Goals & Strategy
Business concept
The company's business concept is to conduct mining production and, through exploration, develop mineral deposits in the Nordic countries with the aim of creating good development in terms of shareholder value.
Business model
Lappland Gold Prospecting's revenues from future producing mines are intended to be initially reinvested in exploration activities and in the development of new mineral deposits. In the longer term, it is intended that the returns from producing mines will be distributed to the owners.
Goals
• To prospect and develop a mineral reserve within the company's most qualified project, Stortjärnhobben, of 500,000 ounces, corresponding to a production of approximately 15 years.
• In parallel with the work directed towards the core project, Stortjärnhobben, to prospect for at least one mineral resource on one of the companies' other projects within 3 years that justifies financing in an extensive drilling program
Strategy
We will create a growing, high-quality, sustainable mining company with as low risk as possible. The company will ensure that the existing project portfolio lives up to expectations and, in the long term, generates a positive free cash flow.
Ensure that we maintain and develop a pipeline of new projects to continuously replenish mineral reserves and potential future production.
Lappland Gold Prospecting will develop our employees and provide growth opportunities to support the development of our people, operations and projects. We will also have a local presence.
We shall create value for our shareholders while operating in a safe, socially and environmentally responsible manner. The Company shall contribute to the well-being of employees, their families and the populations in and around the communities in which we operate.
