Fäboliden Gold Mine

The Fäboliden Gold Deposit is a medium grade body of gold mineralization that has good potential for exploitation by open-pit and underground mining methods. The Fäboliden deposit is defined over a strike length of 1,295 metres and includes a 665 metre vertical extent from 485mRL to -180mRL and remains open in several directions. Test mining activities commenced at Fäboliden, with the first parcel of ore from the open pit, mined and transported to the Svartliden Plant during June 2019. During the permitted mining period between May and September, 60,393 tonnes of ore grading 2.6 g/t gold was mined in 2019. In accordance with the conditions of the Test Mining Permit, test-mining activities recommenced at Fäboliden in May 2020. Test mining activities will continue through to the end of September 2020. (Previously Lappland Goldminers AB [went bankrupt in 2014], now owned by Dragon Mining)