Bluelake Mineral has obtained extension of exploration permits

Bluelake Mineral AB (publ) ("the Company" or "Bluelake Mineral"), has via its Swedish subsidiary Nickel Mountain AB ("Nickel Mountain") from the Swedish Mining Inspectorate obtained extension with one year for each of the exploration permits named Kattisavan nr 4 (gold) and Orrbäcken nr 4 (nickel).

The Swedish Mining Inspectorate has decided that the following exploration permits held by the Company, Kattisavan nr 4 in the municipality of Lycksele and Orrbäcken nr 4 in the municipality of Skellefteå, both in the county of Västerbotten, shall be automatically extended with one year respectively due to a legislative change mitigating the effects of Covid-19, which extends the validity of all exploration permits that were in force on June 9 this year. The Swedish Mining Inspectorate has confirmed that these exploration permits have been extended accordingly:

  • Kattisavan nr 4 is now valid until July 14, 2024
  • Orrbäcken nr 4 is now valid until June 23, 2024

____________

Stockholm, July 2022
Bluelake Mineral AB (publ)
The Board of Directors

Additional information

For additional information, please contact:
Peter Hjorth, CEO, Bluelake Mineral AB (public), phone +46-725 38 25 25
Email: [email protected] 

General information about the Company

Bluelake Mineral AB (public) is an independent Swedish company active in exploration and mine development of copper, zinc and nickel resources.

The Company owns approximately 99% of the subsidiary Vilhelmina Mineral AB, which is focusing on development of copper and zinc deposits in the Nordic region. In Sweden, the Company owns Stekenjokk-Levi project, where a total of approximately 7 million tonnes of ore were mined between 1976 and 1988 with an average grade 1.5% Cu and 3.5% Zn. Stekenjokk-Levi is, according to a recent Mineral Resource Estimate by SRK Consulting, containing inferred mineral resources of approximately 6.7 million tonnes with 0.9 % Cu, 2.7 % Zn, 0.6 % Pb, 55 Ag g/t and 0.2 g/t Au for Stekenjokk and inferred mineral resources of 5.1 million tonnes with 1.0 % Cu, 1.5 % Zn, 0.1 % Pb, 22 Ag g/t and 0.2 g/t Au for Levi (at a NSR cut-off of 60 USD/t). In Norway, the Company is owner of Joma Gruver AS which holds exploitation rights for the Joma field, where approximately 11.5 million tonnes of ore were processed between 1972 and 1998 with an average grade of 1.5% Cu and 1.5% Zn. The Joma field (excluding Gjersvik) is, according to a recent mineral estimate by SRK Consulting, containing indicated mineral resources of approximately 6 million tonnes with grades amounting to 1.00 % Cu and 1.66 % Zn and inferred resources of 1.2 million tonnes with grades 1.2 % Cu and 0.7 % Zn (at cut-off of 50 USD/t).

In addition, the Company holds exploitation concessions for the nickel project Rönnbäcken (which is Europe's largest known undeveloped nickel resource) and an exploration permit for Orrbäcken, both which are located in Sweden. According to a recently updated mineral resource update in by the mining consulting company SRK, the Rönnbäcken project contains a mineral resource of 600 million tonnes with an average grade of 0.18% Ni, 0.003% Co and 5.7% Fe ("measured and indicated"). The updated preliminary economic assessment that SRK completed predicts a production of 23,000 tonnes of nickel, 660 tonnes of cobalt and 1.5 million tonnes of iron per year for 20 years, which would be a significant proportion of Sweden's total annual use of nickel which thereby has a strategic value. Orrbäcken is is considered to have potential as a nickel deposit.

The Company also owns 50.1% in the company Mahvie Minerals AB, which is a Nordic exploration and mine development company with a focus on base metals, precious metals and battery metals. Mahvie Minerals operates, among other things, in Mo i Rana in Norway, which is a well-known industrial and mining area comprising both smelters and mining of iron ore. Mahvie Minerals holds about 40 exploration permits in Mo i Rana where there is a closed previous mine with residual mineralization containing zinc, copper and other metals and a current potential estimated by Mahvie Minerals of over 5 Mton with a grade of 3.8% zinc equivalents. Mahvie Minerals plans to expand potential and mineral resources via exploration and begin development of mining operations. Mahvie Minerals also owns the Haveri gold project, which is held by the subsidiary Palmex Mining Oy and which was recently acquired from Bluelake Mineral. In 2014, the consulting company SRK Consulting carried out a preliminary profitability assessment (Preliminary Economic Assessment). This report provides an estimate of 1.56 million oz. historical assumed mineral resource in the form of gold equivalents with a grade of 0.93 g/t gold. The company plans to distribute the shares in Mahvie Minerals to the shareholders of Bluelake Mineral in the fall of 2022.

Further, the Company holds an exploration permit for Kattisavan which is mainly considered to have potential as a gold resource and is located within the so-called gold line, close to projects such as Svartliden, Fäboliden and Barsele.

Nerladdningsbara filer

Mark- och miljödomstolen meddelar ytterligare två veckors frist för Vilhelmina södra sameby att komplettera överklagan mot tillstånd för gruvverksamhet inom Natura 2000-område

Bluelake Mineral AB (publ) ("Bolaget" eller "Bluelake Mineral") har som tidigare meddelats via dotterbolaget Vilhelmina Mineral AB den 2 juni 2022 beviljats Natura 2000-tillstånd för gruvverksamhet. Länsstyrelsen i Västerbotten beslutade att bevilja Vilhelmina Mineral AB tillstånd enligt 7 kap. 28a § miljöbalken för gruvverksamhet i anslutning till och inom Natura 2000-området Vardo-, Laster- och Fjällfjällen (SE0810394) i Vilhelmina kommun. Beslutet har som tidigare meddelats överklagats av Vilhelmina södra sameby. Tidsfristen för att komplettera överklagan gick ut den 30 september utan att komplettering inkommit. Mark- och miljödomstolen vid Umeå Tingsrätt har dock beslutat att ge Vilhelmina södra sameby ytterligare två veckors tidsfrist att komplettera överklagan.


Land and Environmental Court announces additional two-week deadline for Vilhelmina Södra Sami village to complete appeal against permit for mining activities in Natura 2000 area

Bluelake Mineral AB (publ) (the "Company" or "Bluelake Mineral") has as previously announced, via its subsidiary Vilhelmina Mineral AB, been granted a Natura 2000 permit for mining operations on June 2, 2022. The County Administrative Board of Västerbotten granted Vilhelmina Mineral AB a permit in accordance with Chapter 7 Section 28a of the Environmental Code for mining activities in connection with and within the Natura 2000 area Vardo, Laster and Fjällfjällen (SE0810394) in Vilhelmina municipality. As previously announced, the decision has been appealed by Vilhelmina Södra Sami village. The deadline for supplementing the appeal expired on September 30 without a supplement being received. However, the Land and Environmental Court at Umeå District Court has decided to give Vilhelmina Södra Sami village an additional two-week deadline to complete the appeal.


Bluelake Mineral fastställer avstämningsdag för utdelning av aktier i Mahvie Minerals AB (publ)

Idag beslutade extra bolagsstämman i Bluelake Mineral AB (publ) ("Bolaget" eller "Bluelake") att dela ut Bolagets samtliga 54 166 485 aktier i Mahvie Minerals AB (publ) ("Mahvie Minerals") till Bolagets aktieägare. Styrelsen bemyndigades samtidigt att fastställa avstämningsdag för utdelningen. Avstämningsdagen har fastställts till den 7 oktober 2022.


Bluelake Mineral determines the record date for the distribution of shares in Mahvie Minerals AB (publ)

Today, the extraordinary general meeting of Bluelake Mineral AB (publ) (the "Company" or "Bluelake") decided to distribute all of the Company's 54,166,485 shares in Mahvie Minerals AB (publ) ("Mahvie Minerals") to the Company's shareholders. At the same time, the board was authorized to determine the record date for the dividend. The record date has been set to October 7, 2022.


Kommuniké från extra bolagsstämma i Bluelake Mineral

Aktieägarna i Bluelake Mineral AB (publ) ("Bolaget" eller "Bluelake") har den 30 september 2022 hållit extra bolagsstämma i Stockholm varvid följande huvudsakliga beslut fattades.


Bulletin from Extraordinary General Meeting in Bluelake Mineral

The shareholders of Bluelake Mineral AB (publ) ("Bluelake" or the "Company") have held an Extraordinary General Meeting on September 30, 2022 (the "EGM") whereby the following main decisions were made.


Kallelse till extra bolagsstämma i Bluelake Mineral AB (publ)

Aktieägarna i Bluelake Mineral AB (publ), org nr 556493-3199 ("Bolaget"), kallas härmed till extra bolagsstämma den 30 september 2022 kl. 10.00 på Brahegatan 29, 114 37 Stockholm, Sverige.


Announcement of Extraordinary General Meeting in Bluelake Mineral AB (publ)

The shareholders of Bluelake Mineral AB (publ), company registration no 556493-3199 (the "Company"), are hereby invited to participate in the Extraordinary General Meeting ("EGM") to be held on September 30, 2022 at 10 am at Brahegatan 29, 114 37 Stockholm, Sweden.


Statsförvaltaren i Trøndelag har dragit tillbaka invändning mot reguleringsplan för Jomagruvan

Bluelake Mineral AB (publ) ("Bolaget" eller "Bluelake Mineral") har via sitt norska dotterbolag Joma Gruver AS ("Joma Gruver") från statsförvaltaren i norska fylket Trøndelag meddelats att de är nöjda med efterfrågade svar och kompletteringar och att statsförvaltaren därför drar tillbaka sin tidigare invändning mot reguleringsplanen för Jomagruvan.


County administrator in Trøndelag has withdrawn objection against zoning plan för Joma mine

Bluelake Mineral AB (publ) (the "Company" or "Bluelake Mineral") has been notified via its Norwegian subsidiary Joma Gruver AS ("Joma Gruver") by the county administrator in the Norwegian county of Trøndelag that they are satisfied with the requested answers and supplements and that the county administrator therefore withdraws its previous objection to the zoning plan for the Joma mine.




Bluelake Mineral offentliggör delårsrapport andra kvartalet 2022

Andra kvartalet 2022 (april - juni)

  • Intäkterna för andra kvartalet uppgick till 0,07 (0,7) mkr
  • Prospekterings- och utvärderingskostnader för andra kvartalet uppgick till -1,1 (-1,7) mkr
  • Resultatet efter skatt för andra kvartalet uppgick till -2,9 (-6,4) mkr
  • Resultatet per aktie för andra kvartalet uppgick till -0,05 (-0,02) kr

Första halvåret 2022 (januari - juni)

  • Intäkterna för första halvåret uppgick till 0,1 (0,7) mkr
  • Prospekterings- och utvärderingskostnader för första halvåret uppgick till -3,1 (-3,2 mkr
  • Resultatet efter skatt för första halvåret uppgick till -7,5 (-9,5) mkr
  • Resultatet per aktie för första halvåret uppgick till -0,14 (-0,02) kr

Bluelake Mineral announces financial report for second quarter 2022

Second quarter 2022 (April - June) 

  • Revenue in second quarter amounts to MSEK 0.07 (0.7)
  • Exploration and evaluation costs for second quarter amounts to MSEK -1.1 (-1.7)
  • After-tax result for the second quarter amounts to MSEK -2.9 (-6.4)
  • Result per share for second quarter amounts to SEK -0.05 (-0.02)

First six months 2022 (January - June)

  • Revenue in first six months amounts to MSEK 0.1 (0.7)
  • Exploration and evaluation costs for first six months amounts to MSEK -3.1 (-3.2)
  • After-tax result for the first six months amounts to MSEK -7.5 (-9.5)
  • Result per share for first six months amounts to SEK -0.14 (-0.02)

Bluelake Mineral erhåller förlängning av undersökningstillstånd

Bluelake Mineral AB (publ) ("Bolaget" eller "Bluelake Mineral") har via sitt svenska dotterbolag Vilhelmina Mineral AB ("Vilhelmina Mineral") från Bergsstaten meddelats att följande undersökningstillstånd förlängs med ett år: Ankarvattnet nr 2 (koppar och zink).


Mineral has obtained extension of exploration permit

Bluelake Mineral AB (publ) ("the Company" or "Bluelake Mineral"), has via its Swedish subsidiary Vilhelmina Mineral AB ("Vilhelmina Mineral") from the Swedish Mining Inspectorate obtained extension with one year for the exploration permit named Ankarvattnet nr 2 (copper and zinc).


Bluelake Mineral erhåller förlängning av undersökningstillstånd

Bluelake Mineral AB (publ) ("Bolaget" eller "Bluelake Mineral") har via sitt svenska dotterbolag Nickel Mountain AB ("Nickel Mountain") från Bergsstaten meddelats att följande undersökningstillstånd förlängs med ett år: Kattisavan nr 4 (guld) och Orrbäcken nr 4 (nickel).


Bluelake Mineral has obtained extension of exploration permits

Bluelake Mineral AB (publ) ("the Company" or "Bluelake Mineral"), has via its Swedish subsidiary Nickel Mountain AB ("Nickel Mountain") from the Swedish Mining Inspectorate obtained extension with one year for each of the exploration permits named Kattisavan nr 4 (gold) and Orrbäcken nr 4 (nickel).


Bluelake Mineral har slutfört försäljning av dotterbolaget Palmex Mining Oy och efterföljande investeringar i Mahvie Minerals AB

Bluelake Mineral AB (publ) ("Bluelake Mineral" eller "Bolaget") meddelade den 15 juli 2022 att Bolaget hade ingått slutligt avtal rörande försäljning av samtliga aktier i Bolagets dotterbolag Palmex Mining Oy till Mahvie Minerals AB ("Mahvie Minerals") ("Försäljningen") samt teckning av aktier i Mahvie Minerals ("Investeringen"). Bluelake Mineral har idag slutfört Försäljningen och Investeringen.


Bluelake Mineral completes the sale of all shares in its subsidiary Palmex Mining Oy and subsequent investments in Mahvie Minerals AB

Bluelake Mineral AB (publ) ("Bluelake Mineral" or the "Company") announced on 15 July 2022 that the Company had entered into a final agreement regarding the sale of all shares in the Company's subsidiary Palmex Mining Oy to Mahvie Minerals AB ("Mahvie Minerals") (the "Sale") and the subscription of shares in Mahvie Minerals (the "Investment"). Bluelake has today completed the Sale and the Investment.


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