Rakkuri (Fe) Project
Rakkuri is located 6km from Kiruna, 500m from heavy-gauge rail, 250m from road and a scoping study on the project was completed in 2013.
Rakkurijoki coprises a JORC compliant resource 74.5 Mt @ 39.7% Fe upgradeable to premium 69.2% iron concentrate.
There is potential for the mine plane to be supplemented by Rakkurijärvi producing up to 18Mt of saleable iron concentrate.
An exploitation concession application for Rakkurijoki is currently being prepared for lodgement.
Rakkuri is owned by KIAB a wholly owned subsidiary of Critical Metals Ltd.
In Sweden the railway is Government-owned and available to be used by third parties wanting to access to deep water iron ore ports at either Narvik, Norway (180km) or Luleå, Sweden (340km).
An international iron ore company paid USD1 Million to complete DD on Rakkuri in 2015 and whilst the due diliegnce confirmed the data provide by KIAB the rapidly falling iron ore price at the time precluded a transaction from being completed.