Principal project · Storuman Municipality, southern Lapland

Stortjärnhobben · 4.6 tonnes of gold

Inferred Mineral Resource classified in accordance with the PERC Reporting Standard (2021 edition) by the Competent Person, Lazaros Dalampiras. 4.6 tonnes of gold at an average grade of 1.73 g/t Au at a cut-off grade of 0.8 g/t Au. The mineralisation is open to the north, the south and at depth. Further drilling is required to delineate it.

Sunrise
Stortjärnhobben · 2025
01 · Mineral resource

First mineral resource under the PERC Reporting Standard (2021 edition)

The first mineral resource for Stortjärnhobben was presented in a press release on 18 December 2025 and is classified as an Inferred Mineral Resource under PERC.

Three reporting standards. Mineral resources are reported under one of three internationally recognised standards, depending on the region: the JORC Code in Australasia, NI 43-101 in Canada and the PERC Reporting Standard in Europe. Lappland Guldprospektering reports under the European standard, the PERC Reporting Standard (2021 edition).

4.6 tonnes of gold at an average grade of 1.73 g/t Au at a cut-off grade of 0.8 g/t Au.

The mineralisation is open to the north, the south and at depth. Further drilling is required to delineate it. For the full grade and tonnage table, download the resource report below.

Competent Person under PERC: Lazaros Dalampiras.

02 · Geography

Located in Storuman Municipality

Stortjärnhobben lies 2.5 km south of the Umeälven river in Storuman Municipality, southern Lapland. The area forms part of the historical gold-bearing belt that runs through the interior of northern Sweden and is known as the Gold Line.

The Company’s exploration activity has been ongoing at the deposit since the early 1990s. Detailed drilling maps are available for download by campaign · see the source material below.

03 · Drilling history

Seven documented campaigns

Stortjärnhobben has been investigated in seven documented drilling campaigns between 1997 and 2025. The 2024 and 2025 campaigns form the basis for the current mineral resource under the PERC Reporting Standard (2021 edition). Drilling maps by campaign are available for download in the source material below.

1997
First drilling campaign
2001
Second campaign
2004
Third campaign
2005
Fourth campaign
2006
Fifth campaign
2024
Modern diamond core drilling
2025
Mineral resource classified under the PERC Reporting Standard (2021 edition)

Historical campaigns have not been verified by the Competent Person under the PERC Reporting Standard (2021 edition). The current mineral resource is based on the 2024 to 2025 campaigns.

04 · Permits

The path to trial mining

The Company holds a granted exploitation concession (Stortjärnhobben K nr 1), which confers the right to conduct mining within the concession area. The land designation and the environmental permit are examined in separate regulatory processes. The land designation is currently before the Land and Environment Court of Appeal after the Vapsten Sámi reindeer herding community (sameby) appealed; see permits and consultation. The details are communicated on an ongoing basis through press releases in our press archive.

Trial mining is planned during 2026. Processing of ore from the trial mining is planned at Dragon Mining Sweden AB’s Svartliden plant under a letter of intent disclosed via Cision on 11 December 2025.

05 · Source material

Mineral resource report and drilling maps

The underlying mineral resource report under PERC, plus drilling maps from all seven documented campaigns between 1997 and 2025. Direct download, no registration.

Drilling maps by campaign

Historical drilling campaigns from 1997 to 2006 have not been verified by the Competent Person under the PERC Reporting Standard (2021 edition). The current mineral resource classification is based on the 2024 to 2025 campaigns.

06 · Current information

Follow the project

Ongoing operational information on drilling results, permit decisions, processing agreements and the environmental process is disclosed through press releases under the Market Abuse Regulation (MAR). All press releases are available in our press archive.

The financial calendar, with planned quarterly reports, the general meeting and upcoming catalysts, is available on the IR calendar.

PERC disclaimer. The mineral resource for Stortjärnhobben is classified as an Inferred Mineral Resource under the PERC Reporting Standard (2021 edition). An Inferred Mineral Resource must not be used as the basis for economic evaluation. Economic evaluation is based on the two higher classifications, Indicated and Measured Mineral Resource. Competent Person: Lazaros Dalampiras.