About Vulcan
Vulcan Resources Limited holds base metals development and exploration projects in Finland and has significant cash resources. It is actively seeking opportunities to complement its Finnish projects.
The Company’s principal asset is the 100% owned Kylylahti copper-cobalt project located in eastern Finland which has a Resource of 7.85 million tonnes grading 1.17% copper, 0.24% cobalt, 0.22% nickel, 0.49% zinc and 0.70 g/t gold.
A definitive feasibility study for Kylylahti was completed in 2008 envisaging a mine producing 800,000 tonnes per annum to produce an average 9,000 tonnes per annum (18 million pounds) of copper, 12,000 ounces of gold in copper concentrates, 1,900 tonnes per annum (4.2 million pounds) of cobalt, 1,400 tonnes per annum (3.1 million pounds) of nickel and 3,800 tonnes of zinc (8.4 million pounds) in bulk concentrates.The project is fully permitted but was placed in care and maintenance in October 2008 due to poor metal prices and financial markets.
Vulcan is also a successful nickel explorer at its 95% owned Kuhmo Nickel Project where there is a Resource containing 30,000 tonnes of nickel metal.