Mr. Damien Reynolds reports
MINERAL ROAD COMMISSIONS STRATEGIC REVIEW OF SIGNIFICANT BERGSLAGEN TUNGSTEN PROJECT IN SWEDEN
Mineral Road Discovery Inc. has engaged U.K.-based natural resources consultant Bill Murphy, principal of Murphy Resource Consultants, to undertake a strategic review of the company's Bergslagen tungsten project in Sweden. The review will focus on the development potential of the significant historical surface tailings opportunity and the broader hard-rock tungsten potential at the Bergslagen project.
Bergslagen is centred on the historic Yxsjoberg tungsten mining district and contains substantial historical tailings, extensive underground workings and a significant body of historical geological and exploration information.
The company believes these features provide an opportunity to consider a staged approach to development, beginning with the surface tailings and, subject to further exploration and technical work, progressing to shallow and deeper hard-rock mineralization.
Bergslagen at a glance
Sweden -- an established European mining jurisdiction.
Historic tungsten district -- Yxsjoberg has a long history of tungsten mining, providing an extensive geological and mining record.
Tungsten is classified by the European Union as both a critical raw material and a strategic raw material under the EU Critical Raw Materials Act. The European framework recognizes the strategic importance of tungsten and the need to strengthen European supply chains for materials where supply risks are significant.
Sweden is also placing increasing strategic importance on the development of its domestic mineral resources. Sweden's current mineral strategy highlights the changed security environment, Europe's dependence on imported metals and minerals and the need to strengthen Sweden's contribution to European raw-material supply.
The Swedish Geological Survey (SGU) has identified tungsten and other critical raw materials in the Bergslagen district and has highlighted the potential for recovering critical and strategic raw materials from historical mining waste in the region.
Surface tailings -- potential early development opportunity
The historical surface tailings represent the company's most immediate development focus.
Because the material has already been mined and is located at surface, the company believes it warrants priority evaluation as a potential first stage of development, subject to confirmation of tonnage, grade, mineralogy, recoveries, permitting and economic viability. A number of academic studies have already provided initial recommendations for processing as well as potential recoveries, although this technical data has not been reviewed by Mineral Road's qualified person.
Mineral Road intends to undertake additional drilling, sampling and metallurgical testwork to establish the quantity, grade, mineralogy and recoverability of tungsten and associated minerals contained within the tailings. The company is also evaluating the early involvement of experienced processing specialists in the program so that metallurgical testwork can commence as samples become available. The objective is to determine whether the tailings can support a commercially viable reprocessing operation and, if so, to establish the technical basis for a future resource estimate and scoping-level economic assessment.
About Mr. Murphy
Mr. Murphy is a U.K.-based natural resources consultant and principal of Murphy Resource Consultants. He has more than 30 years experience evaluating, financing and developing natural-resource projects across multiple commodities and international jurisdictions, with a core focus on identifying undervalued assets, formulating accelerated development strategies and executing commercial pathways to unlock shareholder value. Mr. Murphy will assist Mineral Road in assessing the development options for Bergslagen, including the potential sequencing of the tailings, shallow hard-rock and deeper underground opportunities.
About Mineral Road Discovery Inc.
Mineral Road Discovery is a Canadian exploration and development company focused on critical and strategic minerals. The company's Bergslagen tungsten project is located in southern Sweden and encompasses the historically significant Yxsjoberg tungsten district.
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