{"id":5245,"date":"2022-09-29T05:30:00","date_gmt":"2022-09-29T05:30:00","guid":{"rendered":"https:\/\/investors.eurobatteryminerals.com\/eurobattery-minerals-almost-40-increase-in-the-contained-metals-in-the-finnish-hautalampi-ni-co-cu-mine-project\/"},"modified":"2022-09-29T07:35:47","modified_gmt":"2022-09-29T05:35:47","slug":"eurobattery-minerals-almost-40-increase-in-the-contained-metals-in-the-finnish-hautalampi-ni-co-cu-mine-project","status":"publish","type":"post","link":"https:\/\/investors.eurobatteryminerals.com\/en\/press-releases\/eurobattery-minerals-almost-40-increase-in-the-contained-metals-in-the-finnish-hautalampi-ni-co-cu-mine-project\/","title":{"rendered":"Eurobattery Minerals: Almost 40% increase in the contained metals in the Finnish Hautalampi Ni-Co-Cu mine project"},"content":{"rendered":"\n

Stockholm, 29 September 2022<\/strong> \u2013 The mining company Eurobattery Minerals AB (Nordic Growth Market: BAT and B\u00f6rse Stuttgart: EBM; in short: \u201cEBM<\/a>\u201d, \u201cEurobattery\u201d or \u201cthe Company\u201d) today announces that it has received an updated resource estimate on the Hautalampi project. The independent JORC-compliant estimate prepared by AFRY Finland Oy concludes that compared to previous analysis in 2021, the available mineral resources in the mine project has almost doubled with almost 40% more metals. Eurobattery Minerals owns 40% of the Hautalampi project and have the option to acquire 100% from its current majority owner FinnCobalt.<\/p>\n\n\n\n

\u201cI am extremely pleased! The new estimate exceeds our previous expectations and confirms that the Hautalampi mine project has more than 1\/3 more battery minerals available than what was thought. It’s a significant discovery and sends a strong message – our Finnish mine project have all the prerequisites to be an important source for responsible mined battery minerals powering the European automotive and clean energy sector,\u201d said Roberto Garc\u00eda Mart\u00ednez, CEO of Eurobattery Minerals.<\/p>\n\n\n\n

Key information and findings<\/strong><\/h4>\n\n\n\n

New area covered:<\/u><\/strong> The new resource estimate prepared by AFRY Finland Oy includes newly estimated Hautalampi area and its North-Eastern extension known as the M\u00f6kkivaara area. Both areas have been the target of the year 2021 core drilling campaign, which was completed in December 2021.<\/p>\n\n\n\n

Significant tonnage increase<\/u><\/strong>: Compared to the estimate by AFRY Finland Oy in 2021, the total tonnage in the measured, indicated, and inferred resource categories tonnage has almost doubled and contained metal increased approximately 39% in the mine lease area.<\/p>\n\n\n\n

JORC-code compliant:<\/u><\/strong> The estimate has been prepared and reported in accordance with the recommendations of the 2012 Australasian Code for Reporting of Exploration Results, Mineral Resources, and Ore Reserves (JORC-code). The mineral resource is estimated using a database containing approximately 86,500 meters of diamond core drilling including 4,600 meters drilled during the 2021 campaign.<\/p>\n\n\n\n

Next steps:<\/u><\/strong> With the resource update in hand, Eurobattery Minerals will now conduct further technical and economical evaluations of the project viability. This includes investigate different downstream processing and off-take options to receive maximum revenue especially from the Nickel-Cobalt concentrate<\/p>\n\n\n\n

Details about the Hautalampi and M\u00f6kkivaara deposit measured and indicated mineral resource<\/strong><\/h4>\n\n\n\n