Portfolio Development

This Project Summary was last updated 2009-10-21 07:29:06.

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NEWS FLOW...

April 21, 2010

Successful Completion of $6.7M IPO and Admission to ASX

  • Scandinavian Resources Ltd (ASX:SCR) lists on ASX after completing $6.7m IPO.
  • SCR strategy is to ‘incubate’ a highly prospective portfolio of iron, manganese, gold, PGE and base metals projects in Scandinavia (primarily Sweden & Norway).
  • SCR cornerstone investor is S&P/ASX Top 200 company, OM Holdings Ltd (ASX:OMH).
  • Technical Director Mr Olof Forslund was previously Regional Manager of the Geological Survey of Sweden’s Mineral Resources Information Office in Mala, Sweden.
  • SCR is the 11th largest landholder (by area) of minerals exploration projects in Sweden & one of the largest landholders in the world class Kiruna IOCG District.
  • SCR exploration projects are the Kiruna iron project (Kiruna District, Sweden), Lake Embrace copper-lead-zinc-silver project (Nordland District, Norway) and Swampy Mountain iron-copper-gold plus PGE project (Skellefte District, Sweden).
  • SCR’s flagship Kiruna iron exploration project is 30km from the 2Bt Kiruna iron mine (owned by LKAB) – the world’s largest and most modern underground iron mine.
  • SCR’s ‘pipeline’ of projects cover manganese, gold, copper-gold and lead-zinc prospects in Sweden & Norway.
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