IGE Resources AB (OSE: IGE) is pleased to announce a significant upgrade of Mineral
Resources at the Rönnbäcken Nickel Project (the Project). The latest Mineral Resource
Estimate incorporates down-dip extension drilling at the Rönnbäcknäset deposit and has
resulted in a conversion of 86.5 million tonnes (Mt) from the Inferred to the Indicated category.
Further, an additional 8 Mt of Indicated plus 12 Mt of Inferred were defined at Rönnbäcknäset
as a result of this drilling campaign. SRK Consulting (Sweden) AB (SRK) prepared the Mineral
Resource Statement on behalf of Nickel Mountain Resources AB (publ) (the Company), who
wholly own the Project. Notably, for the Project as a whole, 97% of Mineral Resources now lie
in the Measured and Indicated categories, an important milestone for the Company which now
aims to convert these Mineral Resource to Reserves, as part of the forthcoming Prefeasibility
Study (PFS). The entire Mineral Resource for the Project as a whole now includes a total of
668.3 Mt in the Measured and Indicated categories.
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