About Vulcan
Vulcan Resources Limited is an emerging base metals development and exploration company in Finland.
The Company’s primary focus is the development of its 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.
Projected production over a mine life of a minimum of 10 years is 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 and site works will commence in mid 2008.
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.
Vulcan also has extensive vanadium, nickel-copper and platinum group element exploration projects in northern Finland.
Company Codes: ASX: VCN, FSE: VUA (WKN: A0HHEF), NOTC: VCNR
Shares on issue: 224.5m shares, 27m options