LKAB reports larger Mineral Resources

Kiruna LKAB reports larger Mineral Resources and significant increase in Rare Earth Oxides.

After exploration in 2024 LKAB has continued to add to the Mineral Resources of the company whilst improving the quality of the Mineral Reserves, reaching a combined total of 6,1 billion tonnes.

Compared to 2023, the Mineral Resources have increased by some 500 million tonnes. The Per Geijer deposit in Kiruna is now 1,2 billion tonnes of total Mineral Resources, including 2,2 million tonnes of in situ REE oxides – an increase of almost 30 percent since last year and a doubling from 2022.

“These are very good results which continue to support the strategic direction of the company. These significant mineral assets are the result of great efforts from all our colleagues and teams working together. The potential for Sweden’s iron ore supply and also for the supply of critical minerals has once again improved and provides increased security for the future”, says Ian Cope, Vice President Exploration at LKAB.

Lennart Håkansson

editor@northswedenbusiness.com