Exploration

Exploration is the act of searching and finding new deposits of minerals to mine.

The exploration process includes a number of phases, where each exploration step aims at increasing the geological knowledge of an area. Methods such as boulder tracing, geophysical and geochemical investigation, geological mapping and diamond drilling are used.

An exploration permit, approved by the Mining Inspectorate, Bergsstaten, is required to explore a land area.

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Environmental impact study
An environmental impact study shall describe the impact the operations will have on the environment, according to the regulations in the Environmental Code.
Exploitation concession
An exploitation concession, which is granted by the Mining Inspectorate, entitles the holder to have disposal of a mineral deposit that has proven to be worth mining. The concession applies to a specified area, which is limited by the extension and location of a proven deposit.
Exploration permit
An exploration permit, which is granted by the Mining Inspectorate, gives the holder exclusive rights to undertake investigations, access to the land within the specified area and precedence right to an exploitation concession.
Indicated mineral resource
Term according to NI 43-101. An indicated mineral resource is the part of a mineral resource that has a lower level of geological knowledge and confidence.
Inferred mineral resource
Term according to NI 43-101. An inferred mineral resource is the part of a mineral resource that has a low level of geological knowledge and confidence. An inferred mineral resource must not be summed up with mineral reserves or measured or indicated mineral resources and must also not be used as basis for economical evaluations.
Measured mineral resource
Term according to NI 43-101. A measured mineral resource is the part of a mineral resource that has a high level of geological knowledge and confidence.
Mineral resource
Term according to NI 43-101. A mineral resource is a concentration of minerals in the bedrock, from which commercial extraction of valuable minerals may take place.
Mining Inspectorate
The Mining Inspectorate (Bergsstaten) is the authority in Sweden that handles and decides on matters relating to exploration and exploitation of minerals.
NI 43-101
NI 43-101 is a Canadian set of rules that states standards and requirements for the information to be included in applications and other external information.
Ore reserve
Term according to NI 43-101. An ore reserve is a part of a mineral resource where economical extraction has been shown by at least one preliminary profitability calculation.
Probable ore reserve
Term according to NI 43-101. A probable ore reserve is the part of a ore reserve that has a lower level of geological knowledge and confidence
Proven ore reserve
Term according to NI 43-101. A proven ore reserve is the part of an ore reserve which has a high level of geological knowledge and confidence.