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XLR8 take the checkered flag on Swedish nickel

18 April 2023 02:55

(This article was originally published on the 18th of January 2023)

Ahead of its initial public offering, XLR8 Metals have moved to complete the acquisition of its Gårkälen and Kalen assets in the southwestern area of Sweden’s Västerbotten Nickel Belt, host to a bevy of base metal resources rich in grade and tonnage.

It confirms XLR8’s ownership of two assets with similarly desirable traits with historical drill intercepts confirming a sulphide hosted nickel and copper system but which has seen limited exploration activity in recent decades. Mineralisation is open at depth and drill-ready sites are already identified.

Both projects are prospective along strike from historical drilling with both nickel and copper occurrences – future-facing metals on the ascent as economies move ahead on the path of global electrification.

Mining-friendly Sweden is notably home to Europe’s largest Gigafactory developed by leading Swedish battery group Northvolt, and with another 22 gigafactories set to come online across the EU by 2025, it places any potential resource on the doorstep of the continent’s nascent battery industry.

The pair are hardly the only assets in the XLR8 inventory as it builds velocity towards a fast-approaching IPO, holding an international portfolio and a globally credentialled leadership team to match.

Pending the successful completion of its IPO in the first months of 2023, XLR8 have plans afoot to fire up drilling over both the now-completed assets.

 

 

 

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