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Vulcan Resources Limited is an Australian base metals development and exploration company active in Finland.
The Company’s primary focus is the completion of a definitive feasibility study on its 100% owned Kylylahti copper-cobalt project located in eastern Finland which has a Resource of 7.85 million tonnes grading 1.17% copper, 0.24% cobalt, 0.22% nickel, 0.49% zinc and 0.70 g/t gold.
Mining and construction is expected to commence in late 2007. Projected production over a mine life of a minimum of 12 years is 550-600,000 tonnes per annum to produce an average 6,500 tonnes per annum (14 million pounds) of copper, 8,000 ounces of gold in concentrates, 1,200 tonnes per annum (2.6 million pounds) of cobalt and 1,200 tonnes per annum (2.6 million pounds) of nickel in chemicals for sale to refineries.
Vulcan is also a successful nickel explorer at its 95% owned Kuhmo Nickel Project where there is a Resource containing 30,000 tonnes of nickel metal.
Vulcan also has extensive vanadium, nickel-copper and platinum group element exploration projects in northern Finland.