurobattery Minerals AB.<\/p>\n\n\n\n<p><strong>For further information, please contact:<\/strong><\/p>\n\n\n\n<p>Roberto Garc\u00eda Mart\u00ednez, CEO&nbsp;<\/p>\n\n\n\n<p>E-mail:&nbsp;<a href=\"mailto:roberto@eurobatteryminerals.com\">roberto@eurobatteryminerals.com<\/a><\/p>\n\n\n\n<p>Website:&nbsp;<a href=\"https:\/\/investors.eurobatteryminerals.com\/en\/\">https:\/\/investors.eurobatteryminerals.com\/en\/<\/a><\/p>\n\n\n\n<p><strong>About Eurobattery Minerals<\/strong><\/p>\n\n\n\n<p>Eurobattery Minerals AB is a Swedish mining company listed on NGM&nbsp;Nordic SME&nbsp;(BAT) and B\u00f6rse Stuttgart (EBM). As the foundation of the battery value chain the company\u2019s vision is to help Europe become self-sufficient in ethical and fully traceable battery minerals for the electric vehicle industry. The company is focused on exploration and development of several nickel-cobalt-copper projects in Europe to supply sustainably mined raw materials critical to the rapidly growing battery market.<\/p>\n\n\n\n<p>Please visit&nbsp;<a href=\"http:\/\/www.eurobatteryminerals.com\/\">www.eurobatteryminerals.com<\/a>&nbsp;for more information.<\/p>\n\n\n\n<p>Augment Partners AB, e-mail: info@augment.se, phone: +46 8-604 22 55, is the company\u2019s Mentor.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Eurobattery Minerals AB (Nordic Growth Market: \u201cBAT\u201d; \u201cthe company\u201d), a growth company in the mining and exploration industry with the vision to help Europe become self-sufficient in ethical battery minerals, has been informed that FinnCobalt Oy has received a complete JORC 2012 compliant Mineral Resource report entitled \u201cHautalampi Ni-, Cu-, Co-Deposit Mineral Resource Estimate, Outokumpu, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":4628,"comment_status":"closed","ping_status":"closed","sticky":true,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[32,34],"tags":[28],"class_list":["post-4623","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-press-releases","category-regulatory","tag-hautalampi-en"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Mineral resource report from Hautalampi project in Finland available | Eurobattery Minerals Investor Relations<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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