The Company’s principal business objectives are, and will continue to be, the acquisition, exploration, development and operation of gold, PGE, copper, silver, nickel, vanadium and other precious minerals.
In the near term, the Company intends to focus on:
- Commencing field work on the recently acquired Gladiator Gold and Warrior PGE-Ni-Cu Projects
- Extracting value from its existing nickel and vanadium resources in Sweden, Finland and Norway
- Acquiring additional opportunities for new previous metal projects
The Company has secured a 100% interest over the Warrior (100%) – PGE-Ni-Cu Project in December 2020. The Project is a highly prospective land position of 593 km2 in emerging PGE-Ni-Cu Terrane – commencing just 20km north from Chalice’s Gonneville Julimar discovery. Warrior PGE-Nickel-Copper Project covers a series of prominent magnetic anomalies similar to the mafic and ultramafic Gonneville intrusion. Pursuit undertaking interpretation of the available aeromagnetic data to define corridors of aeromagnetic anomalies prospective for PGE-Ni-Cu mineralisation. Follow-up electromagnetic surveys and soil geochemical sampling will be completed in order to define and prioritise drill target Calingiri East previous aircore intersected 1420ppm Ni in mafic rocks. Anomalous platinum and palladium has been intersected in at Wubin, confirming prospectivity of Warrior Project for PGE-Ni-Cu mineralisation. Calingiri West tenement covers part of the Sovereign Magnetic Complex as interpreted by Devex Resources (ASX: DEV) and is immediately adjacent to late-time airborne electromagnetic anomalies recently defined by Devex.
Nickel is a crucial element in the latest forms of battery technology, with demand for nickel forecast to grow exponentially over the next 20 years.