Geological Survey of Sweden classifies IGE's Rönnbäcken nickel project "an Area of National Interest for Mineral Extraction"

Geological Survey of Sweden classifies IGE's Rönnbäcken nickel project
"an Area of National Interest for Mineral Extraction"

IGE Resources AB (OSE:IGE) today announced that the Geological Survey of
Sweden has classified the Rönnbäcken nickel deposits "an Area of
National Interest for Mineral Extraction."

 

The Geologic Survey of Sweden (SGU) announced their decision yesterday.
The area of interest, referred to as Rönnbäcken, consists of the three
known deposits: Rönnbäcksnäset, Vinberget and Sundsberget, which in
SGU's opinion are all part of the same mineralization and shall
therefore be considered as one entire deposit. 

The SGU further noted in its decision that nickel is considered a
strategic metal, yet all of the nickel consumed in Sweden is imported.
The area is important for the country's raw material supply and has good
potential to support future mining activity. Examples of other Swedish
deposits previously classified as areas of national interest are Aitik
(Cu-Au), Zinkgruvan (Zn-Pb-Ag), Garpenberg (Zn-Pb-Ag) and Kiruna (Fe).

"The classification by SGU represents recognition of the Rönnbäcken
project as an important and long term source of nickel in the future,"
said Fredric Bratt, CEO of IGE Nordic.

For additional information, please contact:

Tomas Fellbom

CEO, IGE Resources AB

Phone: +46 8 402 28 00 / Mobile: +46 73 322 57 86

E-mail: tomas.fellbom@ige.se preparedness

Fredric Bratt

CEO, IGE Nordic AB                                  

Phone: +46 8 402 28 00 / Mobile: +46 762 35 32
60                                 

E-mail: fredric.bratt@igenordic.se (fredric.bratt@igenordic.se)

 IGE Resources AB (publ), is a Scandinavian company mainly focusing on
diamond exploration and production in Southern Africa.  IGE's portfolio
also includes one of Scandinavia's largest nickel projects and gold
exploration projects in Kenya. IGE is headquartered in Stockholm, and
its shares are listed on the Oslo Stock Exchange (ticker: IGE).Please
refer to www.ige.se (http://www.ige.se/) for more detailed information.