Bluelake Mineral is a Swedish company focused on exploration and mine development in the Nordic region within base metals, primarily copper, zinc and nickel. The company also holds projects with assets such as gold and oil.
In copper and zinc, the Company focuses on developing the Swedish project Stekenjokk and the Norwegian project Joam with the objective to put them into production. For Stekenjokk, a revised application for an exploitation concession has been submitted to the authorities. For Joma, the first step in the Norwegian equivalent of a exploitation concession has been obtained ("right of extraction").
Further, the Company also holds Swedish nickel project Rönnbäcken and the Finnish gold project Haveri. In both these cases, the Company is actively seeking financial and industrial partners for development of the projects.
In oil, a project is held in Tomsk, Russia. In this case, the strategy is to sell the project or enter into a partnership in order to finance and develop the project.
If you have any further questions, please contact our Investor Relations Contact.
Bluelake Mineral AB (publ) ("Bluelake Mineral" and "the Company"), has as previously announced, via its Norwegian subsidiary Joma Gruver AS entered into an agreement with SRK Consulting AB ("SRK") to conduct Mineral Resource Estimates ("MRE") for mineralization at Joma (Norway) and Stekenjokk-Levi (Sweden). SRK now has completed the MRE for Stekenjokk-Levi stating inferred mineral resources of 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 % Cu, 1.5 % Zn, 0.1 % Pb, 22 Ag g/t and 0.2 g/t Au for Levi. The Net Smelter Return ("NSR") value for the inferred mineral resources is estimated to 128 USD per tonne for Stekenjokk and 105 USD per tonne for Levi.
Third quarter 2021 (July - September)
- Revenue in third quarter amounts to MSEK 0.0 (1.2)
- Exploration and evaluation costs for third quarter amounts to MSEK -1.0 (-2.2)
- After-tax result for the third quarter amounts to MSEK -2.4 (-87.6)
- Result per share for third quarter amounts to SEK -0.05 (-0.15)
First nine months 2021 (January - September)
- Revenue for first nine months amounts to MSEK 0.7 (1.2)
- Exploration and evaluation costs for first nine months amounts to MSEK -2.2 (-2.3)
- After-tax result for first nine months amounts to MSEK -12.1 (-265.9)
- Result per share for first nine months amounts to SEK -0.28 (-0.46)
As previously announced, Bluelake Mineral AB (publ) ("Bluelake Mineral" or "the Company"), has via its Swedish subsidiary Vilhelmina Mineral AB (publ) ("Vilhelmina Mineral") submitted an application for a Natura 2000 permit on May 3, 2021, in accordance with the Environmental Code to the County Administrative Board of Västerbotten. Subsequently, as previously announced, the County Administrative Board of Västerbotten has decided that a supplement to the application is required regarding, among other things, the impact on the surrounding water systems. Vilhelmina Mineral now has submitted its supplement to the application to the County Administrative Board in which the key conclusion is that the potential negative impact from planned mining operations is very limited on the Natura 2000 area and a Natura 2000 permit should be granted.
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