Hannans says third party conducting due diligence at Swedish project
JOHANNESBURG (miningweekly.com) – ASX-listed Hannans said on Thursday that a third party was granted an exclusive right to conduct a due diligence on its Rakkuri iron project, near Kiruna, in Sweden. The period of exclusivity ends on September 1.
Hannans said it had received interest from “a number” of parties regarding exploration, development and extraction of the iron-ore deposits at Rakkuri.
The project comprises two iron deposits, namely Rakkurijoki and Rakkurijarvi. A positive scoping study, which Hannans released to the market earlier this month, determined that the Rakkurijoki deposit had the potential to supply an iron product over a 12-year mine life, at a premium price, to the European, Middle East and North African markets. The study evaluated the practicality of combining a low-cost logistics solution with the least mining, processing, financial and execution risk.
The Rakkurijarvi deposit, 2.5 km south-west of Rakkurijoki, will now be combined in a prefeasibility study.
Comments
The
content
you are trying to access is only available to subscribers.
If you are already a subscriber, you can Login Here.
If you are not a subscriber, you can subscribe now, by selecting one of the below options.
For more information or assistance, please contact us at subscriptions@creamermedia.co.za.
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation