Sweden Ni-Cu-PGE Project

Alba Mineral Resources currently hold nine licences in Sweden for nickel-copper-PGM mineralization. Five of the licences occur in the Vindeln Nickel Belt, located approximately 50 km south of Skeleftea in northern Sweden, and four licences occur in southern Sweden close to the historic Kleva mine, 40 km east of Jönköping. Initiail work on these licences was funded by Alba's Canadian exploration alliance partner Altius Minerals Corporation.

Vindeln Nickel Belt

The bedrock geology to the Vindeln Nickel Belt is a 1.90 Ga metamorphosed rift sedimentary sequence intruded by ultramafic sills. Ultramafic sills (intrusions) and lava flows are known to be intimately associated with the formation of magmatic sulphide mineral deposits. The geology and the known mineralization in the Vindeln Nickel Belt show similarities to the world-class Thompson Nickel Belt (Manitoba, Canada). The Thompson Nickel Belt annually produces more than 45,000 tonnes of nickel metal. Nickel sulphide mineralization in the Vindeln Nickel Belt occurs as disseminated to massive sulphide and breccia sulphide in ultramafic rock intruded into the rift stratigraphy and often extends into the wall rock.

The Company believes the licences awarded by the Swedish Mining Inspectorate (Bergsstaten) in northern Sweden (Andersfors, Furuberget, Kälen, Rössjön, and Skivsjön) are prospective for nickel mineralization based on bedrock geology, overburden geochemistry, geophysics and proximity to known sulphide accumulations. For example, the Company's Furuberget licence is only 6 km along strike from the known historical drilled nickel occurrence of Rörmyrberget: 4 Mt with a grade of 0.6% Ni using a 0.4% Ni cut-off (source Swedish Geological Survey, SGU).

Jönköping Area

Geology and Mineral Potential of the Licences The four licences (Kleva, Lindås, Björkmossa and Milletorp) awarded in the Jönköping District are underlain by ca. 1.85 Ga mafic (gabbronorite, gabbro and diorite) intrusions which make up the Trans-Scandinavian Igneous Belt. This belt of mafic intrusive rocks extends northward into Norway and hosts the former Espedalen nickel mine (1000 tonnes of nickel with an average grade of 1.0%). The Kleva licence is centred on the former Kleva nickel-copper mine, sporadically mined between 1845 and 1920, which produced a total of 1200 tonnes nickel and 500 tonnes of copper from ore with an average grade of 1.9 % Ni, 0.8 % copper and 0.2 % cobalt. The ore occurs as two zones of massive sulphides in irregular pipe and stock-like bodies surrounded by disseminated sulphides in the gabbronorite. Airborne geophysics flown by the Swedish Geological Survey (SGU) identified a magnetic anomaly associated with the Kleva mine and several anomalies of a similar magnitude remain to be tested on the licence.