Sweden

Sweden is a tier one mining jurisdiction with considerable in-country operational advantages.

  • Low Sovereign Risk – High rank on Fraser Institute Investment Attractiveness Index, established mining law, capable workforce
  • Low Tax & Regulation - Company Tax: 20%, VAT: 25%, Royalty: 0.2% of mined ore value.
  • Established Major Operators – Lundin Mining (Zinkgruvan) & Boliden* (Garpenberg)
  • World-class Infrastructure - Established roads, rail, airports & ports. Rapid Drill Permitting: approved in ~3 weeks
  • Mining friendly - Favourable climate: Drilling year round; Community Partnerships: Area with history of mining, multiple mines in operation. No Native Title

Bergslagen, where the company’s Oxberg and Naverbeg Projects are located, hosts several major VMS deposits.

>25Mt:

  • Garpenberg (Boliden) - 168Mt@ 3.4% Zn, 1.6% Pb, 98g/t Ag, 0.3 g/t Au
  • Zinkgruvan (Lundin Mining) - >50Mt @ 8% Zn, 3.5% Pb, 70g/t Ag
  • Falun (Zetterqvist) (closed) - Produced 500kt Zn @ 5% Zn, 400kt Cu @ 0.6 to 4% Cu, 160kt Pb @ 2% Pb, 380t Ag @ 13 to 35g/t Ag and 5t of Au @ 0.5 to 4g/t Au over a millennium, ceased production in 1992

<25Mt:

  • Stollberg (6.7Mt)
  • Saxberget (6.8Mt)
  • Sala (8.3Mt)

Naverberg and Oxberg Projects

  • Two key positions within major mining district – land packages totalling 56km2

  • Repeat of Falun-Naverberg stratigraphy – AQI believes Naverberg and Oxberg are part of the same system

  • Proven parallel ore horizons in each district – target horizon doubled to 45km strike length

  • Large-scale alteration system – Similar to >120Mt Garpenberg deposit

  • Significant prospects and multiple walk-up drill targets already discovered – modern geophysics used in some areas but limited follow-up drilling

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