Norge Mining's Pre-Feasibility Study: A Game Changer for Mining in Norway
Norge Mining Achieves Major Milestone in Mining
Norge Mining has successfully completed a pivotal pre-feasibility study (PFS) for its Eigersund Project, marking a crucial step in the mining sector of Norway. This environmentally sustainable greenfield mining project aims to secure critical minerals essential for various industries, including food security and green technology.
Key Details of the Eigersund Project
- Location: Southwest Norway, Storeknuten exploration area
- NPV: Estimated at US$2.01 billion
- Yearly Output: Expected to reach 20 million tpa
- Resource Statement: 3.2 billion t in the exploration area
- Capital Cost: $2.31 billion projection, with potential for reduction
CEO John Vergopoulos emphasized the importance of this project for ensuring the steady supply of critical minerals, stating, “At a time of real uncertainty, the need for self-reliance in the supply chain of critical materials has never been starker.”
Conclusively Advancing Mining Goals
The completion of the pre-feasibility study proves the viability of extracting phosphate, titanium, vanadium, and ferro magnetite. It is a significant advancement not only for Norge Mining but for Europe’s strategic resource initiatives.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.