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Lannavaara Iron Project
The Lannavaara Iron Project has the potential to be a large, long life iron project. The concept for the Project involves exploiting a large magnetite iron resource, converting the ore into a high quality iron concentrate product, transporting the product by heavy gauge rail to one of three ports (Narvik-Norway, Luleå-Sweden or Skibotn-Norway) and shipping the product to market.
The current magnetite iron deposits (Paljasjärvi, Teltaja & Kevus) that comprise the Lannavaara Iron Project are located approximately 80km, by road, to the nearest open access, heavy gauge, railhead at Svappavaara. The Lannavaara Iron Project currently has a combined Exploration Target of 114-152Mt @ 32-41% Fe.
| Prospect | Tonnage Range (Mt) | Grade Range (Fe%) |
|---|---|---|
| Kevus | 35 - 45 | 28 - 35 |
| Paljasjärvi | 40 - 60 | 30 - 40 |
| Teltaja | 39 - 47 | 40 - 48 |
| TOTAL | 114 - 152 | 32 - 41 |
Table 1- Exploration Targets for the Lannavaara Iron Project, Sweden.
Paljasjärvi Deposit
The main deposit within the Lannavaara Iron Project is the Paljasjärvi deposit which is comprised of a 3.5km long magnetic anomaly; magnetite skarn mineralisation was confirmed by historic drilling in 1963 (6 holes). In 2012 Hannans completed initial DTR metallurgical testwork (Link to ASX announcement 24th October 2012) on the historic core which confirmed the ore upgrades to +69% Fe product. A substantial amount of drilling is required to further define the deposit and to ultimately generate a JORC compliant Mineral Resource Estimate for Paljasjärvi; in January 2014 a workplan for diamond drilling was approved.
Figure 1: Lannavaara Iron Project
Infrastructure Scoping Study
The Lannavaara Iron Project is at an early stage of development and to that end Hannans is investigating the possible infrastructure solutions to support a possible mining scenario at Lannavaara at the earliest possible stage of the project. Hannans is aiming to initiate a scoping study level assessment of the various rail and port solutions.
In early 2014 Hannans met with representatives from Trafikverket (Swedish Transport Authority) in Luleå to discuss possible infrastructure solutions for the Lannavaara Iron Project. The Lannavaara deposits are included in the ?Barents in Minerals? report (updated in February 2014) which explores the transportation needs of the Western Barents region. The meeting concluded with both parties agreeing in principal to form a working group to assess the feasibility of building a heavy gauge rail spur from Svappavaara to the deposits at Lannavaara.
Hannans is also considering alternative transport solutions for the Lannavaara Iron Project including investigating the potential to build a heavy gauge rail from the deposits to Karesuando (25km) and then alongside the existing E8 road highway to the deep water fjord at Skibotn in Norway (145km). This concept of rail from Kolari, Finland to Skibotn, Norway is not new with both the Norwegian and Finnish governments commissioning feasibility studies into the concept.
Figure 2: Regional Map for the Lannavaara Iron Project including current transport routes (blue & yellow) and potential rail corridors (red).
Sami Parliament Statement concerning Lannavaara mining plans and new railway in reindeer grazing areas
LATEST ANNOUNCEMENTS
| January 31, 2021 | December 2020 |
| November 16, 2020 | Placement & SPP |
| November 2, 2020 | 1st Quarter Cashflow Report |