Brief: Nordic Iron Ore Updates On Development Of Blötberget Project

Nordic Iron Ore AB

30/01/2026 07:10

Jan 30 (Reuters) - Nordic Iron Ore AB NIO.ST:

SAID ON THURSDAY ONGOING PRELIMINARY FEASIBILITY STUDY HAS SHOWN BOTH SIGNIFICANT IMPROVEMENTS TO THE PROJECT AND SOME REMAINING CHALLENGES

THE IMPROVEMENTS RELATE TO THE MINERAL RESOURCES AND THE POSSIBLE CONCENTRATE PRODUCTION

THE CHALLENGES RELATE TO THE ANNUAL ORE EXTRACTION RATE AND MINING COSTS DUE TO THE GEOMETRY AND DEPTH OF THE MINERALIZATION

AS THE FINANCIAL RESULTS OF THE ONGOING PRELIMINARY FEASIBILITY STUDY ARE NOT YET CONSIDERED SUFFICIENT, THE COMPANY HAS DECIDED TO EXTEND AND EXPAND THE PRELIMINARY FEASIBILITY STUDY, WHICH IS EXPECTED TO BE COMPLETED IN Q3

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 Further company coverage: NIO.ST

 (Gdansk Newsroom)

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