•650 km north of Stockholm
•Accessible by paved highway
•Transportation, power, water and labour readily accessible
•Sweden is a mining friendly jurisdiction – 3rd highest for Investment Attractiveness in Europe (according to Fraser Institute 2017)
•Part of Alum Shale which contains vanadium and other metals
(e.g., nickel, copper, zinc)
VIKEN DEPOSIT – HISTORICAL RESOURCES
VIKEN 2010 PEA
*Note: The 2010 PEA, which had uranium extraction its focus, was updated
by the Updated Technical Report, Resource Estimate Preliminary Economic
Assessment, February 2014. However, the 2014 PEA did not deal with vanadium.
**This amount of vanadium is only from the formerly proposed North and South pits in the 2010 PEA. See next three slides.