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Norge Mining plc - Publication of Mineral Resource Estimate
February 17, 2021 GMT
LONDON (BUSINESS WIRE) Feb 17, 2021
Norge Mining plc, the UK-based exploration company focused on Norway, announces the publication of a maiden Mineral Resource Estimate for the Øygrei area, which confirms the world-class 1 characteristics of the Company’s Bjerkreim Exploration Project in south west Norway.
Highlights
Maiden Mineral Resource Estimate of 1.55 billion tonnes, containing mean grades of 1.74% phosphorus pentoxide, 4.95% titanium dioxide and 0.07% vanadium pentoxide.
This is a world-class resource of EU Critical Raw Materials, defined as materials of strategic importance for the European economy but for which the EU currently relies on imported supply, and could potentially support a mine life in excess of 50 years.