220km2 in the Skåne Province of Southern Sweden
JORC Mineral Resource of 116.9Mt @ 0.39% V2O5 (61.8Mt @ 0.39% V2O5 Indicated and 55Mt @ 0.39% V2O5 Inferred) with less than 2% of the licence explored to date.
Potential to host Europe’s largest vanadium deposit
The Skåne Project offers exposure to Vanadium and the battery metals sector with a deposit in the heart of Europe. Sweden has long history of mining together with a well-established process of law, beneficial economics and proximity to terminal markets.
The Skåne Vanadium Project is located on the southern-most tip of Sweden, about 1 hour’s drive from Malmö and 90 minutes’ drive from Copenhagen. The project is comprised of 11 granted licences totalling ~220km2.
The presence of unusually high concentrations of vanadium in the Dictyonema Formation in Skåne was first identified in 1940 when mining and production of V2O5 was conducted near to the hamlet of Flagabro. Vanadium is clay hosted and concentrated primarily by biological processes under basin-wide anoxic conditions.
Vanadium is amenable to recovery via Pressure Oxidation Leaching (POX), a closed circuit process which minimises environmental impact of metal production. ScandiVanadium is conducting Phase One testwork through a SIP STRIM funded project focussed on ore characterisation and POX testwork to develop a process flow sheet capable of environmentally acceptable recovery of vanadium from the Dictyonema Formation. This work is being undertaken in partnership with Research Institutes of Sweden (RISE), Processum and Clay Tech.
Drilling at the Hörby in 2019 has estimated an indicated and inferred resource of 116.9Mt @ 0.39%V2O5 (1,005 million pounds of contained V2O5), with less than 2% of the project area explored. The high tonnage, near surface resource estimated at Hörby reflects the widespread stratigraphic hosted vanadium mineralisation across Skåne and demonstrates the potential for Skåne to host Europe’s largest vanadium resource.
Sweden is an established and highly regarded mining jurisdiction, a member of the European Union and has excellent human capital and infrastructure. The 2017 Fraser Institute Policy Perception Index, rated Sweden as the 4th most attractive jurisdiction in the world on ease and certainty of conducting mining and exploration activities. Sweden has amongst the lowest mining royalties globally at 0.2% and a corporate income tax rate of 22%.