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Gungnir Resources Inc V.GUG

Alternate Symbol(s):  ASWRF

Gungnir Resources Inc. is a mineral exploration company with base metal and gold permits in northern Sweden. The Company’s assets include two nickel-copper-cobalt deposits, Lappvattnet and Rormyrberget, both with updated nickel resources, and the Knaften project which hosts a developing intrusion-hosted gold system, and VMS (zinc-copper) and copper-nickel targets. It also has Hemberget property to its Swedish property portfolio, a greenfield copper-nickel target. The Knaften project is situated at the south end of a regional structure known as the Gold Line or Knaften-Barsele Arc located within a prolific VMS region including the Skellefte Belt and VMS belts in Finland. The Lappvattnet and Rormyrberget nickel deposits are located in the eastern part of the Vasterbotten District, 60 kilometers (km) and 100 km respectively east of the Company’s Knaften gold exploration project. The Hemberget is located approximately six km north of Gungnir’s Knaften project within the broader Gold Line


TSXV:GUG - Post by User

Post by CrazyPropheton Oct 08, 2021 8:04am
56 Views
Post# 33987634

Some idea of nickel demand going forward !!!

Some idea of nickel demand going forward !!!Sotkamo, October 8th, 2021 – Renault Group, a top automotive player and pioneer in the European EV market, and Terrafame, a company operating one of the world’s largest production lines for EV battery chemicals in Finland, have signed a Memorandum of Understanding (MoU) for a future supply of nickel sulphate. With this agreement, Renault Group will secure a significant annual supply of nickel sulphate from Terrafame, representing up to 15 GWh of annual capacity. The cooperation will begin by paying particular attention to sustainability systems and defining detailed metrics for traceability beyond solutions currently used for EV battery chemicals production.

Their nickel grade pales in comparison !!!
The project has total measured, indicated and inferred resources of 414Mt (0.15% Ni cut-off) containing 0.26% Ni, 0.02% Co, 0.14% Cu and 0.54% Zn. Total proved and probable reserves are about 257Mt, at about the same grades.
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