Nussir Property

Sediment-hosted copper-silver-gold deposit in the Repparfjord area of Finnmark, northern Norway, planned as an underground operation. The mineral resource was estimated under CIM definitions using a 0.30% Cu cut-off related to potential underground mining and a 2.0 m minimum mining width. Metal price assumptions were US$4.20/lb copper, US$27.00/oz silver and US$2,200/oz gold, with SGS metallurgical recoveries of 96% Cu, 80% Ag and 93% Au from 2022 test work. The project is a key European copper development asset for the company.